-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 IRATWnLY/IbZXFyZAK9Rvjo3TiMi21+8PxjCbVrVv7Lh3/eKTni+4lR6bZGLHoFU
 UGN7ovSqdtR1VHS6vg8EWw==

<SEC-DOCUMENT>0001292814-10-003840.txt : 20101228
<SEC-HEADER>0001292814-10-003840.hdr.sgml : 20101228
<ACCEPTANCE-DATETIME>20101228160633
ACCESSION NUMBER:		0001292814-10-003840
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		5
CONFORMED PERIOD OF REPORT:	20101231
FILED AS OF DATE:		20101228
DATE AS OF CHANGE:		20101228

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NATIONAL STEEL CO
		CENTRAL INDEX KEY:			0001049659
		STANDARD INDUSTRIAL CLASSIFICATION:	STEEL WORKS, BLAST FURNACES & ROLLING & FINISHING MILLS [3310]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14732
		FILM NUMBER:		101276049

	BUSINESS ADDRESS:	
		STREET 1:		RUA LAURO MULLER
		STREET 2:		116 36 ANDAR
		CITY:			RIO DE JANEIRO RJ BR
		STATE:			D5
		ZIP:			00000
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>sidfr2010_6kfinal.htm
<DESCRIPTION>REFERENCE FORM
<TEXT>

<HTML>
<HEAD>
   <TITLE>sidfr2010_6kfinal.htm - Provided by MZ Technologies</TITLE>
</HEAD>

<BODY bgcolor="#ffffff">


<HR align=left color=#000000 noShade SIZE=4>
<DIV>&nbsp;</DIV>
<DIV align=center><FONT face="Times New Roman" color=#000000 size=5><B>SECURITIES AND EXCHANGE COMMISSION </B></FONT></DIV>
<DIV align=center><FONT face="Times New Roman" color=#000000 size=3><B>Washington, D.C. 20549 </B></FONT></DIV>
<DIV>&nbsp;</DIV>
<HR align=center width="21%" color=#000000 noShade>
<DIV>&nbsp;</DIV>
<DIV align=center><FONT face="Times New Roman" color=#000000 size=5><B>FORM 6-K </B></FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV align=center><FONT face="Times New Roman" color=#000000 size=3>Report of Foreign Private Issuer<BR>
Pursuant to Rule 13a-16 or 15d-16 of the</FONT></DIV>
<DIV align=center><FONT face="Times New Roman" color=#000000 size=3>Securities Exchange Act of 1934</FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV align=center>
<DIV><FONT face="Times New Roman" color=#000000 size=3><B>For the month of December, 2010</B></FONT></DIV><FONT face="Times New Roman" color=#000000 size=3><B>Commission File Number 1-14732 </B></FONT></DIV>
<DIV>&nbsp;</DIV>
<HR align=center width="21%" color=#000000 noShade>
<DIV>&nbsp;</DIV>
<DIV align=center><FONT face="Times New Roman" color=#000000 size=5><B>COMPANHIA SIDER&#218;RGICA NACIONAL </B></FONT></DIV>
<DIV align=center><FONT face="Times New Roman" color=#000000 size=2>(Exact name of registrant as specified in its charter) </FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV align=center></DIV>
<DIV align=center><FONT face="Times New Roman" color=#000000 size=5><B>National Steel Company </B></FONT></DIV>
<DIV align=center><FONT face="Times New Roman" color=#000000 size=2>(Translation of Registrant's name into English)</FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV align=center><FONT face="Times New Roman" color=#000000 size=3><B>Av. Brigadeiro Faria Lima 3400, 20&#186; andar<BR>
S&#227;o Paulo, SP, Brazil<BR>
04538-132 </B></FONT></DIV>
<DIV align=center><FONT face="Times New Roman" color=#000000 size=2>(Address of principal executive office)</FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV align=center><FONT face="Times New Roman" color=#000000 size=3>Indicate by check mark whether the registrant files or will file annual reports<BR>
under cover Form 20-F or Form 40-F.&nbsp;</FONT> Form 20-F ___X___ Form 40-F _______
<P>&nbsp;<FONT face="Times New Roman, Times, Serif" size=3>Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. </FONT>&nbsp;</P>
Yes _______ No ___X____ </DIV>
<HR align=left color=#000000 noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>
<A name="page_1"></A>
<a name="_bclPageBorder1"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader1"></a><DIV>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
</DIV>
<P style="MARGIN: 0in 3pt 0in 0in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New (W1),serif">&nbsp;</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Table of Contents&nbsp;&nbsp;&nbsp; </FONT></P>
<P style="MARGIN: 0in 3pt 0in 0in">&nbsp;</P>
<P style="MARGIN: 0in 3pt 0in 0in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD width="90%">
<A href="#page_7">
<P style="MARGIN: 6pt 0in"><FONT style="FONT-SIZE: 8pt" face="Times New Roman" color=#0000ff><B><FONT style="TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" color=#000000>1.1&nbsp;Declaration and identification of the persons responsible for the content of this form</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_7">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>7</FONT></B></FONT></P>
</A></TD></TR>
<TR height=20>
     <TD width="90%">
<A href="#page_8">
<P style="MARGIN: 6pt 0in"><FONT style="FONT-SIZE: 8pt" face="Times New Roman" color=#0000ff><B><FONT style="TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" color=#000000>2.1/2.2&nbsp;Identification and compensation paid to the independent auditors:</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_8">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>8</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD width="90%">
<A href="#page_9">
<P style="MARGIN: 6pt 0in"><FONT style="FONT-SIZE: 8pt" face="Times New Roman" color=#0000ff><B><FONT style="TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" color=#000000>2.3 Other material information:</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_9">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>9</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD width="90%">
<A href="#page_10">
<P style="MARGIN: 6pt 0in"><FONT style="FONT-SIZE: 8pt" face="Times New Roman" color=#0000ff><B><FONT style="TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" color=#000000>3.1&nbsp;Financial information:</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_10">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>10</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD width="90%">
<A href="#page_11">
<P style="MARGIN: 6pt 0in"><FONT style="FONT-SIZE: 8pt" face="Times New Roman" color=#0000ff><B><FONT style="TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" color=#000000>3.2&nbsp;Non-Accounting Indicators</FONT></B></FONT><FONT style="DISPLAY: none; FONT-SIZE: 8pt; TEXT-TRANSFORM: uppercase; TEXT-DECORATION: none" face="Times New Roman"><B><FONT color=#000000>.</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_11">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>11</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD width="90%">
<A href="#page_12">
<P style="MARGIN: 6pt 0in"><FONT style="FONT-SIZE: 8pt" face="Times New Roman" color=#0000ff><B><FONT style="TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" color=#000000>3.3&nbsp;Events subsequent to December 31, 2009, that could have a material effect on the financial statements for fiscal year 2009:</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_12">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>12</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD width="90%">
<A href="#page_13">
<P style="MARGIN: 6pt 0in"><FONT style="FONT-SIZE: 8pt" face="Times New Roman" color=#0000ff><B><FONT style="TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" color=#000000>3.4 Policy for the allocation of net income in the last three fiscal years:</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_13">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>13</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD width="90%">
<A href="#page_14">
<P style="MARGIN: 6pt 0in"><FONT style="FONT-SIZE: 8pt" face="Times New Roman" color=#0000ff><B><FONT style="TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" color=#000000>3.5 Summary of dividends paid and net income retained:</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_14">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>14</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD width="90%">
<A href="#page_15">
<P style="MARGIN: 6pt 0in"><FONT style="FONT-SIZE: 8pt" face="Times New Roman" color=#0000ff><B><FONT style="TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" color=#000000>3.6 Dividends declared on retained income or reserves constituted in previous fiscal years:</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_15">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>15</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD width="90%">
<A href="#page_16">
<P style="MARGIN: 6pt 0in"><FONT style="FONT-SIZE: 8pt" face="Times New Roman" color=#0000ff><B><FONT style="TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" color=#000000>3.7&nbsp;Level of indebtedness:</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_16">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>16</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD width="90%">
<A href="#page_17">
<P style="MARGIN: 6pt 0in"><FONT style="FONT-SIZE: 8pt" face="Times New Roman" color=#0000ff><B><FONT style="TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" color=#000000>3.8 </FONT></B></FONT><FONT style="FONT-SIZE: 8pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman" color=#0000ff><B><FONT color=#000000>Company&#146;s total obligations according to maturity date:</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_17">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>17</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD width="90%">
<A href="#page_18">
<P style="MARGIN: 6pt 0in"><FONT style="FONT-SIZE: 8pt" face="Times New Roman" color=#0000ff><B><FONT style="TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" color=#000000>3.9 Other relevant information:</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_18">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>18</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD width="90%">
<A href="#page_19">
<P style="MARGIN: 6pt 0in"><FONT style="FONT-SIZE: 8pt" face="Times New Roman" color=#0000ff><B><FONT style="TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" color=#000000>4.1 Risk factors that could influence decisions to invest in the Company's securities:</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_19">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>19</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD width="90%">
<A href="#page_25">
<P style="MARGIN: 6pt 0in"><FONT style="FONT-SIZE: 8pt" face="Times New Roman" color=#0000ff><B><FONT style="TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" color=#000000>4.2 Expectations regarding a decrease or increase in the Company&#146;s exposure to relevant risks:</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_25">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>25</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD width="90%">
<A href="#page_26">
<P style="MARGIN: 6pt 0in"><FONT style="FONT-SIZE: 8pt" face="Times New Roman" color=#0000ff><B><FONT style="TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" color=#000000>4.3 Non-confidential and material lawsuits, administrative or arbitration proceedings to which the Company or its subsidiaries are party:</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_26">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>26</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD width="90%">
<A href="#page_31">
<P style="MARGIN: 6pt 0in"><FONT style="FONT-SIZE: 8pt" face="Times New Roman" color=#0000ff><B><FONT style="TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" color=#000000>4.4 Non-confidential and material lawsuits, administrative or arbitration proceedings to which the Company or its subsidiaries are party and whose counterparties are administrators or former administrators, controlling shareholders or former controlling shareholders, or investors of the Company or its subsidiaries:</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_31">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>31</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD width="90%">
<A href="#page_32">
<P style="MARGIN: 6pt 0in"><FONT style="FONT-SIZE: 8pt" face="Times New Roman" color=#0000ff><B><FONT style="TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" color=#000000>4.5 Impacts in case of loss and amounts involved in material confidential proceedings to which the Company or its subsidiaries are parties:</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_32">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>32</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD width="90%">
<A href="#page_33">
<P style="MARGIN: 6pt 0in"><FONT style="FONT-SIZE: 8pt" face="Times New Roman" color=#0000ff><B><FONT style="TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" color=#000000>4.6&nbsp; Recurrent or related lawsuits, administrative and arbitration proceedings, based on similar facts and lawsuits, in which the Company or its subsidiaries are parties, which are not confidential and are jointly relevant to their business:</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_33">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>33</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD width="90%">
<A href="#page_34">
<P style="MARGIN: 6pt 0in"><FONT style="FONT-SIZE: 8pt" face="Times New Roman"><B><FONT style="TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" color=#000000>4.7 Other material contingencies not covered by the previous items:</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_34">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>34</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD width="90%">
<A href="#page_35">
<P style="MARGIN: 6pt 0in"><FONT style="FONT-SIZE: 8pt" face="Times New Roman"><B><FONT style="TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" color=#000000>4.8 Information on rules from the foreign issuer&#146;s country of origin and from the country where the securities of the foreign issuer are held in custody:</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_35">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>35</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD width="90%">
<A href="#page_36">
<P style="MARGIN: 6pt 0in"><FONT style="FONT-SIZE: 8pt" face="Times New Roman"><B><FONT style="TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" color=#000000>5.1 Quantitative and qualitative disclosure on the market risks to which the Company is exposed, including those related to foreign exchange and interest rates:</FONT></B></FONT> </P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_36">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>36</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD width="90%">
<A href="#page_37">
<P style="MARGIN: 6pt 0in"><FONT style="FONT-SIZE: 8pt" face="Times New Roman"><B><FONT style="TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" color=#000000>5.2 Describe the market risk management policy adopted by the Company, its objectives, strategies and instruments:</FONT></B></FONT> </P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_37">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>37</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD width="90%">
<A href="#page_38">
<P style="MARGIN: 6pt 0in"><FONT style="FONT-SIZE: 8pt" face="Times New Roman"><B><FONT style="TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" color=#000000>5.3 Significant changes in the main market risks or in the policy for managing financial risks related to the last fiscal year:</FONT></B></FONT> </P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_38">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>38</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD width="90%">
<A href="#page_39">
<P style="MARGIN: 6pt 0in"><FONT style="FONT-SIZE: 8pt" face="Times New Roman"><B><FONT style="TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" color=#000000>5.4&nbsp; Other relevant information:</FONT></B></FONT> </P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_39">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>39</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD width="90%"></TD>
     <TD width="10%"></TD></TR></TABLE></FONT></P>
<a name="_bclFooter1"></a><DIV>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
</DIV></DIV>
<HR align=center width="100%" noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_2"></A>&nbsp;
<a name="_bclPageBorder2"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader2"></a><DIV>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD width="90%">
<A href="#page_40">
<P style="MARGIN: 6pt 0in"><FONT style="TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman" color=#0000ff><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LETTER-SPACING: 0.25pt" color=#000000>6.1/6.2/6.4&nbsp;Incorporation of the Company, final maturity and date of registration with CVM: </FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_40">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>40</FONT></B></FONT></P>
</A></TD></TR>
<TR height=20>
     <TD width="90%">
<A href="#page_41">
<P style="MARGIN: 6pt 0in"><FONT style="TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman" color=#0000ff><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LETTER-SPACING: 0.25pt" color=#000000>6.3 Summary of the Company&#146;s history:</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_41">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>41</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD width="90%">
<A href="#page_42">
<P style="MARGIN: 6pt 0in"><FONT style="TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman" color=#0000ff><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LETTER-SPACING: 0.25pt" color=#000000>6.5 Main corporate events such as incorporations, mergers, spin-offs, share mergers, the sale and acquisition of shareholding control and the sale and acquisition of important assets, which the Company and/or its subsidiaries or associated companies have undergone:</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_42">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>42</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD width="90%">
<A href="#page_51">
<P style="MARGIN: 6pt 0in"><FONT style="TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman" color=#0000ff><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#000000>6.6 Bankruptcy petitions involving significant amounts and requests for judicial or extra-judicial reorganization: </FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_51">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>51</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD width="90%">
<A href="#page_52">
<P style="MARGIN: 6pt 0in"><FONT style="TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman" color=#0000ff><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#000000>6.7&nbsp;Other relevant information:</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_52">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>52</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD width="90%">
<A href="#page_53">
<P style="MARGIN: 6pt 0in"><FONT style="TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman" color=#0000ff><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#000000>7.1 Summary description of the activities of the Company and its subsidiaries:</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_53">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>53</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD width="90%">
<A href="#page_53">
<P style="MARGIN: 6pt 0in"><FONT style="TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman" color=#0000ff><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#000000>7.1.1. Mining</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_53">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>53</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD width="90%">
<A href="#page_53">
<P style="MARGIN: 6pt 0in"><FONT style="TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman" color=#0000ff><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#000000>7.1.2. Steelmaking</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_53">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>53</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD width="90%">
<A href="#page_54">
<P style="MARGIN: 6pt 0in"><FONT style="TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman" color=#0000ff><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#000000>7.1.3. Other Activities</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_54">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>54</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD width="90%">
<A href="#page_56">
<P style="MARGIN: 6pt 0in"><FONT style="TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman" color=#0000ff><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#000000>7.2 Operating segments:</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_56">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>56</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD width="90%">
<A href="#page_56">
<P style="MARGIN: 6pt 0in"><FONT style="TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman" color=#0000ff><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#000000>7.2.1&nbsp;Mining</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_56">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>56</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD width="90%">
<A href="#page_57">
<P style="MARGIN: 6pt 0in"><FONT style="TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman" color=#0000ff><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#000000>7.2.2&nbsp;Steelmaking</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_57">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>57</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD width="90%">
<A href="#page_58">
<P style="MARGIN: 6pt 0in"><FONT style="TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman" color=#0000ff><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#000000>7.2.3 Other Activities and Products</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_58">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>58</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD width="90%">
<A href="#page_60">
<P style="MARGIN: 6pt 0in"><FONT style="TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman" color=#0000ff><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#000000>7.3 Products and services:</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_60">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>60</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD width="90%">
<A href="#page_60">
<P style="MARGIN: 6pt 0in"><FONT style="TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman" color=#0000ff><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#000000>7.3.1 Mining</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_60">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>60</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD width="90%">
<A href="#page_61">
<P style="MARGIN: 6pt 0in"><FONT style="TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman" color=#0000ff><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#000000>7.3.2 Steelmaking</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_61">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>61</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD width="90%">
<A href="#page_62">
<P style="MARGIN: 6pt 0in"><FONT style="TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman" color=#0000ff><B><FONT color=#000000><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Times New Roman">7.3.3 </FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman">Cement</FONT></FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_62">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>62</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD width="90%">
<A href="#page_66">
<P style="MARGIN: 6pt 0in"><FONT style="TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman" color=#0000ff><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#000000>7.4 Relevant clients (accounting for more than 10% of the Company&#146;s total revenue):</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_66">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>66</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD width="90%">
<A href="#page_67">
<P style="MARGIN: 6pt 0in"><FONT style="TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman" color=#0000ff><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#000000>7.5 Significant effects of government regulations on the Company&#146;s operations:</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_67">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>67</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD width="90%">
<A href="#page_70">
<P style="MARGIN: 6pt 0in"><FONT style="TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman" color=#0000ff><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#000000>7.6 Information on countries in which the Company has earned significant revenue:</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_70">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>70</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD width="90%">
<A href="#page_71">
<P style="MARGIN: 6pt 0in"><FONT style="TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman" color=#0000ff><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#000000>7.7 Regulations of the countries where the Company has obtained significant revenues:</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_71">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>71</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD width="90%">
<A href="#page_72">
<P style="MARGIN: 6pt 0in"><FONT style="TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman" color=#0000ff><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#000000>7.8 Other long-term relations relevant to the Company:</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_72">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>72</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD width="90%">
<A href="#page_73">
<P style="MARGIN: 6pt 0in"><FONT style="TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman" color=#0000ff><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#000000>7.9 Other relevant information:</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_73">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>73</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD width="90%">
<A href="#page_74">
<P style="MARGIN: 6pt 0in"><FONT style="TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman" color=#0000ff><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#000000>8.1 Describe the Company&#146;s economic group</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_74">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>74</FONT></B></FONT></P>
</A></TD></TR>
<TR height=20>
     <TD width="90%">
<A href="#page_76">
<P style="MARGIN: 6pt 0in"><FONT style="FONT-VARIANT: small-caps" face="Times New Roman,serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt" face="Times New Roman" color=#000000>8.2 Organization chart of the economic group:</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_76">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>76</FONT></B></FONT></P>
</A></TD></TR>
<TR style="HEIGHT: 0px" height=20>
     <TD width="90%">
<A href="#page_77">
<P style="MARGIN: 6pt 0in"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman" color=#000000>8.3 Restructurings, mergers, split-offs, stock mergers, sale and acquisition of control and sales of important assets:</FONT></B></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_77">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>77</FONT></B></FONT></P>
</A></TD></TR>
<TR height=20>
     <TD width="90%">
<A href="#page_79">
<P style="MARGIN: 6pt 0in"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman" color=#000000>8.4 Other relevant information:</FONT></B></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_79">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>79</FONT></B></FONT></P>
</A></TD></TR>
<TR style="HEIGHT: 0px" height=20>
     <TD width="90%">
<A href="#page_80">
<P style="MARGIN: 6pt 0in"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman" color=#000000>9.1 Non-current assets relevant for the development of the Company&#146;s activities, indicating especially:</FONT></B></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_80">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>80</FONT></B></FONT></P>
</A></TD></TR>
<TR style="HEIGHT: 0px" height=20>
     <TD width="90%">
<A href="#page_81">
<P style="MARGIN: 6pt 0in"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman" color=#000000>9.1&nbsp;Relevant non-current assets/ 9.1.a &#150; Properties</FONT></B></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_81">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>81</FONT></B></FONT></P>
</A></TD></TR>
<TR height=20>
     <TD width="90%">
<A href="#page_83">
<P style="MARGIN: 6pt 0in"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman" color=#000000>9.1&nbsp;Relevant non-current assets/ 9.1.b &#150; Patents, brands, licenses, concessions, franchises, and technology transfer agreements</FONT></B></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_83">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>83</FONT></B></FONT></P>
</A></TD></TR>
<TR height=20>
     <TD width="90%">
<A href="#page_144">
<P style="MARGIN: 6pt 0in"><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman" color=#000000><B>9.1&nbsp;Relevant non-current assets/ 9.1.C &#150; </B><B>Companies in which the company holds an interest</B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_144">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT style="FONT-SIZE: 8pt" color=#000000><B><FONT face="Times New Roman">144</FONT></B></FONT></P>
</A></TD></TR>
<TR height=20>
     <TD width="90%">
<A href="#page_166">
<P style="MARGIN: 6pt 0in"><FONT style="TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman,serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt" face="Times New Roman" color=#000000>9.2 Other relevant information:</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_166">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>166</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD width="90%"></TD>
     <TD width="10%"></TD></TR></TABLE></DIV>
<a name="_bclFooter2"></a><DIV>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
</DIV></DIV>
<HR align=center width="100%" noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_3"></A>&nbsp;
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD width="90%">
<A href="#page_167">
<P style="MARGIN: 6pt 0in"><FONT style="FONT-SIZE: 8pt; TEXT-TRANSFORM: uppercase" face="Times New Roman" color=#0000ff><B><FONT lang=EN-US style="LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" color=#000000>10.1 Management should comment on:</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_167">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>167</FONT></B></FONT></P>
</A></TD></TR>
<TR height=20>
     <TD width="90%">
<A href="#page_176">
<P style="MARGIN: 6pt 0in"><FONT style="FONT-SIZE: 8pt; TEXT-TRANSFORM: uppercase" face="Times New Roman" color=#0000ff><B><FONT lang=EN-US style="LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" color=#000000>10.2 Management should comment on:</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_176">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>176</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD width="90%">
<A href="#page_181">
<P style="MARGIN: 6pt 0in"><FONT style="FONT-SIZE: 8pt; TEXT-TRANSFORM: uppercase" face="Times New Roman" color=#0000ff><B><FONT lang=EN-US style="LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" color=#000000>10.3 Material effects on the Company&#146;s financial statements and results caused by or expected to be caused by the following events:</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_181">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>181</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD align=left width="90%">
<A href="#page_183">
<P style="MARGIN: 6pt 0in" align=left><FONT style="FONT-SIZE: 8pt; TEXT-TRANSFORM: uppercase" face="Times New Roman" color=#0000ff><B><FONT lang=EN-US color=#000000>10.4&nbsp; Management should comment on:</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_183">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>183</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD align=left width="90%">
<A href="#page_190">
<P style="MARGIN: 6pt 0in" align=justify><FONT style="FONT-SIZE: 8pt; TEXT-TRANSFORM: uppercase" face="Times New Roman" color=#0000ff><B><FONT lang=EN-US style="LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" color=#000000>10.5 Executive Officers should indicate and comment on critical accounting policies adopted by the Company, including Management&#146;s accounting estimates concerning uncertain and relevant matters to describe the Company&#146;s financial situation and results that require subjective or complex judgments, such as: provisions, contingencies, revenue recognition, tax credits, long-lived assets, the useful life of non-current assets, pension plans, foreign currency translation adjustments, environmental recovery costs, criteria for impairment tests on assets and financial instruments.</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_190">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>190</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD width="90%">
<A href="#page_193">
<P style="MARGIN: 6pt 0in"><FONT style="FONT-SIZE: 8pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman" color=#0000ff><B><FONT lang=EN-US color=#000000>10.6 Internal controls adopted to ensure the preparation of reliable financial statements:</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_193">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>193</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD width="90%">
<A href="#page_194">
<P style="MARGIN: 6pt 0in"><FONT style="FONT-SIZE: 8pt; TEXT-TRANSFORM: uppercase" face="Times New Roman" color=#0000ff><B><FONT lang=EN-US style="LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" color=#000000>10.7 Aspects referring to eventual public offering of shares:</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_194">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>194</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD width="90%">
<A href="#page_195">
<P style="MARGIN: 6pt 0in"><FONT style="FONT-SIZE: 8pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman" color=#0000ff><B><FONT lang=EN-US color=#000000>10.8 Relevant items not disclosed in the Company's financial statements:</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_195">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>195</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD width="90%">
<A href="#page_201">
<P style="MARGIN: 6pt 0in"><FONT style="FONT-SIZE: 8pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman" color=#0000ff><B><FONT lang=EN-US color=#000000>10.9 With regard to each item not included in the financial statements indicated in item 10.8, comment on the following:</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_201">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>201</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD width="90%">
<A href="#page_202">
<P style="MARGIN: 6pt 0in"><FONT style="FONT-SIZE: 8pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman" color=#0000ff><B><FONT lang=EN-US color=#000000>10.10 Main elements of the Company's business plan:</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_202">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>202</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD width="90%">
<A href="#page_204">
<P style="MARGIN: 6pt 0in"><FONT style="FONT-SIZE: 8pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman" color=#0000ff><B><FONT lang=EN-US color=#000000>10.11 Other factors significantly impacting operating performance that were not identified or commented on in other items of this section.</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_204">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>204</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD width="90%">
<A href="#page_205">
<P style="MARGIN: 6pt 0in"><FONT style="FONT-SIZE: 8pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman" color=#0000ff><B><FONT lang=EN-US><FONT style="FONT-SIZE: 8pt" face="Times New Roman" color=#000000>11.1 Projections disclosed and premises</FONT><FONT style="DISPLAY: none; FONT-SIZE: 8pt; TEXT-DECORATION: none" face="Times New Roman" color=#000000>.</FONT></FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_205">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>205</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD width="90%">
<A href="#page_206">
<A href="#page_205">
<P style="MARGIN: 6pt 0in"><FONT style="FONT-SIZE: 8pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman" color=#0000ff><B><FONT lang=EN-US><FONT style="FONT-SIZE: 8pt" face="Times New Roman" color=#000000>11.2&nbsp;Monitoring of and changes to the disclosed projections</FONT><FONT style="DISPLAY: none; FONT-SIZE: 8pt; TEXT-DECORATION: none" face="Times New Roman" color=#000000>.</FONT></FONT></B></FONT></P>
</A></A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_206">
<A href="#page_205">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>206</FONT></B></FONT></P>
</A></A></TD></TR>
<TR>
     <TD width="90%">
<A href="#page_207">
<P style="MARGIN: 6pt 0in"><FONT style="FONT-SIZE: 8pt; TEXT-TRANSFORM: uppercase" face="Times New Roman" color=#0000ff><B><FONT lang=EN-US style="LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" color=#000000>12.1 Company&#146;s administrative structure, as established in its Bylaws and internal regulations:</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_207">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>207</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD width="90%">
<A href="#page_208">
<P style="MARGIN: 6pt 0in"><FONT style="FONT-SIZE: 8pt; TEXT-TRANSFORM: uppercase" face="Times New Roman" color=#0000ff><B><FONT lang=EN-US style="LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" color=#000000>12.2 Rules, policies and practices related to the general meetings:</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_208">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>208</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD width="90%">
<A href="#page_212">
<P style="MARGIN: 6pt 0in"><FONT style="FONT-SIZE: 8pt; TEXT-TRANSFORM: uppercase" face="Times New Roman" color=#0000ff><B><FONT lang=EN-US style="LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" color=#000000><FONT style="FONT-SIZE: 8pt" face="Times New Roman">12.3 Dates and newspapers for the publication of information required by Law 6,404/76</FONT><FONT style="DISPLAY: none; FONT-SIZE: 8pt; TEXT-DECORATION: none" face="Times New Roman">&nbsp;</FONT></FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_212">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>212</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD width="90%">
<A href="#page_213">
<P style="MARGIN: 6pt 0in"><FONT style="FONT-SIZE: 8pt; TEXT-TRANSFORM: uppercase" face="Times New Roman" color=#0000ff><B><FONT lang=EN-US style="LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" color=#000000>12.4 Rules, policies and practices related to the Board of Directors:</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_213">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>213</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD align=left width="90%">
<A href="#page_214">
<P style="MARGIN: 6pt 0in" align=justify><FONT style="FONT-SIZE: 8pt; TEXT-TRANSFORM: uppercase" face="Times New Roman" color=#0000ff><B><FONT lang=EN-US style="LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" color=#000000>12.5&nbsp;If any, describe the arbitration clause in the Company&#146;s Bylaws for the resolution of conflicts between shareholders and between shareholders and the Company by means of arbitration:</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_214">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>214</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD width="90%">
<A href="#page_215">
<P style="MARGIN: 6pt 0in"><FONT style="FONT-SIZE: 8pt; TEXT-TRANSFORM: uppercase" face="Times New Roman" color=#0000ff><B><FONT lang=EN-US style="LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" color=#000000><FONT style="FONT-SIZE: 8pt" face="Times New Roman">12.6. Breakdown and professional experience of managers and members of the audit committee:</FONT></FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_215">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>215</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD width="90%">
<A href="#page_220">
<P style="MARGIN: 6pt 0in"><FONT style="FONT-SIZE: 8pt; TEXT-TRANSFORM: uppercase" face="Times New Roman" color=#0000ff><B><FONT lang=EN-US style="LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" color=#000000><FONT style="FONT-SIZE: 8pt" face="Times New Roman">12.7. Members of statutory committees and audit, financial and compensation committees</FONT><FONT style="DISPLAY: none; FONT-SIZE: 8pt; TEXT-DECORATION: none" face="Times New Roman">&nbsp;</FONT></FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_220">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>220</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD align=left width="90%">
<A href="#page_221">
<P style="MARGIN: 6pt 0in" align=justify><FONT style="FONT-SIZE: 8pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman" color=#0000ff><B><FONT lang=EN-US color=#000000><FONT style="FONT-SIZE: 8pt" face="Times New Roman">12.9 Existence of marital or stable relationships or relationships of kinship up to the second degree between any of the managers of the Company or its subsidiaries and parent companies</FONT><FONT style="DISPLAY: none; FONT-SIZE: 8pt; TEXT-DECORATION: none" face="Times New Roman">&nbsp;</FONT></FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_221">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>221</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD align=left width="90%">
<A href="#page_222">
<P style="MARGIN: 6pt 0in" align=justify><FONT style="FONT-SIZE: 8pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman" color=#0000ff><B><FONT lang=EN-US color=#000000><FONT style="FONT-SIZE: 8pt" face="Times New Roman">12.10 Relationsahips of subordination, service provision or control in the last three fiscal years between the management of the Company or its subsidiaries, parent companies and others</FONT><FONT style="DISPLAY: none; FONT-SIZE: 8pt; TEXT-DECORATION: none" face="Times New Roman">&nbsp;</FONT></FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_222">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>222</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD align=left width="90%">
<A href="#page_223">
<P style="MARGIN: 6pt 0in" align=justify><FONT style="FONT-SIZE: 8pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman" color=#0000ff><B><FONT lang=EN-US color=#000000>12.11 Agreements (including insurance policies) establishing the payment or refund of expenses incurred by any member of the Company&#146;s management, on account of compensation for damages to third parties or the Company, or due to penalties exacted by government agents or agreements with the purpose of concluding administrative proceedings or lawsuits through the exercise of their duties:
</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_223">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>223</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD width="90%"></TD>
     <TD width="10%"></TD></TR></TABLE>
<a name="_bclPageBorder3"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader3"></a><DIV>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
</DIV>
<a name="_bclFooter3"></a><DIV>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
</DIV></DIV>
<HR align=center width="100%" noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_4"></A>&nbsp;
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD align=left width="90%">
<A href="#page_224">
<P style="MARGIN: 6pt 0in" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman,serif" color=#000000><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman">12.12&nbsp;Provide any other information that the Company deems relevant:</FONT></B></FONT> </P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_224">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>224</FONT></B></FONT></P>
</A></TD></TR>
<TR height=20>
     <TD align=left width="90%">
<A href="#page_225">
<P style="MARGIN: 6pt 0in" align=justify><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman" color=#000000><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman" color=#000000>13.1 </FONT></B></FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman" color=#000000>Policies and practices for the compensation of members of the board of directors, executive board, fiscal council, statutory committees, audit, risk and financial and compensation committees, addressing the following aspects:</FONT></B></FONT></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_225">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>225</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD align=left width="90%">
<A href="#page_228">
<P style="MARGIN: 6pt 0in" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman,serif" color=#000000><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman">13.2 Total compensation of the Board of Directors, Statutory Executive Board and Fiscal Council</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_228">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>228</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD align=left width="90%">
<A href="#page_229">
<P style="MARGIN: 6pt 0in" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman,serif"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman" color=#000000>13.3 Variable compensation in the last three years and compensation expected for the current year for the Board of Directors, Statutory Executive Board and Fiscal Council:</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_229">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>229</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD align=left width="90%">
<A href="#page_230">
<P style="MARGIN: 6pt 0in" align=justify><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman,serif"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman" color=#000000>13.4 Share-based compensation during the last three fiscal years and expected for the current fiscal year, paid to the members of the Board of Directors and Statutory Executive Board:</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_230">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>230</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD align=left width="90%">
<A href="#page_231">
<P style="MARGIN: 6pt 0in" align=justify><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman,serif"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman" color=#000000>13.5 State the number of shares or other ownership interests held by members of the Board of Directors, Statutory Executive Board or Fiscal Council, either directly or indirectly, in Brazil or abroad, as well as other securities convertible into shares or or other ownership interests issued by the Company, its direct or indirect controllers, subsidiaries or jointly-owned subsidiaries at the close of the last fiscal year:</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_231">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>231</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD align=left width="90%">
<A href="#page_233">
<P style="MARGIN: 6pt 0in" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman,serif"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman" color=#000000>13.6 Share-based compensation for the Board of Directors and Statutory Executive Board in the last fiscal year and expected for the current fiscal year:</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_233">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>233</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD align=left width="90%">
<A href="#page_234">
<P style="MARGIN: 6pt 0in" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman,serif"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman" color=#000000>13.7 Information regarding stock options held by members of the Board of Directors and Statutory Executive Board at the close of the last fiscal year:</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_234">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>234</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD align=left width="90%">
<A href="#page_235">
<P style="MARGIN: 6pt 0in" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman,serif"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman" color=#000000>13.8 Stock options exercised and stock given as share-based compensation to members of the Board of Directors and the Statutory Executive Board in the last three fiscal years:</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_235">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>235</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD align=left width="90%">
<A href="#page_236">
<P style="MARGIN: 6pt 0in" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman,serif" color=#000000><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman">13.9 Necessary information for the understanding of data disclosed in items 13.6 to 13.8 (including the method used for share and option pricing):</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_236">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>236</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD align=left width="90%">
<A href="#page_237">
<P style="MARGIN: 6pt 0in" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman,serif"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman" color=#000000>13.10 Information on private pension plans granted to Board members and Statutory Executive Officers:</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_237">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>237</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD align=left width="90%">
<A href="#page_239">
<P style="MARGIN: 6pt 0in" align=left><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#000000><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman">13.11 </FONT></B></FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#000000><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman">Maximum, minimum and average compensation paid to members of the Board of Directors, Statutory Executive Board and Fiscal Council in the last 3 fiscal years:</FONT></B></FONT></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_239">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>239</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD align=left width="90%">
<A href="#page_240">
<P style="MARGIN: 6pt 0in" align=justify><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#000000><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman">13.12 </FONT></B></FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#000000><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman">Describe all contractual arrangements, insurance policies or compensation mechanisms for management in case of termination or retirement, indicating financial consequences incurred by the Company:</FONT></B></FONT></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_240">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>240</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD align=left width="90%">
<A href="#page_241">
<P style="MARGIN: 6pt 0in" align=justify><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman,serif" color=#000000><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman">13.13 Percentage of total compensation of each body, as recognized in the Company&#146;s results, for members of the Board of Directors, Statutory Executive Board or Fiscal Council that are direct or indirect related parties of the controllers, according to all applicable accounting rules governing the matter:</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_241">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>241</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD align=left width="90%">
<A href="#page_242">
<P style="MARGIN: 6pt 0in" align=justify><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman" color=#000000><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman" color=#000000>13.14 Amounts paid to members of the Board of Directors, Statutory Executive Board and Fiscal Council, by body, for any reason not related to their position (i.e. commissions, consulting or advisory fees) as recognized in the Company&#146;s results</FONT></B></FONT><FONT style="DISPLAY: none; FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman" color=#000000>.</FONT></B></FONT>
</FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_242">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>242</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD width="90%"></TD>
     <TD width="10%"></TD></TR></TABLE>
<a name="_bclPageBorder4"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader4"></a><DIV>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
</DIV>
<a name="_bclFooter4"></a><DIV>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
</DIV></DIV>
<HR align=center width="100%" noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_5"></A>&nbsp;
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD align=left width="90%">
<A href="#page_243">
<P style="MARGIN: 6pt 0in" align=justify><FONT style="FONT-VARIANT: small-caps" face="Times New Roman,serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt" color=#000000>13.15 Amounts recognized in the results of the Company&#146;s direct or indirect controllers, jointly-controlled subsidiaries or subsidiaries, as compensation for members of the Board of Directors, Statutory Executive Board, or Fiscal Council, by body, specifying the type of payment and to whom it was paid:</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_243">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>243</FONT></B></FONT></P>
</A></TD></TR>
<TR height=20>
     <TD align=left width="90%">
<A href="#page_244">
<P style="MARGIN: 6pt 0in" align=justify><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman,serif"><B><FONT style="FONT-SIZE: 8pt" color=#000000>13.16 Other material information:</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_244">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>244</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD align=left width="90%">
<A href="#page_245">
<P style="MARGIN: 6pt 0in" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman,serif" color=#000000><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman"><FONT lang=EN-US face="Times New Roman,serif" color=#000000>14.1 </FONT><FONT lang=EN-US face="Times New Roman,serif" color=#000000>Describe the Company&#146;s human resources, providing the following information:</FONT></FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_245">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>245</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD align=left width="90%">
<A href="#page_249">
<P style="MARGIN: 6pt 0in" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman,serif"><B><FONT style="FONT-SIZE: 8pt" color=#000000>14.2 Describe any relevant changes to the numbers disclosed in item 14.1 above</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_249">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>249</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD align=left width="90%">
<A href="#page_250">
<P style="MARGIN: 6pt 0in" align=justify><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman,serif"><B><FONT style="FONT-SIZE: 8pt" color=#000000>14.3 Describe the Company&#146;s employee compensation policies, detailing:</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_250">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>250</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD align=left width="90%">
<A href="#page_251">
<P style="MARGIN: 6pt 0in" align=justify><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman,serif"><B><FONT style="FONT-SIZE: 8pt" color=#000000>14.4 Describe the relationship between the Company and the unions:</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_251">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>251</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD align=left width="90%">
<A href="#page_252">
<A href="#page_251">
<P style="MARGIN: 6pt 0in" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman,serif"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman"><FONT lang=EN-US face="Times New Roman,serif" color=#000000>15.1/15.2&nbsp;Shareholdings</FONT><FONT lang=EN-US face="Times New Roman,serif" color=#000000>:</FONT></FONT></B></FONT></P>
</A></A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_252">
<A href="#page_251">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>252</FONT></B></FONT></P>
</A></A></TD></TR>
<TR>
     <TD align=left width="90%">
<A href="#page_261">
<P style="MARGIN: 6pt 0in" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman,serif"><B><FONT style="FONT-SIZE: 8pt" color=#000000>15.3&nbsp;Capital distribution</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_261">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>261</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD align=left width="90%">
<A href="#page_262">
<P style="MARGIN: 6pt 0in" align=justify><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman,serif"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman"><FONT lang=EN-US face="Times New Roman,serif" color=#000000>15.4 The Company may add an organization chart of its controlling shareholders, identifying the direct and indirect controlling shareholders and shareholders who own five percent or more of a given class or type of shares</FONT><FONT lang=EN-US face="Times New Roman,serif" color=#000000>.</FONT></FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_262">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>262</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD align=left width="90%">
<A href="#page_263">
<P style="MARGIN: 6pt 0in" align=justify><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman,serif" color=#000000><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman"><FONT lang=EN-US face="Times New Roman,serif" color=#000000>15.5 </FONT><FONT lang=EN-US face="Times New Roman,serif" color=#000000>Information on shareholders&#146; agreements regulating the exercise of voting rights or the transfer of Company&#146;s shares that are filed at the Company&#146;s headquarters and to which the controlling shareholder is a party</FONT><FONT lang=EN-US face="Times New Roman,serif" color=#000000>:</FONT></FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_263">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>263</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD align=left width="90%">
<A href="#page_264">
<P style="MARGIN: 6pt 0in" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman,serif"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman"><FONT lang=EN-US face="Times New Roman,serif" color=#000000>15.6 </FONT><FONT lang=EN-US face="Times New Roman,serif" color=#000000>Material changes in the interests of other members of the Company&#146;s controlling group and management</FONT><FONT lang=EN-US face="Times New Roman,serif" color=#000000>:</FONT></FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_264">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>264</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD align=left width="90%">
<A href="#page_265">
<P style="MARGIN: 6pt 0in" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman,serif" color=#000000><B><FONT style="FONT-SIZE: 8pt">15.7 Other material information:</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_265">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>265</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD align=left width="90%">
<A href="#page_266">
<P style="MARGIN: 6pt 0in" align=justify><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman,serif" color=#000000><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman"><FONT lang=EN-US face="Times New Roman,serif" color=#000000>16.1</FONT> <FONT lang=EN-US face="Times New Roman,serif" color=#000000>Rules, policies and practices of the Company regarding transactions with related parties (as defined by the accounting rules that address this matter)</FONT><FONT lang=EN-US face="Times New Roman,serif" color=#000000>:</FONT></FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_266">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>266</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD align=left width="90%">
<A href="#page_267">
<P style="MARGIN: 6pt 0in" align=justify><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman,serif" color=#000000><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman"><FONT lang=EN-US face="Times New Roman,serif" color=#000000>16.2 Information on transactions with related parties</FONT><FONT lang=EN-US face="Times New Roman,serif" color=#000000>:</FONT></FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_267">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>267</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD align=left width="90%">
<A href="#page_297">
<P style="MARGIN: 6pt 0in" align=justify><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman,serif"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman"><FONT lang=EN-US face="Times New Roman,serif" color=#000000>16.3 In relation to each of the transactions or set of transactions made in the last fiscal year mentioned in item 16.2</FONT><FONT lang=EN-US face="Times New Roman,serif" color=#000000>:</FONT></FONT></B>
</FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_297">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>297</FONT></B></FONT></P>
</A></TD></TR>
<TR height=20>
     <TD align=left width="90%">
<A href="#page_298">
<P style="MARGIN: 6pt 0in" align=justify><FONT style="FONT-VARIANT: small-caps" face="Times New Roman,serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt" color=#000000>17.1&nbsp;General information on the Company&#146;s capital stock</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_298">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>298</FONT></B></FONT></P>
</A></TD></TR>
<TR height=20>
     <TD align=left width="90%">
<A href="#page_299">
<P style="MARGIN: 6pt 0in" align=justify><FONT style="FONT-VARIANT: small-caps" face="Times New Roman,serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt" color=#000000>17.2&nbsp;Increases in Capital Stock</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_299">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>299</FONT></B></FONT></P>
</A></TD></TR>
<TR height=20>
     <TD align=left width="90%">
<A href="#page_300">
<P style="MARGIN: 6pt 0in" align=justify><FONT style="FONT-VARIANT: small-caps" face="Times New Roman,serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt" color=#000000>17.3&nbsp;Information on stock splits, reverse splits and bonus issues</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_300">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>300</FONT></B></FONT></P>
</A></TD></TR>
<TR height=20>
     <TD align=left width="90%">
<A href="#page_301">
<P style="MARGIN: 6pt 0in" align=justify><FONT style="FONT-VARIANT: small-caps" face="Times New Roman,serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt" color=#000000>17.4&nbsp;Information on reductions in capital stock</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_301">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>301</FONT></B></FONT></P>
</A></TD></TR>
<TR height=20>
     <TD align=left width="90%">
<A href="#page_302">
<P style="MARGIN: 6pt 0in" align=justify><FONT style="FONT-VARIANT: small-caps" face="Times New Roman,serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt" color=#000000>17.5&nbsp;Other material information:</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_302">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>302</FONT></B></FONT></P>
</A></TD></TR>
<TR height=20>
     <TD align=left width="90%">
<A href="#page_303">
<P style="MARGIN: 6pt 0in" align=justify><FONT style="FONT-VARIANT: small-caps" face="Times New Roman,serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt" color=#000000>18.1&nbsp;Stock rights</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_303">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>303</FONT></B></FONT></P>
</A></TD></TR>
<TR height=20>
     <TD align=left width="90%">
<A href="#page_304">
<P style="MARGIN: 6pt 0in" align=justify><FONT style="FONT-VARIANT: small-caps" face="Times New Roman,serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt" color=#000000>18.2 Statutory rules that limit the voting rights of key shareholders or that oblige them to hold a public offer for the acquisition of shares</FONT></B></FONT><FONT style="FONT-VARIANT: small-caps" face="Times New Roman,serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt" color=#000000>:</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_304">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>304</FONT></B></FONT></P>
</A></TD></TR>
<TR height=20>
     <TD align=left width="90%">
<A href="#page_305">
<P style="MARGIN: 6pt 0in" align=justify><FONT style="FONT-VARIANT: small-caps" face="Times New Roman,serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt" color=#000000>18.3</FONT></B></FONT><FONT style="FONT-VARIANT: small-caps" face="Times New Roman,serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt" color=#000000>&nbsp; </FONT></B></FONT><FONT style="FONT-VARIANT: small-caps" face="Times New Roman,serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt" color=#000000>Exceptions and restrictive clauses relative to equity or political rights set forth in the bylaws</FONT></B></FONT><FONT style="FONT-VARIANT: small-caps" face="Times New Roman,serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt" color=#000000>:</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_305">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>305</FONT></B></FONT></P>
</A></TD></TR>
<TR height=20>
     <TD align=left width="90%">
<A href="#page_306">
<P style="MARGIN: 6pt 0in" align=justify><FONT style="FONT-VARIANT: small-caps" face="Times New Roman,serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt" color=#000000>18.4 Trading volume and the highest and lowest share prices traded</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_306">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>306</FONT></B></FONT></P>
</A></TD></TR>
<TR height=20>
     <TD align=left width="90%">
<A href="#page_307">
<P style="MARGIN: 6pt 0in" align=justify><FONT style="FONT-VARIANT: small-caps" face="Times New Roman,serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt" color=#000000>18.5 Other securities issued by the Company</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_307">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>307</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD width="90%"></TD>
     <TD width="10%"></TD></TR></TABLE>
<a name="_bclPageBorder5"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader5"></a><DIV>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
</DIV>
<a name="_bclFooter5"></a><DIV>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
</DIV></DIV>
<HR align=center width="100%" noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_6"></A>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD align=left width="90%">
<A href="#page_313">
<P style="MARGIN: 6pt 0in" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman,serif" color=#000000><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman"><FONT face="Times New Roman,serif"><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Times New Roman" color=#000000>18.6 </FONT></FONT><FONT face="Times New Roman,serif"><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Times New Roman" color=#000000>Brazilian markets in which the Company&#146;s securities can be traded</FONT></FONT><FONT face="Times New Roman,serif"><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Times New Roman" color=#000000>:</FONT></FONT></FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_313">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>313</FONT></B></FONT></P>
</A></TD></TR>
<TR height=20>
     <TD align=left width="90%">
<A href="#page_314">
<P style="MARGIN: 6pt 0in" align=justify><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman,serif"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman"><FONT face="Times New Roman,serif"><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Times New Roman" color=#000000>18.7 </FONT></FONT><FONT face="Times New Roman,serif"><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Times New Roman" color=#000000>Securities admitted for trading overseas</FONT></FONT><FONT face="Times New Roman,serif"><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Times New Roman" color=#000000>:</FONT></FONT></FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_314">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>314</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD align=left width="90%">
<A href="#page_315">
<P style="MARGIN: 6pt 0in" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman,serif" color=#000000><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman"><FONT face="Times New Roman,serif"><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Times New Roman" color=#000000>18.8 Public issues held by the Company or by third parties, including parent companies, subsidiaries and affiliated companies, related to the Company&#146;s securities</FONT></FONT><FONT face="Times New Roman,serif"><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Times New Roman" color=#000000>:</FONT></FONT></FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_315">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>315</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD align=left width="90%">
<A href="#page_316">
<P style="MARGIN: 6pt 0in" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman,serif"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman"><FONT face="Times New Roman,serif"><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Times New Roman" color=#000000>18.9 Public offers </FONT></FONT><FONT face="Times New Roman,serif"><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Times New Roman" color=#000000>by the Company for the acquisition of shares issued by third parties</FONT></FONT><FONT face="Times New Roman,serif"><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Times New Roman" color=#000000>:</FONT></FONT></FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_316">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>316</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD align=left width="90%">
<A href="#page_317">
<P style="MARGIN: 6pt 0in" align=justify><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman,serif"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman"><FONT face="Times New Roman,serif"><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Times New Roman" color=#000000>18.10 </FONT></FONT><FONT face="Times New Roman,serif"><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Times New Roman" color=#000000>Other material information</FONT></FONT><FONT face="Times New Roman,serif"><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Times New Roman" color=#000000>:</FONT></FONT></FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_317">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>317</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD align=left width="90%">
<A href="#page_318">
<P style="MARGIN: 6pt 0in" align=justify><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman,serif"><B><FONT style="FONT-SIZE: 8pt"><FONT lang=EN-US face="Times New Roman" color=#000000>19.1 Information on Company share buyback programs</FONT></FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_318">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>318</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD align=left width="90%">
<A href="#page_320">
<A href="#page_319">
<P style="MARGIN: 6pt 0in" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman,serif"><B><FONT style="FONT-SIZE: 8pt"><FONT lang=EN-US face="Times New Roman" color=#000000>19.2 Changes in treasury securities</FONT></FONT></B></FONT></P>
</A></A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_320">
<A href="#page_319">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>320</FONT></B></FONT></P>
</A></A></TD></TR>
<TR>
     <TD align=left width="90%">
<A href="#page_321">
<P style="MARGIN: 6pt 0in" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman,serif"><B><FONT style="FONT-SIZE: 8pt"><FONT lang=EN-US face="Times New Roman" color=#000000>19.3 Information on treasury securities on December 31, 2009</FONT></FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_321">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>321</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD align=left width="90%">
<A href="#page_322">
<P style="MARGIN: 6pt 0in" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman,serif"><B><FONT style="FONT-SIZE: 8pt"><FONT lang=EN-US face="Times New Roman" color=#000000>19.4 Other material information</FONT></FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_322">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>322</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD align=left width="90%">
<A href="#page_323">
<P style="MARGIN: 6pt 0in" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman,serif" color=#000000><B><FONT style="FONT-SIZE: 8pt"><FONT lang=EN-US face="Times New Roman" color=#000000>20.1 Securities trading policY</FONT></FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_323">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>323</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD align=left width="90%">
<A href="#page_324">
<P style="MARGIN: 6pt 0in" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman,serif"><B><FONT style="FONT-SIZE: 8pt"><FONT lang=EN-US face="Times New Roman" color=#000000>20.2 Other material information</FONT></FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_324">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>324</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD align=left width="90%">
<A href="#page_325">
<P style="MARGIN: 6pt 0in" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman,serif" color=#000000><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman"><FONT face="Times New Roman,serif"><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Times New Roman" color=#000000>21.1 Rules, requirements or internal procedures adopted by the Company to ensure that the information to be publicly disclosed is collected, processed and reported in an accurate and timely manner</FONT></FONT><FONT face="Times New Roman,serif"><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Times New Roman" color=#000000>.</FONT></FONT></FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_325">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>325</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD align=left width="90%">
<A href="#page_326">
<P style="MARGIN: 6pt 0in" align=justify><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman,serif" color=#000000><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman"><FONT face="Times New Roman,serif"><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Times New Roman" color=#000000>21.2 The Company&#146;s disclosure p</FONT></FONT><FONT face="Times New Roman,serif"><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Times New Roman" color=#000000>olicy for material acts or facts (including the procedures related to the confidentiality of undisclosed material information</FONT></FONT><FONT face="Times New Roman,serif"><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Times New Roman" color=#000000>):</FONT></FONT></FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_326">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>326</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD align=left width="90%">
<A href="#page_327">
<P style="MARGIN: 6pt 0in" align=justify><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman,serif" color=#000000><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman"><FONT face="Times New Roman,serif"><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Times New Roman" color=#000000>21.3 </FONT></FONT><FONT face="Times New Roman,serif"><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Times New Roman" color=#000000>Officers responsible for the implementation, maintenance, evaluation and monitoring of the information disclosure policy</FONT></FONT></FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_327">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>327</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD align=left width="90%">
<A href="#page_328">
<P style="MARGIN: 6pt 0in" align=justify><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman,serif"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman"><FONT face="Times New Roman,serif"><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Times New Roman" color=#000000>21.4 </FONT></FONT><FONT face="Times New Roman,serif"><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Times New Roman" color=#000000>Other material information</FONT></FONT><FONT face="Times New Roman,serif"><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Times New Roman" color=#000000>:</FONT></FONT></FONT></B>
</FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_328">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>328</FONT></B></FONT></P>
</A></TD></TR>
<TR height=20>
     <TD align=left width="90%">
<A href="#page_329">
<P style="MARGIN: 6pt 0in" align=justify><FONT style="FONT-VARIANT: small-caps" face="Times New Roman,serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt" face="Times New Roman" color=#000000>22.1 The acquisition or sale of any material asset not considered a normal operation in the Company's businesses</FONT></B></FONT><FONT style="FONT-VARIANT: small-caps" face="Times New Roman,serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt" face="Times New Roman" color=#000000>:</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_329">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>329</FONT></B></FONT></P>
</A></TD></TR>
<TR height=20>
     <TD align=left width="90%">
<A href="#page_330">
<P style="MARGIN: 6pt 0in" align=justify><FONT style="FONT-VARIANT: small-caps" face="Times New Roman,serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt" face="Times New Roman" color=#000000>22.2 </FONT></B></FONT><FONT style="FONT-VARIANT: small-caps" face="Times New Roman,serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt" face="Times New Roman" color=#000000>Material changes in the execution of the Company&#146;s businesses</FONT></B></FONT><FONT style="FONT-VARIANT: small-caps" face="Times New Roman,serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt" face="Times New Roman" color=#000000>:</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_330">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>330</FONT></B></FONT></P>
</A></TD></TR>
<TR height=20>
     <TD align=left width="90%">
<A href="#page_331">
<P style="MARGIN: 6pt 0in" align=justify><FONT style="FONT-VARIANT: small-caps" face="Times New Roman,serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt" face="Times New Roman" color=#000000>22.3 </FONT></B></FONT><FONT style="FONT-VARIANT: small-caps" face="Times New Roman,serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt" face="Times New Roman" color=#000000>Relevant contracts signed by the Company and its subsidiaries which are not directly related to its operational activities</FONT></B></FONT><FONT style="FONT-VARIANT: small-caps" face="Times New Roman,serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt" face="Times New Roman" color=#000000>:</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_331">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>331</FONT></B></FONT></P>
</A></TD></TR>
<TR height=20>
     <TD align=left width="90%">
<A href="#page_332">
<P style="MARGIN: 6pt 0in" align=justify><FONT style="FONT-VARIANT: small-caps" face="Times New Roman,serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt" face="Times New Roman" color=#000000>22.4 </FONT></B></FONT><FONT style="FONT-VARIANT: small-caps" face="Times New Roman,serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt" face="Times New Roman" color=#000000>Other material information</FONT></B></FONT><FONT style="FONT-VARIANT: small-caps" face="Times New Roman,serif"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-TRANSFORM: uppercase; LETTER-SPACING: 0.25pt" face="Times New Roman" color=#000000>:</FONT></B></FONT></P>
</A></TD>
     <TD vAlign=bottom align=right width="10%">
<A href="#page_332">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 8pt" color=#000000>332</FONT></B></FONT></P>
</A></TD></TR>
<TR>
     <TD width="90%"></TD>
     <TD width="10%"></TD></TR></TABLE>
<a name="_bclPageBorder6"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader6"></a><DIV>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
</DIV>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
<P style="MARGIN: 0in 3pt 0in 0in">&nbsp;</P>
<P style="MARGIN: 0in 3pt 0in 0in">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter6"></a><DIV>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
</DIV></DIV>
<HR align=center width="100%" noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_7"></A>
<a name="_bclPageBorder7"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader7"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</DIV> <H2 style="MARGIN: 12pt 0in 3pt"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman">1.1 - Declaration and identification of the persons responsible for the content of this form&nbsp; </FONT></I></B></H2>
<P style="MARGIN: 0in 3pt 0in 0in">&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="50%">
<P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Name of the person responsible for the content of the form</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
<P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">PAULO PENIDO PINTO MARQUES</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
<P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Position</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
<P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Investor Relations Officer</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
<P style="MARGIN: 0in 3pt 0in 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=top width="50%">
<P style="MARGIN: 0in 3pt 0in 0in"><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="50%">
<P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Name of the person responsible for the content of the form</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
<P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">BENJAMIN STEINBRUCH</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
<P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Position</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
<P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Chief Executive Officer</FONT></P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 3pt 0in 12pt 0.25in; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="MARGIN: 3pt 0in 12pt 0.25in; TEXT-ALIGN: justify"><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">The above Officers declare that:</FONT></U></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"> </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">&nbsp;</FONT></B></P>
<P style="MARGIN: 3pt 0in 12pt 0.25in; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">a. they have reviewed this reference form;&nbsp; </FONT></B><FONT style="FONT-VARIANT: small-caps"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;</FONT></B></FONT></P>
<P style="MARGIN: 3pt 0in 12pt 0.25in; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Times,serif>b. </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">all the information contained herein is in compliance with CVM Rule 480, particularly articles 14 to 19 of same; </FONT></B><FONT style="FONT-VARIANT: small-caps"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;</FONT></B></FONT></P>
<P style="MARGIN: 3pt 0in 12pt 0.25in; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Times,serif>c. </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">said information gives a true, accurate and complete picture of the Company's economic and financial situation, the risks inherent to its activities and its securities. </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">&nbsp;</FONT></B><FONT style="FONT-VARIANT: small-caps"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;</FONT></B></FONT></P>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter7"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT></FONT>&nbsp;</P>
</DIV>
<P style="TEXT-ALIGN: left">7</P>
</DIV>
<HR align=center width="100%" noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_8"></A>
<a name="_bclPageBorder8"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader8"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</DIV> <H2 style="MARGIN: 12pt 0in 3pt"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman">2.1/2.2 - Identification and compensation paid to the independent auditors:</FONT></I></B></H2>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" 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="50%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face=Times,serif>CVM code</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face=Times,serif>418-9</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face=Times,serif>Name</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face=Times,serif>KPMG Auditores Independentes</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face=Times,serif>Individual Taxpayer&#146;s Registry (CPF) or Corporate Taxpayer&#146;s ID (CNPJ)</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face=Times,serif>57.755.217/0001-29</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face=Times,serif>Services provided on</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face=Times,serif>04/02/2007</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face=Times,serif>Specialist responsible for the services</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face=Times,serif>Anselmo Neves Macedo</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face=Times,serif>Specialist&#146;s CPF (individual taxpayer&#146;s ID)</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face=Times,serif>033.169.788-28</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face=Times,serif>Address</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=PT-BR style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face=Times,serif>Rua Dr. Renato Paes de Barros, 33, 17<SUP>o</SUP> andar, Itaim Bibi, S&#227;o Paulo, SP, Brasil, CEP 04530-940 </FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face=Times,serif>Description of services provided</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face=Times,serif>Audit</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face=Times,serif>Total compensation paid to the independent auditors by service</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">The total amount of compensation paid to KPMG Auditores Independentes for auditing services provided in the fiscal year ended December 31, 2009, was R$4,685 thousand</FONT></P>
</TD></TR></TABLE></DIV> <H2 style="MARGIN: 12pt 0in 3pt"><SUP><B><I><FONT lang=PT-BR style="FONT-SIZE: 7pt" face=Cambria,serif></FONT></I></B></SUP></H2>
<a name="_bclFooter8"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT></FONT>&nbsp;</P>
</DIV>
<P style="TEXT-ALIGN: left">8</P>
</DIV>
<HR align=center width="100%" noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_9"></A>
<a name="_bclPageBorder9"></a><DIV style="PADDING-LEFT: 0%; WIDTH: 100%; PADDING-RIGHT: 0%">
<a name="_bclHeader9"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=PT-BR face="Times New Roman,serif"></FONT>&nbsp;</P>
</DIV> <H2 style="MARGIN: 12pt 0in 3pt"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman">2.3 Other material information:&nbsp; </FONT></I></B></H2>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman,serif">None.&nbsp; </FONT>

</P>
<a name="_bclFooter9"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P>
</DIV>
<P style="TEXT-ALIGN: left">9</P>
</DIV>
<HR align=center SIZE=2 width="100%" noShade>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_10"></A>
<a name="_bclPageBorder10"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader10"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</DIV>
<P style="MARGIN: 0in 0in 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">3.1 - Financial information: </FONT></I></B></P>
<DIV align=left>
<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: 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="25%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">R$</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" vAlign=top width="25%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">December 31, 2009</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" vAlign=top width="25%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">December 31, 2008 </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" vAlign=top width="25%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">December 31, 2007</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 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="25%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">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" vAlign=top width="25%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">5,510,433,000.00</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 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-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">6,662,589,000.00</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 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-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">7,542,261,000.00</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="25%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; 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" vAlign=top width="25%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">29,167,224,000.00</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 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-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">31,497,439,000.00</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 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-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">27,045,454,000.00</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="25%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Net revenues</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 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-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">10,978,364,000.00</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 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-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">14,002,871,000.00</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 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-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">11,440,982,000.00</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="25%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" 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="25%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">4,190,272,000.00</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 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-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">6,979,367,000.00</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 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-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">4,763,092,000.00</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="25%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Net 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="25%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">2,598,665,000.00</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 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-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">5,774,149,000.00</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 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-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">2,922,350,000.00</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="25%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Number of ex-treasury shares (units)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 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-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">728,958,000</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" vAlign=top width="25%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">758,670,000</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" vAlign=top width="25%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">256,490,000</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="25%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Book value per share (R$)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 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-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">7.560000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 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-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">8.780000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 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-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">29.410000</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="25%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Earnings per share</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 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-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">3.560000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 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-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">7.610000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 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-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">11.390000</FONT></P>
</TD></TR></TABLE></DIV> <H2 style="MARGIN: 12pt 0in 3pt"><B><I><FONT style="FONT-SIZE: 14pt" face=Cambria,serif>&nbsp; </FONT></I></B></H2>
<a name="_bclFooter10"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT></FONT>&nbsp;</P>
</DIV>
<P style="TEXT-ALIGN: left">10</P>
</DIV>
<HR align=center width="100%" noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>
<A name=page_11></A>
<a name="_bclPageBorder11"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader11"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<H2 style="MARGIN: 12pt 0in 3pt"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3.2&nbsp; Non-Accounting
Indicators</FONT></I></B></H2>
<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 9.65pt 6pt 0in; TEXT-ALIGN: justify"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">&nbsp;</FONT></I></B><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman Negrito,serif">&nbsp;</FONT></I></B><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">a)
</FONT></I></B><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman Negrito,serif">amount and b) conciliation between the
amounts disclosed and the amounts in the audited financial
statements</FONT></I></B><FONT style="FONT-VARIANT: small-caps"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman Negrito,serif">:</FONT></I></B></FONT></P>
<DIV align=center>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 12.75pt">
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.75pt" vAlign=bottom width="5%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.75pt" vAlign=bottom width="39%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" 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; HEIGHT: 12.75pt" vAlign=bottom width="4%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" 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; HEIGHT: 12.75pt" vAlign=bottom width="19%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif">Consolidated</FONT></P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt" vAlign=top width="15%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" 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; HEIGHT: 12.75pt" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.75pt" vAlign=bottom width="5%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.75pt" width="39%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.75pt" width="4%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" 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; HEIGHT: 12.75pt" width="19%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif">2009</FONT></P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt" width="15%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif">2008</FONT></P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif">2007</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.75pt" vAlign=bottom width="5%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.75pt" vAlign=bottom width="39%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" face="Times New Roman,serif">Net Income for the period</FONT></P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.75pt" vAlign=bottom width="4%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.75pt" vAlign=bottom width="19%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif">2,598,665</FONT></P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.75pt" vAlign=bottom width="15%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif">5,774,149</FONT></P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.75pt" vAlign=bottom width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif">2,922,350</FONT></P></TD></TR>
  <TR style="HEIGHT: 4pt">
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 4pt" vAlign=bottom width="5%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 4pt" vAlign=bottom width="39%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 4pt" vAlign=bottom width="4%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 4pt" vAlign=bottom width="19%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 4pt" vAlign=bottom width="15%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 4pt" vAlign=bottom width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.75pt" vAlign=bottom width="5%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif">(-)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.75pt" vAlign=bottom width="39%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif">Net financial result</FONT></P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.75pt" vAlign=bottom width="4%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.75pt" vAlign=bottom width="19%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif">251,377</FONT></P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.75pt" vAlign=bottom width="15%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif">2,780,731</FONT></P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.75pt" vAlign=bottom width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif">(316,237)</FONT></P></TD></TR>
  <TR style="HEIGHT: 4pt">
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 4pt" vAlign=bottom width="5%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 4pt" vAlign=bottom width="39%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 4pt" vAlign=bottom width="4%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 4pt" vAlign=bottom width="19%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 4pt" vAlign=bottom width="15%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 4pt" vAlign=bottom width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.75pt" vAlign=bottom width="5%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif">(-)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.75pt" vAlign=bottom width="39%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif">Social contribution </FONT></P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.75pt" vAlign=bottom width="4%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.75pt" vAlign=bottom width="19%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif">177,451</FONT></P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.75pt" vAlign=bottom width="15%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif">221,790</FONT></P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.75pt" vAlign=bottom width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif">258,736</FONT></P></TD></TR>
  <TR style="HEIGHT: 4pt">
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 4pt" vAlign=bottom width="5%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 4pt" vAlign=bottom width="39%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 4pt" vAlign=bottom width="4%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 4pt" vAlign=bottom width="19%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 4pt" vAlign=bottom width="15%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 4pt" vAlign=bottom width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.75pt" vAlign=bottom width="5%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif">(-)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.75pt" vAlign=bottom width="39%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif">Income tax</FONT></P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.75pt" vAlign=bottom width="4%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.75pt" vAlign=bottom width="19%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif">513,607</FONT></P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.75pt" vAlign=bottom width="15%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif">733,009</FONT></P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.75pt" vAlign=bottom width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif">755,800</FONT></P></TD></TR>
  <TR style="HEIGHT: 4pt">
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 4pt" vAlign=bottom width="5%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 4pt" vAlign=bottom width="39%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 4pt" vAlign=bottom width="4%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 4pt" vAlign=bottom width="19%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 4pt" vAlign=bottom width="15%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 4pt" vAlign=bottom width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.75pt" vAlign=bottom width="5%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif">(-)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.75pt" vAlign=bottom width="39%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif">Depreciation and amortization</FONT></P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.75pt" vAlign=bottom width="4%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.75pt" vAlign=bottom width="19%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif">787,249</FONT></P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.75pt" vAlign=bottom width="15%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif">840,303</FONT></P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.75pt" vAlign=bottom width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif">1,132,276</FONT></P></TD></TR>
  <TR style="HEIGHT: 4pt">
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 4pt" vAlign=bottom width="5%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 4pt" vAlign=bottom width="39%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 4pt" vAlign=bottom width="4%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 4pt" vAlign=bottom width="19%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 4pt" vAlign=bottom width="15%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 4pt" vAlign=bottom width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.75pt" vAlign=bottom width="5%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif">(-)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.75pt" vAlign=bottom width="39%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif">Equity income</FONT></P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.75pt" vAlign=bottom width="4%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.75pt" vAlign=bottom width="19%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif">_</FONT></P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.75pt" vAlign=bottom width="15%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif">97,212</FONT></P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.75pt" vAlign=bottom width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif">109,684</FONT></P></TD></TR>
  <TR style="HEIGHT: 4pt">
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 4pt" vAlign=bottom width="5%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 4pt" vAlign=bottom width="39%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 4pt" vAlign=bottom width="4%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 4pt" vAlign=bottom width="19%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 4pt" vAlign=bottom width="15%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 4pt" vAlign=bottom width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.75pt" vAlign=bottom width="5%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif">(-)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.75pt" vAlign=bottom width="39%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif">Other net revenue (expenses)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.75pt" vAlign=bottom width="4%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.75pt" vAlign=bottom width="19%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif">(722,148)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.75pt" vAlign=bottom width="15%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif">(3,901,307)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.75pt" vAlign=bottom width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif">7,675</FONT></P></TD></TR>
  <TR style="HEIGHT: 4pt">
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 4pt" vAlign=bottom width="5%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 4pt" vAlign=bottom width="39%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 4pt" vAlign=bottom width="4%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 4pt" vAlign=bottom width="19%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 4pt" vAlign=bottom width="15%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 4pt" vAlign=bottom width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 3pt">
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 3pt" vAlign=bottom width="5%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 3pt" width="39%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif">Adjusted EBITDA</FONT></P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 3pt" width="4%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" 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 2.25pt double; HEIGHT: 3pt" width="19%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif">3,606,201</FONT></P></TD>
    <TD style="PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double; HEIGHT: 3pt" width="15%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif">6,545,889</FONT></P></TD>
    <TD style="PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double; HEIGHT: 3pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif">4,870,284</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 6pt 0in 6pt 32.9pt; TEXT-INDENT: -18.7pt; TEXT-ALIGN: justify"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman Negrito,serif"></FONT></I></B>&nbsp;</P>
<P style="MARGIN: 6pt 0in 6pt 32.9pt; TEXT-INDENT: -18.7pt; TEXT-ALIGN: justify"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman Negrito,serif">c)
Reasons why the Company believes this indicator is more appropriate for the
correct understanding of its financial situation and operating
results</FONT></I></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman Negrito,serif">. </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;</FONT></B></P>
<P style="MARGIN: 6pt 0in 6pt 32.9pt; TEXT-INDENT: -18.7pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Adjusted
EBITDA represents net income (loss) before the financial result, income and
social contribution taxes, depreciation and amortization and other revenue and
expenses. Adjusted EBITDA should not be regarded as an alternative to net income
(loss) as an indicator of the Company&#146;s operating performance or as an
alternative to cash flow as an indicator of liquidity.&nbsp; </FONT></P>
<P style="MARGIN: 6pt 0in 6pt 32.9pt; TEXT-INDENT: -18.7pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Management believes that adjusted EBITDA is a practical measurement of the
Company&#146;s operating performance and enables comparisons with other companies.
However, adjusted EBITDA is not a recognized by Brazilian accounting practices
(Corporation Law or BR GAAP) or US GAAP and the manner in which it is defined or
calculated may vary from company to company. </FONT></P>
<H2 style="MARGIN: 12pt 0in 3pt"><B><I><FONT style="FONT-SIZE: 14pt" face=Cambria,serif>&nbsp; </FONT></I></B></H2>
<a name="_bclFooter11"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">11</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_12></A>
<a name="_bclPageBorder12"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader12"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<H2 style="MARGIN: 12pt 0in 3pt"><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman"><B>3.3&nbsp; Events subsequent to December 31, 2009, that
could have a material effect on the financial statements for fiscal year
2009:&nbsp; </B></FONT></I></FONT></H2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif">None.</FONT></P>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter12"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">12</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_13></A>
<a name="_bclPageBorder13"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader13"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<H2 style="MARGIN: 12pt 0in 3pt"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman">3.4 Policy for the allocation of net income in the last
three fiscal years:</FONT></I></B></H2>
<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: 24.85pt">
    <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; HEIGHT: 24.85pt" width="41%">
      <P style="MARGIN: 6pt 9.65pt 6pt 7.1pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt; TEXT-TRANSFORM: uppercase; FONT-STYLE: normal; LETTER-SPACING: 0pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 24.85pt" width="23%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">2007</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 24.85pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">2008</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 24.85pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">2009</FONT></P></TD></TR>
  <TR style="HEIGHT: 42.25pt">
    <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: 42.25pt" width="41%">
      <P style="MARGIN: 0in 9.65pt 0pt 7.1pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt; FONT-STYLE: normal; LETTER-SPACING: 0pt" face="Times New (W1),serif">a) Rules governing the retention of net
      income</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: 42.25pt" width="59%" colSpan=3>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Pursuant to article 33 of the Company&#146;s
      Bylaws, a minimum of 25% of annual net income, adjusted in accordance with
      Article 202 of Law 6404/76, must be distributed as dividends in each
      fiscal year.</FONT></P></TD></TR>
  <TR style="HEIGHT: 28pt">
    <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: 28pt" width="41%">
      <P style="MARGIN: 0in 9.65pt 0pt 7.1pt; PAGE-BREAK-AFTER: auto; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" face="Times New Roman Negrito,serif">b) Rules governing the payment of
      dividends</FONT></I></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: 28pt" width="59%" colSpan=3>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company distributes dividends in
      accordance with Law 6404/76.</FONT></P></TD></TR>
  <TR style="HEIGHT: 27.7pt">
    <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: 27.7pt" width="41%">
      <P style="MARGIN: 0in 9.65pt 0pt 7.1pt; PAGE-BREAK-AFTER: auto; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" face="Times New Roman Negrito,serif">c) Frequency of dividend
      payments</FONT></I></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: 27.7pt" width="59%" colSpan=3>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Pursuant to the Bylaws, dividends are paid
      annually. Occasionally, interim dividends are also paid. </FONT></P></TD></TR>
  <TR style="HEIGHT: 22.05pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #000000 1px solid; PADDING-TOP: 0in; BORDER-BOTTOM: #000000 1px solid; HEIGHT: 22.05pt" width="41%">
      <P style="MARGIN: 0in 9.65pt 0pt 7.1pt; PAGE-BREAK-AFTER: auto; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" face="Times New Roman Negrito,serif">d)&nbsp; Restrictions on the payment
      of dividends imposed by legislation or special regulations applicable to
      the Company in relation to contracts or legal, administrative or
      arbitration decisions</FONT></I></B></P></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #000000 1px solid; PADDING-TOP: 0in; BORDER-BOTTOM: #000000 1px solid; HEIGHT: 22.05pt" width="23%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Not applicable</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: 22.05pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Not applicable</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: 22.05pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Not
applicable</FONT></P></TD></TR></TABLE></DIV>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter13"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">13</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_14></A>
<a name="_bclPageBorder14"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader14"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<H2 style="MARGIN: 12pt 0in 3pt"><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman"><B>3.5 Summary of dividends paid and net income
retained:</B></FONT></I></FONT></H2>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" 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; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="25%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">R$</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="25%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">December 31,
      2009</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="25%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">December 31,
      2008</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="25%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">December 31,
      2007</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 1pt solid; PADDING-TOP: 0in" vAlign=top width="25%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Adjusted net 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" vAlign=top width="25%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">3,667,486,000.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="25%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">1,928,405,000.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="25%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">2,115,000,000.00</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="25%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Dividends paid as a percentage of adjusted
      net 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" vAlign=top width="25%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">40.900000</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="25%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">86.080000</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="25%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">90.280000</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="25%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Return on 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" vAlign=top width="25%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">47.000000</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="25%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">87.000000</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="25%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">39.000000</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="25%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Total dividends 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" vAlign=top width="25%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">1,820,000,000.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="25%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">1,928,405,000.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="25%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">2,115,000,000.00</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="25%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Net income retained</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="25%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">561,657,000.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="25%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">2,747,121,000.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="25%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">1,097,710,000.00</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="25%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Date retention was approved</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 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-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">April 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" vAlign=top width="25%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">April 30, 2009</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 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-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">April 18,
2008</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 6pt 0in; 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="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" 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; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="25%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Net income
      retained</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Amount</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Payment of
      dividend</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Amount</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Payment of
      dividend</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Amount</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Payment of
      dividend</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="100%" colSpan=8>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Interest on
      equity</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Common 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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="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-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">250,000,000.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">12/29/2009</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-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">268,405,000.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">05/11/2009</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-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">134,919,000.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">01/08/2008</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Common 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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="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-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">70,000,000.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">04/30/2010</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-WEIGHT: normal; 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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="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-WEIGHT: normal; 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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Common 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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="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-WEIGHT: normal; 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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="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-WEIGHT: normal; 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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="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-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">70,672,000.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">05/05/2008</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="100%" colSpan=8>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Mandatory
      dividend</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Common 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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="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-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">642,144,000.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">06/25/2010</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-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">700,628,000.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">04/02/2009</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-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">528,750,000.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">01/08/2008</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Common 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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="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-WEIGHT: normal; 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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="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-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">468,254,000.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">06/26/2009</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-WEIGHT: normal; 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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 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"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Other</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; 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-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; 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-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; 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-WEIGHT: normal; 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; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Common 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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="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-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">857,856,000.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">06/25/2010</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-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">160,000,000.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">11/27/2008</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-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">136,330,000.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">01/08/2008</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Common 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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="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-WEIGHT: normal; 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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="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-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">331,118,000.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">06/26/2009</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-WEIGHT: normal; 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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="13%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Common 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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="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-WEIGHT: normal; 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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="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-WEIGHT: normal; 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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="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-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">1,244,329,000.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">05/05/2008</FONT></P></TD></TR></TABLE></DIV>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter14"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">14</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_15></A>
<a name="_bclPageBorder15"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader15"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<H2 style="MARGIN: 12pt 0in 3pt"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face=Cambria,serif><FONT face="Times New Roman"><I><B>3.6 Dividends declared on
retained income or reserves constituted in previous fiscal
years:</B><B>&nbsp;</B></I></FONT><B>&nbsp;&nbsp; </B></FONT></H2>
<P style="MARGIN: 0in 9.65pt 0pt 7.1pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: 0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: 0pt" face="Times New Roman,serif">No dividends were declared on retained income or
reserves constituted in fiscal years prior to the payment year. </FONT></P>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter15"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">15</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_16></A>
<a name="_bclPageBorder16"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader16"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<H2 style="MARGIN: 12pt 0in 3pt"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman"><B><I>3.7&nbsp; Level of
indebtedness:</I></B></FONT></H2>
<P style="MARGIN: 6pt 0in 6pt 14.2pt; TEXT-ALIGN: justify">&nbsp;</P>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="14%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0in; TEXT-ALIGN: left" align=left><B><FONT style="FONT-SIZE: 9pt; FONT-STYLE: normal" face="Times New Roman,serif">Fiscal Year</FONT></B></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="26%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0in; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 9pt; FONT-STYLE: normal" face="Times New Roman,serif">Total debt, of any nature</FONT></B></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="20%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0in; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt; FONT-STYLE: normal" face="Times New Roman,serif">Type of index</FONT></B></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="20%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0in; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 9pt; FONT-STYLE: normal" face="Times New Roman,serif">Debt Ratio</FONT></B></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="20%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0in; TEXT-ALIGN: left" align=left><B><FONT style="FONT-SIZE: 9pt; FONT-STYLE: normal" face="Times New Roman,serif">Description and reason for using another
      index</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="14%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0in; TEXT-ALIGN: left" align=left><B><FONT style="FONT-SIZE: 9pt; FONT-STYLE: normal" face="Times New Roman,serif">December 31, 2009</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="26%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt; FONT-STYLE: normal" face="Times New Roman,serif">14,363,476,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 9pt; FONT-STYLE: normal" face="Times New Roman,serif">Debt Ratio</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt; FONT-STYLE: normal" face="Times New Roman,serif">4.27801790</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt; FONT-STYLE: normal" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>
<H2 style="MARGIN: 12pt 0in 3pt"><B><I><FONT style="FONT-SIZE: 14pt" face=Cambria,serif>&nbsp; </FONT></I></B></H2>
<a name="_bclFooter16"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">16</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_17></A>
<a name="_bclPageBorder17"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader17"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<H2 style="MARGIN: 12pt 0in 3pt"><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman"><B>3.8 </B></FONT></I></FONT><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman"><B>Company&#146;s total obligations according to maturity
date:</B></FONT></I></FONT></H2>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">December 31,
      2009</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" 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; BACKGROUND: silver; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" 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; BACKGROUND: silver; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" 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; BACKGROUND: silver; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><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; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><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; BACKGROUND: white; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Type of
      debt</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Less than 1
      year</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">1 to 3
      years</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3 to 5
      years</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">More than 5
      years</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Total</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Real
      guarantees</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=bottom width="17%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">21,337,803,00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="17%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">24,293,204,00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="17%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">5,733,052,00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">0.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="16%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">51,364,059,00</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Unsecured
      debt</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=bottom width="17%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,853,312,192,00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="17%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">8,268,949,885,00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="17%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,650,083,576,00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="17%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,839,108,250,00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="16%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">13,611,453,903,00</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><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=bottom width="17%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,874,649,995.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">8,293,243,089.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">1,655,816,628.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">1,839,108,250.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">13,662,817,962.00</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="100%" colSpan=6>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Notes</FONT></B></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 6pt 0in; TEXT-INDENT: 0in; TEXT-ALIGN: justify"><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;
</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; FONT-STYLE: normal" face="Times New Roman,serif">&nbsp;</FONT><I><FONT lang=EN-US style="FONT-SIZE: 9pt" face="Times New Roman,serif">&nbsp;</FONT></I></P>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter17"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">17</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_18></A>
<a name="_bclPageBorder18"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader18"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<H2 style="MARGIN: 12pt 0in 3pt"><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman"><B>3.9 Other relevant information:&nbsp;</B>
</FONT></I></FONT></H2>
<P style="BACKGROUND: white; MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Adjusted net
income for the purpose of dividends and other shareholder payments:&nbsp;
</FONT></P>
<P style="BACKGROUND: white; MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">With the
adoption of Accounting Pronouncement CPC 2 (R1), mentioned in item 10.4 (b) of
this Form, the impact of the exchange variation on net investments in
subsidiaries abroad was reclassified from the financial result to the Parent
Company&#146;s shareholder&#146;s equity. The reclassification had a positive result on
the Company&#146;s 2008 income of R$1,098,605 thousand. However, it is important to
note that this positive effect had no impact on dividend payments in 2008 and
2009.&nbsp; </FONT></P>
<P style="BACKGROUND: white; MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">On February 9,
2010, the Company contracted a loan from Caixa Econ&#244;mica Federal, through the
issue of a bank letter of credit in the amount of one billion Reais
(R$1,000,000,000.00), to be amortized over&nbsp; thirty-six (36)
months.&nbsp;&nbsp;&nbsp; </FONT></P>
<P style="BACKGROUND: white; MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">On May 21, 2010,
the Company guaranteed an Export Credit Note issued by its subsidiary Congonhas
Min&#233;rios S.A. in favor of Banco do Brasil S.A., related to export financing of
two billion Reais (R$2,000,000,000.00), to be amortized over eight (8)
years.</FONT><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"> </FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;</FONT></P>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter18"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">18</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_19></A>
<a name="_bclPageBorder19"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader19"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<H2 style="MARGIN: 12pt 0in 3pt"><B><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face=Cambria,serif>&nbsp;</FONT></I></FONT></B><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face=Cambria,serif><B>&nbsp;</B><FONT face="Times New Roman"><B>4.1 Risk factors
that could influence decisions to invest in the Company's securities:
</B></FONT></FONT></I></FONT></H2>
<DIV align=center>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0in; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="100%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">a) Related to the Company</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: #000000 1px solid; PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #000000 1px solid; PADDING-TOP: 0in; BORDER-BOTTOM: #000000 1px solid" vAlign=top width="100%">
      <P style="MARGIN: 6pt 2.65pt 6pt 0.05in; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt" face=Times,serif>Malfunctioning equipment or
      accidents on the Company&#146;s premises, railways or ports may decrease or
      interrupt production, internal logistics or the distribution of its
      products. The Company does not have insurance policies to cover losses and
      liabilities in connection with operational risks, and may not have
      sufficient insurance coverage for certain other events.
</FONT></I></B></P>
      <P style="MARGIN: 6pt 2.65pt 6pt 0.05in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Times,serif>The steel production process
      depends on certain critical equipment, such as blast furnaces, steel
      converters, continuous casting machines, drills, grinding and filtering
      equipment, ship loaders, and internal logistics and distribution channels
      such as railways and seaports.&nbsp; This equipment and infrastructure may
      be affected in the case of malfunction or damage. In 2006, there was an
      accident involving the gas cleaning system adjacent to Blast Furnace No. 3
      at the Presidente Vargas steelworks, which prevented the Company from
      operating this blast furnace for approximately six months and resulted in
      losses of approximately US$520 million, all of which was reimbursed by the
      insurers. Similar or any other significant interruptions in the production
      process, internal logistics or distribution channels could have a material
      and adverse affect on the Company.</FONT></P>
      <P style="MARGIN: 6pt 2.65pt 6pt 0.05in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Times,serif>The Company&#146;s insurance policies
      for losses in connection with operating risks, covering damage to the
      installations linked to the Presidente Vargas Steelworks, including damage
      to port equipment and installations, as well as lost earnings, expired on
      February 22, 2009, and it is currently negotiating new insurance policies.
      &nbsp;&nbsp;</FONT></P>
      <P style="MARGIN: 6pt 2.65pt 6pt 0.05in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The lack of insurance
      coverage for operational risks exposes the Company to possible major
      obligations if accidents were to occur or if business were to be
      interrupted, which </FONT><FONT style="FONT-SIZE: 10pt" face=Times,serif>could have a material and adverse affect on
      it</FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">.
      </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="100%">
      <P style="MARGIN: 6pt 2.65pt 6pt 4.3pt; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company&#146;s
      governance and compliance processes may fail to prevent regulatory
      penalties and reputational harm.</FONT></I></B><B><I><FONT style="FONT-SIZE: 10pt" face=Calibri,sans-serif> </FONT></I></B><FONT style="FONT-SIZE: 10pt" face=Calibri,sans-serif>&nbsp;&nbsp;</FONT></P>
      <P style="MARGIN: 6pt 2.65pt 6pt 4.3pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company operates
      in a global environment, and its activities straddle multiple
      jurisdictions and complex regulatory frameworks with increased enforcement
      activities worldwide. Its governance and compliance processes may fail to
      prevent future breaches of law, accounting or governance standards. It may
      also be subject to breaches of its Code of Ethics, business conduct
      protocols and instances of fraudulent behavior and dishonesty by its
      employees, contractors or other agents. The Company&#146;s failure to comply
      with applicable laws and other standards could subject it to fines, loss
      of operating licenses and reputational harm, which </FONT><FONT style="FONT-SIZE: 10pt" face=Calibri,sans-serif>could have a material and
      adverse affect on it.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="100%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company may be unable to successfully
      conclude proposed acquisitions or integrate acquired businesses.
      &nbsp;&nbsp;</FONT></P>
      <P style="MARGIN: 0in 2.65pt 10pt 4.3pt; TEXT-INDENT: 0.1pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">From time to time,
      the Company may evaluate acquisition opportunities that would
      strategically fit its business objectives. If it is unable to complete
      acquisitions, or successfully integrate and develop these businesses to
      generate revenue growth and cost savings, its financial result may be
      adversely affected. In addition, it may incur asset impairment charges
      related to acquisitions, which may reduce its profitability. Finally, its
      acquisition activities may present financial, managerial and operational
      risks, including diversion of management attention from existing core
      businesses; difficulties in integrating or separating personnel and
      financial and other systems; adverse effects on existing supplier or
      customer relations; inaccurate estimates of fair value when recognizing
      the acquisition or&nbsp; amortization of acquired intangible assets, which
      may lead to a reduction in future reported income; the loss of key clients
      or employees of the acquired companies; and indemnities and potential
      disputes with the buyers or sellers. Any of these factors may affect the
      Company, its financial situation or its operating
results.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="100%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company has experienced labor disputes in
      the past that have disrupted its operations, and such disputes may recur.
      &nbsp;&nbsp;</FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">A substantial number of the Company&#146;s
      employees and some of the employees of its subcontractors are represented
      by labor unions and are covered by collective bargaining or other labor
      agreements, which are subject to periodic renegotiation.&nbsp; Strikes and
      other labor disruptions at any of its facilities or labor disruptions
      involving third parties who may provide it with goods or services, have in
      the past and may in the future materially and adversely affect the
      operation of facilities, or the timing of completion and the cost of its
      projects. </FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center></DIV>
<a name="_bclFooter19"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">19</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_20></A>
<a name="_bclPageBorder20"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader20"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<DIV align=center>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: #000000 1px solid" vAlign=top width="100%">
      <P style="MARGIN: 6pt 2.65pt 6pt 4.3pt; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">New environmental
      requirements, more rigorous interpretations of existing environmental
      requirements, or obligations related to the investigation and/or cleaning
      of contaminated areas may adversely affect the Company&#146;s operating
      results.&nbsp; </FONT></I></B></P>
      <P style="MARGIN: 6pt 2.65pt 6pt 4.3pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">In regard to its
      operations, the Company is subject to numerous federal, state and
      municipal environmental laws and regulations governing, among other
      matters, the obtaining and maintenance of environmental licenses, controls
      over gas emissions, and the disposal of liquid effluents and solid waste,
      as well as the handling, disposal and treatment of hazardous waste. Any
      failure on its part to comply with these laws and regulations may result
      in civil or criminal sanctions, closure orders and, in certain
      circumstances, the need to investigate or clean any contaminated areas.
      Consequently, any new environmental requirements, more rigorous
      interpretations of existing environmental requirements, or obligations
      related to the investigation and/or cleaning of contaminated areas may
      substantially affect its business and/or operations. The Company may also
      incur additional costs and/or expenses related to compliance with
      environmental requirements resulting from any eventual acquisitions it may
      undertake. </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 0in; PADDING-LEFT: 0in; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="100%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">b) Related&nbsp; to the Company&#146;s direct or
      indirect controlling shareholders or controlling group </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company&#146;s controlling shareholder has the
      ability to direct its business and affairs and its interests may conflict
      with the interests of the Company.&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Among other matters, the Company&#146;s
      controlling shareholder has the power to elect a majority of its directors
      and determine the outcome of any action requiring shareholder approval,
      including transactions with related parties, corporate restructurings,
      asset disposals, and the timing and payment of future dividends, subject
      to the minimum dividend payment requirements imposed by Brazilian
      Corporation Law. In addition, its controlling shareholder may have an
      interest in acquisitions, disposals, financings or similar transactions
      that conflict with the interests of the Company&#146;s common and preferred
      shareholders and ADS-holders.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 0in; PADDING-LEFT: 0in; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="100%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">c) Related to the Company&#146;s shareholders
      </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="100%">
      <P style="MARGIN-TOP: 6pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">A significant depreciation of the Company&#146;s
      common shares may cause its pension fund to have a deficit of plan assets
      over pension benefit obligations.&nbsp; </FONT></P>
      <P style="MARGIN-TOP: 6pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company is the principal sponsor of Caixa
      Beneficente dos Empregados da CSN, or CBS, its employee pension plan. On
      December 31, 2009, CBS invested a significant portion of its portfolio in
      the Company&#146;s common shares and held 4.70% of its capital. As a result,
      CBS&#146;s ability to honor its pension obligations is subject to fluctuations
      in the market value of its assets, including fluctuations in the market
      price of the Company&#146;s common shares</FONT></P>
      <P style="MARGIN-TOP: 6pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">On December 31, 2009, CBS had a surplus of
      plan assets over pension benefit obligations totaling US$528 million.
      CBS&#146;s funding status is affected by, among other factors, fluctuations in
      the market value of its assets, which totaled US$2,199 million on December
      31, 2009, while its accumulated and projected benefit obligations totaled
      US$1,671 million.&nbsp;&nbsp;&nbsp; </FONT></P>
      <P style="MARGIN-TOP: 6pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">In the event of a depreciation of the
      Company&#146;s common shares, CBS may record a deficit, with a considerable
      adverse impact on its ability to fulfill its obligations. In this case,
      the Company may have to make substantial contributions to the fund to meet
      its benefit obligations, which may have a material and adverse effect on
      it.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="100%">
      <P style="MARGIN-TOP: 6pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;Holders of American Depositary Shares
      may not be able to exercise their voting rights.&nbsp;&nbsp;&nbsp;
      </FONT></P>
      <P style="MARGIN-TOP: 6pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">ADS-holders may only exercise their voting
      rights with respect to the underlying common shares in accordance with the
      provisions of the deposit agreement, under which ADS-holders must vote by
      giving voting instructions to the depositary institution. Upon receipt of
      the ADS-holder&#146;s voting instructions, the depositary institution will vote
      the underlying common shares in accordance with these instructions.
      Otherwise, ADS-holders will not be able to exercise their right to vote
      unless they surrender their ADSs for cancellation in exchange for the
      Company&#146;s common shares. Pursuant to the Company&#146;s Bylaws, the first call
      for a shareholders&#146; meeting must be published at least 15 days in advance
      of the meeting and the second call at least eight days in advance of the
      meeting. When a shareholders&#146; meeting is convened, ADS-holders may not
      receive sufficient advance notice to surrender their ADSs in exchange for
      the underlying common shares to allow them to vote on any specific matter.
      If The Company asks for voting instructions, the depositary institution
      will notify ADS-holders of the upcoming vote and will arrange to deliver
      the proxy instrument. The Company cannot ensure that ADS-holders will
      receive the proxy instrument in time for them to instruct the depositary
      institution to vote the shares. In addition, the depositary institution
      and its agents are not liable for failing to carry out voting instructions
      or for the manner of carrying out voting instructions. As a result,
      ADS-holders may not be able to exercise their voting
  rights.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="100%">
      <P style="MARGIN-TOP: 6pt; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt" face=Times,serif>The relative volatility and
      illiquidity of the Brazilian securities markets may substantially limit
      the ability of holders of common shares or American Depositary Shares to
      sell them at the price and time they desire</FONT></I></B><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">.
      </FONT></I></B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;</FONT></P>
      <P style="MARGIN-TOP: 6pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Times,serif>Investing in securities that are
      traded in emerging markets, such as Brazil, often involves greater risk
      than investing in securities of issuers in the United States, and such
      investments are generally considered to be more speculative in
      nature</FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">.</FONT><FONT style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman,serif"> </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">T</FONT><FONT style="FONT-SIZE: 10pt" face=Times,serif>he Brazilian securities market is substantially smaller,
      less liquid, more concentrated and can be more volatile than major
      securities markets in the United States</FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">. </FONT><FONT style="FONT-SIZE: 10pt" face=Times,serif>Accordingly, although ADS-holders
      are entitled to withdraw the common shares underlying their ADSs from the
      depositary institution at any time, their ability to sell these shares at
      the desired price and time may be substantially limited</FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">. </FONT><FONT style="FONT-SIZE: 10pt" face=Times,serif>There is also significantly
      greater concentration in the Brazilian securities market than in major
      securities markets in the United States</FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">. </FONT><FONT style="FONT-SIZE: 10pt" face=Times,serif>The ten largest companies in
      terms of market capitalization represented 52.5% of the BM&amp;FBOVESPA&#146;s
      total market capitalization on December 31, 2009</FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">. </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="100%">
      <P style="MARGIN-TOP: 6pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Holders of American Depositary Shares may be
      unable to exercise preemptive rights with respect to the Company&#146;s common
      shares.&nbsp;&nbsp; </FONT></P>
      <P style="MARGIN-TOP: 6pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company may not be able to offer its
      common shares to U.S. ADS-holders pursuant to preemptive rights granted to
      holders of its common shares in connection with any future issuance of its
      common shares unless a registration statement under the Securities Act is
      effective with respect to such shares and preemptive rights, or an
      exemption from the registration requirements of the Securities Act is
      available. The Company is not obligated to file a registration statement
      relating to preemptive rights with respect to its common shares, and
      cannot assure holders of its common shares that it will file any such
      registration statement. If such a registration statement is not filed and
      an exemption from registration does not exist, JPMorgan Chase Bank, as the
      depositary institution, will attempt to sell the preemptive rights, and
      ADS-holders will be entitled to receive the proceeds of this sale.
      However, these preemptive rights will expire if the depositary institution
      does not sell them, and U.S. ADS-holders will not realize any value from
      the granting of such preemptive rights. </FONT></P></TD></TR>
  <TR style="HEIGHT: 148.8pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 148.8pt" vAlign=top width="100%">
      <P style="MARGIN-TOP: 6pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Substantial sales of the Company&#146;s common
      shares and American Depositary Receipts could cause their price to
      decrease significantly.&nbsp; </FONT></P>
      <P style="MARGIN-TOP: 6pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The sale of a substantial number of common
      shares, or the belief that this may occur, could decrease the trading
      price of the Company&#146;s common shares and ADSs.&nbsp; Holders of its common
      shares and/or ADSs may not be able to sell their securities at or above
      the price they paid for them.&nbsp; </FONT></P>
      <P style="MARGIN-TOP: 6pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company&#146;s pension fund CBS invests
      heavily in the Company&#146;s common shares, holding 4.70% of its capital stock
      on December 31, 2009. Brazilian government authorities are discussing
      regulatory limits on investments by pension funds in the shares of related
      parties with CBS and other pension funds. As a result, CBS may be required
      to diversify its portfolio, which, if not done in an organized manner, may
      cause a substantial amount of the Company&#146;s common shares to be sold in
      the market, with an adverse affect on their trading
  price.</FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter20"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">20</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_21></A>
<a name="_bclPageBorder21"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader21"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<DIV align=center>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0in; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="100%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">d) In relation to the Company&#146;s subsidiaries
      and affiliated companies </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="100%">
      <P style="MARGIN: 6pt 2.65pt 6pt 4.3pt; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Some of the Company&#146;s
      operations depend on joint ventures, consortia and other cooperative
      arrangements, so its business may be adversely affected if its partners
      fail to comply with their commitments.&nbsp; </FONT></I></B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;</FONT></P>
      <P style="MARGIN: 6pt 2.65pt 6pt 4.3pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Part of the Company&#146;s
      business is conducted through joint ventures with other companies. The
      Company has established a joint venture with an Asian consortium in
      Nacional Min&#233;rios S.A., a jointly-owned subsidiary in which it holds a 60%
      interest, for the mining of iron ore; a joint venture with other Brazilian
      steel and mining companies in MRS Log&#237;stica S.A. for the exploration of
      rail transport in the Northeast of Brazil; and a joint venture with
      Tractebel in It&#225; Energ&#233;tica S.A., for the generation of electricity.&nbsp;
      </FONT></P>
      <P style="MARGIN: 6pt 2.65pt 6pt 4.3pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company&#146;s
      forecasts and plans for these joint ventures and consortia assume that its
      partners will observe their obligations in regard to capital transfers,
      the purchase of products and, in certain cases, the provision of
      managerial personnel or financing. In addition, many of the projects
      contemplated by its joint ventures or consortia rely on financing
      commitments, which contain certain preconditions for each disbursement. If
      any of the partners fail to comply with their commitments or with all the
      preconditions required under the Company&#146;s financing commitments, the
      joint venture, consortium or other project in question may not be able to
      operate in accordance with its business plan, or the Company may have to
      increase the level of its investment to implement this plan. Any of these
      events may have a substantial adverse effect on it.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 0in; PADDING-LEFT: 0in; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="100%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">e) In relation to the Company&#146;s
      suppliers</FONT></P></TD></TR>
  <TR style="HEIGHT: 3.2pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 3.2pt" vAlign=top width="100%">
      <P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The availability and
      the price of raw materials necessary to produce steel, particularly coal
      and coke, may adversely affect the Company&#146;s results and operations.&nbsp;
      </FONT></P>
      <P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">In 2009, raw material
      costs accounted for 49% of total production costs. The Company&#146;s main raw
      materials include iron ore, coal, coke (a portion of which is produced
      from coal), limestone, dolomite, manganese, zinc, tin and aluminum. The
      Company depends on third parties for some of its raw material
      requirements, such as coal and coke. In addition, it imports all the coal
      required to produce coke and part of its coke requirements.&nbsp;
      </FONT></P>
      <P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Global developments,
      for example the dramatic increase in Chinese and Indian demand for raw
      materials used in steel manufacturing in 2008 may cause severe shortages
      and/or substantial price increases in key raw materials and seaborne
      transportation capacity. The Company&#146;s inability to pass those cost
      increases on to its customers or to meet its customers&#146; demands because of
      non-availability of key raw materials may cause a material adverse effect
      on it. &nbsp; </FONT></P>
      <P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">In addition, the
      Company may be materially and adversely affected by any prolonged
      interruption in the supply of raw materials or energy, or substantial
      increases in their cost. These interruptions may be a result of changes in
      laws or trade regulations, the availability and cost of transportation,
      suppliers&#146; allocations to other purchasers, interruptions in production by
      suppliers or accidents or similar events on suppliers&#146; premises or along
      the supply chain.</FONT></P>
      <P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Interruptions in the
      supply of natural gas and power transmission grid may adversely affect the
      Company&#146;s business, financial situation and operating results.&nbsp;
      </FONT></P>
      <P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 6pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company requires
      significant amounts of energy in the form of natural gas and electricity
      to power its plant and equipment. It purchases natural gas from
      distributors who in turn acquire it from Petr&#243;leo Brasileiro S.A. &#150;
      Petrobras (Brazil&#146;s sole producer and supplier of natural gas). Petrobras,
      in turn, is heavily dependent on the supply of natural gas from Bolivia.
      On May 1, 2006, the president of Bolivia announced the nationalization of
      the country&#146;s gas reserves. The long-term effects of this measure on the
      supply of natural gas in Brazil are still uncertain. The events in Bolivia
      could disrupt supply to Petrobras or lead to an additional price increase.
      Any resulting interruption or reduction in supply by Petrobras to the
      distributors from which the Company acquires its natural gas, or a
      significant price increase, may negatively affect production and
      production costs, and consequently have a material adverse effect on
      it.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 0in; PADDING-LEFT: 0in; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="100%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">f) In relation to the
      Company&#146;s clients</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company has no
      control over adverse situations that may affect its clients.&nbsp;
      </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company&#146;s clients
      may suffer from adverse economic and/or financial situations, in turn
      affecting its results. However, no client in the domestic or international
      market accounts for more than 10% of its total net
  revenue.</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center></DIV>
<a name="_bclFooter21"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">21</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_22></A>
<a name="_bclPageBorder22"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader22"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<DIV align=center>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-RIGHT: #000000 1px solid; PADDING-RIGHT: 0in; BORDER-TOP: #000000 1px solid; PADDING-LEFT: 0in; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: #000000 1px solid; PADDING-TOP: 0in; BORDER-BOTTOM: #000000 1px solid" vAlign=top width="100%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">g) In relation to the
      Company&#146;s operating segment</FONT></P></TD></TR>
  <TR style="HEIGHT: 47.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 47.75pt" vAlign=top width="100%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company is
      exposed to substantial changes in steel and iron ore demand, which has a
      considerable impact on the price of its products.&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The steel and mining
      industries are highly cyclical, both in Brazil and abroad. Should the
      Brazilian economy be unable to absorb its entire steel production
      capacity, the Company may depend on steel product exports, as in 2005 and
      2006, for example. Demand for its steel and mining products (international
      commodities) and, thus, the financial situation and operating results of
      companies in the steel and mining industries, including the Company, are
      generally affected by oscillations in the global economy and the economies
      of the steel-producing countries, including trends in the automotive,
      construction, home appliance, packaging and distribution industries. In
      recent years, international steel and iron ore prices have been at
      historically high levels, but in 2009 they fell due to lower domestic
      demand and the effects of the 2008 global financial crisis. In addition,
      reduced demand can lead to overcapacity and excessive downtime and
      therefore reduced operating profitability. Any relevant decline in the
      demand for steel in its domestic or export markets could have a material
      adverse effect on the Company.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="100%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company faces
      significant competition, including price competition and competition from
      other domestic or foreign producers, which may adversely affect its
      profitability and market share.&nbsp; &nbsp;&nbsp;</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The global steel
      industry is highly competitive with respect to price. Brazil exports steel
      products and is influenced by several factors: the protectionist policies
      of other countries, WTO strictures, the Brazilian government&#146;s exchange
      rate policy and global economic growth. In addition, the continuing
      advances in materials sciences and technologies have given rise to
      improvements in products such as plastics, aluminum, ceramics and glass
      that permit them to substitute steel. Due to high start-up costs, the
      economics of operating a steelworks on a continuous basis may encourage
      mill operators to maintain high levels of output, even in times of low
      demand, which increases the pressure on industry profit margins. In
      addition, downward pressure on steel prices by the Company&#146;s competitors
      may affect its profitability.&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The steel industry is
      also highly competitive with respect to product quality and customer
      service, as well as technological advances that enable steel manufacturers
      to reduce their production costs. Steelmakers in Brazil already face
      strong competition from imports and this may become even stronger due to
      increases in foreign steel installed capacity, the appreciation of the
      real against the U.S. dollar and a reduction in domestic steel demand in
      other markets. &nbsp;&nbsp;</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Over the past three
      years, China has become a major steel exporter. If the Company is unable
      to remain competitive in relation to China or other competitive
      steel-producing countries, it may be materially and adversely affected in
      the future.&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">In response to the
      increase in Brazilian steel imports at highly competitive or subsidized
      prices, in 2007 the Brazilian government reinstated Mercosur&#146;s Common
      External Tariff (TEC) on certain steel products in order to defend the
      domestic steel industry. These tariffs had been reduced to zero in 2005 as
      part of the &#147;list of TEC exceptions&#148; permitted by the Mercosur agreement.
      The Brazilian government may reduce these tariffs again by December 2011.
      If they do so, the Company will face more competition from imported steel
      products and its operating results may be adversely affected.&nbsp;
      </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Other factors also
      influence its competitiveness, including efficiency and operational
      ratios, and the availability, quality and cost of raw materials and
      labor.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="100%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company&#146;s
      projects are subject to risks that may result in increased costs or delay
      or prevent their successful implementation.&nbsp;&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company is
      investing to further increase its steel, mining and cement production
      capacity, as well as its logistics capabilities. Its expansion and
      projects are subject to a number of risks that may adversely affect its
      growth prospects and profitability, including the following:&nbsp;&nbsp;
      </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company may
      encounter delays or higher-than-expected costs in obtaining the necessary
      equipment or services to build and operate a project.
      &nbsp;&nbsp;&nbsp;</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Its efforts to
      develop projects according to schedule may be hampered by a lack of
      infrastructure, including a reliable power supply;&nbsp;&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It may fail to
      obtain, or experience delays or higher-than-expected costs in obtaining
      the required permits and/or regulatory approvals to build a project;
      and&nbsp;&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Changes in market
      conditions or regulations may make a project less profitable than expected
      at the time the Company began work on it.&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company may be
      adversely affected by any single factor or a combination of those factors
      described above.</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center></DIV>
<a name="_bclFooter22"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">22</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_23></A>
<a name="_bclPageBorder23"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader23"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<DIV align=center>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="100%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company&#146;s mineral
      reserve estimates may differ materially from the volume it can&nbsp;
      actually recover; its estimates of mine life may prove inaccurate; and
      market price fluctuations and changes in operating and capital costs may
      render certain ore reserves uneconomical to mine. &nbsp;&nbsp;</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company&#146;s
      reported ore reserves are estimated quantities of ore and minerals that it
      has determined can be economically mined and processed under present and
      anticipated conditions to extract their mineral content. There are
      numerous uncertainties inherent to estimating volumes of reserves and
      projecting potential future rates of mineral production, including many
      factors beyond the Company&#146;s control. Reserve engineering involves
      estimating deposits of minerals that cannot be measured in an exact
      manner, and the accuracy of any reserve estimate is a function of the
      quality of the available data and engineering and geological
      interpretation and judgment. As a result, no assurance can be given that
      the indicated amount of ore will be recovered or that it will be recovered
      at the rates the Company anticipates. Different engineers&#146; estimates may
      vary and the results of its mining and production subsequent to the date
      of an estimate may lead to a revision of said estimate. Reserve estimates
      and estimates of mine life may require revision based on actual production
      experience and other factors. For example, fluctuations in the market
      prices of minerals and metals, reduced recovery rates or increased
      operating and capital costs due to inflation, exchange rates or other
      factors may render proven and probable reserves uneconomic to exploit and
      may ultimately result in a restatement of reserves.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="100%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company may not
      be able to adjust its mining production volume in a timely or
      cost-efficient manner in response to changes in demand.
      &nbsp;&nbsp;</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">In 2009, revenues
      from the Company&#146;s mining business accounted for 17% of its consolidated
      net revenues. Its ability to rapidly increase production capacity is
      limited, which could render it unable to fully satisfy demand for its
      products when demand is higher. When demand exceeds its production
      capacity, the Company may meet this excess by purchasing iron ore from
      unrelated parties and reselling it, increasing its costs and reducing its
      operating margins. If the Company is unable to satisfy excess demand in
      this way, it may lose customers. In addition, operating close to full
      capacity may expose it to higher costs, including demurrage fees due to
      capacity restraints in its logistics systems.&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Conversely, operating
      at significant idle capacity during periods of weak demand may expose it
      to higher unit production costs since a significant portion of its cost
      structure is fixed in the short term due to the high capital intensity of
      mining operations. In addition, efforts to reduce costs during periods of
      weak demand could be limited by labor regulations or existing labor or
      government agreements.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="100%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Drilling and
      production risks could adversely affect the Company&#146;s mining
      process.&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Once mineral deposits
      are discovered, it can take a number of years from the initial drilling
      phases until production is possible, during which the economic feasibility
      of production may change. Substantial time and expenditures are required
      to:&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Establish mineral
      reserves through drilling;&nbsp;&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Determine appropriate
      mining and metallurgical processes for optimizing the recovery of metal
      contained in the ore;&nbsp;&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Obtain environmental
      and other licenses;&nbsp;&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Construct mines and
      the necessary processing facilities and infrastructure for greenfield
      properties; and&nbsp;&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Obtain the ore or
      extract the minerals from the ore.&nbsp;&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">If a project proves
      not to be economically feasible by the time the Company is able to exploit
      it, it may incur substantial write-offs. In addition, potential changes or
      complications involving metallurgical and other technological processes
      arising during the life of a project may result in cost overruns,
      rendering the project economically
unfeasible.</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center></DIV>
<a name="_bclFooter23"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">23</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_24></A>
<a name="_bclPageBorder24"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader24"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<DIV align=center>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-RIGHT: #000000 1px solid; PADDING-RIGHT: 0in; BORDER-TOP: #000000 1px solid; PADDING-LEFT: 0in; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: #000000 1px solid; PADDING-TOP: 0in; BORDER-BOTTOM: #000000 1px solid" vAlign=top width="100%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">h) In relation to regulations in the
      Company&#146;s business sector </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="100%">
      <P style="MARGIN: 6pt 3.35pt 6pt 4.3pt; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company may be
      adversely affected by government measures.</FONT></I></B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 3.35pt 6pt 4.3pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company&#146;s
      activities depend on authorizations and concessions from the governmental
      regulatory agencies in the countries where it operates. If these laws and
      regulations change, the Company may be required to modify its technologies
      and operations, resulting in unexpected capital expenditures. It may
      therefore be materially and adversely affected by the loss of any such
      authorization or changes in the regulatory framework it operates in.&nbsp;
      </FONT></P>
      <P style="MARGIN: 6pt 3.35pt 6pt 4.3pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Mining is subject to
      government regulation in the form of taxes and royalties, which can have
      an important financial impact on the Company&#146;s operations. In the
      countries where the Company operates, governments may impose new taxes,
      raise existing taxes and royalties, or change the basis on which they are
      calculated in a manner unfavorable to us.&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 3.35pt 6pt 4.3pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Furthermore, in
      response to increased steel production and exports by many countries,
      anti-dumping, countervailing duty and safeguard measures were imposed in
      the late 1990s and early 2000s by governments in the Company&#146;s main
      foreign markets at that time. Some of these restrictions are still in
      force, such as those on exports of hot-rolled products from Brazil to the
      United States, Canada and Argentina and those imposed by the European
      Union on exports of certain chemicals contained in products used to
      protect or package steel products, effective as of January 2009. These and
      other restrictions could materially and adversely affect the Company,
      especially given its reliance on iron ore and steel
  exports.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="100%">
      <P style="MARGIN: 6pt 3.35pt 6pt 5pt; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">New or more stringent
      environmental and health regulations imposed on the Company may result in
      increased liabilities and capital expenditures. </FONT></I></B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;</FONT></P>
      <P style="MARGIN: 6pt 3.35pt 6pt 5pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company&#146;s
      steelmaking, mining, cement and logistics facilities are subject to a
      broad range of laws, regulations and permit requirements in Brazil
      relating mainly to health and the environment. Brazilian pollution
      standards are expected to continue to change, including the introduction
      of new effluent and air emission standards and solid-waste-handling
      regulations. New or more stringent health and environmental standards
      imposed on the Company (including measures seeking to address global
      warming) may result in increased capital expenditures. The Company could
      also be exposed to civil penalties, criminal sanctions and closure orders
      for non-compliance with these regulations. Waste disposal and emission
      practices may result in the need for it to clean up or retrofit its
      facilities at substantial cost and/or could result in substantial
      liabilities. Environmental legislation restrictions imposed by foreign
      markets to which the Company export its products may also materially and
      adversely affect the Company and its exports.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 0in; PADDING-LEFT: 0in; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="100%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">i) In relation to foreign countries where the
      Company operates</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="100%">
      <P style="MARGIN: 0in 3.5pt 0pt 5pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Adverse economic developments in China could
      have a negative impact on the Company&#146;s revenues, cash flow and
      profitability.&nbsp; </FONT></P>
      <P style="MARGIN: 0in 3.5pt 0pt 5pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">China has been the main driver of global
      demand for minerals and metals in recent years. In 2009, Chinese demand
      represented 68% of global demand for seaborne iron ore. In the same year,
      56% of the Company&#146;s revenues from iron ore exports, which accounted for
      95% of its total revenues from iron ore, came from China. A slowing of
      China&#146;s economic growth could reduce demand for its products, leading to
      lower revenues, cash flow and profitability. A poor performance by the
      Chinese real estate sector, one of the largest consumers of carbon steel
      in China, could also negatively impact its
  results.</FONT></P></TD></TR></TABLE></DIV>
<H2 style="MARGIN: 12pt 0in 3pt"><B><I><FONT style="FONT-SIZE: 14pt" face=Cambria,serif>&nbsp; </FONT></I></B></H2>
<a name="_bclFooter24"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">24</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_25></A>
<a name="_bclPageBorder25"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader25"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<H2 style="MARGIN: 12pt 0in 3pt"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">4.2 Expectations regarding a decrease or increase
in the Company&#146;s exposure to relevant risks:&nbsp; </FONT></I></B></H2>
<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">The Company has no control
over the variables to which it is exposed, and these may vary in either
direction. It therefore has no expectations regarding a decrease or increase in
risk for many of the risks mentioned in this Reference Form. Nevertheless, it
continues to monitor risk factors, responding according to the
circumstances.</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; </FONT></P>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter25"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">25</P></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>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P></DIV>
<H2 style="MARGIN: 12pt 0in 3pt"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">4.3 Non-confidential and material lawsuits,
administrative or arbitration proceedings to which the Company or its
subsidiaries are party:&nbsp; </FONT></I></B></H2>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company and its subsidiaries are parties to
civil, administrative, labor, fiscal, civil and environmental proceedings.&nbsp;
</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">i. Labor proceedings </FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">There are no labor proceedings deemed material for
the Company&#146;s business. </FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">ii. Fiscal proceedings&nbsp; </FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">THE COMPANY AS PLAINTIFF: </FONT></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: 45.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: navy; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 45.75pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>Proceedings</FONT></P></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: #000000 1px solid; PADDING-LEFT: 3.5pt; BACKGROUND: navy; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #000000 1px solid; HEIGHT: 45.75pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>a) Court</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: navy; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 45.75pt" width="8%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>b) Instance</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: navy; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 45.75pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>c ) Date of
      Institution</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: navy; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 45.75pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>d) Parties to the
      process</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: navy; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 45.75pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>e) Values, assets or other
      rights involved</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: navy; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 45.75pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>f) Main facts</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: navy; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 45.75pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>g) Chances&nbsp; of losing
      </FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: navy; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 45.75pt" width="8%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>h) Impact if the Company
      loses</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: navy; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 45.75pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>i) Amount provisioned if
      any</FONT></P></TD></TR></TABLE></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 style="HEIGHT: 61.65pt">
    <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: 61.65pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Administrative Process <FONT face="Times New Roman"><SUP>[</SUP></FONT><SUP>1]</SUP></FONT><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">
      10073.001576/2005-15</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: 61.65pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Federal Revenue Service&nbsp; in Volta
      Redonda/RJ</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: 61.65pt" width="8%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">First</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: 61.65pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">09/25/2007</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: 61.65pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN vs. the District Director of the Federal
      Revenue Service in Volta Redonda/RJ</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: 61.65pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">R$61,744,441.67</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: 61.65pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">IPI (federal VAT) reimbursement &#150; Credit
      related to the suspension of IPI on the acquisition of raw materials,
      intermediate products and packaging materials for use in products destined
      for export &#150; Decree-Law 1894/81: Art. 1, item I; Law 8402/92: Art. 1, item
      III; Law 7739/89: Art. 18; and Decree 4544/02: Articles 176 and
      177.</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: 61.65pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Possible</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: 61.65pt" width="8%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Proprietary</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: 61.65pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">None</FONT></P></TD></TR>
  <TR style="HEIGHT: 48.35pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 48.35pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Administrative Process.
      10070-000.522/98-55</FONT></P></TD>
    <TD style="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: 48.35pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Corporate Income Tax Department of the Tax
      Guidance and Analysis Division of the Federal Revenue
Service</FONT></P></TD>
    <TD style="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: 48.35pt" width="8%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">First 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; HEIGHT: 48.35pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">04/28/98</FONT></P></TD>
    <TD style="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: 48.35pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN vs. the Federal Revenue
    Service</FONT></P></TD>
    <TD style="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: 48.35pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">R$121,980,851.12</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; HEIGHT: 48.35pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Request for reimbursement and/or ratification
      of the offsetting of tax debts due to the negative corporate income tax
      balances in fiscal years 1995 and 1996.</FONT></P></TD>
    <TD style="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: 48.35pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Possible</FONT></P></TD>
    <TD style="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: 48.35pt" width="8%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Proprietary</FONT></P></TD>
    <TD style="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: 48.35pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">None</FONT></P></TD></TR>
  <TR style="HEIGHT: 107.55pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 107.55pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Writ of Mandamus 2001.004.01193 (Special
      Court of Justice Appeal no. 647.045; Federal Supreme Court Interlocutory
      Appeal 639.465 and Extraordinary Appeal 529.539)</FONT></P></TD>
    <TD style="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: 107.55pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">2nd Civil Court of&nbsp; Rio de
      Janeiro</FONT></P></TD>
    <TD style="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: 107.55pt" width="8%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Second</FONT></P></TD>
    <TD style="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: 107.55pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Writ of Mandamus filed on
      01/09/2001</FONT></P></TD>
    <TD style="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: 107.55pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN vs. the State of Rio de
    Janeiro</FONT></P></TD>
    <TD style="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: 107.55pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">R$122,669,726.39</FONT></P></TD>
    <TD style="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: 107.55pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Declaration that the petitioner has
      recognized the effects of the appellate decisions issued by the Rio de
      Janeiro State Board of Tax Appeals in the records of the administrative
      processes E-04/025.043/97, E-04/025.428/97, E-04/025.580/97,
      E-04/892.925/99 and E-04/892.826/99, and the devolution of the amounts
      deposited by the Company as a guarantee in regard to the above-mentioned
      processes.</FONT></P></TD>
    <TD style="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: 107.55pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Remote</FONT></P></TD>
    <TD style="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: 107.55pt" width="8%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Proprietary</FONT></P></TD>
    <TD style="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: 107.55pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">None</FONT></P></TD></TR>
  <TR style="HEIGHT: 21pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 21pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Administrative Process 10070-001.870/2000-63
      (related to Voluntary Appeal 147.256/05)</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; HEIGHT: 21pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Administrative Tax Appeal Board</FONT></P></TD>
    <TD style="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: 21pt" width="8%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Second 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; HEIGHT: 21pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/20/00</FONT></P></TD>
    <TD style="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: 21pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN vs. the Federal Revenue
    Service</FONT></P></TD>
    <TD style="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: 21pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">R$ 170,578,102.09</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; HEIGHT: 21pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Request for reimbursement and/or offsetting
      of tax debts due to the negative corporate income tax balances in the
      first, second and third quarters of calendar year 2000, fiscal year
      2001.</FONT></P></TD>
    <TD style="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: 21pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Possible</FONT></P></TD>
    <TD style="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: 21pt" width="8%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Proprietary</FONT></P></TD>
    <TD style="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: 21pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">None</FONT></P></TD></TR>
  <TR style="HEIGHT: 54.2pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 54.2pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Administrative Process 10070-002100/2001-90
      (related to: Voluntary Appeal 140.788)</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; HEIGHT: 54.2pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Administrative Tax Appeal Board</FONT></P></TD>
    <TD style="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: 54.2pt" width="8%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Second 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; HEIGHT: 54.2pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/20/01</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; HEIGHT: 54.2pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN vs. the Federal Revenue
    Service</FONT></P></TD>
    <TD style="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: 54.2pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">R$ 251,920,148.35</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; HEIGHT: 54.2pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Request for the offsetting of amounts
      overpaid by the Company as Contribution to the Social Integration Program
      and to the Public Service Employee Savings Program through tax
      debts.</FONT></P></TD>
    <TD style="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: 54.2pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Possible</FONT></P></TD>
    <TD style="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: 54.2pt" width="8%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Proprietary</FONT></P></TD>
    <TD style="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: 54.2pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">None</FONT></P></TD></TR></TABLE></DIV>
<HR align=left width="33%" SIZE=1>

<DIV id=ftn1>
<P style="MARGIN: 0in 0in 10pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 8pt; VERTICAL-ALIGN: super" face="Times New Roman,serif" color=#000000>[1]</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt" face="Times New Roman,serif"> Not part of the REFIS tax anmesty program and not
awaiting a decision by the STF (Federal Supreme Court) on IPI tax rebates
(<I>cr&#233;dito pr&#234;mio</I>). It is a reimbursement request (with the Company as
plaintiff), so no provisions were constituted.</FONT></P></DIV></HR>
<a name="_bclFooter26"></a><DIV>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">26</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_27></A>
<a name="_bclPageBorder27"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader27"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<DIV align=center>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 6.8pt">
    <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: 6.8pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Administrative Proceeding no.
      14244/2005</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: 6.8pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Tax Appeal Board of the Municipality of Volta
      Redonda/RJ </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: 6.8pt" width="8%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Second administrative </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: 6.8pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/29/2005</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: 6.8pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN vs. the Volta Redonda Municipal Finance
      Department </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: 6.8pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">R$ 458,096,118.30</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: 6.8pt" width="17%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Recognition of IPTU (property tax) related to
      the inscription of CSN&#146;s remaining area of 19,616,414.80 m&#178;, resulting
      from the difference between the industrial area included in Registration
      Certificate 3045 (23,462,402.00 m&#178;), filed with the 2nd Barra Mansa Real
      Estate Registry Office and that already registered in the city
      (3,845,987.20 m&#178;), retroactive to 2000 to 2005 (Registration
      11310205000-5)</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: 6.8pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Possible</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: 6.8pt" width="8%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Proprietary</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: 6.8pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">None</FONT></P></TD></TR>
  <TR style="HEIGHT: 4.8pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 4.8pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Writ of Mandamus 2003.51.01.019930-Appeal
      from final judgment no. 2003.51.01.019930-Special Appeal no. 1,135,239
      Extraordinary Appeal 598.972</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; HEIGHT: 4.8pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Second Panel of the Federal Supreme
      Court</FONT></P></TD>
    <TD style="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: 4.8pt" width="8%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Second</FONT></P></TD>
    <TD style="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: 4.8pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">08/29/2003</FONT></P></TD>
    <TD style="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: 4.8pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN vs. INSS (National Social Security
      Institute)</FONT></P></TD>
    <TD style="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: 4.8pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">R$ 916,198,595.03</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; HEIGHT: 4.8pt" width="17%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Offsetting of amounts unduly collected as
      social contribution on the payroll before the issue of Constitutional
      Amendment 20</FONT></P></TD>
    <TD style="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: 4.8pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Possible</FONT></P></TD>
    <TD style="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: 4.8pt" width="8%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Proprietary</FONT></P></TD>
    <TD style="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: 4.8pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">None</FONT></P></TD></TR>
  <TR style="HEIGHT: 4.8pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 4.8pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"><BR>Administrative Process
      35334-001508/2002-16</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; HEIGHT: 4.8pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Federal Revenue Service</FONT></P></TD>
    <TD style="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: 4.8pt" width="8%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Second</FONT></P></TD>
    <TD style="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: 4.8pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">10/05/02</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; HEIGHT: 4.8pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN vs. the Federal Revenue
    Service</FONT></P></TD>
    <TD style="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: 4.8pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">R$67,820,510.55</FONT></P></TD>
    <TD style="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: 4.8pt" width="17%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Tax-deficiency notice (NFLD)&nbsp;
      35.180.600-8 &#150; Social Security Contributions &#150; withholding of
      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; HEIGHT: 4.8pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Possible</FONT></P></TD>
    <TD style="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: 4.8pt" width="8%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Proprietary</FONT></P></TD>
    <TD style="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: 4.8pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">None</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<a name="_bclFooter27"></a><DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">27</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_28></A>
<a name="_bclPageBorder28"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader28"></a><DIV>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">THE COMPANY AS DEFENDANT:</FONT></P>
<DIV align=center>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 45.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: navy; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 45.75pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>Proceeding</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: navy; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 45.75pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>a) Court</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: navy; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 45.75pt" width="8%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>b) instance</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: navy; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 45.75pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>c ) Date of
      Institution</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: navy; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 45.75pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>d) Parties to the
      process</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: navy; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 45.75pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>e) Values, assets or other
      rights involved</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: navy; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 45.75pt" width="17%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>f) Main facts</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: navy; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 45.75pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>g) Chances&nbsp; of losing
      </FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: navy; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 45.75pt" width="8%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>h) Impact if the Company
      loses</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: navy; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 45.75pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>i) Amount provisioned if
      any</FONT></P></TD></TR>
  <TR style="HEIGHT: 29.55pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 29.55pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Tax Foreclosure no. 2009.066.005087-7
      </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 1pt solid; HEIGHT: 29.55pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">4th Civil Court Overdue Tax Liabilities of
      the Municipality of Volta Redonda/RJ </FONT></P></TD>
    <TD style="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: 29.55pt" width="8%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">First</FONT></P></TD>
    <TD style="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: 29.55pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">02/17/2009</FONT></P></TD>
    <TD style="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: 29.55pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">State of Rio de Janeiro vs. CSN</FONT></P></TD>
    <TD style="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: 29.55pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">R$98,091,296.69</FONT></P></TD>
    <TD style="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: 29.55pt" width="17%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">ICMS Tax Deficiency Notice no. 03.026351-1
      (Casa de Pedra) &#150; Taxable Events from 04/1999 to 07/2002. Discussion on
      the calculation basis for the interstate transfer of goods between
      establishments of the same taxpayer.</FONT></P></TD>
    <TD style="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: 29.55pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Possible</FONT></P></TD>
    <TD style="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: 29.55pt" width="8%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Proprietary</FONT></P></TD>
    <TD style="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: 29.55pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">None</FONT></P></TD></TR>
  <TR style="HEIGHT: 4.8pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 4.8pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">E-04/127502/1997. Tax Deficiency Notice
      00.944.618-8.</FONT><SUP> <A href="#_ftn2" name=_ftnref2><U><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#000000>[2]</FONT></U></A></SUP></P></TD>
    <TD style="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: 4.8pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Rio de Janeiro Finance Department Tax Appeal
      Board</FONT></P></TD>
    <TD style="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: 4.8pt" width="8%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Second 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; HEIGHT: 4.8pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">10/07/1997</FONT></P></TD>
    <TD style="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: 4.8pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Rio de Janeiro Finance Department vs.
      CSN</FONT></P></TD>
    <TD style="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: 4.8pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">R$99,479,250.94</FONT></P></TD>
    <TD style="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: 4.8pt" width="17%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">ICMS</FONT></P></TD>
    <TD style="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: 4.8pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Possible</FONT></P></TD>
    <TD style="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: 4.8pt" width="8%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Proprietary</FONT></P></TD>
    <TD style="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: 4.8pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">None</FONT></P></TD></TR>
  <TR style="HEIGHT: 46.1pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 46.1pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">E-04/061143/08</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; HEIGHT: 46.1pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Rio de Janeiro Finance Department Tax Appeal
      Board</FONT></P></TD>
    <TD style="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: 46.1pt" width="8%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Second 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; HEIGHT: 46.1pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">03/12/2008</FONT></P></TD>
    <TD style="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: 46.1pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Rio de Janeiro Finance Department vs.
      CSN</FONT></P></TD>
    <TD style="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: 46.1pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">R$114,369,104.78</FONT></P></TD>
    <TD style="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: 46.1pt" width="17%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Fine for alleged irregularities involving the
      transfer of ICMS credits between establishments, contrary to the
      legislation.</FONT></P></TD>
    <TD style="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: 46.1pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Possible</FONT></P></TD>
    <TD style="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: 46.1pt" width="8%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Proprietary</FONT></P></TD>
    <TD style="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: 46.1pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">None</FONT></P></TD></TR>
  <TR style="HEIGHT: 16.65pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 16.65pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Administrative Process
      18471.004051/2008-95</FONT></P></TD>
    <TD style="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: 16.65pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Supreme Chamber of the Administrative Tax
      Appeal Board</FONT></P></TD>
    <TD style="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: 16.65pt" width="8%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Second 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; HEIGHT: 16.65pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">11/25 /2008</FONT></P></TD>
    <TD style="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: 16.65pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Tax Deficiency Notice</FONT></P></TD>
    <TD style="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: 16.65pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">R$129,570,669.88</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; HEIGHT: 16.65pt" width="17%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Offsetting of losses - reversal resulting
      from previous deficiency notices &#150; Deductibility of other taxes recognized
      + interest without penalty + Selic</FONT></P></TD>
    <TD style="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: 16.65pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Remote</FONT></P></TD>
    <TD style="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: 16.65pt" width="8%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Proprietary</FONT></P></TD>
    <TD style="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: 16.65pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">None</FONT></P></TD></TR>
  <TR style="HEIGHT: 4.8pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 4.8pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Administrative Process
      18471.000268/2005-83</FONT></P></TD>
    <TD style="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: 4.8pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Supreme Chamber of the Administrative Tax
      Appeal Board</FONT></P></TD>
    <TD style="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: 4.8pt" width="8%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Second 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; HEIGHT: 4.8pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">03/10/2005</FONT></P></TD>
    <TD style="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: 4.8pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Federal Revenue Service vs. CSN</FONT></P></TD>
    <TD style="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: 4.8pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">R$211,239,409.16</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; HEIGHT: 4.8pt" width="17%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">COFINS</FONT></P></TD>
    <TD style="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: 4.8pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Possible</FONT></P></TD>
    <TD style="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: 4.8pt" width="8%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Proprietary</FONT></P></TD>
    <TD style="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: 4.8pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">None</FONT></P></TD></TR>
  <TR style="HEIGHT: 4.8pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 4.8pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Administrative Process
      15374.001795/2002-72</FONT></P></TD>
    <TD style="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: 4.8pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3rd Chamber of Chamber of the Administrative
      Tax Appeal Board</FONT></P></TD>
    <TD style="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: 4.8pt" width="8%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Second 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; HEIGHT: 4.8pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/26/2002</FONT></P></TD>
    <TD style="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: 4.8pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Federal Revenue Service vs. CSN</FONT></P></TD>
    <TD style="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: 4.8pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">R$403,688,336.81</FONT></P></TD>
    <TD style="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: 4.8pt" width="17%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">COFINS</FONT></P></TD>
    <TD style="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: 4.8pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Remote</FONT></P></TD>
    <TD style="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: 4.8pt" width="8%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Proprietary</FONT></P></TD>
    <TD style="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: 4.8pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">None</FONT></P></TD></TR>
  <TR style="HEIGHT: 30.7pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 30.7pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Administrative Process
      12897.000859/2009-05</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; HEIGHT: 30.7pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Tax Control and Monitoring Division -
      DERAT</FONT></P></TD>
    <TD style="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: 30.7pt" width="8%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">First 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; HEIGHT: 30.7pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/04/2009</FONT></P></TD>
    <TD style="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: 30.7pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Federal Revenue Service vs. CSN</FONT></P></TD>
    <TD style="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: 30.7pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">R$497,739,011.83</FONT></P></TD>
    <TD style="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: 30.7pt" width="17%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Corporate income tax and social contribution
      on net income in 2004, 2005 and 2006 by four CSN subsidiaries
      headquartered in Luxembourg.</FONT></P></TD>
    <TD style="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: 30.7pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Remote</FONT></P></TD>
    <TD style="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: 30.7pt" width="8%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Proprietary</FONT></P></TD>
    <TD style="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: 30.7pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">None</FONT></P></TD></TR>
  <TR style="HEIGHT: 4.8pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 4.8pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">NFLD 35.749.912-3 Process
      35570.003656/2006-06</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; HEIGHT: 4.8pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3rd Chamber of 2nd CARF/MF
    Session</FONT></P></TD>
    <TD style="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: 4.8pt" width="8%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Second</FONT></P></TD>
    <TD style="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: 4.8pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">11/22/07</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; HEIGHT: 4.8pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">National Social Security Institute (INSS) vs.
      CSN</FONT></P></TD>
    <TD style="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: 4.8pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">R$114,767,557.35</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; HEIGHT: 4.8pt" width="17%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Profit Sharing (PLR) and Executive Profit
      Sharing (PLR-E).</FONT></P></TD>
    <TD style="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: 4.8pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Possible</FONT></P></TD>
    <TD style="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: 4.8pt" width="8%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Proprietary</FONT></P></TD>
    <TD style="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: 4.8pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">None</FONT></P></TD></TR></TABLE></DIV>
<HR align=left width="33%" SIZE=1>

<DIV id=ftn2>
<P style="MARGIN: 0in 0in 10pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; VERTICAL-ALIGN: super" face="Times New Roman,serif" color=black>[2]</FONT> <FONT lang=EN-US style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>Tax Deficiency Notice related to ICMS
(state VAT) and fine due to the delivery of blast furnace slag to cement
companies (CIMENTO TUPI S/A and IND&#218;STRIAS VOTORANTIN) without the appriopriate
tax documentation.</FONT></P></DIV></HR>
<a name="_bclFooter28"></a><DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">28</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><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"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P></DIV>
<DIV align=center></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">iii. Civil Proceedings&nbsp;&nbsp; </FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">THE COMPANY AS PLAINTIFF: </FONT></P>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 41.1pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: navy; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 41.1pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>Proceeding</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: navy; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 41.1pt" width="8%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>a) Court</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: navy; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 41.1pt" width="8%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>b) Instance</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: navy; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 41.1pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>c ) Date of
      Institution</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: navy; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 41.1pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>d) Parties to the
      process</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: navy; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 41.1pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>e) Values, assets or other
      rights involved</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: navy; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 41.1pt" width="16%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>f) Main facts</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: navy; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 41.1pt" width="8%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>g) Chances&nbsp; of losing
      </FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: navy; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 41.1pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>h) Impact if the Company
      loses</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: navy; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 41.1pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>i) Amount provisioned if
      any</FONT></P></TD></TR>
  <TR style="HEIGHT: 60.6pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 60.6pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">1st Instance &#150; 2008.001.075748-4; 2nd&nbsp;
      Instance -2008.002.11982 -</FONT></P></TD>
    <TD style="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: 60.6pt" width="8%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">45th Civil Court of Rio de
    Janeiro</FONT></P></TD>
    <TD style="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: 60.6pt" width="8%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Second&nbsp; </FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 60.6pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">04/02/2008</FONT></P></TD>
    <TD style="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: 60.6pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN vs. IRB Brasil Resseguros
    S.A</FONT></P></TD>
    <TD style="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: 60.6pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">R$3,320,000,000.00</FONT></P></TD>
    <TD style="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: 60.6pt" width="16%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Action Seeking Specific Performance &#150;
      compelling IRB to render reinsurance services to enable the renewal of
      CSN&#146;s insurance 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; HEIGHT: 60.6pt" width="8%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Remote</FONT></P></TD>
    <TD style="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: 60.6pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">None</FONT></P></TD>
    <TD style="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: 60.6pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">None</FONT></P></TD></TR>
  <TR style="HEIGHT: 3.15pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 3.15pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1st Instance &#150; 1995.001.124954-0; 2nd
      Instance &#150; 2002.001.3023-2 / Superior &#150; AIDD in Resp 553749</FONT></P></TD>
    <TD style="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: 3.15pt" width="8%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">3rd Civil Court of Rio de
    Janeiro</FONT></P></TD>
    <TD style="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: 3.15pt" width="8%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Second</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 3.15pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">11/14/1995</FONT></P></TD>
    <TD style="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: 3.15pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN vs. Light Energia e Servi&#231;os
      S/A</FONT></P></TD>
    <TD style="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: 3.15pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">R$162,000,000.00</FONT></P></TD>
    <TD style="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: 3.15pt" width="16%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Action for Damages &#150; Award of material
      damages and for loss of earnings due to constant interruptions in
      electricity supply to the Presidente Vargas Steelworks between January
      1991 and June 2001.</FONT></P></TD>
    <TD style="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: 3.15pt" width="8%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Possible</FONT></P></TD>
    <TD style="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: 3.15pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">None</FONT></P></TD>
    <TD style="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: 3.15pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">None</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
<a name="_bclFooter29"></a><DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">29</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_30></A>
<a name="_bclPageBorder30"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader30"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 3.15pt">
    <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: 3.15pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1st Instance &#150;1999.001.143.956-8 and
      2001.001.042412-0 ( separate record);&nbsp; Superior &#150; Resp 2001.135.03771
      and AIDD 2001.137.03159 (at the STJ, AI 434766)</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: 3.15pt" width="8%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">35th Civil Court of Rio de
    Janeiro</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: 3.15pt" width="8%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Second</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 3.15pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">10/22/1999</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: 3.15pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN vs. Indumill S/A Ind&#250;stria e Com&#233;rcio and
      Jayde Ferreira de Almeida</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: 3.15pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">R$154,000,000.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 3.15pt" width="16%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Writ of execution filed against the debtors
      Jayde Ferreira de Almeida, Valeria Sim&#245;es Pinto de Carvalho and Indumill
      S/A Ind&#250;stria e Com&#233;rcio as a result of the agreement ratified by the 6th
      Civil Court of Belo Horizonte involving overdue debt in the restated
      amount of R$48,549,235.06.</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: 3.15pt" width="8%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Possible</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: 3.15pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">None</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: 3.15pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">None</FONT></P></TD></TR>
  <TR style="HEIGHT: 4.3pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 4.3pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1st Instance &#150; 020.96.005454-5; 2nd Instance
      &#150; AC1999.008720-4; Superior - Resp 761082</FONT></P></TD>
    <TD style="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: 4.3pt" width="8%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2nd Civil Court of Crici&#250;ma/SC</FONT></P></TD>
    <TD style="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: 4.3pt" width="8%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Second</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 4.3pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">11/18/1996</FONT></P></TD>
    <TD style="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: 4.3pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN vs. Nova Pr&#243;spera Minera&#231;&#227;o
    S/A</FONT></P></TD>
    <TD style="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: 4.3pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">R$128,381,936.00</FONT></P></TD>
    <TD style="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: 4.3pt" width="16%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Execution proceedings against solvent
      debtor</FONT></P></TD>
    <TD style="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: 4.3pt" width="8%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Possible</FONT></P></TD>
    <TD style="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: 4.3pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">None</FONT></P></TD>
    <TD style="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: 4.3pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">None</FONT></P></TD></TR>
  <TR style="HEIGHT: 4.3pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 4.3pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1st Instance &#150; 2009.001.083275-7; 2nd
      Instance &#150;2009.001.35791; Superior: ADD Resp 1268485</FONT></P></TD>
    <TD style="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: 4.3pt" width="8%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">2nd Business Court of Rio de
      Janeiro</FONT></P></TD>
    <TD style="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: 4.3pt" width="8%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Second</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 4.3pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">04/02/2009</FONT></P></TD>
    <TD style="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: 4.3pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN vs. Brascan</FONT></P></TD>
    <TD style="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: 4.3pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">R$100,000,000.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 4.3pt" width="16%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">To annul the ERSA purchase agreement entered
      into between the 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; HEIGHT: 4.3pt" width="8%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Possible</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 4.3pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Proprietary</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 4.3pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">None</FONT></P></TD></TR>
  <TR style="HEIGHT: 4.3pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 4.3pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1st Instance &#150; 2005.51.01.003843-3; 2nd
      Instance - 2005.51.01.003843-3 A. O.&nbsp; </FONT><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">22.380
      [96.001.067.673-4</FONT></P></TD>
    <TD style="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: 4.3pt" width="8%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">2nd Federal Court of Rio de
    Janeiro</FONT></P></TD>
    <TD style="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: 4.3pt" width="8%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Second</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 4.3pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">03/03/2005</FONT></P></TD>
    <TD style="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: 4.3pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN vs. RFFSA</FONT></P></TD>
    <TD style="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: 4.3pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">R$100,000,000.00</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 4.3pt" width="16%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">To recover amounts overpaid due to an iron
      ore transport contract under the claim that, due to the exclusivity of
      said transport, RFFSA imposed discriminatory tariffs and abusive prices,
      causing CSN to lose competitiveness in Brazil and abroad.</FONT></P></TD>
    <TD style="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: 4.3pt" width="8%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Possible</FONT></P></TD>
    <TD style="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: 4.3pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">None</FONT></P></TD>
    <TD style="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: 4.3pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">None</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 6pt 0in 6pt 0.25in"><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black>iv.&nbsp;
</FONT></I><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Environmental Proceedings</FONT></I><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black>
</FONT></I><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black>&nbsp;</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">There are no environmental proceedings deemed
material for the Company&#146;s business.</FONT></P>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter30"></a><DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">30</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_31></A>
<a name="_bclPageBorder31"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader31"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P></DIV>
<H2 style="MARGIN: 12pt 0in 3pt"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">4.4 Non-confidential and material lawsuits,
administrative or arbitration proceedings to which the Company or its
subsidiaries are party and whose counterparties are administrators or former
administrators, controlling shareholders or former controlling shareholders, or
investors of the Company or its subsidiaries:</FONT></I></B></H2>
<DIV align=center>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 45.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: navy; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 45.75pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>Proceeding</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: navy; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 45.75pt" width="8%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>a) Court</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: navy; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 45.75pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>b) Instance</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: navy; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 45.75pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>c ) Date of
      Institution</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: navy; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 45.75pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>d) Parties to the
      process</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: navy; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 45.75pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>e) Values, assets or other
      rights involved</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: navy; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 45.75pt" width="15%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>f) Main facts</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: navy; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 45.75pt" width="8%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>g) Chances&nbsp; of losing
      </FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: navy; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 45.75pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>h) Impact if the Company
      loses</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: navy; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 45.75pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>i) Amount provisioned if
      any</FONT></P></TD></TR>
  <TR style="HEIGHT: 67.5pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 67.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">01286-2006-060-02-00-7 </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 1pt solid; HEIGHT: 67.5pt" width="8%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">S&#227;o Paulo/SP </FONT></P></TD>
    <TD style="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: 67.5pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">60th Labor Court </FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 67.5pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">08/22/2006</FONT></P></TD>
    <TD style="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: 67.5pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Ana Maria Mendon&#231;a dos Santos vs.
      CSN</FONT></P></TD>
    <TD style="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: 67.5pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">R$100,000.00 </FONT></P></TD>
    <TD style="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: 67.5pt" width="15%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Wage claim due to accumulated duties;
      additional payment of 40% on compensation; wage claim due to normative
      adjustments in 2005, 2005 and 2066; profit sharing and executive profit
      sharing from 2004 until termination; declaration of annulment of dismissal
      and reintegration or indemnification; 477 and 467 fine; reimbursement of
      medical expenses; delivery of form for unemployment insurance and damages
      for pain and suffering. </FONT></P></TD>
    <TD style="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: 67.5pt" width="8%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Possible </FONT></P></TD>
    <TD style="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: 67.5pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Proprietary </FONT></P></TD>
    <TD style="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: 67.5pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">None. </FONT></P></TD></TR>
  <TR style="HEIGHT: 3.5pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 3.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">01223-2007-343-01-00-6 </FONT></P></TD>
    <TD style="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: 3.5pt" width="8%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;Volta Redonda/RJ </FONT></P></TD>
    <TD style="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: 3.5pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">1st Labor Court </FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 3.5pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">08/08/2007</FONT></P></TD>
    <TD style="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: 3.5pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Antonio Lemos de Albuquerque vs. CSN
      </FONT></P></TD>
    <TD style="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: 3.5pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">R$805,934.70 </FONT></P></TD>
    <TD style="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: 3.5pt" width="15%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Writing of the date of exit on the Work and
      Social Security Card as 12/31/2005 or 09/30/2005; Workers&#146; Severance Fund
      (FGTS) for the period until December 2005 or delivery of form under code
      01; payment of INSS; penalty of 40% on FGTS, penalty of Art. 477, par. 8
      of Consolidation of the Labor Laws; indemnification for pain and suffering
      R$840,000.00; legal fees. </FONT></P></TD>
    <TD style="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: 3.5pt" width="8%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Possible </FONT></P></TD>
    <TD style="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: 3.5pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Proprietary </FONT></P></TD>
    <TD style="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: 3.5pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">None.&nbsp; </FONT></P></TD></TR>
  <TR style="HEIGHT: 3.5pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 3.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">2005.001.047999-3</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; HEIGHT: 3.5pt" width="8%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Rio de Janeiro/RJ</FONT></P></TD>
    <TD style="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: 3.5pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">32nd Civil Court</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 3.5pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">04/07/2005</FONT></P></TD>
    <TD style="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: 3.5pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN vs. Jos&#233; Paulo Oliveira
    Alves</FONT></P></TD>
    <TD style="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: 3.5pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">R$641,158.22</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; HEIGHT: 3.5pt" width="15%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Return of checks issued by CSN and
      irregularly deposited in the defendant&#146;s personal checking
      account.</FONT></P></TD>
    <TD style="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: 3.5pt" width="8%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Possible</FONT></P></TD>
    <TD style="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: 3.5pt" width="9%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Proprietary</FONT></P></TD>
    <TD style="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: 3.5pt" width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">None.</FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter31"></a><DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT lang=PT-BR style="FONT-SIZE: 10pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT lang=PT-BR style="FONT-SIZE: 10pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">31</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_32></A>
<a name="_bclPageBorder32"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader32"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<H2 style="MARGIN: 12pt 0in 3pt"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">4.5 Impacts in case of loss and amounts involved in
material confidential proceedings to which the Company or its subsidiaries are
parties:&nbsp; </FONT></I></B></H2>
<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">Not applicable, since there are no material
confidential proceedings to which the Company or its subsidiaries are parties.
</FONT><a name="page_33"></a><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">4.6&nbsp;
Recurrent or related lawsuits, administrative and arbitration proceedings, based
on similar facts and lawsuits, in which the Company or its subsidiaries are
parties, which are not confidential and are jointly relevant to their
business:</FONT></I></B><FONT lang=EN-US style="FONT-SIZE: 7pt" face="Times New Roman,serif">&nbsp; </FONT></P>
<a name="_bclFooter32"></a><DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="mso-bidi-font-size: 12.0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="mso-bidi-font-size: 12.0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">32</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_33></A>
<a name="_bclPageBorder33"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader33"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" 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"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">As of March 31, 2010, there were 9,238 labor claims
in progress in which the Company and its subsidiaries were the defendants, and
the amount of R$140,617,000 (R$131,032,000 on December 31, 2009). Most of the
claims are related to subsidiary and/or joint liability, equal pay, hazardous
working wage premium, overtime, difference of 40% fine on FGTS due to economic
plans of the federal government and differences in profit sharing in 1997-1999
and 2001-2003. </FONT></P>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter33"></a><DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">33</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_34></A>
<a name="_bclPageBorder34"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader34"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<H2 style="MARGIN: 12pt 0in 3pt"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;4.7 Other material contingencies not covered
by the previous items:&nbsp; </FONT></I></B></H2>
<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"><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">There are no other contingencies deemed material by
the Company. </FONT></P>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter34"></a><DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">34</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_35></A>
<a name="_bclPageBorder35"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader35"></a><DIV><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;4.8 Information on rules from the foreign
issuer&#146;s country of origin and from the country where the securities of the
foreign issuer are held in custody:&nbsp; </FONT></I></B></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">None. </FONT></P>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter35"></a><DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">35</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_36></A>
<a name="_bclPageBorder36"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader36"></a><DIV><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman"><B>5.1 Quantitative and qualitative disclosure on the
market risks to which the Company is exposed, including those related to foreign
exchange and interest rates:&nbsp; </B></FONT></I></FONT></DIV>
<P style="BACKGROUND: white; MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">The Company is exposed to a number of different
market risks arising from its normal business activities. </FONT><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New (W1),serif">Risks resulting from changes in interest rates,
currency exchange rates and prices of goods may adversely affect the value of
financial assets and liabilities, as well as expected future cash flows or
earnings. The Company strives to reduce these exposures through several
financial instruments, such as derivatives and, especially, forex and interest
rate swaps. </FONT></P>
<DIV align=center>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Main Risk
      Factors</FONT></I></B></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="100%">
      <P style="MARGIN: 0in 0in 0pt 0.9pt"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black>The Brazilian government has
      exercised, and continues to exercise, significant influence over the
      Brazilian economy. This involvement, together with Brazilian political and
      economic conditions, could adversely affect the Company&#146;s business and the
      trading price of its common shares and ADSs.&nbsp;&nbsp;
      </FONT></I></B></P>
      <P style="MARGIN: 0in 0in 0pt 0.9pt"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black></FONT></I></B>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt 0.9pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black>The
      Brazilian government frequently intervenes in the Brazilian economy and
      occasionally makes significant changes in policy and regulations. The
      Brazilian government&#146;s actions to control inflation and other policies and
      regulations have often involved, among other measures, increases in
      interest rates, changes in tax policies, price controls (such as those
      imposed on the metals sector prior to privatization), currency
      devaluations, capital controls and limits on imports. The Company&#146;s
      business, financial situation and operating results may be adversely
      affected by changes in policy or regulations, involving or affecting
      factors such as:&nbsp;&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt 36.9pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Symbol color=windowtext>&#183;</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman" color=windowtext>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>interest rates;&nbsp;&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt 36.9pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Symbol color=windowtext>&#183;</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman" color=windowtext>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>monetary controls and restrictions on remittances abroad,
      such as those that were briefly imposed in 1989 and early
      1990;&nbsp;&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt 36.9pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Symbol color=windowtext>&#183;</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman" color=windowtext>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>changes in currency exchange rates;&nbsp;&nbsp;
      </FONT></P>
      <P style="MARGIN: 0in 0in 0pt 36.9pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Symbol color=windowtext>&#183;</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman" color=windowtext>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>inflation;&nbsp;&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt 36.9pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Symbol color=windowtext>&#183;</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman" color=windowtext>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>lack of infrastructure in Brazil;&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt 36.9pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Symbol color=windowtext>&#183;</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman" color=windowtext>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>energy shortages and rationing programs;&nbsp;&nbsp;
      </FONT></P>
      <P style="MARGIN: 0in 0in 0pt 36.9pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Symbol color=windowtext>&#183;</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman" color=windowtext>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>liquidity of the domestic capital and lending
      markets;&nbsp;&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt 36.9pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Symbol color=windowtext>&#183;</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman" color=windowtext>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>environmental policies and regulations;&nbsp;&nbsp;
      </FONT></P>
      <P style="MARGIN: 0in 0in 0pt 36.9pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Symbol color=windowtext>&#183;</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman" color=windowtext>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>tax policies and regulations; and&nbsp;&nbsp;&nbsp;
      </FONT></P>
      <P style="MARGIN: 0in 0in 0pt 36.9pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Symbol color=windowtext>&#183;</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman" color=windowtext>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>other political, social and economic developments in or
      affecting Brazil.</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="100%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black>Exchange
      rate instability may adversely affect the Company&#146;s financial situation
      and operating results, as well as the market price of its common shares
      and ADSs.</FONT></I></B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black>&nbsp; </FONT></I></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black>In recent
      decades, the Brazilian currency has experienced frequent and substantial
      variations in relation to the U.S. dollar and other foreign currencies.
      Between 2000 and 2002, the real depreciated significantly against the U.S.
      dollar, closing 2002 at R$3.53 per US$1.00. Between 2003 and mid-2008,
      however, it appreciated considerably against the U.S. dollar due to the
      stabilization of the macroeconomic environment and a strong increase in
      foreign investment in Brazil, reaching R$1.56 per US$1.00 in August 2008.
      During the global financial market crisis as of mid-2008, it depreciated
      by 31.9% against the U.S. dollar, closing the latter year at R$2.34 per
      US$1.00. In 2009, it appreciated by approximately 25%, reaching R$1.74 per
      US$1.00 at year-end, mainly due to Brazil&#146;s strong economic recovery. On
      May 26, 2010, the exchange rate was R$1.846 per US$1.00. &nbsp;</FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black>The
      depreciation of the real against the U.S. dollar could create inflationary
      pressure in Brazil, causing interest rates to move up, which could have an
      adverse effect on Brazilian economic growth and on the Company&#146;s financial
      situation and operating results, curtail access to foreign financial
      markets and prompt government intervention, including recessionary
      economic policies. Depreciation of the real against the U.S. dollar could
      also, as in the global economic and financial crisis in 2008 and 2009,
      lead to decreased consumer spending, deflationary pressure and reduced
      economic growth. On the other hand, the appreciation of the real against
      the U.S. dollar and other foreign currencies could lead to a deterioration
      in Brazil&#146;s foreign exchange accounts, as well as dampen export-driven
      growth. Depending on the circumstances, depreciation or appreciation of
      the real could materially and adversely affect the growth of the Brazilian
      economy, as well as the Company&#146;s business, financial situation and
      operating results.&nbsp;&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black>If the
      real depreciates in relation to the U.S. dollar, the cost in reais of the
      Company&#146;s foreign currency-denominated borrowings and imports of raw
      materials, particularly coal and coke, will increase. If it is unable to
      promptly reinvest the funds received from such borrowings in
      dollar-denominated assets, it will be exposed to a mismatch between its
      foreign currency-denominated expenses and revenues. On the other hand, if
      the real appreciates in relation to the U.S. dollar, it will cause
      real-denominated production costs to increase as a percentage of total
      production costs, making the Company&#146;s exports less competitive.&nbsp;
      </FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black>Depreciation of the real may also reduce the U.S. dollar value
      of dividends and other shareholder payments on ADSs and the U.S. dollar
      equivalent of the market price of the Company&#146;s common shares and,
      consequently, its ADSs.</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="100%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif">Government efforts to combat inflation could
      hinder the growth of the Brazilian economy and harm our
      business.&nbsp;&nbsp; </FONT></I></B></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif">In the past, Brazil has experienced extremely
      high rates of inflation and has therefore followed monetary policies that
      have resulted in one of the highest real interest rates in the world.
      Between 2004 and 2008, Brazil&#146;s base rate, or SELIC, varied between 19.25%
      and 11.25% per year. Inflation and the Brazilian government&#146;s measures to
      fight it, principally through the Central Bank, have had and may have
      significant effects on the Brazilian economy and the Company&#146;s business.
      Tight monetary policies with high interest rates may restrict Brazil&#146;s
      growth and the availability of credit. Conversely, more lenient government
      and Central Bank policies and interest rate reductions may trigger
      increases in inflation, and, consequently, growth volatility and the need
      for sudden and significant interest rate increases, which could also
      negatively affect the Company&#146;s business. In addition, the Company may not
      be able to adjust the price of its products in the export markets to
      offset the effects of inflation in Brazil on its cost structure, given
      that most of its costs are incurred in Reais.</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="100%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black>Developments and perception of risk in other countries,
      especially in the United States, China and other emerging nations, may
      adversely affect the trading price of Brazilian securities, including the
      Company&#146;s&nbsp; common shares and ADSs.</FONT></I></B><B><I><FONT style="FONT-SIZE: 10pt" face="DCCBE H+ Frutiger,sans-serif" color=black>&nbsp; </FONT></I></B></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black>The
      market value of securities of Brazilian companies is affected to varying
      degrees by economic and market conditions in other countries, including
      the United States, China and other Latin American emerging nations.
      Although economic conditions in these countries may differ significantly
      from economic conditions in Brazil, investors&#146; reactions to developments
      in these other countries may have an adverse effect on the market value of
      the securities of Brazilian issuers. Crises in other emerging markets or
      economic policies of other countries may diminish investor interest in
      securities of Brazilian issuers, including the Company&#146;s. This could
      adversely affect the trading price of its common shares and/or ADSs, and
      could also make it more difficult or impossible for it to access the
      capital markets and finance its operations in the future, on acceptable
      terms</FONT><FONT style="FONT-SIZE: 10pt" face="DCCBE H+ Frutiger,sans-serif" color=black>.&nbsp;&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>The
      global financial crisis had significant consequences in 2008 and 2009,
      including in Brazil, including stock and credit market volatility,
      unavailability of credit, higher interest rates, a general slowdown of the
      global economy, volatile exchange rates, and inflationary pressure, all of
      which has and may continue to, directly or indirectly, materially and
      adversely affect the Company&#146;s operating results and financial situation,
      as well as the price of its common shares and/or ADSs. Although the
      scenario has improved substantially since the second half of 2009, it is
      still not clear that the global economy has recovered</FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black>.</FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter36"></a><DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="mso-bidi-font-size: 12.0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="mso-bidi-font-size: 12.0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">36</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_37></A>
<a name="_bclPageBorder37"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader37"></a><DIV><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>5.2 Describe the market risk management policy
adopted by the Company, its objectives, strategies and instruments:
</B></FONT></I></FONT></DIV>
<DIV align=center>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="100%" colSpan=2>
      <P style="MARGIN: 6pt 9.65pt 6pt 7.1pt; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">a) Risks for which protection is sought, b)
      hedging strategy, and c) hedging instruments used by the
      Company</FONT></I></B></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="100%" colSpan=2>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company has
      adopted a financial risk management policy which establishes guidelines
      related to transactions and requires diversification of transactions and
      counterparties. According to this policy, the nature and general position
      of the financial risks are regularly monitored and managed to evaluate the
      results and financial impact on cash flows. Credit limits and counterparty
      hedge quality are also reviewed periodically.&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company&#146;s
      financial risk management policy was established by the Board of
      Directors. Pursuant to this policy, market risks are protected to minimize
      fluctuations in the value of its assets and liabilities, especially
      against changes in interest and currency exchange rates.&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">In accordance with
      its financial risk management policy, the Company manages some of the
      risks through the use of derivatives. </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="100%" colSpan=2>
      <P style="MARGIN: 6pt 9.65pt 6pt 7.1pt; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">d) Risk management parameters
      </FONT></I></B></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="100%" colSpan=2>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black>The
      treasury department is responsible for managing the Company&#146;s&nbsp; market
      risk exposure. It uses a &#147;Risk Management System,&#148; which aims
      to:&nbsp;&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 0in 6pt 0.5in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Symbol color=windowtext>&#183;</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman" color=windowtext>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>help it understand market risks;&nbsp;&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 0in 6pt 0.5in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Symbol color=windowtext>&#183;</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman" color=windowtext>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>reduce the probability of financial loss; and&nbsp;&nbsp;
      </FONT></P>
      <P style="MARGIN: 6pt 0in 6pt 0.5in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Symbol color=windowtext>&#183;</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman" color=windowtext>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>decrease the volatility of financial results.&nbsp;&nbsp;
      </FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>The
      treasury department&#146;s main tools are:&nbsp;&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 0in 6pt 0.5in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Symbol color=windowtext>&#183;</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman" color=windowtext>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>&#147;Sensitivity Analysis,&#148; which measures the impact that
      fluctuations in the price of different market variables, such as interest
      and exchange rates, will have on the Company&#146;s results and cash
      flows;&nbsp;&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 0in 6pt 0.5in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Symbol color=windowtext>&#183;</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman" color=windowtext>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>&#147;Stress Tests,&#148; which measure the worse loss arising from
      a given set of compatible scenarios to which the probabilities were not
      attributed. The scenarios are chosen deliberately to include extreme
      changes in interest and exchange rates. </FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=center width="100%" colSpan=2>
      <P style="MARGIN: 0in 0in 11.75pt; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 11.55pt" face="Times New Roman,serif"><BR>e) Does the issuer make use of financial
      instruments with various hedging objectives and, if so, what are these
      objectives?</FONT></I></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid" width="100%" colSpan=2>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company&#146;s
      financial policy reflects the liquidity and credit and market risk
      parameters approved by the Audit Committee and Board of Directors. The use
      of derivative instruments to prevent fluctuations in interest and exchange
      rates from having a negative impact on its balance sheet and income
      statement must follow these same parameters. The Board of Executive
      Officers and Board of Directors are aware of these operations and debate
      them at their respective meetings. In order to finance the Company&#146;s
      activities, it resorts to domestic and international capital markets, and,
      according to the profile of indebtedness that it is seeking, a portion of
      its debt is pegged to foreign currencies, mainly the U.S. dollar. As a
      result, it also seeks protection against indebtedness through derivative
      financial instruments.&nbsp;&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">To contract
      derivative financial instruments aimed at protection within the internal
      controls structure, the Company adopts the following policies:&nbsp;
      </FONT></P>
      <P style="MARGIN: 6pt 0in 6pt 0.5in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">continuous monitoring of exchange exposure
      through a survey of assets and liabilities exposed to foreign
      currency;&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 0in 6pt 0.5in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">the
      regular presentation of its financial position and exchange exposure at
      those meetings of the Board of Executive Officers and Board of Directors
      that approve the hedging strategy.&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 0in 6pt 6.8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company&#146;s
      consolidated net exposure on December 31, 2009 is shown below: </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><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; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="65%">
      <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: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="35%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">2009</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="65%">
      <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: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="35%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Consolidated (R$
      thousand)</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="65%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Cash and cash equivalents
abroad</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">1,925,602</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="65%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Accounts receivable &#150; foreign market
      clients</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" vAlign=top width="35%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">184,970</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="65%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Advances to suppliers</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">31,944</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="65%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Securitization reserve fund</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" vAlign=top width="35%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">72,416</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="65%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Other assets</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="35%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">240,192</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="65%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Total assets</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" vAlign=top width="35%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">2,455,124</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="65%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Loans and financing </FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">(4,597,472)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="65%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Suppliers</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" vAlign=top width="35%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">(33,642)</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="65%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Other liabilities</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="35%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">(36,073)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="65%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Total liabilities</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" vAlign=top width="35%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">(4,667,187)</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="65%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Gross exposure</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="35%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">(2,212,063)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="65%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Notional value of contracted
      derivatives</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="35%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">2,169,000</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="65%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Net exposure</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="35%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">(43,063)</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid" width="100%" colSpan=2>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The results obtained
      from these operations are in line with the policies and strategies defined
      by the Company&#146;s Management.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="100%" colSpan=2>
      <P style="MARGIN: 6pt 0in"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">f) Organizational structure of risk
      management control </FONT></I></B></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="100%" colSpan=2>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Financial risks are
      calculated by the controllership department and managed by the financial
      department.</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="100%" colSpan=2>
      <P style="MARGIN: 6pt 0in"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">g) Adequacy of the operational structure of
      internal controls to verify the effectiveness of the policy adopted
      </FONT></I></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="100%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The responsibility for establishing and
      maintaining an adequate structure of internal controls over the Company&#146;s
      strategies, objectives and financial instruments, as well as for ensuring
      the effectiveness of these controls, their conformity with the prevailing
      laws/regulations and the reliability of the financial information, lies
      with the treasury department, the strategies having been duly approved by
      top management.&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The main duties of the Company&#146;s corporate
      risk management department, which is subordinate to the Board of Executive
      Officers, is to map and assess, jointly with the process managers, the
      internal controls necessary to mitigate those operational, financial and
      strategic risks inherent to its activities, as well as ensuring their
      adherence to the prevailing laws/regulations and internal policies through
      the existing internal control structure. It is also responsible for
      reporting the results of this assessment to top management and monitoring
      the procedures to remedy any flaws detected in the processes.&nbsp;
      </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The internal audit department, linked to the
      Board of Directors, is responsible for monitoring internal controls by
      performing independent tests, reporting their results to top management
      and the Audit Committee.</FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter37"></a><DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="mso-bidi-font-size: 12.0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="mso-bidi-font-size: 12.0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">37</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_38></A>
<a name="_bclPageBorder38"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader38"></a><DIV><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>5.3 Significant changes in the main market risks
or in the policy for managing financial risks related to the last fiscal
year:&nbsp; </B></FONT></I></FONT></DIV>
<P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New (W1),serif">None</FONT><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">.</FONT></P>
<H2 style="MARGIN: 12pt 0in 3pt"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp; </FONT></I></B></H2>
<a name="_bclFooter38"></a><DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">38</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_39></A>
<a name="_bclPageBorder39"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader39"></a><DIV><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>5.4&nbsp; Other relevant information:&nbsp;
</B></FONT></I></FONT></DIV>
<P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New (W1),serif">None</FONT><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">.&nbsp; </FONT></P>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter39"></a><DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt" align=left><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">39</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_40></A>
<a name="_bclPageBorder40"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader40"></a><DIV><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>6.1/6.2/6.4 - Incorporation of the Company,
final maturity and date of registration with CVM:</B></FONT></I></FONT></DIV>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" 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="50%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Date of
      incorporation</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">04/09/1941</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Form
    </FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Corporation</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Country of
      incorporation</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Brazil</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Final
      maturity</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Indefinite</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Date of registration
      with the CVM</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="50%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">02/26/1943</FONT></P></TD></TR></TABLE></DIV>
<H2 style="MARGIN: 12pt 0in 3pt"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp; </FONT></I></B></H2>
<a name="_bclFooter40"></a><DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">40</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_41></A>
<a name="_bclPageBorder41"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader41"></a><DIV><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>&nbsp;6.3 Summary of the Company&#146;s
history:</B></FONT></I></FONT><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>&nbsp; </B></FONT></I></FONT></DIV>
<P style="MARGIN: 6pt 0in 6pt 10.5pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">CSN
was founded in 1941 and began operations in 1946 at the Presidente Vargas
Steelworks in Volta Redonda, in the state of Rio de Janeiro. The Company
pioneered the production of flat steel in Brazil, paving the way for the
establishment of the national automotive sector. Privatized in 1993, when the
Brazilian government sold 91% of its interest in the Company, it</FONT><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">
</FONT></B><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">was entirely restructured, becoming one of the
world&#146;s most competitive and profitable steelmakers.&nbsp; </FONT></P>
<P style="MARGIN: 6pt 0in 6pt 10.5pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Companhia Sider&#250;rgica Nacional is a highly
integrated company whose operations cover the entire steel production chain,
from the mining of iron ore to the production and sale of coils, tinplate and
steel packaging. It also has interests in railways, port terminals, cement
production and power generation. Since it was privatized, the Company has
modernized its plants, expanded its production capacity and reduced its
costs.&nbsp; </FONT></P>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter41"></a><DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">41</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_42></A>
<a name="_bclPageBorder42"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader42"></a><DIV><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>&nbsp;6.5 Main corporate events such as
incorporations, mergers, spin-offs, share mergers, the sale and acquisition of
shareholding control and the sale and acquisition of important assets, which the
Company and/or its subsidiaries or associated companies have
undergone:</B></FONT></I></FONT> </DIV>
<P style="MARGIN: 6pt 0in 0pt 0.2in; TEXT-ALIGN: justify"><FONT style="FONT-VARIANT: small-caps"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">(</FONT></FONT><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face=Times,serif>i</FONT><FONT style="FONT-VARIANT: small-caps"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">)</FONT></FONT></P>
<DIV align=center>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 0.25in">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 0.25in" width="34%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Event:</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: 0.25in" width="66%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Acquisition of 100%
      of Companhia de Fomento Mineral e Participa&#231;&#245;es &#150; CFM.</FONT></P>
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt" width="34%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Main conditions of the
    transaction:</FONT></P></TD>
    <TD style="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: 12.75pt" width="66%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">On July 20, 2007, the Company&#146;s jointly-owned
      subsidiary Nacional Min&#233;rios S.A. entered into a purchase agreement with
      the shareholders of Companhia de Fomento Mineral e Participa&#231;&#245;es &#150; CFM for
      the acquisition of 100% of the latter&#146;s shares. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The acquisition price amounted to US$440
      million, of which US$100 million was paid upon the execution of the
      purchase agreement and US$250 million on August 1, 2007. The remaining
      US$90 million was paid in four installments over two years after certain
      conditions envisaged in the purchase agreement were met. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The acquisition was 100% financed by funds
      raised in the financial markets.</FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt" width="34%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Companies involved:</FONT></P></TD>
    <TD style="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: 12.75pt" width="66%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Nacional Min&#233;rios
      S.A. and Companhia de Fomento Mineral e Participa&#231;&#245;es &#150; CFM</FONT></P>
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt" width="34%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Effects of the transaction on the Company&#146;s
      shareholding structure:</FONT></P>
      <P style="MARGIN: 0in 3pt 0in 0in"><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; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt" width="66%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">None.</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt" width="34%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Shareholding structure before and
      after:</FONT></P></TD>
    <TD style="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: 12.75pt" width="66%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">After the
      acquisition, Nacional Min&#233;rios S.A. held 100% of Companhia de Fomento
      Mineral e Participa&#231;&#245;es &#150; CFM.</FONT></P>
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt" width="100%" colSpan=2>
      <P style="MARGIN: 6pt 3pt 0in 0.2in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(ii)</FONT></P></TD></TR>
  <TR style="HEIGHT: 0.25in">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 0.25in" width="34%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Event:</FONT></P></TD>
    <TD style="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: 0.25in" width="66%">
      <P style="MARGIN: 0in 2pt 0pt 0.25in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 2pt 0pt 0.25in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Merger of Cayman Minera&#231;&#227;o do Brasil
      Ltda.</FONT></P>
      <P style="MARGIN: 0in 2pt 0pt 0.25in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt" width="34%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Main conditions of the
    transaction:</FONT></P></TD>
    <TD style="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: 12.75pt" width="66%">
      <P style="MARGIN: 0in 2pt 0pt 0.25in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 2pt 0pt 0.25in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">On December 30, 2007, Companhia de Fomento
      Mineral e Participa&#231;&#245;es &#150; CFM merged Cayman Minera&#231;&#227;o do Brasil Ltda.,
      which was legally wound up and its shareholders&#146; equity was transferred to
      Companhia de Fomento Mineral e Participa&#231;&#245;es &#150; CFM, which became its
      general successor.</FONT></P>
      <P style="MARGIN: 0in 2pt 0pt 0.25in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt" width="34%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Companies involved:</FONT></P></TD>
    <TD style="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: 12.75pt" width="66%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Companhia de Fomento
      Mineral e Participa&#231;&#245;es &#150; CFM and Cayman Minera&#231;&#227;o do Brasil
      Ltda.</FONT></P>
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center></DIV>
<a name="_bclFooter42"></a><DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">42</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_43></A>
<a name="_bclPageBorder43"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader43"></a><DIV>&nbsp;</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 style="HEIGHT: 12.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt" vAlign=center align=left width="34%">
      <P style="MARGIN: 0in 3pt 0in 0in" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"><BR>Effects of the
      transaction on the Company&#146;s shareholding structure:<BR></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: 12.75pt" vAlign=center width="66%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">None.</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt" width="34%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Shareholding structure before and
      after:</FONT></P></TD>
    <TD style="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: 12.75pt" width="66%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">After the merger, Cayman Minera&#231;&#227;o do Brasil
      Ltda. was legally wound up.</FONT></P>
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 3pt 0in 0in"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 3pt 0in 0.2in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(iii)</FONT></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="HEIGHT: 0.25in">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 0.25in" width="34%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Event:</FONT></P>
      <P style="MARGIN: 0in 3pt 0in 0in"><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; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 0.25in" width="66%">
      <P style="MARGIN: 0in 3pt 0pt 19.7pt; TEXT-ALIGN: justify"><FONT lang=PT-BR style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Merger of Companhia de Fomento Mineral e
      Participa&#231;&#245;es &#150; CFM</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt" width="34%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Main conditions of the
    transaction:</FONT></P></TD>
    <TD style="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: 12.75pt" width="66%">
      <P style="MARGIN: 0in 3pt 0pt 19.7pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 3pt 0pt 19.7pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">On March 30, 2008, Nacional Min&#233;rios S.A.
      merged Companhia de Fomento Mineral e Participa&#231;&#245;es &#150; CFM, which was
      legally wound up, its shareholders&#146; equity being transferred to Nacional
      Min&#233;rios S.A, which became its general successor.</FONT></P>
      <P style="MARGIN: 0in 3pt 0pt 19.7pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt" width="34%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Companies involved:</FONT></P></TD>
    <TD style="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: 12.75pt" width="66%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Companhia de Fomento
      Mineral e Participa&#231;&#245;es &#150; CFM </FONT></P>
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">and Nacional Min&#233;rios
      S.A.</FONT></P>
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt" align=left width="34%">
      <P style="MARGIN: 0in 3pt 0in 0in" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"><BR>Effects of the
      transaction on the Company&#146;s shareholding structure:</FONT></P>
      <P style="MARGIN: 0in 3pt 0in 0in"><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; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt" width="66%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">None.</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt" width="34%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Shareholding structure before and
      after:</FONT></P>
      <P style="MARGIN: 0in 3pt 0in 0in"><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; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt" width="66%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">After the merger, Companhia de Fomento
      Mineral e Participa&#231;&#245;es &#150; CFM was legally wound
  up.</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 3pt 0in 0in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp; </FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman,serif"></FONT>&nbsp;</P>
<a name="_bclFooter43"></a><DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">43</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>
<P><A name=page_44></A></P>
<P style="MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.2in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(</FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">iv</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">)</FONT></P>
<a name="_bclPageBorder44"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<DIV align=center>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 0.25in">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 0.25in" width="34%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Event:</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: 0.25in" width="66%">
      <P style="MARGIN: 0in 3pt 0pt 21.85pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: 0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 3pt 0pt 21.85pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: 0pt" face="Times New Roman,serif">Sale of 40% of the voting and total capital
      stock of Nacional Min&#233;rios S.A.</FONT></P>
      <P style="MARGIN: 0in 3pt 0pt 21.85pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: 0pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt" width="34%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Main conditions of the
    transaction:</FONT></P></TD>
    <TD style="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: 12.75pt" width="66%">
      <P style="MARGIN: 0in 3pt 0pt 21.85pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 3pt 0pt 21.85pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">The sale of 40% of the voting and total
      capital stock of Nacional Min&#233;rios S.A. to the consortium Big Jump Energy
      Participa&#231;&#245;es S.A., comprising ITOCHU Corporation, JFE Steel Corporation,
      Nippon Steel Corporation, Sumitomo Metal Industries, Ltd., Kobe Steel,
      Ltd., Nisshin Steel Co, Ltd. and POSCO.&nbsp; </FONT></P>
      <P style="MARGIN: 0in 3pt 0pt 21.85pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 3pt 0pt 21.85pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">The acquisition of 40% of Nacional Min&#233;rios
      S.A. by the consortium Big Jump Energy Participa&#231;&#245;es S.A. was duly
      approved by the Commission of the European Communities.</FONT></P>
      <P style="MARGIN: 0in 3pt 0pt 21.85pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 3pt 0pt 21.85pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">The acquisition of 40% of Nacional Min&#233;rios
      S.A. by Big Jump Energy Participa&#231;&#245;es S.A. for approximately US$3.08
      billion was concluded&nbsp; on December 30, 2008. Approximately US$3.04
      billion of this total was used by the consortium to pay in shares
      subscribed in a capital increase of Nacional Min&#233;rios S.A. through an
      issue of new shares.&nbsp; </FONT></P>
      <P style="MARGIN: 0in 3pt 0pt 21.85pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 3pt 0pt 21.85pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">The amounts received by Nacional Min&#233;rios
      S.A. were used to pay mounts owed to the Company in connection with the
      sale of crude iron ore (run of mine) and the provision of port services.
      </FONT></P>
      <P style="MARGIN: 0in 3pt 0pt 21.85pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 3pt 0pt 21.85pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">On July 30, 2009, Nacional Min&#233;rios S.A.
      merged Big Jump Energy Participa&#231;&#245;es S.A., which was legally wound up, its
      shareholders&#146; equity being transferred to Nacional Min&#233;rios S.A, which
      became its general successor.</FONT></P>
      <P style="MARGIN: 0in 3pt 0pt 21.85pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt" width="34%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Companies involved:</FONT></P></TD>
    <TD style="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: 12.75pt" width="66%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Big Jump Energy Participa&#231;&#245;es S.A., Nacional
      Min&#233;rios S.A. and the Company.</FONT></P>
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt" width="34%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Effects of the transaction on the Company&#146;s
      shareholding structure:</FONT></P>
      <P style="MARGIN: 0in 3pt 0in 0in"><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; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt" width="66%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">None.</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt" width="34%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Shareholding structure before and
      after:</FONT></P></TD>
    <TD style="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: 12.75pt" align=left width="66%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 3pt 0in 0in" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">After the sale of 40%
      of the voting and total capital of Nacional Min&#233;rios S.A., the Company
      held 60% of the latter&#146;s voting and total capital. After the merger of Big
      Jump into Nacional Min&#233;rios S.A., the shareholders of Big Jump Energy
      Participa&#231;&#245;es S.A., then Brazil Japan Iron Ore Corporation and POSCO, held
      39.99% of the capital stock of Nacional Min&#233;rios S.A., and the Company&#146;s
      shareholding structure remained unchanged.</FONT></P>
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 3pt 0in 0in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp; </FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman,serif"></FONT>&nbsp;</P>
<a name="_bclFooter44"></a><DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">44</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_45></A>
<a name="_bclPageBorder45"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<P style="MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.2in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(</FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">v</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">)</FONT></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: 0.25in">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 0.25in" width="34%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Event:</FONT></P>
      <P style="MARGIN: 0in 3pt 0in 0in"><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; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 0.25in" width="66%">
      <P style="MARGIN: 0in 9.65pt 0pt 24.15pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Merger of CSN I S.A.</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt" width="34%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Main conditions of the
    transaction:</FONT></P></TD>
    <TD style="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: 12.75pt" width="66%">
      <P style="MARGIN: 0in 9.65pt 0pt 24.15pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 9.65pt 0pt 24.15pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">On October 30, 2008, the subsidiary Galvasud
      S.A. merged CSN I S.A., which was legally wound up and its shareholders&#146;
      equity was transferred to Galvasud S.A., which became the general
      successor to all its assets, rights and obligations.</FONT></P>
      <P style="MARGIN: 0in 9.65pt 0pt 24.15pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt" width="34%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Companies involved:</FONT></P>
      <P style="MARGIN: 0in 3pt 0in 0in"><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; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt" width="66%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Galvasud S.A. and CSN I S.A.</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt" width="34%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Effects of the transaction on the Company&#146;s
      shareholding structure:</FONT></P>
      <P style="MARGIN: 0in 3pt 0in 0in"><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; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt" width="66%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">None.</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt" width="34%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Shareholding structure before and
      after:</FONT></P>
      <P style="MARGIN: 0in 3pt 0in 0in"><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; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt" width="66%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">After the merger, CSN I was legally wound
      up.</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 3pt 0in 0in"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 3pt 0in 0.2in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(</FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">vi</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">)</FONT></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="HEIGHT: 0.25in">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 0.25in" width="34%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Event:</FONT></P>
      <P style="MARGIN: 0in 3pt 0in 0in"><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; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 0.25in" width="66%">
      <P style="MARGIN: 0in 9.65pt 0pt 0in; TEXT-INDENT: 10.7pt; TEXT-ALIGN: justify"><FONT lang=PT-BR style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Merger of Ind&#250;stria Nacional de A&#231;os
      Laminados Inal S.A.</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt" width="34%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Main conditions of the
    transaction:</FONT></P></TD>
    <TD style="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: 12.75pt" width="66%">
      <P style="MARGIN: 0in 9.65pt 0pt 10.7pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 9.65pt 0pt 10.7pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">On December 30, 2008, the subsidiary
      Companhia Metal&#250;rgica Prada merged Ind&#250;stria Nacional de A&#231;os Laminados
      Inal S.A., which was legally wound up without liquidation, being succeeded
      in all its rights and obligations by Companhia Metal&#250;rgica
      Prada.</FONT></P>
      <P style="MARGIN: 0in 9.65pt 0pt 10.7pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt" width="34%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Companies involved:</FONT></P>
      <P style="MARGIN: 0in 3pt 0in 0in"><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; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt" width="66%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Companhia Metal&#250;rgica
      Prada and Ind&#250;stria Nacional de A&#231;os Laminados Inal S.A.</FONT></P>
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt" width="34%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Effects of the transaction on the Company&#146;s
      shareholding structure:</FONT></P>
      <P style="MARGIN: 0in 3pt 0in 0in"><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; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt" width="66%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">None.</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt" width="34%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Shareholding structure before and
      after:</FONT></P>
      <P style="MARGIN: 0in 3pt 0in 0in"><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; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt" width="66%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">After the merger, Ind&#250;stria Nacional de A&#231;os
      Laminados Inal S.A. was legally wound
up.</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 3pt 0in 0in"><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; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman,serif"></FONT>&nbsp;</P>
<a name="_bclFooter45"></a><DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">45</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_46></A>
<a name="_bclPageBorder46"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<P style="MARGIN-LEFT: 0.2in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(vii)</FONT></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="HEIGHT: 0.25in">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 0.25in" width="34%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Event:</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: 0.25in" width="66%">
      <P style="MARGIN: 0in 9.65pt 0pt 23.2pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 9.65pt 0pt 23.2pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Acquisition of 100% of the shares
      of&nbsp;&nbsp; Taggia XLI &#150; Consultoria e Participa&#231;&#245;es, Unipessoal
      Ltda.</FONT></P>
      <P style="MARGIN: 0in 9.65pt 0pt 23.2pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt" width="34%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Main conditions of the
    transaction:</FONT></P></TD>
    <TD style="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: 12.75pt" width="66%">
      <P style="MARGIN: 0in 9.65pt 0pt 23.2pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 9.65pt 0pt 23.2pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">On November 17, 2009, the Company acquired,
      through its subsidiaries CSN Steel S.&#224;.r.l. and CSN Overseas S.&#224;.r.l.,
      Taggia XLI &#150; Consultoria e Participa&#231;&#245;es, Unipessoal Ltda., currently CSN
      Ib&#233;ria Ltda. </FONT></P>
      <P style="MARGIN: 0in 9.65pt 0pt 23.2pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 9.65pt 0pt 23.2pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Located on the island of Madeira, it is a
      shelf company acquired for the sole purpose of merging Cinnabar Com&#233;rcio
      de Produtos Sider&#250;rgicos Ltda., thus generating a corporate event that
      would permit a change in the functional currency, pursuant to&nbsp; CPC
      2.</FONT></P>
      <P style="MARGIN: 0in 9.65pt 0pt 23.2pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt" width="34%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Companies involved:</FONT></P></TD>
    <TD style="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: 12.75pt" width="66%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Taggia XLI &#150;
      Consultoria e Participa&#231;&#245;es Unipessoal Ltda, CSN Overseas S.&#224;.r. l. and
      CSN Steel S.&#224;.r. l.</FONT></P>
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt" width="34%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Effects of the transaction on the Company&#146;s
      shareholding structure:</FONT></P></TD>
    <TD style="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: 12.75pt" width="66%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">None.</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt" width="34%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Shareholding structure before and
      after:</FONT></P></TD>
    <TD style="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: 12.75pt" align=left width="66%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 3pt 0in 0in" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">After the merger, the
      Company, which up to then did not hold any interest in Taggia XLI &#150;
      Consultoria e Participa&#231;&#245;es, Unipessoal Ltda., became the indirect holder
      of 100% of its capital stock. </FONT></P>
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 3pt 0in 0in" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN Steel S.&#224;.r.l.
      and CSN Overseas S.&#224;.r.l. became the holders of 53.8% and 46.2%,
      respectively, of the capital stock of Taggia XLI &#150; Consultoria e
      Participa&#231;&#245;es, Unipessoal Ltda.</FONT></P>
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 9.65pt 0pt 7.1pt; TEXT-INDENT: 7.1pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0pt 0pt 0.2in; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">(</FONT><I><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">viii</FONT></I><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">)</FONT></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: 0.25in">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 0.25in" width="34%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Event:</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: 0.25in" width="66%">
      <P style="MARGIN: 0in 9.65pt 0pt 10.7pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 9.65pt 0pt 10.7pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Acquisition of 16.1% of Riversdale Mining
      Limited.</FONT></P>
      <P style="MARGIN: 0in 9.65pt 0pt 10.7pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt" width="34%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Main conditions of the
    transaction:</FONT></P></TD>
    <TD style="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: 12.75pt" width="66%">
      <P style="MARGIN: 0in 9.65pt 0pt 17.1pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 9.65pt 0pt 17.1pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">On November 26, 2009, CSN Europe, Ltda,
      acquired 28,750,598 shares in, or 14.99% of Riversdale Mining Limited,
      whose shares are listed on the Australian Stock Exchange. In January 2010,
      the Australian authorities allowed the acquisition of a further 2,482,729
      Riversdale shares by CSN Europe for A$6.10 per share, concluding the
      second stage of the operation.</FONT></P>
      <P style="MARGIN: 0in 9.65pt 0pt 17.1pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 9.65pt 0pt 17.1pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Subsequently, due to the exercise of options
      on Riversdale&#146;s shares, the Company&#146;s indirect interest was reduced to
      15.6%.</FONT></P>
      <P style="MARGIN: 0in 9.65pt 0pt 17.1pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 9.65pt 0pt 17.1pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">On July 26, 2010, Riversdale issued new
      common shares to raise funds, 5,602,478 of which acquired by CSN Europe,
      which now holds 36,835,805 shares and a 15.6% interest in
      Riversdale.</FONT></P>
      <P style="MARGIN: 0in 9.65pt 0pt 17.1pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center></DIV>
<a name="_bclFooter46"></a><DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">46</P></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>&nbsp;</DIV>
<DIV align=center>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 12.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt" width="34%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Companies involved:</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: 12.75pt" width="66%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Riversdale Mining Limited and CSN Europe,
      Ltda.</FONT></P>
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt" align=left width="34%">
      <P style="MARGIN: 0in 3pt 0in 0in" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"><BR>Effects of the
      transaction on the Company&#146;s shareholding structure:<BR></FONT></P></TD>
    <TD style="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: 12.75pt" width="66%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">None.</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt" width="34%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Shareholding structure before and
      after:</FONT></P></TD>
    <TD style="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: 12.75pt" width="66%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">After the transaction were concluded, the
      Company&#146;s interest in Riversdale Mining Limited increased from 14.99% to
      15.6%.</FONT></P>
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0in 0.5in; TEXT-INDENT: -21.8pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0in 0.2in; TEXT-ALIGN: justify"><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(ix</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">)</FONT></P>
<DIV align=center>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 0.25in">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 0.25in" width="34%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Event:</FONT></P>
      <P style="MARGIN: 0in 3pt 0in 0in"><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; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 0.25in" width="66%">
      <P style="MARGIN: 0in 9.65pt 0pt 17.75pt; TEXT-ALIGN: justify"><FONT lang=PT-BR style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Merger of Cinnabar Com&#233;rcio de Produtos
      Sider&#250;rgicos Ltda.</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt" width="34%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Main conditions of the
    transaction:</FONT></P></TD>
    <TD style="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: 12.75pt" width="66%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">On December 22, 2009, Taggia XLI &#150;
      Consultoria e Participa&#231;&#245;es, Unipessoal Ltda, located on Madeira Island,
      merged Cinnabar Com&#233;rcio de Produtos Sider&#250;rgicos Ltda., upon which Taggia
      XLI changed its name to CSN Ib&#233;ria, Ltda; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt" width="34%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Companies involved:</FONT></P></TD>
    <TD style="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: 12.75pt" width="66%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Cinnabar Com&#233;rcio de
      Produtos Sider&#250;rgicos Ltda. and Taggia XLI &#150; Consultoria e Participa&#231;&#245;es,
      Unipessoal Ltda.</FONT></P>
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt" width="34%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Effects of the transaction on the Company&#146;s
      shareholding structure:</FONT></P>
      <P style="MARGIN: 0in 3pt 0in 0in"><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; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt" width="66%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">None.</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt" width="34%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Shareholding structure before and
      after:</FONT></P></TD>
    <TD style="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: 12.75pt" width="66%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">After the merger, Cinnabar Com&#233;rcio de
      Produtos Sider&#250;rgicos Ltda. was legally wound up and Taggia XLI &#150;
      Consultoria e Participa&#231;&#245;es, Unipessoal Ltda became the holder of 100% of
      CSN Iron S.A., a subsidiary of the wound-up company.</FONT></P>
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0in 0.5in; TEXT-INDENT: -21.8pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;
</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman,serif"></FONT>&nbsp;</P>
<a name="_bclFooter47"></a><DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">47</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<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%">
<P style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.2in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(</FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">x</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">)</FONT></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="HEIGHT: 0.25in">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 0.25in" width="34%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Event:</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: 0.25in" width="66%">
      <P style="MARGIN: 0in 9.65pt 0pt 17.85pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 9.65pt 0pt 17.85pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Acquisition of 100% of the shares of Seavon
      Holding S.a.r.l</FONT></P>
      <P style="MARGIN: 0in 9.65pt 0pt 17.85pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt" width="34%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Main conditions of the
    transaction:</FONT></P></TD>
    <TD style="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: 12.75pt" width="66%">
      <P style="MARGIN: 0in 9.65pt 0pt 17.85pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 9.65pt 0pt 17.85pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">On December 23, 2009, the Company&#146;s
      subsidiary CSN Steel S.a.r.l acquired 100% of Seavon Holding S.a.r.l, now
      CSN Cement S.a.r. l, a company with a capital of &euro;12,500 represented by
      1,250,000 shares with a face value of &euro;0.01 each. The operation amounted
      to EUR17,500.</FONT></P>
      <P style="MARGIN: 0in 9.65pt 0pt 17.85pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt" width="34%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Companies involved:</FONT></P></TD>
    <TD style="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: 12.75pt" width="66%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Seavon Holding S.a.r.l and CSN
      Steel</FONT></P>
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt" width="34%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Effects of the transaction on the Company&#146;s
      shareholding structure:</FONT></P>
      <P style="MARGIN: 0in 3pt 0in 0in"><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; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt" width="66%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">None.</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt" width="34%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Shareholding structure before and
      after:</FONT></P></TD>
    <TD style="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: 12.75pt" align=left width="66%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 3pt 0in 0in" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">After the
      acquisition, the Company, which up to then had no interest in Seavon
      Holding S.a.r.l, became the indirect holder of shares representing 100% of
      its capital stock.</FONT></P>
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0in 0.5in; TEXT-INDENT: -21.8pt; 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; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman,serif"></FONT>&nbsp;</P>
<a name="_bclFooter48"></a><DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">48</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_49></A>
<a name="_bclPageBorder49"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader49"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="MARGIN: 0in 0in 0in 0.5in; TEXT-INDENT: -21.8pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(</FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">xi</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">)</FONT></P>
<DIV align=center>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 0.25in">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 0.25in" width="33%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Event:</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: 0.25in" width="67%">
      <P style="MARGIN: 0in 9.65pt 0pt 17.8pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 9.65pt 0pt 17.8pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Acquisition of a minority interest in
      Panatl&#226;ntica S.A. </FONT></P>
      <P style="MARGIN: 0in 9.65pt 0pt 17.8pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt" width="33%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Main Conditions of the
    Transaction:</FONT></P></TD>
    <TD style="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: 12.75pt" width="67%">
      <P style="MARGIN: 0in 9.65pt 0pt 17.8pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 9.65pt 0pt 17.8pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">On January 5, 2010, the Board of Directors
      approved the acquisition of 802,069 common shares of Panatl&#226;ntica S.A., a
      publicly-held company whose object is the manufacture, sale, import,
      export and processing of steel and metals, representing 9.3963% of its
      capital stock, for R$10 million.&nbsp; </FONT></P>
      <P style="MARGIN: 0in 9.65pt 0pt 17.8pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 9.65pt 0pt 17.8pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Subsequently, on May 4, 2010, the Company
      received 16,131 new common shares as a bonus issue, due to Panatl&#226;ntica&#146;s
      capital increase through the capitalization of profit reserves for fiscal
      year 2004, approved by the Extraordinary Shareholders&#146; Meeting of April
      28, 2010. </FONT></P>
      <P style="MARGIN: 0in 9.65pt 0pt 17.8pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 9.65pt 0pt 17.8pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">On June 2, 2010, the Company subscribed to
      14,097 new common shares, accompanying Panatl&#226;ntica&#146;s capital increase,
      through a private subscription, approved by the aforementioned
      Extraordinary Shareholders&#146; Meeting. </FONT></P>
      <P style="MARGIN: 0in 9.65pt 0pt 17.8pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 9.65pt 0pt 17.8pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Currently, the Company holds 832,297 common
      shares, representing 9.3963% of Panatl&#226;ntica&#146;s total capital
      stock.</FONT></P>
      <P style="MARGIN: 0in 9.65pt 0pt 17.8pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt" width="33%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Companies involved:</FONT></P></TD>
    <TD style="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: 12.75pt" width="67%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company, L. P.
      A&#231;os Com&#233;rcio e Participa&#231;&#245;es Ltda and Panatl&#226;ntica S.A</FONT></P>
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt" width="33%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Effects of the transaction on the Company&#146;s
      shareholding structure:</FONT></P>
      <P style="MARGIN: 0in 3pt 0in 0in"><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; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt" width="67%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">None.</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0in 0.5in; TEXT-INDENT: -21.8pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;
</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman,serif"></FONT>&nbsp;</P>
<a name="_bclFooter49"></a><DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">49</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<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"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="MARGIN: 0in 0in 0in 0.5in; TEXT-INDENT: -21.8pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(</FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">xii</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">)</FONT></P>
<DIV align=center>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 0.25in">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 0.25in" width="33%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Event:</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: 0.25in" width="67%">
      <P style="MARGIN: 0in 9.65pt 0pt 10.7pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 9.65pt 0pt 10.7pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Merger of Galvasud S.A. </FONT></P>
      <P style="MARGIN: 0in 9.65pt 0pt 10.7pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt" width="33%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Main Conditions of the
    Transaction:</FONT></P></TD>
    <TD style="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: 12.75pt" width="67%">
      <P style="MARGIN: 0in 9.65pt 0pt 10.7pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 9.65pt 0pt 10.7pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">On January 29, 2010, Galvasud S.A. was merged
      into the Company and was subsequently legally wound up, its shareholders
      equity being transferred to the Company, which became its general
      successor.</FONT></P>
      <P style="MARGIN: 0in 9.65pt 0pt 10.7pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt" width="33%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Companies involved:</FONT></P></TD>
    <TD style="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: 12.75pt" width="67%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company and Galvasud S.A</FONT></P>
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt" width="33%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Effects of the transaction on the Company&#146;s
      shareholding structure:</FONT></P>
      <P style="MARGIN: 0in 3pt 0in 0in"><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; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt" width="67%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">None.</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt" width="33%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Shareholding structure before and
      after:</FONT></P>
      <P style="MARGIN: 0in 3pt 0in 0in"><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; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt" width="67%">
      <P style="MARGIN: 0in 3pt 0in 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">After the merger, Galvasud S.A. was legally
      wound up.</FONT></P></TD></TR></TABLE></DIV>
<H2 style="MARGIN: 12pt 0in 3pt"><B><I><FONT style="FONT-SIZE: 14pt" face=Cambria,serif>&nbsp; </FONT></I></B></H2>
<a name="_bclFooter50"></a><DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">50</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_51></A>
<a name="_bclPageBorder51"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader51"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<H2 style="MARGIN: 12pt 0in 3pt"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">6.6 Bankruptcy petitions involving significant
amounts and requests for judicial or extra-judicial reorganization:&nbsp;
</FONT></I></B></H2>
<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">None.&nbsp; </FONT></P>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter51"></a><DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">51</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_52></A>
<a name="_bclPageBorder52"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader52"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<H2 style="MARGIN: 12pt 0in 3pt"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">6.7&nbsp; Other relevant information:&nbsp;
</FONT></I></B></H2>
<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">None.</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>
<a name="_bclFooter52"></a><DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">52</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_53></A>
<a name="_bclPageBorder53"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader53"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" 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"><B><I>&nbsp; 7.1 Summary description of the
activities of the Company and its subsidiaries:&nbsp;&nbsp;
<BR></I></B></FONT></P>
<DIV align=center>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 24.05pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 24.05pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 19.45pt">
    <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: 19.45pt" vAlign=top width="100%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Companhia Sider&#250;rgica
      Nacional is a highly integrated company whose operations cover the entire
      steel production chain, from the mining of iron ore to the production and
      sale of coils, tinplate and steel packaging. It also has interests in
      railways, port terminals, cement production and power
      generation.&nbsp;&nbsp;&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Founded in 1941, it
      began operations in 1946, pioneering the production of flat steel in
      Brazil and paving the way for the establishment of the national auto
      industry. Privatized in 1993, it was entirely restructured, becoming one
      of the world&#146;s most competitive and profitable steelmakers.&nbsp;
      </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Thanks to its
      production system and exemplary management, CSN&#146;s production costs are
      among the lowest in the global steel sector. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company strives
      to maximize shareholder returns through integrated operations in five key
      areas: mining, steel, logistics, cement and power generation.&nbsp;
      </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <H2 style="MARGIN: 12pt 0in 3pt"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">7.1.1. Mining&nbsp; </FONT></I></B></H2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
      <UL style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in" type=disc>
        <LI style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Iron Ore&nbsp;
        </FONT></B></LI></UL>
      <P style="MARGIN: 0in 0in 0pt 0.5in; 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"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN&#146;s Casa de Pedra
      mine, located in Congonhas, Minas Gerais, supplies the Company with the
      iron ore it needs to produce steel. With proven and probable reserves of
      more than 1.6 billion tonnes, Casa de Pedra has a current annual
      production capacity of 21 million tonnes of high-quality iron
      ore.&nbsp;&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">In July 2007, through
      its wholly-owned subsidiary, Nacional Min&#233;rios S.A., the Company acquired
      Companhia de Fomento Mineral, located in Minas Gerais state, whose mines
      are in the vicinity of the Casa de Pedra mine, effectively increasing its
      production capacity. Also in 2007, the Company began operating in the
      seaborne iron ore market through Nacional Min&#233;rios S.A.&nbsp;&nbsp;
      </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is important to
      note that Nacional Min&#233;rios S.A. was a wholly-owned Company subsidiary
      until December 29, 2008. On December 30, 2008 a consortium comprising
      ITOCHU Corporation, JFE Steel Corporation, Nippon Steel Corporation,
      Sumitomo Metal Industries, Ltd., Kobe Steel, Ltd., Nisshin Steel Co, Ltd.
      and POSCO, acquired 40% of the voting and total capital of Nacional
      Min&#233;rios S.A.&nbsp;&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">With the expansion of
      the Casa de Pedra mine, the Company has consolidated its position as an
      important player in the seaborne iron ore market, becoming Brazil&#146;s second
      largest iron ore producer, together with Nacional Min&#233;rios S.A. Most of
      the Company&#146;s net revenue from iron ore sales comes from exports, chiefly
      to Asia (especially China and Japan).&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <UL style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in" type=disc>
        <LI style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Limestone and
        Dolomite&nbsp; </FONT></B></LI></UL>
      <P style="MARGIN: 0in 0in 0pt 0.5in; 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"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Arcos mine, in
      Pedreira da Bocaina, Minas Gerais, is responsible for supplying the
      limestone and dolomite consumed by the Company&#146;s Presidente Vargas
      Steelworks in Volta Redonda.&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">As of October 2010,
      following the Company&#146;s entry into the cement market in 2009 through the
      construction of a plant in Volta Redonda adjacent to the Presidente Vargas
      facility, the Arcos mine will also be supplying limestone for the
      production of clinker, an important cement input.&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Annual limestone
      production is estimated at 4 million tonnes.&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">As a result, the
      Company&#146;s activities will become even more integrated through the
      verticalization of production, thereby further enhancing its
      competitiveness and profitability.&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <UL style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in" type=disc>
        <LI style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Tin&nbsp;
        </FONT></B></LI></UL>
      <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"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Tin, a tinplate raw
      material, is produced by ERSA - Estanho de Rond&#244;nia S.A., a Company
      subsidiary which owns the Santa B&#225;rbara tin mine in Itapu&#227; do Oeste and a
      smelting plant in Ariquemes, both in the state of Rond&#244;nia.
  </FONT></P></TD></TR>
  <TR style="HEIGHT: 19.45pt">
    <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: 19.45pt" vAlign=top width="100%">
      <H2 style="MARGIN: 12pt 0in 3pt"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">7.1.2. Steelmaking&nbsp; </FONT></I></B></H2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Dominating the entire
      steel production chain, the Company supplies many segments of the industry
      with a diversified range of high value-added products. It produces various
      types of coated galvanized steels that are resistant to corrosion and less
      susceptible to international market price swings.&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company&#146;s main
      markets are the automotive, construction, distribution, home appliance,
      OEM (capital goods, engines, etc), and metal packaging industries.&nbsp;
      </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company has five
      galvanizing production lines in Brazil: three in the Presidente Vargas
      Steelworks, in Volta Redonda, one in GalvaSud, in Porto Real (Rio de
      Janeiro) and another in the Paran&#225; facility, in Arauc&#225;ria, which also has
      cold-rolling and pre-painting facilities.&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company also has
      two overseas subsidiaries: CSN LLC, based in Terre Haute, Indiana, USA,
      which produces cold-rolled and galvanized products, and Lusosider
      Projectos Sider&#250;rgicos S.A., in Paio Pires, Portugal, which also produces
      coated steel.&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company is
      Brazil&#146;s sole producer of tinplate, most of which is absorbed by the
      packaging industry, and one of the five largest producers in the world,
      with an installed capacity of 1 million tonnes per year.</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It also produces
      Galvalume, a zinc-and-aluminum-coated steel which combines high luster and
      durability, and pre-painted steel, both of which have several applications
      in the construction and home-appliance industries.&nbsp;&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <UL style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in" type=disc>
        <LI style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Presidente Vargas
        Steelworks&nbsp; </FONT></B></LI></UL>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Located in Volta
      Redonda, Rio de Janeiro, the Presidente Vargas Steelworks has an annual
      production capacity of 5.6 million tonnes of crude steel.&nbsp;
</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <UL style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in" type=disc>
        <LI style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Companhia Metalic
        Nordeste&nbsp; </FONT></B></LI></UL>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">A CSN subsidiary,
      Companhia Metalic Nordeste is Latin America&#146;s sole manufacturer of
      aluminum lids and two-piece steel cans for the beverage industry.
      Currently, it has a 5% share of the national beverage can market and a 38%
      share in the Northeast region.&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <UL style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in" type=disc>
        <LI style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Companhia
        Metal&#250;rgica Prada&nbsp; </FONT></B></LI></UL>
      <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"><I><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Prada
      Embalagens&nbsp; </FONT></I></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><I><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></I>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Companhia Metal&#250;rgica
      Prada joined the group in 2006. Latin America&#146;s leading manufacturer of
      steel packaging, it has 3 plants located in S&#227;o Paulo (S&#227;o Paulo),
      Uberl&#226;ndia (Minas Gerais) and Pelotas (Rio Grande do Sul), and is an
      important client for the Company&#146;s tinplate.&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Its production lines
      are equipped to deliver the high volumes and technical specifications
      demanded by the food, chemical and aerosol industries.&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Prada
      Distribui&#231;&#227;o&nbsp; </FONT></I></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></I>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company operates
      in the distribution and services market through Prada Distribui&#231;&#227;o, which
      maintains nationwide coverage through three service centers and seven
      distribution centers equipped to supply the vehicle, auto parts, home
      appliance, construction, machinery &amp; equipment, sugar &amp; ethanol,
      agricultural, resale and furniture industries. As one of the largest
      companies in the flat steel processing and distribution segment, Prada
      Distribui&#231;&#227;o sells a complete product line, adding value through its wide
      range of cutting, conformation and logistics services.&nbsp;
  </FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter53"></a><DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt" align=left><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">53</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_54></A>
<a name="_bclPageBorder54"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader54"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<DIV align=center></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" 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; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 19.45pt">
    <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; HEIGHT: 19.45pt" vAlign=top width="100%">
      <UL style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in" type=disc>
        <LI style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">GalvaSud S.A.&nbsp;
        </FONT></B></LI></UL>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">On January 29, 2010,
      the Company incorporated its subsidiary GalvaSud S.A., which became a
      branch of the Company (CSN Porto Real), seeking to optimize processes and
      maximize results by centralizing the sales, operational and administrative
      activities of both companies under a single organizational
      structure.</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN Porto Real is
      located in Porto Real, between Rio de Janeiro and S&#227;o Paulo, mainly
      serving the automotive sector and offering a wide range of world-class
      products and services. It has a hot galvanizing line and a cutting center,
      in addition to a state-of-the-art laser-welding facility.&nbsp;&nbsp;
      </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <UL style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in" type=disc>
        <LI style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN LLC&nbsp;
        </FONT></B></LI></UL>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN LLC runs a
      cold-rolling and galvanizing facility in Indiana, USA, which produces
      galvanized and cold-rolled coils.&nbsp;&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <UL style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in" type=disc>
        <LI style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Lusosider Projectos
        Sider&#250;rgicos S.A</FONT></B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">. Installed in Paio Pires, Portugal,
        Lusosider Projectos Sider&#250;rgicos S.A. manufactures cold-rolled coils and
        galvanized products.&nbsp;&nbsp; </FONT></LI></UL>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <H2 style="MARGIN: 12pt 0in 3pt"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">7.1.3. Other Activities </FONT></I></B></H2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT 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"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT></B><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Logistics&nbsp; </FONT></B></P>
      <P style="MARGIN: 0in 0in 0pt 0.75in; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
      <UL style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in" type=disc>
        <LI style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Ports&nbsp;
        </FONT></B></LI></UL>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company manages
      two terminals in the Port of Itagua&#237;, in Rio de Janeiro: a bulk solids
      terminal (Tecar) and a container terminal (Sepetiba Tecon).&nbsp;
      </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN is a major iron
      ore exporter and Tecar loads its seaborne ore shipments. It also unloads
      coal, petroleum coke, sulphur and zinc concentrate for the Company and its
      clients.&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Sepetiba Tecon, the
      Company&#146;s container and general cargo terminal, is the largest container
      terminal in Rio de Janeiro state and one of the largest in Brazil.
      Sepetiba is a hub port for cargo and one of the pillars of the Company&#146;s
      logistics platform in Itagua&#237;.&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <UL style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in" type=disc>
        <LI style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Railways&nbsp;
        </FONT></B></LI></UL>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company retains
      an interest in two railway companies:&nbsp;&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">MRS Log&#237;stica
      S.A.&nbsp; </FONT></B></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company holds a
      direct 22.93% interest in MRS Log&#237;stica S.A., which operates the former
      Southeastern Network of Rede Ferrovi&#225;ria Federal S.A. (RFFSA) in the Rio
      de Janeiro - S&#227;o Paulo- Belo Horizonte corridor. It also holds an indirect
      stake of 10.34%, giving it a total interest of 33.27%.&nbsp;&nbsp;
      </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">MRS Log&#237;stica S.A.
      focuses most of its activities on heavy haul clients (ore, coal and coke),
      as well as long-term agreements, new businesses and projects aimed at
      leveraging the company&#146;s growth.&nbsp;&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">In 2009, in the
      container segment, MRS Log&#237;stica S.A. maintained its position as Brazil&#146;s
      leading rail carrier.&nbsp; </FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter54"></a><DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="mso-bidi-font-size: 12.0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="mso-bidi-font-size: 12.0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">54</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_55></A>
<a name="_bclPageBorder55"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader55"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<DIV align=center>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 19.45pt">
    <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; HEIGHT: 19.45pt" vAlign=top width="100%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Transnordestina
      Log&#237;stica S.A.&nbsp; </FONT></B></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=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Transnordestina
      Log&#237;stica S.A. (former-Companhia Ferrovi&#225;ria do Nordeste &#150; CFN) operates
      the former Northeastern Network of Rede Ferrovi&#225;ria Federal S.A. in the
      states of Maranh&#227;o, Piau&#237;, Cear&#225;, Rio Grande do Norte, Para&#237;ba, Pernambuco
      and Alagoas.&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 style="FONT-SIZE: 10pt" face="Times New Roman,serif">In partnership with
      the federal government, the Company is investing in the construction of
      1,728 km of new track to create Nova Transnordestina Log&#237;stica, which will
      play an essential role in the development of the Northeast region (see
      Item 10.2 of this Reference Form).&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT 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"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(ii)</FONT></B><B><FONT style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT></B><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Cement&nbsp; </FONT></B></P>
      <P style="MARGIN: 0in 0in 0pt 0.75in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The cement industry
      complements steelmaking and supplies Brazil&#146;s entire construction sector,
      which is of fundamental importance for the country&#146;s economic
      development.&nbsp;&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company entered
      the cement market in 2009, adding value to the slag generated during crude
      steel production. Its plant is located in Volta Redonda, adjacent to the
      Presidente Vargas Steelworks, which produces around 1.4 million tonnes of
      blast furnace slag per year. This slag is largely used to produce type CP
      III cement (with additives) by CSN Cimentos S.A.&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">To date, CSN Cimentos
      S.A. has been operating in the Baixada Fluminense region, the south of Rio
      de Janeiro state, the Vale do Para&#237;ba and the S&#227;o Paulo Metropolitan
      Region, as well as the south of Minas Gerais state.&nbsp;&nbsp;
</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT 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"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(iii)</FONT></B><B><FONT style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT></B><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Power generation&nbsp; </FONT></B></P>
      <P style="MARGIN: 0in 0in 0pt 0.75in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company is one of
      Brazil&#146;s largest industrial electric power consumers, behind only the
      aluminum producers. Consequently, it has been investing in power
      generation projects since 1999 in order to ensure self-sufficiency. Its
      generation assets are: a 29.5% interest in It&#225; Energ&#233;tica S.A., which owns
      the It&#225; Hydroelectric Power Plant, in Santa Catarina, corresponding to 167
      MW; a 17.9% interest in the 210 MW Igarapava Hydroelectric Power Plant, in
      Minas Gerais; and the 238 MW Thermoelectric Cogeneration Center, installed
      in the Presidente Vargas Steelworks, in Volta Redonda. This unit is fueled
      by waste gases from the steel production process. All in all, the Company
      has a generating capacity of 428 MW, enough to meet all the group&#146;s power
      needs.</FONT> </P></TD></TR></TABLE></DIV>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter55"></a><DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">55</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<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>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<H2 style="MARGIN: 12pt 0in 3pt"><FONT style="FONT-VARIANT: small-caps"><I><FONT lang=PT-BR style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>7.2 Operating
segments:</B></FONT></I></FONT></H2>
<DIV align=center>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 11pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 0.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 11pt" vAlign=top width="100%">
      <P style="MARGIN: 5pt 9.65pt 5pt 7.1pt; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman Negrito,serif">a) products and
      services</FONT></I></B></P></TD></TR>
  <TR style="HEIGHT: 19.45pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 0.5pt; PADDING-LEFT: 0.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 19.45pt" vAlign=top width="100%">
      <H2 style="MARGIN: 12pt 0in 3pt"><B><FONT style="FONT-VARIANT: small-caps"><FONT style="FONT-VARIANT: normal! important" face="Times New Roman,serif"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0pt" face="Times New Roman,serif">7.2.1 - Mining&nbsp;&nbsp;
      </FONT></I></FONT></FONT></B></H2>
      <P style="MARGIN: 6pt 9.65pt 0pt 8.65pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Iron Ore&nbsp; </FONT></B></P>
      <P style="MARGIN: 6pt 9.65pt 0pt 8.65pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">The Company has consolidated its position as
      an important player in the seaborne iron ore market, becoming Brazil&#146;s
      second largest iron ore producer together with Nacional Min&#233;rios
      S.A.&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 9.65pt 0pt 8.65pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">The Company&#146;s Casa de Pedra mine has a
      current annual production capacity of 21 million tonnes. The steel segment
      uses around 7.5 million tonnes of iron ore per year for steel production.
      Casa de Pedra&#146;s production has been growing steadily in recent years due
      to its expansion project. In 2009 the mine produced 17.1 million tonnes.
      </FONT></P>
      <P style="MARGIN: 6pt 9.65pt 0pt 8.65pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">The main products from the mine&#146;s ore are
      lump ore, sinter feed and pellet feed:&nbsp;&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 9.65pt 0pt 27.5pt; TEXT-INDENT: -17.85pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face=Symbol>&#183;</FONT><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 7pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Lump ore: high iron content and a grain size
      of between 6.3 and 50 mm. In the steelworks, lump ore is added directly to
      the reduction furnaces, with no need for agglomeration; &nbsp;</FONT></P>
      <P style="MARGIN: 6pt 9.65pt 0pt 27.5pt; TEXT-INDENT: -17.85pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face=Symbol>&#183;</FONT><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 7pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Sinter feed: represents the largest portion
      of processing plant output, with a grain size of between 6.3 and 0.15 mm.
      Due to the smaller grain size, the ore undergoes a sintering process, so
      that it is agglomerated before being added to the reduction furnaces;
      &nbsp;</FONT></P>
      <P style="MARGIN: 6pt 9.65pt 6pt 27.55pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face=Symbol>&#183;</FONT><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 7pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Pellet feed: due to its extra fine grain size
      &#150; less than 0.15 mm &#150; pellet feed undergoes a pelletizing process, so that
      it is agglomerated before being added to the reduction furnaces.
      &nbsp;</FONT></P>
      <P style="MARGIN: 6pt 9.65pt 0pt 9.9pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Nacional Min&#233;rios S.A. has an annual
      production capacity of around 7 million tonnes of iron ore and also
      acquires ore from third parties.&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 9.65pt 0pt 9.9pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">In 2009, Nacional Min&#233;rios S.A. sold
      approximately 14.6 million tonnes of ore (own and third-party).&nbsp;
      </FONT></P>
      <P style="MARGIN: 6pt 9.65pt 0pt 9.9pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Nacional Min&#233;rios S.A. sells lump ore,
      concentrate, sinter feed and pellet feed.&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 9.65pt 0pt 28.9pt; TEXT-INDENT: -17.85pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face=Symbol>&#183;</FONT><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 7pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Lump Ore: high iron content and a grain size
      of between 6.3 and 50 mm. In the steelworks, lump ore is added directly to
      the reduction furnaces; &nbsp;</FONT></P>
      <P style="MARGIN: 6pt 9.65pt 0pt 28.9pt; TEXT-INDENT: -17.85pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face=Symbol>&#183;</FONT><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 7pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Pellet Feed and Concentrate: due to its extra
      fine grain size &#150; less than 0.15 mm &#150; pellet feed undergoes a pelletizing
      process; </FONT></P>
      <P style="MARGIN: 6pt 9.65pt 6pt 28.95pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face=Symbol>&#183;</FONT><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 7pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Sinter Feed:&nbsp; represents the largest
      portion of processing plant output, with a grain size of between 6.3 and
      0.15 mm. Due to the smaller grain size, the ore undergoes a sintering
      process; </FONT></P>
      <P style="MARGIN: 6pt 9.65pt 0pt 11.45pt; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Limestone and Dolomite</FONT></I></B><FONT style="FONT-VARIANT: small-caps"><B><FONT style="FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif"> </FONT></B></FONT><B><FONT style="FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">&nbsp;</FONT></B></P>
      <P style="MARGIN: 6pt 9.65pt 0pt 11.35pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">The Arcos mine, in Pedreira da Bocaina, Minas
      Gerais, is responsible for supplying the limestone and dolomite consumed
      by the Company&#146;s Presidente Vargas Steelworks in Volta
      Redonda.&nbsp;&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 9.65pt 0pt 11.45pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">After the Company entered the cement market
      in 2009, the Arcos mine the Arcos mine will also be supplying limestone
      for the production of clinker, an important cement input.&nbsp;
</FONT></P>
      <P style="MARGIN: 6pt 9.65pt 0pt 11.45pt; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Tin</FONT></I></B><FONT style="FONT-VARIANT: small-caps"><B><FONT style="FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif"> </FONT></B></FONT><B><FONT style="FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">&nbsp;</FONT></B></P>
      <P style="MARGIN: 6pt 9.65pt 0pt 11.45pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Tin, a tinplate raw material, is produced by
      ERSA - Estanho de Rond&#244;nia S.A., a Company
  subsidiary.</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center></DIV>
<a name="_bclFooter56"></a><DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">56</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_57></A>
<a name="_bclPageBorder57"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader57"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<DIV align=center>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 19.45pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 0.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 19.45pt" vAlign=top width="100%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
      <H2 style="MARGIN: 12pt 0in 3pt"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">7.2.2 - Steelmaking&nbsp;
</FONT></I></B></H2>
      <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"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company produces
      a wide variety of rolled steel products. In 2009, rolled steel production
      totaled 4,109,000 tonnes.&nbsp;&nbsp;&nbsp;&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Hot Rolled
      Products&nbsp;&nbsp; </FONT></I></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Produced in the form
      of coils and sheets by the Presidente Vargas Steelworks, in Volta Redonda,
      with thicknesses ranging from 1.2 mm to 12.7 mm. Coils are used to make
      structural auto parts and tubes and in the mechanical construction
      industry, among other applications, while the other hot-rolled products
      are used in welded tubes, auto parts, gas containers, compressors, and
      cold-formed light shapes for the construction industry, among
      others.&nbsp;&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Cold Rolled
      Products&nbsp; </FONT></I></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Also produced in the
      form of coils and sheets. In comparison to their hot-rolled counterparts,
      cold-rolled products have a uniform thickness and a higher surface quality
      and are used in car bodies, home appliances, tubes and shapes for general
      use. They also serve as the basis for galvanized and tin-coated products.
      The thickness of the Company&#146;s cold-rolled coils varies between 0.30 mm
      and 2.99 mm.&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Galvanized Steel
      Products&nbsp; </FONT></I></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Galvanized steel
      products consist of rolled flat steel coated, on one or both sides, with
      zinc or a zinc alloy, obtained from hot-dipping or electrolysis. The
      Company uses the hot-dip process, which is around 20% cheaper than
      electrolysis. Galvanizing is one of the most effective and economical
      means of protecting steel against corrosion caused by water and exposure
      to the atmosphere. Galvanized steel products are highly versatile, and are
      used in the manufacture of a wide range of products,
      including:&nbsp;&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt 2.15pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Car, truck and bus
      bodies;&nbsp; &nbsp;Products for the construction industry, such as
      roofing and external wall panels; dry wall; support structures for
      roofing, doors, windows and grates, and components for light
      structures;&nbsp; &nbsp;</FONT></P>
      <P style="MARGIN: 0in 0in 0in 0.5in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Air ducts and parts for hot air, ventilation
      and cooling systems;&nbsp; &nbsp;</FONT></P>
      <P style="MARGIN: 0in 0in 0pt 20.15pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;</FONT></P>
      <P style="MARGIN: 0in 0in 0pt 20.15pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Drains, trash cans
      and other receptacles;&nbsp; &nbsp;Storage tanks, grain silos and
      agricultural equipment;&nbsp; &nbsp;Panels and signs; and&nbsp;
      &nbsp;Pre-painted parts.&nbsp; &nbsp;</FONT></P>
      <P style="MARGIN: 0in 0in 0pt 2.15pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Galvanized sheets,
      whether painted or not, are used in gutters, guttering, tubes, and the
      external and internal cabinets of all types of home appliance, among other
      similar applications. The Company produces galvanized sheets and coils
      with thicknesses ranging from 0.30 to 3.00 mm through continuous
      processing lines using the hot-dip process, resulting in zinc-coated
      products with high adherence and uniformity that can be subjected to
      practically all types of curvature and can be processed by heavy
      machinery.&nbsp;&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt 2.15pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">In addition to
      general purpose galvanized products, the Company produces Galvanew&reg;,
      galvanized plates obtained from hot-dipping and subsequently submitted to
      annealing, which ensures that the iron in the steel base migrates to the
      surface, forming a ferrozinc alloy, which improves welding and painting
      performance. The combination of these qualities makes Galvanew&reg;
      particularly appropriate for the manufacture of home appliances and auto
      parts, including the exposed parts of auto bodies.&nbsp;&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN Paran&#225;, a branch
      of the Company, produces Galvalume, a cold-rolled steel coated with an
      aluminum and zinc alloy. The production process is similar to hot-dip
      galvanizing, but the product&#146;s resistance to corrosion is at least twice
      that of standard galvanized steel. Galvalume is mainly used in
      construction applications involving exposure to severe conditions, such as
      corrosion by acid or salt air.</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center></DIV>
<a name="_bclFooter57"></a><DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">57</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_58></A>
<a name="_bclPageBorder58"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader58"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<DIV align=center>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 19.45pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 0.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 19.45pt" vAlign=top width="100%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Galvanization allows
      the Company to add value to its products. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN Paran&#225; also
      produces pre-painted steel sheets through a continuous coating process,
      through which a layer of colored resin-based paint is added to the base
      material (cold-rolled or galvanized sheets). Pre-painted products also
      have high added value and are mostly used in the construction industry and
      the production of home appliances.&nbsp;&nbsp;&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Metallic Sheets for
      Packaging&nbsp;&nbsp; </FONT></I></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Metallic sheets
      consist of flat, low-carbon coils or sheets, with a maximum thickness, in
      compliance with Brazilian standards, of 0.45 mm, and which may be coated
      or not. The coating may be of tin or chrome and is applied by the
      electrolytic process. The cost of coating puts tin-coated products among
      those with the highest added value. There are three types of metallic
      sheet, all of which are produced by the Company as coils and
      sheets:&nbsp;&nbsp; </FONT></P>
      <UL style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in" type=disc>
        <LI style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Tinplate &#150; coated
        on one or both sides with a fine layer of metallic tin and a layer of
        chrome oxide, covered by a protective layer of oil;&nbsp; &nbsp;</FONT>
        <LI style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Chromed steel -
        coated on both sides with a very fine layer of metallic chrome and a
        layer of chrome oxide, covered by a protective layer of oil;&nbsp;
        &nbsp;</FONT>
        <LI style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Uncoated plates &#150;
        used as basis for coated metallic sheets. &nbsp;</FONT> </LI></UL>
      <P style="MARGIN: 0in 0in 0pt 0.5in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Metallic sheets for
      packaging are mainly used in cans and other receptacles. With six
      electrolytic coating lines, the Company is one of the largest
      manufacturers of metallic sheets in the world and the sole manufacturer of
      coated metallic sheets in Brazil.&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Packaging&nbsp;
      </FONT></I></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Companhia Metal&#250;rgica
      Prada is Latin America&#146;s leading manufacturer of steel packaging, with
      three plants located in S&#227;o Paulo (S&#227;o Paulo), Uberl&#226;ndia (Minas Gerais)
      and Pelotas (Rio Grande do Sul), and is an important client for the
      Company&#146;s tinplate.&nbsp; Its production lines are equipped to deliver the
      high volumes and technical specifications demanded by the food, chemical
      and aerosol industries (oil, grease, conserves, tomato-based products,
      meat products, sweets, powdered chocolate, powdered milk, etc).&nbsp;
      Companhia Metalic Nordeste produces aluminum lids and two-piece steel cans
      for the beverage industry.</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Distribution
      &nbsp;</FONT></I></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></I>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Prada Distribui&#231;&#227;o
      operates in the flat steel processing and distribution segment, with a
      wide range of products, including coils, rolls, plates, strips, blanks,
      metallic sheets, shapes, tubes and tiles, among others. It also
      specializes in steel processing services, meeting the demand of companies
      nationwide.</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 19.45pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 0.5pt; PADDING-LEFT: 0.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 19.45pt" vAlign=top width="100%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
      <H2 style="MARGIN: 12pt 0in 3pt"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">7.2.3. Other Activities and Products&nbsp;
      </FONT></I></B></H2>
      <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 0.75in; TEXT-INDENT: -0.5in; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT></B><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Logistics&nbsp; </FONT></B></P>
      <P style="MARGIN: 0in 0in 0pt 0.75in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <UL style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in" type=disc>
        <LI style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Ports:&nbsp;
        </FONT></B></LI></UL>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Wingdings>&#252;</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp; </FONT><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">TECAR:</FONT></B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"> Tecar loads the
      seaborne ore shipments of the Company and Nacional Min&#233;rios S.A. and
      unloads coal, petroleum coke, sulphur and zinc concentrate for the Company
      and its clients.&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Wingdings>&#252;</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp; </FONT><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">TECON</FONT></B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">: Sepetiba Tecon, the
      Company&#146;s container and general cargo terminal, is the largest container
      terminal in Rio de Janeiro state and one of the largest in Brazil.
      Sepetiba is a hub port for cargo and one of the pillars of the Company&#146;s
      logistics platform in Itagua&#237;. It also handles the Company&#146;s steel
      products and general cargo.</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center></DIV>
<a name="_bclFooter58"></a><DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">58</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_59></A>
<a name="_bclPageBorder59"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader59"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></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 style="HEIGHT: 19.45pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 0.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 19.45pt" vAlign=top width="100%">
      <UL style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in" type=disc>
        <LI style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Railways:
        &nbsp;</FONT></B> </LI></UL>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Wingdings>&#252;</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp; </FONT><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">MRS:</FONT></B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"> The rail
      transportation services provided by MRS Log&#237;stica S.A. play an essential
      role in supplying the Company&#146;s raw materials and shipping out its final
      products. All the iron ore exported and consumed by the Company, as well
      as the coal and coke consumed by the Presidente Vargas Steelworks is
      carried by MRS, as is part of the steel produced by the Presidente Vargas
      facility for the domestic market and exports.&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt 0.5in; TEXT-ALIGN: justify"><FONT 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"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(ii)</FONT></B><B><FONT style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT></B><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Cement&nbsp; </FONT></B></P>
      <P style="MARGIN: 0in 0in 0pt 0.75in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Currently, the
      Company produces Blast Furnace Portland Cement &#150; CP III 40 at its factory
      in Volta Redonda. This product is sold on the bulk market and in 50 kg
      bags.&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT 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"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(iii)</FONT></B><B><FONT style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT></B><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Power generation &nbsp;</FONT></B></P>
      <P style="MARGIN: 0in 0in 0pt 0.75in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company is one of
      Brazil&#146;s largest industrial electric power consumers. Through its
      Thermoelectric Cogeneration Center, installed at the Presidente Vargas
      Steelworks, in Volta Redonda, and its share in two hydroelectric power
      plants, the Company has an average generation capacity of 428 MW, meeting
      all the group&#146;s electricity needs.</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 19.45pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 0.5pt; PADDING-LEFT: 0.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 19.45pt" vAlign=top width="100%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">b) revenue from the segments and their share
      of the Company&#146;s total net revenue</FONT></P></TD></TR></TABLE>
<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: 14pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #000000 1px solid; PADDING-TOP: 0in; BORDER-BOTTOM: #000000 1px solid; HEIGHT: 14pt" vAlign=top width="25%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">R$ million</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14pt" vAlign=top width="2%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&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: 14pt" vAlign=top width="24%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">2009</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14pt" vAlign=top width="2%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&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: 14pt" vAlign=top width="24%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">2008</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14pt" vAlign=top width="2%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&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; HEIGHT: 14pt" vAlign=top width="24%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">2007</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 12.9pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #000000 1px solid; PADDING-TOP: 0in; BORDER-BOTTOM: #000000 1px solid; HEIGHT: 12.9pt" vAlign=top width="25%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Net Revenue</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.9pt" vAlign=top width="2%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&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: 12.9pt" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">10,978</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #000000 1px solid; HEIGHT: 12.9pt" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">100%</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.9pt" vAlign=top width="2%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&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: 12.9pt" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">14,003</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #000000 1px solid; HEIGHT: 12.9pt" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">100%</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.9pt" vAlign=top width="2%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&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: 12.9pt" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">11,441</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #000000 1px solid; HEIGHT: 12.9pt" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">100%</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 12.9pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #000000 1px solid; PADDING-TOP: 0in; HEIGHT: 12.9pt" vAlign=top width="25%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Steelworks</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.9pt" vAlign=top width="2%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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: 12.9pt" 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">7,894</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.9pt" 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">72%</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.9pt" vAlign=top width="2%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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: 12.9pt" 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">10,566</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.9pt" 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">75%</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.9pt" vAlign=top width="2%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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: 12.9pt" 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">9,545</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.9pt" 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">83%</FONT></P></TD></TR>
  <TR style="HEIGHT: 14pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #000000 1px solid; PADDING-TOP: 0in; HEIGHT: 14pt" vAlign=top width="25%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Mining</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14pt" vAlign=top width="2%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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: 14pt" 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">1,814</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14pt" 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">17%</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14pt" vAlign=top width="2%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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: 14pt" 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">2,085</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14pt" 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">15%</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14pt" vAlign=top width="2%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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: 14pt" 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">721</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14pt" 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">6%</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.9pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #000000 1px solid; PADDING-TOP: 0in; HEIGHT: 12.9pt" vAlign=top width="25%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Infrastructure/Cement/Others</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.9pt" vAlign=top width="2%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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: 12.9pt" 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">1,270</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.9pt" 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">11%</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.9pt" vAlign=top width="2%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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: 12.9pt" 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">1,352</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.9pt" 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">10%</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.9pt" vAlign=top width="2%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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: 12.9pt" 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">1,174</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.9pt" 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">11%</FONT></P></TD></TR>
  <TR style="HEIGHT: 14pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #000000 1px solid; PADDING-TOP: 0in; HEIGHT: 14pt" vAlign=top width="25%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" 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: 14pt" vAlign=top width="2%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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: 14pt" 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"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14pt" 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"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14pt" vAlign=top width="2%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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: 14pt" 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"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14pt" 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"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14pt" vAlign=top width="2%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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: 14pt" 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"></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; HEIGHT: 14pt" 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"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 14pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #000000 1px solid; PADDING-TOP: 0in; BORDER-BOTTOM: #000000 1px solid; HEIGHT: 14pt" vAlign=top width="25%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">COGS</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14pt" vAlign=top width="2%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&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: 14pt" vAlign=top width="24%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">(6,788)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14pt" vAlign=top width="2%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&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: 14pt" vAlign=top width="24%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">(7,024)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14pt" vAlign=top width="2%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&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; HEIGHT: 14pt" vAlign=top width="24%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">(6,674)</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 12.9pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #000000 1px solid; PADDING-TOP: 0in; HEIGHT: 12.9pt" vAlign=top width="25%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Steelworks</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.9pt" vAlign=top width="2%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 8pt" 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: 12.9pt" vAlign=top width="24%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">(5,353)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.9pt" vAlign=top width="2%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 8pt" 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: 12.9pt" vAlign=top width="24%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">(5,350)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.9pt" vAlign=top width="2%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 8pt" 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; HEIGHT: 12.9pt" vAlign=top width="24%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">(5,553)</FONT></P></TD></TR>
  <TR style="HEIGHT: 14pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #000000 1px solid; PADDING-TOP: 0in; HEIGHT: 14pt" vAlign=top width="25%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Mining</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14pt" vAlign=top width="2%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 8pt" 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: 14pt" vAlign=top width="24%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">(1,003)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14pt" vAlign=top width="2%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 8pt" 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: 14pt" vAlign=top width="24%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">(565)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14pt" vAlign=top width="2%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 8pt" 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; HEIGHT: 14pt" vAlign=top width="24%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">(376)</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.9pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #000000 1px solid; PADDING-TOP: 0in; HEIGHT: 12.9pt" vAlign=top width="25%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Infrastructure/Cement/Others</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.9pt" vAlign=top width="2%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 8pt" 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: 12.9pt" vAlign=top width="24%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">(432)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.9pt" vAlign=top width="2%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 8pt" 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: 12.9pt" vAlign=top width="24%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">(1,109)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.9pt" vAlign=top width="2%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 8pt" 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; HEIGHT: 12.9pt" vAlign=top width="24%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">(745)</FONT></P></TD></TR>
  <TR style="HEIGHT: 14pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #000000 1px solid; PADDING-TOP: 0in; HEIGHT: 14pt" vAlign=top width="25%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" 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: 14pt" vAlign=top width="2%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 8pt" 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: 14pt" vAlign=top width="24%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 8pt" 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: 14pt" vAlign=top width="2%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 8pt" 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: 14pt" vAlign=top width="24%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 8pt" 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: 14pt" vAlign=top width="2%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 8pt" 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; HEIGHT: 14pt" vAlign=top width="24%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 14pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #000000 1px solid; PADDING-TOP: 0in; BORDER-BOTTOM: #000000 1px solid; HEIGHT: 14pt" vAlign=top width="25%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Gross Profit</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14pt" vAlign=top width="2%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&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: 14pt" vAlign=top width="24%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">4,190</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14pt" vAlign=top width="2%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&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: 14pt" vAlign=top width="24%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">6,979</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14pt" vAlign=top width="2%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&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; HEIGHT: 14pt" vAlign=top width="24%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">4,767</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 12.9pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #000000 1px solid; PADDING-TOP: 0in; HEIGHT: 12.9pt" vAlign=top width="25%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Steelworks</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.9pt" vAlign=top width="2%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 8pt" 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: 12.9pt" vAlign=top width="24%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">2,541</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.9pt" vAlign=top width="2%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 8pt" 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: 12.9pt" vAlign=top width="24%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">5,216</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.9pt" vAlign=top width="2%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 8pt" 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; HEIGHT: 12.9pt" vAlign=top width="24%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">3,992</FONT></P></TD></TR>
  <TR style="HEIGHT: 14pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #000000 1px solid; PADDING-TOP: 0in; HEIGHT: 14pt" vAlign=top width="25%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Mining</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14pt" vAlign=top width="2%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 8pt" 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: 14pt" vAlign=top width="24%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">811</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14pt" vAlign=top width="2%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 8pt" 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: 14pt" vAlign=top width="24%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">1,520</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14pt" vAlign=top width="2%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 8pt" 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; HEIGHT: 14pt" vAlign=top width="24%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">345</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.9pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #000000 1px solid; PADDING-TOP: 0in; HEIGHT: 12.9pt" vAlign=top width="25%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Infrastructure/Cement/Others</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.9pt" vAlign=top width="2%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 8pt" 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: 12.9pt" vAlign=top width="24%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">838</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.9pt" vAlign=top width="2%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 8pt" 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: 12.9pt" vAlign=top width="24%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">243</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.9pt" vAlign=top width="2%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 8pt" 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; HEIGHT: 12.9pt" vAlign=top width="24%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">429</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.9pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #000000 1px solid; PADDING-TOP: 0in; HEIGHT: 12.9pt" vAlign=top width="25%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" 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: 12.9pt" vAlign=top width="2%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 8pt" 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: 12.9pt" vAlign=top width="24%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 8pt" 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: 12.9pt" vAlign=top width="2%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 8pt" 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: 12.9pt" vAlign=top width="24%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 8pt" 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: 12.9pt" vAlign=top width="2%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 8pt" 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; HEIGHT: 12.9pt" vAlign=top width="24%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 11pt">
    <TD style="BORDER-RIGHT: #000000 1px solid; PADDING-RIGHT: 0.5pt; BORDER-TOP: #000000 1px solid; PADDING-LEFT: 0.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: #000000 1px solid; PADDING-TOP: 0in; BORDER-BOTTOM: #000000 1px solid; HEIGHT: 11pt" vAlign=top width="103%" colSpan=10>
      <P style="MARGIN: 6pt 9.65pt 6pt 7.1pt; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman Negrito,serif">c) income or loss resulting from the
      segments and their share of the Company&#146;s total net
      revenue</FONT></I></B></P></TD></TR>
  <TR style="HEIGHT: 11pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 0.5pt; PADDING-LEFT: 0.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 11pt" vAlign=top width="103%" colSpan=10>
      <P style="MARGIN: 6pt 9.65pt 6pt 7.1pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Based on gross profit, the Company does not
      have criteria for apportioning net income (loss) per
  segment.</FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter59"></a><DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="mso-bidi-font-size: 12.0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="mso-bidi-font-size: 12.0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">59</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_60></A>&nbsp;
<a name="_bclPageBorder60"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader60"></a><DIV><FONT style="FONT-VARIANT: small-caps"><I><FONT lang=PT-BR style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>&nbsp;</B></FONT></I></FONT><FONT style="FONT-VARIANT: small-caps"><I><FONT lang=PT-BR style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>7.3 Products and
services:</B></FONT></I></FONT></DIV>
<DIV align=center>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 11pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 0.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 11pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 9.65pt 6pt 7.1pt; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt; LETTER-SPACING: 0pt; TEXT-DECORATION: none" face="Times New Roman Negrito,serif" color=black>a) characteristics of the
      production process</FONT></I></B></P></TD></TR>
  <TR style="HEIGHT: 19.45pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 0.5pt; PADDING-LEFT: 0.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 19.45pt" vAlign=top width="100%">
      <H2 style="MARGIN: 12pt 0in 3pt"><B><FONT style="FONT-VARIANT: small-caps"><U><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: 0.25pt" face="Times New Roman,serif">7.3.1- Mining</FONT></U></FONT></B><B><FONT style="FONT-VARIANT: small-caps"><U><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: 0.25pt" face="Times New Roman,serif">&nbsp; </FONT></U></FONT></B></H2>
      <P style="MARGIN: 6pt 9.65pt 0pt 9.35pt; TEXT-ALIGN: justify"><B><U><FONT style="FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif" color=black>Casa de Pedra
      Mine</FONT></U></B><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif" color=black>&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 9.65pt 0pt 9.35pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif" color=black>Extracting iron ore through three
      open pits, the Casa de Pedra mine operates with large-scale off-road
      trucks and bulldozers, controlled by a dynamic allocation system. The
      extracted ore is then sent for processing and the waste is sent to
      deposits outside the final pit.&nbsp;&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 9.65pt 0pt 9.35pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif" color=black>Initially, the ROM (run of mine)
      ore is unloaded in two primary grinding units, followed by secondary and
      tertiary grinding. It is then transported by conveyor belt or truck to
      homogenization yards where it is stacked in large piles, according to its
      quality. It is subsequently transferred to the classification plant, where
      it is separated into the typical categories of lump ore, sinter feed and
      extra fine. The extra fine fraction is deslimed in hydrocyclones and
      concentrated via the flotation process. The flotation concentrate, with a
      high iron content, is then dewatered in thickeners and disc filters,
      giving the final product &#150; pellet feed. The lump ore, sinter feed and
      pellet feed then go to the storage yards, from where they are transferred
      to rail cars for transportation to the domestic market and to the Port of
      Itagua&#237; in the case of exports. Casa de Pedra&#146;s production and
      classification capacity is being expanded and should reach 40 million
      tonnes per year in 2010, while maintaining product quality. The tailings
      generated during desliming and flotation are disposed of in tailings
      dams.&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 9.65pt 0pt 9.35pt; TEXT-ALIGN: justify"><B><U><FONT style="FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif" color=black>Nacional Min&#233;rios
      S.A.</FONT></U></B><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif" color=black>&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 9.65pt 0pt 0.5in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face=Symbol color=black>&#183;</FONT><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 7pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman" color=black>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif" color=black>Engenho and Pires mines
      </FONT></I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif" color=black>&nbsp;</FONT></P>
      <P style="MARGIN: 6pt 9.65pt 0pt 9.35pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif" color=black>Located in the municipality of
      Congonhas, in Minas Gerais, the Engenho mine extracts iron ore from
      sloping open 10-meter pits, operating with 25-tonne haulage trucks and
      mid-sized bulldozers. The ore is sent for processing and the waste to
      deposits outside the final pit.&nbsp;&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 9.65pt 0pt 9.35pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif" color=black>The ROM from the Engenho mine is
      taken to the Pires processing plant by bulldozers and trucks, where it
      undergoes primary grinding, followed by sieving. The retained material is
      then subjected to secondary grinding. The primary sieved material is
      classified by inclined sieves into lump ore and </FONT><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif" color=black>hematitinha</FONT></I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif" color=black>. The material with a smaller
      grain size is classified by horizontal sieves and low-field magnetic
      separators, producing sinter feed. The retained material is concentrated
      through a spiral and cyclone process in order to produce concentrate. All
      unused material is allocated to containment dams.&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 9.65pt 0pt 9.35pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif" color=black>The ROM from the dams is fed by
      bulldozers into a high intensity magnetic concentration plant, where it is
      first sieved. The retained material is disposed of and the sieved material
      undergoes a second sieving. Again the retained material is disposed of and
      the sieved material goes to the magnetic concentrator. The resulting
      tailings are disposed of in dams, the concentrate is deposited in bays and
      the intermediate material returns to the beginning of the
      process.&nbsp;&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 9.65pt 0pt 9.35pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif" color=black>After all this, the company&#146;s
      products are transported by truck and stored in yards. After the drying
      period, they are taken to the company-owned Itacolomy Rail Terminal and
      loaded into railcars for transportation to the Port of
      Itagua&#237;.&nbsp;&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 9.65pt 0pt 0.5in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face=Symbol color=black>&#183;</FONT><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 7pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman" color=black>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif" color=black>Fernandinho mine </FONT></I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif" color=black>&nbsp;</FONT></P>
      <P style="MARGIN: 6pt 9.65pt 0pt 9.35pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif" color=black>Located in the municipality of
      Itabira, in Minas Gerais, the Fernandinho mine extracts iron ore from
      sloping open 10-meter pits, operating with 25-tonne haulage trucks and
      mid-sized bulldozers. The ore is sent for processing and the waste to
      deposits outside the final pit.&nbsp;&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 9.65pt 0pt 9.35pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif" color=black>The ROM is unloaded into a
      homogenization pile, then taken by bulldozer to the processing plant,
      where it undergoes primary grinding and is classified by wet sieving, the
      material retained in the 1<SUP>st</SUP> deck being subjected to secondary
      grinding and then returned for sieving. The material retained in the
      2<SUP>nd</SUP> deck is piled, forming part of the sinter feed, while the
      sieved material is concentrated in a low-field magnetic separator and
      spiral classifier and then incorporated into the sinter feed. The tailings
      are disposed of in containment dams by gravity and the sinter feed is
      taken to the Itacolomy Rail Terminal in Pires and from there to the Port
      of Itagua&#237;.</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center></DIV>
<a name="_bclFooter60"></a><DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">60</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_61></A>
<a name="_bclPageBorder61"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader61"></a><DIV>&nbsp;</DIV>
<DIV align=center>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 19.45pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 0.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 19.45pt" vAlign=top width="100%">
      <H2 style="MARGIN: 12pt 0in 3pt"><FONT style="FONT-VARIANT: small-caps"><U><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>7.3.2 Steelmaking&nbsp;
      </B></FONT></U></FONT></H2>
      <P style="MARGIN: 6pt 9.65pt 0pt 9.35pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">The main raw materials for steel production
      in an integrated steel works are iron ore, coal, coke, and fluxes such as
      limestone and dolomite. The iron ore consumed at the Presidente Vargas
      Steelworks is extracted, crushed, screened and transported by rail from
      the Casa de Pedra mine in Congonhas, Minas Gerais, 328 km from the
      Steelworks. The high quality of Casa de Pedra&#146;s ore, which has an iron
      content of around 60%, and its low extraction costs are major contributors
      to the Company&#146;s low steel production costs</FONT><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: 0pt; TEXT-DECORATION: none" face="Times New Roman,serif" color=black>. </FONT><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">&nbsp;&nbsp;</FONT></P>
      <P style="MARGIN: 6pt 9.65pt 0pt 9.35pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Since Brazil lacks high-quality coking coal,
      the Company imports all its needs. The coal is distilled in batteries to
      produce coke and the by-product coke oven gas, which is the main source of
      fuel for the Company&#146;s thermoelectric cogeneration plant. After being
      crushed, the coke is transported to the blast furnaces, where it is used
      as a combustion source and as a component for transforming iron ore into
      pig iron</FONT><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: 0pt; TEXT-DECORATION: none" face="Times New Roman,serif" color=black>. In the sintering plants,
      </FONT><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">iron ore fines and coke or other fine-grained
      solid fuel are mixed with fluxes (limestone and dolomite) to produce
      sinter. The sinter, lump ore, fluxes and coke are then loaded into the two
      operational blast furnaces for smelting</FONT><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: 0pt; TEXT-DECORATION: none" face="Times New Roman,serif" color=black>. The Company operates
      </FONT><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">a PCI facility, which injects low-cost
      pulverized coal directly into the blast furnaces as a substitute for
      around one-third of the coke otherwise required</FONT><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: 0pt; TEXT-DECORATION: none" face="Times New Roman,serif" color=black>. </FONT><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">&nbsp;&nbsp;</FONT></P>
      <P style="MARGIN: 6pt 9.65pt 0pt 9.35pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">The iron ore is gradually reduced to pig iron
      by successive chemical reactions with carbon monoxide (from the coke and
      PCI) in two blast furnaces that operate 24 hours a day, then melts and
      flows downwards, while the impurities separate out to form a liquid slag
      with the fluxes. From time to time, the white-hot molten iron and slag are
      drawn off from the bottom of the furnace. The slag is granulated and used
      to make cement.&nbsp;&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 9.65pt 0pt 9.35pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">The molten pig iron is transported to the
      steel mill in 350-tonne-capacity torpedo cars and discharged, together
      with scrap iron and fluxes, into basic oxygen converters, where oxygen is
      injected onto the liquid to oxidize its remaining impurities and lower its
      carbon content, thus producing crude steel, which is then poured into
      230-tonne-capacity ladles and transported to the continuous casting
      machines where it is solidified into slabs.&nbsp;&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 9.65pt 0pt 9.35pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">In hot-rolling, reheated slabs from the
      continuous casting lines are fed into hot strip mills, where their
      thickness is reduced from 250 mm to between 1.2 and 12.7 mm. At the end of
      the process, the long, thin steel strip from each slab is coiled and
      conveyed to a cooling area. Some hot-rolled coils are dispatched directly
      to clients as they are, while others are further processed in the pickling
      line, where they are treated with hydrochloric acid to remove surface
      oxides and improve surface quality. After pickling, those hot-rolled coils
      selected to produce thinner materials are sent to be rolled in cold strip
      mills &#150; cold-rolled products have better surface characteristics and are
      therefore more expensive.</FONT><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: 0pt; TEXT-DECORATION: none" face="Times New Roman,serif" color=black> Most output destined for cold
      rolling is annealed and tempered to give it the desired mechanical
      qualities.&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 9.65pt 0pt 9.35pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: 0pt; TEXT-DECORATION: none" face="Times New Roman,serif" color=black>Another part of output goes to
      the coating lines for the production of rolled galvanized products, a
      process that begins with unannealed cold-rolled steel. All the Company&#146;s
      lines use hot-dip galvanizing, in which the strip is dipped into liquid
      zinc and the required thickness of the coating is obtained by removing
      excess zinc with an air razor. The galvanizing lines also equipped with an
      annealing furnace and temper mill, ensuring the desired performance of the
      material.&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 9.65pt 0pt 9.35pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: 0pt; TEXT-DECORATION: none" face="Times New Roman,serif" color=black>In the painting line, cold-rolled
      or galvanized steel is coated with a layer of paint, conferring beauty,
      color and excellent resistance against corrosion.&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 9.65pt 0pt 9.35pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: 0pt; TEXT-DECORATION: none" face="Times New Roman,serif" color=black>The tinning process consists of
      depositing a layer of tin or chrome on cold-rolled steel by electrolytic
      precipitation and applying thermal treatment to ensure conformation
      conditions. Tin and chrome are noble metals that prevent the steel from
      oxidizing, enabling its use as a packaging material.&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 9.65pt 0pt 9.35pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Steel plant equipment undergoes regular
      preventive maintenance shutdowns, normally on a weekly or monthly basis
      for rolling mills and a semi-annual or annual basis for blast furnaces and
      other special equipment</FONT><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: 0pt; TEXT-DECORATION: none" face="Times New Roman,serif" color=black>. </FONT><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif" color=black>&nbsp;&nbsp;</FONT></P>
      <P style="MARGIN: 6pt 9.65pt 0pt 9.35pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: 0pt; TEXT-DECORATION: none" face="Times New Roman,serif" color=black>The Company&#146;s</FONT><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif"> business encompasses both operational and
      commercial activities. Operational activities are handled by the
      production sector, which is composed of two units</FONT><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: 0pt; TEXT-DECORATION: none" face="Times New Roman,serif" color=black>:&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 9.65pt 0pt 29.3pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><B><FONT style="FONT-VARIANT: small-caps"><FONT style="FONT-VARIANT: normal! important" face=Symbol color=black><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face=Symbol color=black>&#183;</FONT><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 7pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman" color=black>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT></FONT></FONT></B><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">The production unit is responsible for steel
      production operations, repair shops, the internal railroad and process
      development at Volta Redonda</FONT><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: 0pt; TEXT-DECORATION: none" face="Times New Roman,serif" color=black>;</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center></DIV>
<a name="_bclFooter61"></a><DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">61</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_62></A>
<a name="_bclPageBorder62"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader62"></a><DIV>&nbsp;</DIV>
<DIV align=center>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 19.45pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 0.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 19.45pt" vAlign=top align=left width="100%">
      <P style="MARGIN: 6pt 9.65pt 0pt 29.3pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face=Symbol color=black>&#183;</FONT><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 7pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman" color=black>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">The support unit is responsible for planning
      production; managing product stockyards, electrical installations and
      other utilities; factory assistance; and workforce safety at the
      Presidente Vargas Steelworks</FONT><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: 0pt; TEXT-DECORATION: none" face="Times New Roman,serif" color=black>. </FONT><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">&nbsp;</FONT><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif" color=black>&nbsp;</FONT></P>
      <P style="MARGIN: 6pt 9.65pt 0pt 9.35pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">The production sector is also responsible for
      environmental and quality consulting, new product development, investments
      in steel processing and supervision of GalvaSud and CSN Paran&#225;&#146;s
      operations</FONT><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: 0pt; TEXT-DECORATION: none" face="Times New Roman,serif" color=black>. </FONT></P>
      <P style="MARGIN: 6pt 9.65pt 0pt 9.35pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: 0pt; TEXT-DECORATION: none" face="Times New Roman,serif" color=black>&nbsp;&nbsp;&nbsp;&nbsp; <IMG src="img1.jpg" align=center border=0> &nbsp;</FONT><B><I><FONT style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif" color=black>&nbsp;</FONT></I></B><B><I><FONT style="FONT-SIZE: 10pt; LETTER-SPACING: 0pt; TEXT-DECORATION: none" face="Times New Roman,serif" color=black>&nbsp;&nbsp;</FONT></I></B></P>
      <P style="MARGIN: 6pt 9.65pt 6pt 9.35pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: 0pt; TEXT-DECORATION: none" face="Times New Roman,serif" color=black>Prada Embalagens manufactures
      steel cans and carries out tinplate printing.&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 9.65pt 6pt 9.35pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif" color=black>Prada Distribui&#231;&#227;o has a
      production capacity of around 55,000 tonnes per month in its three service
      centers (Mogi das Cruzes &#150; SP, Cama&#231;ari - BA and Recife &#150; PE), which are
      equipped with latest-generation machinery (slitting lines for the
      production of rolls and strips and blanking lines for the production of
      plates and blanks, as well as lines for tiles, shapes and tubes). The
      materials are produced from hot-rolled, cold-rolled, </FONT><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">hot-dip galvanized, </FONT><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif" color=black>chrome-coated, uncoated and
      pre-painted steel products, as well as </FONT><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">tinplate</FONT><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif" color=black> and Galvalume.</FONT><B><I><FONT style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif" color=black> </FONT></I></B></P>
      <H2 style="MARGIN: 12pt 0in 3pt"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black>&nbsp;</FONT></I></B><FONT style="FONT-VARIANT: small-caps"><U><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>7.3.3 </B></FONT></U></FONT><FONT style="FONT-VARIANT: small-caps"><U><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>Cement</B></FONT></U></FONT> </H2>
      <H2 style="MARGIN: 12pt 0in 3pt 9.35pt"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: 0pt; TEXT-DECORATION: none" face="Times New Roman" color=black>The Company produces cement in its
      Volta Redonda plant through the grinding of </FONT><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal" face="Times New Roman">clinker</FONT><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: 0pt; TEXT-DECORATION: none" face="Times New Roman" color=black>, gypsum, limestone and slag in a
      vertical grinder. There are two grinding producing CP III 40
      cement</FONT><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal" face="Times New Roman" color=black>.</FONT></H2></TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center></DIV>
<a name="_bclFooter62"></a><DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">62</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<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>&nbsp;</DIV>
<DIV align=center>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 11pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 0.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 11pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 9.65pt 6pt 7.1pt; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt; LETTER-SPACING: 0pt; TEXT-DECORATION: none" face="Times New Roman Negrito,serif" color=black>b)</FONT></I></B><B><I><FONT style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman Negrito,serif" color=black> characteristics of the
      distribution process</FONT></I></B></P></TD></TR>
  <TR style="HEIGHT: 19.45pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 0.5pt; PADDING-LEFT: 0.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 19.45pt" vAlign=top width="100%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">I. Mining
      &nbsp;</FONT></P>
      <P style="MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">In the foreign
      market, the Company and Nacional Min&#233;rios S.A. sell their products through
      proprietary sales teams in Brazil and abroad (Portugal and Hong Kong). The
      overseas offices are also staffed by a technical support team, which
      allows the Company to remain in direct contact with its foreign clients,
      accompany their needs and execute agreements, in addition to developing
      new markets.&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Domestic market sales
      are handled by teams located at the office in Nova Lima, approximately 70
      km from the Casa de Pedra mine.</FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><IMG id="Imagem 45" height=249 src="x62x0.gif" width=423 align=center> &nbsp;
      </P>
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">II. Steelmaking&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Domestic Market &nbsp;</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">With three
      strategically-located service centers and seven distribution centers, the
      Company operates in an efficient manner throughout Brazil, offering
      ready-made, made-to-order and Kanban products, in addition to specialized
      technical support. Prada Distribui&#231;&#227;o maintains partnerships with renowned
      transportation firms in order to speed up input reception and product
      delivery nationwide.&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Foreign Market
      &nbsp;</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Most of the Company&#146;s
      exports are established directly with clients, without intermediaries
      (brokers or agents), or through the sales force of its subsidiaries
      Lusosider, in Portugal, and CSN LLC, in the USA.</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">III. Cement&nbsp;
      </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN Cimentos&#146;
      products are distributed via road and rail. It has two distribution
      centers, one in Rio de Janeiro and the other in the ABC Paulista region,
      and will open a third, in S&#227;o Jos&#233; dos Campos (SP), in mid-2010.&nbsp;
      </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Transport to the
      distribution centers is primarily handled by MRS Log&#237;stica S.A.&nbsp;
      </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN Cimentos&#146; client
      portfolio includes building material stores, concrete manufacturers,
      construction firms, mortar companies and manufacturers of cement
      artifacts.&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Sales are focused on
      retail, i.e. building material stores. This segment operates with small
      inventories, so the percentage of repurchases per month is
      substantial.&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Cement is sold bagged
      or in bulk.</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center></DIV>
<a name="_bclFooter63"></a><DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">63</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<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>&nbsp;</DIV>
<DIV align=center>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 11pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 0.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 11pt" vAlign=top width="100%" colSpan=4>
      <P style="MARGIN: 6pt 9.65pt 6pt 7.1pt; PAGE-BREAK-AFTER: auto; TEXT-ALIGN: justify"><I><U><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0pt" face="Times New Roman Negrito,serif" color=black>c</FONT></U></I><B><I><FONT style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman Negrito,serif">) </FONT></I></B><B><I><FONT style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman Negrito,serif" color=black>characteristics of the
      operational markets</FONT></I></B><B><I><FONT style="FONT-SIZE: 10pt; LETTER-SPACING: 0pt; TEXT-DECORATION: none" face="Times New Roman Negrito,serif" color=black>:</FONT></I></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid" width="100%" colSpan=4>
      <P style="MARGIN: 6pt 0in 6pt 43.5pt; TEXT-INDENT: -0.5in; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(i)</FONT></I></B><B><I><FONT style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT></I></B><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">share of each market</FONT></I></B></P>
      <P style="MARGIN: 6pt 0in 6pt 1.25in; TEXT-INDENT: 0in; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></I></B>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 13.5pt" vAlign=top width="31%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" vAlign=top width="26%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Tonnes
      (thousand)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" vAlign=top width="29%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Net revenue (R$
      million)</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; HEIGHT: 13.5pt" vAlign=top width="14%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">%</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 14.65pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.65pt" vAlign=top width="31%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Steelmaking</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.65pt" vAlign=top width="26%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.65pt" vAlign=top width="29%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.65pt" vAlign=top width="14%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 13.5pt" vAlign=top width="31%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Domestic market</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" vAlign=top width="26%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">3,243</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" vAlign=top width="29%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">6,770</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" vAlign=top width="14%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">62%</FONT></P></TD></TR>
  <TR style="HEIGHT: 14.65pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.65pt" vAlign=top width="31%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Foreign market</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.65pt" vAlign=top width="26%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">867</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.65pt" vAlign=top width="29%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">1,124</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.65pt" vAlign=top width="14%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">10%</FONT></P></TD></TR>
  <TR style="HEIGHT: 14.65pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.65pt" vAlign=top width="31%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" 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: 14.65pt" vAlign=top width="26%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">4,110</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.65pt" vAlign=top width="29%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">7,894</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; HEIGHT: 14.65pt" vAlign=top width="14%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">72%</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 13.5pt" vAlign=top width="31%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Mining</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" vAlign=top width="26%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" vAlign=top width="29%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" vAlign=top width="14%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 14.65pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.65pt" vAlign=top width="31%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Domestic market</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.65pt" vAlign=top width="26%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">3,942</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.65pt" vAlign=top width="29%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">97.8</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.65pt" vAlign=top width="14%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">1%</FONT></P></TD></TR>
  <TR style="HEIGHT: 14.65pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.65pt" vAlign=top width="31%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Foreign market</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.65pt" vAlign=top width="26%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">16,766</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.65pt" vAlign=top width="29%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">1,716</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.65pt" vAlign=top width="14%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">16%</FONT></P></TD></TR>
  <TR style="HEIGHT: 14.65pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.65pt" vAlign=top width="31%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" 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: 14.65pt" vAlign=top width="26%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">20,707</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.65pt" vAlign=top width="29%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">1,814</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; HEIGHT: 14.65pt" vAlign=top width="14%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">17%</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 13.5pt" vAlign=top width="31%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" 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: 13.5pt" vAlign=top width="26%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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: 13.5pt" vAlign=top width="29%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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; HEIGHT: 13.5pt" vAlign=top width="14%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 14.65pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.65pt" vAlign=top width="31%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Infrastructure/Cement/Other</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.65pt" vAlign=top width="26%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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: 14.65pt" vAlign=top width="29%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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; HEIGHT: 14.65pt" vAlign=top width="14%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 13.5pt" vAlign=top width="31%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Domestic market</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" vAlign=top width="26%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" vAlign=top width="29%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">1,239</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" vAlign=top width="14%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">11%</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 13.5pt" vAlign=top width="31%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Foreign market</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" vAlign=top width="26%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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: 13.5pt" vAlign=top width="29%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">31.6</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" vAlign=top width="14%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">0%</FONT></P></TD></TR>
  <TR style="HEIGHT: 14.65pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.65pt" vAlign=top width="31%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.65pt" vAlign=top width="26%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.65pt" vAlign=top width="29%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">1,271</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.65pt" vAlign=top width="14%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">11%</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 14.65pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.65pt" vAlign=top width="31%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.65pt" vAlign=top width="26%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">TOTAL</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.65pt" vAlign=top width="29%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">10,978</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.65pt" vAlign=top width="14%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">100%</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid" width="100%" colSpan=4>
      <P style="MARGIN: 6pt 9.65pt 6pt 8.3pt; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 8pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif"></FONT></I></B>&nbsp;</P>
      <P style="MARGIN: 6pt 9.65pt 0pt 8.3pt; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 8pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">(ii)</FONT></I></B><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">&nbsp;</FONT></I><B><I><FONT style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif"> competitive conditions in the
      markets</FONT></I></B><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif"> </FONT></I></P>
      <P style="MARGIN: 6pt 9.65pt 0pt 8.3pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman Negrito,serif">Mining</FONT></B><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 9.65pt 0pt 8.3pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face=Times,serif>In 2008-2009, due to the global financial crisis, the
      entire iron ore industry turned its attention to the only active market at
      that time &#150; China. As a result, 56% of the Company&#146;s ore exports in 2009
      went to the China, versus 16% to Europe and 16% to the Middle East.
      </FONT><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: 0pt" face="Times New Roman,serif">It is worth noting that 95% of the Company&#146;s
      total iron ore revenue comes from exports.</FONT><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 9.65pt 0pt 8.3pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman Negrito,serif">Steelmaking</FONT></B><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: 0pt; TEXT-DECORATION: none" face="Times New Roman Negrito,serif" color=black> </FONT><FONT style="FONT-VARIANT: small-caps"><B><FONT style="FONT-SIZE: 12pt; FONT-STYLE: normal; LETTER-SPACING: 0pt; TEXT-DECORATION: none" face="Times New Roman,serif" color=black>&nbsp;&nbsp;</FONT></B></FONT></P>
      <P style="MARGIN: 6pt 9.65pt 0pt 8.3pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">The steel industry is fiercely competitive in
      terms of price. Brazil exports steel products and is therefore subject to
      several conditioning factors, including trade barriers, WTO strictures,
      the Brazilian government&#146;s foreign exchange policy and the pace of global
      economic growth. In addition, continuous advances in materials sciences
      and technologies have given rise to new products that compete with
      traditional steel products. These steel substitutes include plastics,
      aluminum, ceramics and glass.&nbsp;&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 9.65pt 0pt 8.3pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">The steel industry is also intensely
      competitive in terms of product quality and customer service, as well as
      in terms of technological advances that reduce production costs. Other
      factors include competition from foreign companies and the appreciation of
      the Brazilian real against the U.S. dollar, as well as the productivity of
      the Company&#146;s own plants and the availability, quality and cost of raw
      materials and labor.&nbsp; </FONT><B><FONT style="FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: 0pt; TEXT-DECORATION: none" face="Times New Roman,serif" color=black>&nbsp;&nbsp;</FONT></B></P>
      <P style="MARGIN: 6pt 9.65pt 0pt 8.3pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: 0pt; TEXT-DECORATION: none" face="Times New Roman,serif" color=black>Cement</FONT></B><B><FONT style="FONT-SIZE: 12pt; FONT-STYLE: normal; LETTER-SPACING: 0pt; TEXT-DECORATION: none" face="Times New Roman,serif" color=black>&nbsp; </FONT></B></P>
      <P style="MARGIN: 6pt 9.65pt 6pt 8.2pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: 0pt; TEXT-DECORATION: none" face="Times New Roman,serif" color=black>The quality of the cement
      produced the subsidiary CSN Cimentos S.A. is similar to that of its
      competitors. CSN Cimentos S.A. began operating in May 2009, and the
      Cimento CSN<SUP>&reg;</SUP> brand is already well-known and widely accepted in
      many markets.</FONT><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: 0pt; TEXT-DECORATION: none" face="Times New Roman Negrito,serif" color=black>
</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center></DIV>
<a name="_bclFooter64"></a><DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">64</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<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>&nbsp;</DIV>
<DIV align=center>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 11pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 0.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 11pt" vAlign=top width="100%" colSpan=2>
      <P style="MARGIN: 6pt 9.65pt 6pt 7.1pt; PAGE-BREAK-AFTER: auto; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman Negrito,serif">d) possible
      seasonality</FONT></I></B></P></TD></TR>
  <TR style="HEIGHT: 19.45pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 0.5pt; PADDING-LEFT: 0.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 19.45pt" vAlign=top width="100%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">I. Mining&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Iron ore sales are
      subject to the seasonality of the steel industry. However, thanks to
      strong demand, the Company&#146;s shipments are well distributed over the year,
      in line with its port capacity.&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">II. Steelmaking&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Domestic Market&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Undue periods of seasonality have not been
      identified in the domestic market.&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Foreign Market&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">There are periods of
      seasonality in the foreign market that cause demand to fluctuate, such as
      the northern hemisphere winter, the summer vacations in Europe, Chinese
      New Year, etc. However, due to the lower volume and export diversification
      (markets and clients), the Company&#146;s exposure to these seasonal factors
      has been reduced.&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">III. Cement &nbsp;</FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">There is no undue seasonality.</FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 11pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 0.5pt; PADDING-LEFT: 0.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 11pt" vAlign=top width="100%" colSpan=2>
      <P style="MARGIN: 6pt 9.65pt 6pt 7.1pt; PAGE-BREAK-AFTER: auto; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman Negrito,serif">e) main inputs and raw materials:
      </FONT></I></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid" width="100%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company&#146;s main
      steel production raw materials are iron ore, coal, coke, aluminum, tin,
      zinc, limestone and dolomite. Others include liquid gases, natural gas,
      scrap metal, and refractories. It is important to note that the Company is
      self-sufficient in the main inputs, such as iron ore, tin, limestone and
      dolomite.&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company has no
      significant inputs and raw materials in the mining segment.&nbsp;
      </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The main cement
      production inputs and raw materials are blast furnace slag, obtained from
      the Company&#146;s steelmaking process, and clinker, which is currently
      acquired from third parties, but which will be produced by the Company in
      the future.&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(i) Description of
      relations with suppliers, including whether they are subject to government
      control or regulations and, if so, listing the governmental bodies and the
      respective applicable legislation&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Generally, the
      Company maintains supply or sales agreements with its main input suppliers
      and does everything possible to ensure long-term relations.&nbsp;&nbsp;
      </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company&#146;s main input suppliers
      are:</FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><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; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="74%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">BHP Billiton, Rio Tinto, Anglo Coal, Jim
      Walter Resources and Alpha Natural Resources</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="26%">
      <P style="MARGIN: 0in 0in 0pt 0.2pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Coal</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="74%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Noble, Glencore and Milpa</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="26%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Coke</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="74%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Imbra and Alubar <SUP>(1)</SUP></FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="26%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Aluminum</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="74%">
      <P style="MARGIN: 0in 0in 0pt 7.1pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Votorantim Metais<SUP>(1)</SUP></FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="26%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Zinc</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="74%">
      <P style="MARGIN: 0in 0in 0pt 7.1pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">ERSA</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="26%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Tin</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="74%">
      <P style="MARGIN: 0in 0in 0pt 7.1pt"><FONT lang=PT-BR style="FONT-SIZE: 8pt" face="Times New Roman,serif">Bardella Timken
      Servi&#231;os, Sulcromo Revestimentos Industriais and Mwl Brasil Rodas e Eixos
      Ltda</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="26%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Spare parts</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="74%">
      <P style="MARGIN: 0in 0in 0pt 7.1pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Magnesita, Saint Gobain and RHI</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="26%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Refractories</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="74%">
      <P style="MARGIN: 0in 0in 0pt 7.1pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Trufer and RFR</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="26%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Scrap</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="74%">
      <P style="MARGIN: 0in 0in 0pt 7.1pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">VALE and Ferlig</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="26%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Ferroalloys</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="74%">
      <P style="MARGIN: 0in 0in 0pt 7.1pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Petrobras and Quaker</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="26%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Lubricants</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid" width="100%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" face="Times New Roman,serif" color=#1f497d></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;(1) We rely on these suppliers, since
      they are the only aluminum and zinc suppliers in Brazil.&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The main material
      purchased by the Company is coal, all of which is imported.&nbsp;
      </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(ii) possible
      dependence on a few suppliers&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company only
      acquires natural gas from state concessionaires, who retain a legal
      monopoly. Nevertheless, these concessionaires have to comply with specific
      legislation that ensures supply to their contracted clients (see item 4.1
      (e)).&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">There are other cases
      of dependence, such as zinc from Votorantim Metais, but in these cases,
      supply agreements are normally negotiated, and the Company actively seeks
      out new suppliers and alternatives.&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company also
      relies on suppliers of clinker, a cement input, having entered into a
      supply agreement with Votoran for a determined period. However, it will
      begin producing its own clinker when the Arcos plant starts up at the end
      of 2010. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(iii) possible price
      volatility </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The steel industry is
      subject to price volatility in regard to certain production inputs,
      including iron ore, coal, coke, aluminum, tin and zinc. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Almost all inputs
      used by the Company are subject to international price
      variations.</FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter65"></a><DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">65</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<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 style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>7.4 Relevant clients (accounting for more than
10% of the Company&#146;s total revenue):</B></FONT></I></FONT></DIV>
<DIV align=center>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 11pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 0.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 11pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 9.65pt 6pt 7.1pt; TEXT-ALIGN: justify"><I><FONT style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman Negrito,serif"><B>a) total revenue from the
      client(s)</B></FONT></I></P></TD></TR>
  <TR style="HEIGHT: 19.45pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 0.5pt; PADDING-LEFT: 0.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 19.45pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 9.65pt 6pt 7.1pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">There is no client in the domestic or
      international market accounting for more than 10% of the Company&#146;s total
      net revenue.</FONT></P></TD></TR>
  <TR style="HEIGHT: 11pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 0.5pt; PADDING-LEFT: 0.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 11pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 9.65pt 6pt 7.1pt; TEXT-ALIGN: justify"><I><FONT style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman Negrito,serif"><B>b) operating segments affected by
      revenues from the client(s)</B></FONT></I></P></TD></TR>
  <TR style="HEIGHT: 19.45pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 0.5pt; PADDING-LEFT: 0.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 19.45pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 9.65pt 6pt 7.1pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">There is no client in the domestic or
      international market accounting for more than 10% of the Company&#146;s total
      net revenue.</FONT></P></TD></TR></TABLE></DIV>
<H2 style="MARGIN: 12pt 0in 3pt"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp; </FONT></I></B></H2>
<a name="_bclFooter66"></a><DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">66</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_67></A>
<a name="_bclPageBorder67"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader67"></a><DIV><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B><FONT face="Times New Roman">7.5 Significant
effects of government regulations on the Company&#146;s
operations:</FONT></B></FONT></I></FONT></DIV>
<DIV align=center>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 11pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 0.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 11pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 9.65pt 6pt 7.1pt; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman Negrito,serif">a) need for government authorization
      to carry out operations and the history of relations with the government
      in regard to obtaining such authorizations</FONT></I></B></P></TD></TR>
  <TR style="HEIGHT: 19.45pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 0.5pt; PADDING-LEFT: 0.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 19.45pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 8.7pt 0pt 8.45pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Times,serif>Among the activities pursued by
      the Company, mining, logistics and energy are subject to several
      government authorizations, the most important of which are listed
      below.&nbsp;&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 8.7pt 0pt 0.5in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><B><U><FONT style="FONT-SIZE: 10pt" face=Times,serif>Mining
      </FONT></U></B></P>
      <P style="MARGIN: 6pt 8.7pt 0pt 8.45pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Times,serif>According to Brazilian
      legislation, the federal government owns all mineral resources. Therefore,
      in order to explore iron ore, whether for sale or steel production in
      Brazil, the Company depends on the authorization and/or concession of
      mining rights by the federal government, either through the Ministry of
      Mines and Energy or the National Department of Mineral Production. The
      Company&#146;s current mining rights are listed below: </FONT><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;</FONT></I></B></P>
      <P style="MARGIN: 6pt 8.7pt 0pt 25.25pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New (W1),serif">MINING
      RIGHTS ORDINANCE No. 234 OF JANUARY 24, 1956 &#150; DNPM PROCEEDINGS No.
      043.306/1956; 000.433/1956; 043.302/1956; 043.305/1956; 043.309/1956;
      </FONT></P>
      <P style="MARGIN: 6pt 8.7pt 0pt 25.25pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New (W1),serif">MINING
      RIGHTS ORDINANCE No. 18.275 OF APRIL 7, 1945 &#150; DNPM PROCEEDING No.
      003.664/1942; </FONT></P>
      <P style="MARGIN: 6pt 8.7pt 0pt 25.25pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New (W1),serif">MINING
      PRONOUNCEMENT No. 234 OF JANUARY 1, 1938 &#150; DNPM PROCEEDING No.
      004.434/1938; </FONT></P>
      <P style="MARGIN: 6pt 8.7pt 0pt 25.25pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New (W1),serif">MINING
      PRONOUNCEMENT No. 310 OF MARCH 9, 1936 &#150; DNPM PROCEEDING No. 002.741/1935;
      </FONT></P>
      <P style="MARGIN: 6pt 8.7pt 0pt 25.25pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New (W1),serif">MINING
      RIGHTS ORDINANCE No. 1.676 OF NOVEMBER 6, 1980 &#150; DNPM PROCEEDING No.
      818.378/1972; </FONT></P>
      <P style="MARGIN: 6pt 8.7pt 0pt 25.25pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New (W1),serif">MINING
      RIGHTS ORDINANCE No. 1.880 OF DECEMBER 15, 1980 &#150; DNPM PROCEEDING No.
      003.325/1960; </FONT></P>
      <P style="MARGIN: 6pt 8.7pt 0pt 25.25pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New (W1),serif">MINING
      RIGHTS ORDINANCE No. 1.203 OF AUGUST 31, 1982 &#150; DNPM PROCEEDING No.
      003.327/1960; </FONT></P>
      <P style="MARGIN: 6pt 8.7pt 0pt 25.25pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New (W1),serif">MINING
      RIGHTS ORDINANCE No. 1.875 OF DECEMBER 15, 1980 &#150; DNPM PROCEEDING No.
      807.385/1970; </FONT></P>
      <P style="MARGIN: 6pt 8.7pt 0pt 25.25pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New (W1),serif">MINING
      RIGHTS ORDINANCE No. 2.335 OF NOVEMBER 30, 1979 &#150; DNPM PROCEEDING No.
      802.717/1976; </FONT></P>
      <P style="MARGIN: 6pt 8.7pt 0pt 25.25pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New (W1),serif">MINING
      RIGHTS ORDINANCE No. 2.303 OF NOVEMBER 29, 1979 &#150; DNPM PROCEEDING No.
      802.718/1976; </FONT></P>
      <P style="MARGIN: 6pt 8.7pt 0pt 25.25pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New (W1),serif">MINING
      RIGHTS ORDINANCE No. 437 OF APRIL 28, 1986 &#150; DNPM PROCEEDING No.
      810.840/1976; </FONT></P>
      <P style="MARGIN: 6pt 8.7pt 0pt 25.25pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New (W1),serif">MINING
      RIGHTS ORDINANCE No. 225 OF MARCH 3, 1988 &#150; DNPM PROCEEDING No.
      802.587/1978; </FONT></P>
      <P style="MARGIN: 6pt 8.7pt 0pt 25.25pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New (W1),serif">MINING
      RIGHTS ORDINANCE No. 1.191 OF JULY 22, 1987 &#150; DNPM PROCEEDING No.
      880.026/1981; </FONT></P>
      <P style="MARGIN: 6pt 8.7pt 0pt 25.25pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New (W1),serif">MINING
      RIGHTS ORDINANCE No. 63.302 OF OCTOBER 1, 1968 &#150; DNPM PROCEEDING No.
      003.425/1960; and </FONT></P>
      <P style="MARGIN: 6pt 8.7pt 0pt 25.25pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New (W1),serif">MINING
      RIGHTS ORDINANCE No. 38 OF FEBRUARY 18, 1997 &#150; DNPM PROCEEDING No.
      804.278/1974.</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center></DIV>
<a name="_bclFooter67"></a><DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">67</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_68></A>
<a name="_bclPageBorder68"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader68"></a><DIV>&nbsp;</DIV>
<DIV align=center>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 19.45pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 0.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 19.45pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 8.7pt 0pt 44.45pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><B><U><FONT style="FONT-SIZE: 10pt" face=Times,serif>Rail Logistics
      </FONT></U></B></P>
      <P style="MARGIN: 6pt 8.7pt 0pt 9.85pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Times,serif>In Brazil, rail transport service
      regulations mainly include aspects associated with: (i) relations (a)
      between the federal government and railway operators; (b) between railway
      operators and other companies exploring railways on a commercial basis;
      and (c) between railway operators and their respective users; (ii) safety;
      (iii) civil liability; and (iv) transport of hazardous products.
      </FONT><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;</FONT></I></B></P>
      <P style="MARGIN: 6pt 8.7pt 0pt 9.85pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Times,serif>The Brazilian rail transport
      sector is regulated by the National Ground Transport Agency (ANTT), whose
      duties include regulating the management of concession and leasing
      agreements, the monitoring of compliance with contractual clauses related
      to the provision of railway services and the maintenance and replacement
      of leased assets, as well as the actual operations of the
      concessionaires.&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 8.7pt 0pt 9.85pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Times,serif>Since the Company holds interests
      in MRS Log&#237;stica S.A. and Transnordestina Log&#237;stica S.A., it is subject to
      the applicable rules related to operations in this sector issued by the
      ANTT. </FONT><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;</FONT></I></B></P>
      <P style="MARGIN: 6pt 8.7pt 0pt 44.45pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><B><U><FONT style="FONT-SIZE: 10pt" face=Times,serif>Port Logistics
      </FONT></U></B></P>
      <P style="MARGIN: 6pt 8.7pt 0pt 9.85pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Times,serif>The federal government is
      responsible for the exploration of sea ports, whether directly or through
      authorization, concession or permission agreements, in accordance with
      Article 21, paragraph XII, item &#147;f&#148; of the Federal Constitution of 1988.
      The legal framework for the exploration of ports is regulated by Law 8,630
      of February 25, 1993, whose Article 1, paragraph 2, establishes that the
      concession of organized ports shall always be preceded by a public
      bid.&nbsp; </FONT><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;</FONT></I></B></P>
      <P style="MARGIN: 6pt 8.7pt 0pt 9.85pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Times,serif>The concessionaire of the
      organized ports in the state of Rio de Janeiro, where CSN's port terminals
      are located, is Companhia Docas do Rio de Janeiro (Docas). Companies
      interested in building, renovating, expanding, leasing, and exploring port
      facilities in the organized ports may, through a public bid, enter into a
      leasing agreement with Docas, which is responsible for monitoring the
      respective operations. Companies wishing to build port terminals outside
      the organized ports are subject to direct authorization from the federal
      government.&nbsp;&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 8.7pt 0pt 9.85pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Times,serif>The entire port sector is
      regulated by the National Waterway Transport Agency (ANTAQ), created by
      Law 10,233 of June 5, 2001. Brazil&#146;s Federal Revenue Service is
      responsible for authorizing and inspecting terminal customs areas.&nbsp;
      </FONT></P>
      <P style="MARGIN: 6pt 8.7pt 0pt 9.85pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Times,serif>As the leaseholder of a coal
      terminal (Tecar) and an iron ore and container terminal (Sepetiba Tecon),
      the Company is subject to the monitoring and inspection requirements of
      Docas, ANTAQ and the Federal Revenue Service. </FONT><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;</FONT></I></B></P>
      <P style="MARGIN: 6pt 8.7pt 0pt 44.45pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><B><U><FONT style="FONT-SIZE: 10pt" face=Times,serif>Power
      Generation&nbsp; </FONT></U></B></P>
      <P style="MARGIN: 6pt 8.7pt 0pt 9.85pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Times,serif>In order to build or operate
      power generation, transmission or distribution facilities in Brazil, the
      Company depends on the granting of concessions, permission, or
      authorization, as the case may be, from the Ministry of Mines and Energy
      (MME) or the Brazilian Electricity Regulatory Agency (ANEEL), as the
      representative of the granting power. The grants confer the right to
      generate, transmit or distribute electricity in the respective concession
      area during a given period of time. </FONT><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;</FONT></I></B></P>
      <P style="MARGIN: 6pt 8.7pt 0pt 9.85pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Times,serif>The MME acts as the granting
      power on behalf of the federal government, and its main duty is to
      determine policies, guidelines and regulations, including the rules
      governing the granting of concessions and the bidding processes for
      electricity service concessions and installations.&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 8.7pt 0pt 9.85pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Times,serif>ANEEL&#146;s main duty is to regulate
      and inspect the energy sector according to the policy set forth by the
      MME, in addition to responding to the questions delegated to it by the
      granting power. ANEEL&#146;s duties also include (1) monitoring the power
      generation, transmission and distribution concessions, including the
      approval of tariffs; (2) issuing energy sector regulations; (3)
      implementing and regulating the exploration of energy sources, including
      the use of hydroelectric power; (4) holding bids for new concessions; (5)
      settling administrative disputes between power generators and their
      customers; and (6) establishing the criteria and methodology for
      determining transmission tariffs.&nbsp;
</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center></DIV>
<a name="_bclFooter68"></a><DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">68</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<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>&nbsp;</DIV>
<DIV align=center>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 19.45pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 0.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 19.45pt" vAlign=top width="99%">
      <P style="MARGIN: 6pt 8.7pt 0pt 9.85pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Times,serif>Since it retains interests in the
      concessionaires It&#225; Energ&#233;tica S.A. and Cons&#243;rcio da Usina Hidrel&#233;trica de
      Igarapava, in addition to owning a Thermoelectric Cogeneration Center
      (CTE) at the Presidente Vargas Steelworks, the Company is subject to
      energy sector regulations.&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 8.7pt 0pt 9.85pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face=Times,serif>History&nbsp; </FONT></B></P>
      <P style="MARGIN: 6pt 8.8pt 6pt 9.9pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Times,serif>The Company and its subsidiaries,
      in the performance of their activities, have maintained close relations
      with the agencies responsible for authorizations in general so as to
      fulfill their requirements, without prejudice to their business
      plans.&nbsp;&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 8.7pt 0pt 9.85pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Environmental
      Legislation&nbsp; </FONT></B></P>
      <P style="MARGIN: 6pt 8.7pt 0pt 9.85pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company is
      subject to the environmental laws and regulations concerning atmospheric
      emissions, the disposal of effluents, and the management and treatment of
      solid and hazardous waste at municipal, state, and federal level. It is
      therefore committed to monitoring the environmental impact caused by its
      operations in the steel, mining, cement and logistics sectors, in
      compliance with international and Brazilian environmental laws and
      regulations.&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 8.7pt 0pt 9.85pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Brazilian
      Constitution grants powers to the federal and state governments to enact
      environmental protection laws and issue regulations in accordance with
      said laws. The Company is also subject to municipal environmental
      protection laws and regulations. While the Brazilian government is
      empowered to establish minimum environmental protection standards, the
      municipal and state governments are empowered to impose much stricter
      regulations. As a result, most environmental regulations in Brazil are
      municipal and state-enacted and have been complemented by reviews and new
      proposals. The environmental regulations of the state of Rio de Janeiro,
      where the Presidente Vargas Steelworks is located, contain specific rules
      for these types of unit. The operating licenses or environmental
      agreements set forth specific standards and objectives and are issued for
      each company or unit. These specific operating requirements complement the
      general standards and regulations, and must be complied with as long as
      the licenses and agreements are in effect. The terms of these operating
      licenses are subject to change and tend to become stricter over time.
      Currently, all the Company&#146;s facilities have been issued with operating
      licenses.&nbsp;&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 8.7pt 0pt 9.85pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt" face=Times,serif>In the
      last three years, the Company has filed several requests and obtained
      renewals and environmental licenses from the competent authorities for its
      current operations or new projects in the steel, mining, logistics and
      cement areas, including</FONT><FONT style="FONT-SIZE: 10pt" face=Times,serif>: an installation license for increasing the production
      capacity of the Casa de Pedra mine to 40 million tonnes per year;
      installation licenses for the Eliseu Martins/PI &#150; Trindade /PE,
      Salgueiro/PE &#150; Suape/PE and Miss&#227;o Velha/CE &#150; Pec&#233;m/CE stretches of the
      Ferrovia Transnordestina railway; and pre-operating authorization for the
      Company&#146;s first cement factory in the state of Rio de Janeiro.&nbsp;&nbsp;
      </FONT></P>
      <P style="MARGIN: 6pt 8.7pt 0pt 9.85pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Concessions for the
      Exploration of Mines</FONT></B></P>
      <P style="MARGIN: 6pt 8.7pt 0pt 9.85pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt" face="Times New Roman,serif">The Company&#146;s mining activities are governed
      by the Brazilian Constitution and the Mining Code, being subject to the
      resulting laws, standards and regulations. According to the Brazilian
      Constitution, all mineral resources belong to Brazil. Mining operations at
      the Casa de Pedra mine are based on a concession which granted the Company
      full ownership over the mineral deposits within the boundaries of its
      property, while operations at the Bocaina mine (MG) are based on a similar
      concession. The mining activities of Nacional Min&#233;rios S.A. at the Engenho
      and Fernandinho mines are based on concessions that grant them mining
      rights as long as the reserves exist.</FONT></P></TD></TR>
  <TR style="HEIGHT: 11pt">
    <TD style="BORDER-RIGHT: #000000 1px solid; PADDING-RIGHT: 0.5pt; PADDING-LEFT: 0.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: #000000 1px solid; PADDING-TOP: 0in; BORDER-BOTTOM: #000000 1px solid; HEIGHT: 11pt" vAlign=top width="99%">
      <P style="MARGIN: 6pt 9.65pt 6pt 7.1pt; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman Negrito,serif">b) the Company&#146;s environmental policy
      and the costs incurred to comply with environmental regulations and, if
      applicable, other environmental practices, including compliance with
      international environmental protection standards:</FONT></I></B></P></TD></TR>
  <TR style="HEIGHT: 19.45pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 0.5pt; PADDING-LEFT: 0.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 19.45pt" vAlign=top width="99%">
      <P style="MARGIN: 6pt 9.65pt 6pt 8.45pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: 0.1pt" face="Times New Roman,serif">The Company employs socially responsible
      environmental management and sustainable development procedures in all of
      its business segments. In addition to prioritizing the use of the most
      up-to-date environmental risk management and monitoring equipment, the
      Company maintains an Internal Environmental Management Committee, composed
      of professionals from all areas of the Presidente Vargas Steelworks, its
      main unit. This committee meets on a weekly basis, aiming to prevent
      possible environmental damage. </FONT><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">The Company also maintains an environmental
      department subject to an Environment Management System in accordance with
      ISO 14001:2004 standards, as well as a commission for environmental
      management composed of professionals from its main units. Since its
      privatization, the Company has invested in a series of environmental
      protection and recovery programs. Environment-related expenditures in
      2009, 2008 and 2007 (including capitalization and funding) totaled R$902.8
      million, primarily related to: (i) the operation and maintenance of
      environmental control equipment; (ii) the preparation of environmental
      studies to obtain licenses; and (iii) measurements and projects related to
      the recovery of environmental liabilities resulting from operations in
      previous years, especially prior to privatization. The main provisions for
      environmental contingencies on December 31, 2009 were related to
      environmental remedial obligations in regard to coal mines in the state of
      Santa Catarina deactivated in 1989; projected legal environmental
      compensation for new projects in the states of Minas Gerais and Rio de
      Janeiro; and environmental remedial obligations resulting from activities
      at the Presidente Vargas Steelworks. These provisions do not include any
      environmental liabilities related to ERSA, which are the sole
      responsibility of its former owner (CESBRA/BRASCAN), pursuant to a
      specific agreement. The Company maintains provisions for the cost of
      environmental proceedings and the respective remedial measures when an
      unfavorable ruling is possible and when the amount in question can be
      estimated. The Company also records provisions for all environmental
      responsibilities and obligations formally notified by the administrative
      and legal authorities. </FONT></P>
      <P style="MARGIN: 6pt 9.65pt 6pt 8.45pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 11pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 0.5pt; PADDING-LEFT: 0.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 11pt" vAlign=top width="99%">
      <P style="MARGIN: 6pt 9.65pt 6pt 7.1pt; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman Negrito,serif">c) dependence on patents, brands,
      licenses, concessions, franchises and royalty agreements for the execution
      of the Company&#146;s activities</FONT></I></B></P></TD></TR>
  <TR style="HEIGHT: 19.45pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 0.5pt; PADDING-LEFT: 0.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 19.45pt" vAlign=top width="99%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Apart from those described in items (a) and
      (b) above, there are no state regulations regarding dependence on patents,
      licenses, concessions, franchises or royalty agreements that are relevant
      to the execution of the Company&#146;s activities.
</FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter69"></a><DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="mso-bidi-font-size: 12.0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">69</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_70></A>
<a name="_bclPageBorder70"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader70"></a><DIV><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman,serif"><I><B>7.6 Information on countries in which the
Company has earned significant revenue:</B></I></FONT></DIV>
<DIV align=center>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 11pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 0.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 11pt" vAlign=top width="100%" colSpan=3>
      <P style="MARGIN: 6pt 9.65pt 6pt 7.1pt; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman Negrito,serif">a) revenue from clients attributed to
      the country where the Company is headquartered and its share of the
      Company&#146;s total net revenue</FONT></I></B></P></TD></TR>
  <TR style="HEIGHT: 11pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 0.5pt; PADDING-LEFT: 0.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 11pt" vAlign=top width="100%" colSpan=3>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">In 2009, the Company&#146;s net revenue from the
      country where it is headquartered amounted to R$8,106. 5 million,
      accounting for 74% of its total net revenue.</FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 11pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 0.5pt; PADDING-LEFT: 0.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 11pt" vAlign=top width="100%" colSpan=3>
      <P style="MARGIN: 6pt 9.65pt 6pt 5.1pt; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman Negrito,serif">b) revenue from clients attributed to
      each foreign country and their share of the Company&#146;s total net
      revenue</FONT></I></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid" width="100%" colSpan=3>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 14.2pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=top width="40%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=top width="29%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">R$
    &#145;000</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; HEIGHT: 14.2pt" vAlign=top width="31%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">%</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 14.2pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=top width="40%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">China</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=top width="29%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">953.1</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=top width="31%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">9%</FONT></P></TD></TR>
  <TR style="HEIGHT: 14.2pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=top width="40%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Europe</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=top width="29%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">691.9</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=top width="31%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">6%</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.1pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 13.1pt" vAlign=top width="40%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">North America</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.1pt" vAlign=top width="29%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">386.6</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.1pt" vAlign=top width="31%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">4%</FONT></P></TD></TR>
  <TR style="HEIGHT: 14.2pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=top width="40%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Asia (excl. China)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=top width="29%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">370.0</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=top width="31%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">3%</FONT></P></TD></TR>
  <TR style="HEIGHT: 14.2pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=top width="40%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Latin America</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=top width="29%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">123.5</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=top width="31%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">1%</FONT></P></TD></TR>
  <TR style="HEIGHT: 14.2pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=top width="40%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Other</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=top width="29%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">346.7</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=top width="31%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">3%</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.1pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 13.1pt" vAlign=top width="40%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" 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: 13.1pt" vAlign=top width="29%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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; HEIGHT: 13.1pt" vAlign=top width="31%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 14.2pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=top width="40%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Total</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=top width="29%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">2,871.8</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; HEIGHT: 14.2pt" vAlign=top width="31%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">26%</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 14.2pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=top width="40%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=top width="29%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=top width="31%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid" width="100%" colSpan=3></TD></TR>
  <TR style="HEIGHT: 11pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 0.5pt; PADDING-LEFT: 0.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 11pt" vAlign=top width="100%" colSpan=3>
      <P style="MARGIN: 6pt 9.65pt 6pt 5.1pt; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman Negrito,serif">c) total revenue from foreign
      countries and its share of the Company&#146;s total net
      revenue</FONT></I></B></P></TD></TR>
  <TR style="HEIGHT: 24.6pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 0.5pt; PADDING-LEFT: 0.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 24.6pt" vAlign=top width="100%" colSpan=3>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">In 2009, the Company&#146;s net revenue from the
      foreign market totaled R$2,871.8 million, accounting for 26% of its total
      net revenue.</FONT></P></TD></TR></TABLE></DIV>
<H2 style="MARGIN: 12pt 0in 3pt"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp; </FONT></I></B></H2>
<a name="_bclFooter70"></a><DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">70</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_71></A>
<a name="_bclPageBorder71"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader71"></a><DIV><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>7.7 Regulations of the countries where the
Company has obtained significant revenues:&nbsp; </B></FONT></I></FONT></DIV>
<P style="MARGIN: 3pt 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">The
Company&#146;s significant revenues from the foreign market come from the sale of
iron ore to Asia, especially China, and it is not subject to any regulations of
that country.&nbsp; </FONT></P>
<P style="MARGIN: 3pt 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0pt; TEXT-DECORATION: none" face="Times New (W1),serif" color=black>The media is constantly speculating on
the possibility of the Chinese government imposing regulations on iron ore
imports, whether by reducing import licenses or establishing a minimum
iron-content degree for imported ore. Such speculation is frequent, but so far
the Company has not experienced any direct impact on the sale of its
products.&nbsp; </FONT></P>
<P style="MARGIN: 3pt 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">The
Company, together with Brazil&#146;s other flat steel companies, is subject to
restrictions related to the export of </FONT><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif" color=black>hot-rolled products</FONT><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"> to
the United States of America, Canada and Argentina due to protectionism
(anti-dumping and anti-subsidy measures). However, since most of its
</FONT><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif" color=black>hot-rolled products</FONT><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"> are currently sold on the domestic market, these
actions do not jeopardize the Company's results.&nbsp; </FONT></P>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter71"></a><DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">71</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<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><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>7.8 Other long-term relations relevant to the
Company:&nbsp; </B></FONT></I></FONT><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>&nbsp;</B></FONT></I></FONT></DIV>
<P style="MARGIN: 3pt 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">At the
beginning of 2007, the Company entered the seaborne iron ore market, with its
first shipment through its port terminal in Itagua&#237; (Tecar).&nbsp;&nbsp;
</FONT></P>
<P style="MARGIN: 3pt 0in 0pt; 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">In July 2007, through its
wholly-owned mining subsidiary Nacional Min&#233;rios S.A., the Company acquired
Companhia de Fomento Mineral, located in Minas Gerais state, whose mines are in
the vicinity of the Casa de Pedra mine, effectively increasing its production
capacity. Until December 29, 2008, Nacional Min&#233;rios S.A. was fully controlled
by the Company. On December 30, 2008, Big Jump Energy Participa&#231;&#245;es S.A., whose
shareholders are ITOCHU Corporation, JFE Steel Corporation, Nippon Steel
Corporation, Sumitomo Metal Industries, Ltd., Kobe Steel, Ltd., Nisshin Steel
Co, Ltd. and POSCO, concluded the acquisition of 40% of the total and voting
capital of Nacional Min&#233;rios S.A. for US$3.08 billion. Of this total,
approximately US$3.04 billion was used by Big Jump Energy Participa&#231;&#245;es to pay
in shares subscribed in a capital increase of Nacional Min&#233;rios S.A. through an
issue of new shares. These amounts were used to pay the Company, in accordance
with the run of mine sale contracts and agreements governing the provision of
port services by the Company to Nacional Min&#233;rios S.A., pursuant to the terms
therein. All agreements were negotiated under market terms and conditions. With
the completion of the operation, the Company continued to hold 60% of the voting
and total capital of Nacional Min&#233;rios S.A.&nbsp; </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: 3pt 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">On
June 10, 2008, the Company signed two new long-term contracts with Gulf
Industrial Investment Co. (E.C.), a company headquartered in Bahrain, to supply
pellet feed produced by Casa de Pedra and the mines operated by Nacional
Min&#233;rios S.A., the Company&#146;s jointly-owned subsidiary.&nbsp; </FONT><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;</FONT></B></P>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter72"></a><DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt" align=left><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">72</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_73></A>
<a name="_bclPageBorder73"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader73"></a><DIV><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>7.9 Other relevant information:&nbsp;
</B></FONT></I></FONT></DIV>
<P style="MARGIN: 3pt 0in 12pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">None.
</FONT><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;</FONT></B></P>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter73"></a><DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">73</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_74></A>
<a name="_bclPageBorder74"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader74"></a><DIV><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">8.1 Describe the Company&#146;s economic
group&nbsp;&nbsp;&nbsp; </FONT></I></B></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">a) Direct and indirect controlling
shareholders&nbsp;&nbsp;&nbsp; </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" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"><IMG src="img2.jpg" align=center border=0> &nbsp;&nbsp; </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">b) Subsidiaries and associated companies and c) the
Company&#146;s interest in the group companies&nbsp; </FONT></P>
<DIV align=center>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 16.5pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 16.5pt" width="100%" colSpan=4>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Interest held by the Company in the group
      companies (%)</FONT><SUP> <A href="#_ftn3" name=_ftnref3><U><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#000000>[3]</FONT></U></A></SUP></P></TD></TR>
  <TR style="HEIGHT: 15.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="63%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Company Name</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Dec/09</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Dec/08</FONT></P></TD>
    <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="13%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Dec/07</FONT></P></TD></TR>
  <TR style="HEIGHT: 15.75pt">
    <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="100%" colSpan=4>
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Direct interest: full
    consolidation</FONT></P></TD></TR>
  <TR style="HEIGHT: 16.5pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 16.5pt" width="63%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN Islands VII&nbsp; Corp.</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 16.5pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 16.5pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 16.5pt" width="13%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD></TR>
  <TR style="HEIGHT: 16.5pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 16.5pt" width="63%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN Islands VIII Corp.</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 16.5pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 16.5pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 16.5pt" width="13%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD></TR>
  <TR style="HEIGHT: 16.5pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 16.5pt" width="63%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN Islands IX Corp.</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 16.5pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 16.5pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 16.5pt" width="13%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD></TR>
  <TR style="HEIGHT: 16.5pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 16.5pt" width="63%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN Islands X Corp.</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 16.5pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 16.5pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 16.5pt" width="13%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD></TR>
  <TR style="HEIGHT: 15.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="63%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN Islands XI Corp.</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="13%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD></TR>
  <TR style="HEIGHT: 15.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="63%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Tangua Inc.</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="13%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">***</FONT></P></TD></TR>
  <TR style="HEIGHT: 15.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="63%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN Energy S.&#224; r.l.</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="13%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD></TR>
  <TR style="HEIGHT: 15.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 15.75pt" width="63%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN Export S.&#224; r.l.</FONT></P></TD>
    <TD style="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: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD>
    <TD style="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: 15.75pt" width="13%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD></TR>
  <TR style="HEIGHT: 15.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="63%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">International Investment Fund</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="13%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">***</FONT></P></TD></TR>
  <TR style="HEIGHT: 15.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="63%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN Overseas S.&#224; r.l.</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="13%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD></TR>
  <TR style="HEIGHT: 15.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="63%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN Panama S.&#224; r.l.</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="13%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD></TR>
  <TR style="HEIGHT: 15.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="63%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN Steel S.&#224; r.l.</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="13%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD></TR>
  <TR style="HEIGHT: 15.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="63%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">DIPLIC &#150; Multimarket Investment
      Fund</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="13%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD></TR>
  <TR style="HEIGHT: 15.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="63%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Murgen &#150; Multimarket Investment
      Fund</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="13%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD></TR>
  <TR style="HEIGHT: 15.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="63%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Arame Corporation</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="13%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD></TR>
  <TR style="HEIGHT: 15.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="63%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">TdBB S.A.</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="13%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD></TR>
  <TR style="HEIGHT: 15.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="63%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">International Charitable
      Corporation</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="13%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD></TR>
  <TR style="HEIGHT: 15.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="63%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">GalvaSud S.A.</FONT><SUP> <A href="#_ftn4" name=_ftnref4><U><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#000000>[4]</FONT></U></A></SUP></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">99.99</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">99.99</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="13%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">15.29</FONT></P></TD></TR>
  <TR style="HEIGHT: 15.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="63%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Sepetiba Tecon S.A.</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">99.99</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">99.99</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="13%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">99.99</FONT></P></TD></TR>
  <TR style="HEIGHT: 15.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="63%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Minera&#231;&#227;o Nacional S.A.</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">99.99</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">99.99</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="13%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">99.99</FONT></P></TD></TR>
  <TR style="HEIGHT: 15.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="63%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN A&#231;os Longos S.A.</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">99.99</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">99.99</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="13%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">99.99</FONT></P></TD></TR>
  <TR style="HEIGHT: 15.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="63%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Itagua&#237; Log&#237;stica S.A.</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">99.99</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">99.99</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="13%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">99.99</FONT></P></TD></TR>
  <TR style="HEIGHT: 15.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="63%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Estanho de Rond&#244;nia S.A.</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">99.99</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">99.99</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="13%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">99.99</FONT></P></TD></TR>
  <TR style="HEIGHT: 15.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="63%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Cia Metalic Nordeste</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">99.99</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">99.99</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="13%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">99.99</FONT></P></TD></TR>
  <TR style="HEIGHT: 15.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="63%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Companhia Metal&#250;rgica Prada</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">99.99</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">99.99</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="13%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">***</FONT></P></TD></TR>
  <TR style="HEIGHT: 15.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="63%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN Cimentos S.A.</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">99.99</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">99.99</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="13%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">99.99</FONT></P></TD></TR>
  <TR style="HEIGHT: 15.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="63%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Inal Nordeste S.A.</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">99.99</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">99.99</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="13%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">99.99</FONT></P></TD></TR>
  <TR style="HEIGHT: 15.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="63%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN Gest&#227;o de Recursos Financeiros
      Ltda.</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">99.99</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">99.99</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="13%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">99.99</FONT></P></TD></TR>
  <TR style="HEIGHT: 15.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 15.75pt" width="63%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Congonhas Min&#233;rios S.A.</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">99.99</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">99.99</FONT></P></TD>
    <TD style="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: 15.75pt" width="13%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">99.99</FONT></P></TD></TR>
  <TR style="HEIGHT: 15.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 15.75pt" width="63%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN Energia S.A.</FONT></P></TD>
    <TD style="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: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">99.90</FONT></P></TD>
    <TD style="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: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">99.90</FONT></P></TD>
    <TD style="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: 15.75pt" width="13%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">99.90</FONT></P></TD></TR>
  <TR style="HEIGHT: 15.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 15.75pt" width="63%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Transnordestina Log&#237;stica S.A.</FONT></P></TD>
    <TD style="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: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">84.34</FONT></P></TD>
    <TD style="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: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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: 15.75pt" width="13%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">***</FONT></P></TD></TR>
  <TR style="HEIGHT: 15.75pt">
    <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="100%" colSpan=4>
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Indirect interest: full
      consolidation</FONT></P></TD></TR>
  <TR style="HEIGHT: 15.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 15.75pt" width="63%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN Aceros S.A.</FONT></P></TD>
    <TD style="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: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD>
    <TD style="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: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD>
    <TD style="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: 15.75pt" width="13%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD></TR>
  <TR style="HEIGHT: 15.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 15.75pt" width="63%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN Cayman Ltd</FONT></P></TD>
    <TD style="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: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD>
    <TD style="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: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD>
    <TD style="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: 15.75pt" width="13%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD></TR>
  <TR style="HEIGHT: 15.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 15.75pt" width="63%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN Iron, S.A.</FONT></P></TD>
    <TD style="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: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD>
    <TD style="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: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD>
    <TD style="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: 15.75pt" width="13%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD></TR>
  <TR style="HEIGHT: 15.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 15.75pt" width="63%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN Cement S.&#224; r.l.</FONT></P></TD>
    <TD style="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: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD>
    <TD style="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: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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: 15.75pt" width="13%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">***</FONT></P></TD></TR>
  <TR style="HEIGHT: 15.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 15.75pt" width="63%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Companhia Siderurgica Nacional
    LLC</FONT></P></TD>
    <TD style="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: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD>
    <TD style="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: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD>
    <TD style="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: 15.75pt" width="13%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD></TR>
  <TR style="HEIGHT: 15.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 15.75pt" width="63%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN Holdings Corp</FONT></P></TD>
    <TD style="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: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD>
    <TD style="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: 15.75pt" width="13%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD></TR>
  <TR style="HEIGHT: 15.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 15.75pt" width="63%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Energy I Corp. Ltd.</FONT></P></TD>
    <TD style="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: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD>
    <TD style="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: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD>
    <TD style="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: 15.75pt" width="13%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD></TR>
  <TR style="HEIGHT: 15.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 15.75pt" width="63%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN Madeira Ltda.</FONT></P></TD>
    <TD style="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: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD>
    <TD style="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: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD>
    <TD style="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: 15.75pt" width="13%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD></TR>
  <TR style="HEIGHT: 15.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 15.75pt" width="63%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Cinnabar Comercio de Produtos Sider&#250;rgicos
      Ltda.</FONT></P></TD>
    <TD style="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: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD>
    <TD style="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: 15.75pt" width="13%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD></TR>
  <TR style="HEIGHT: 15.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 15.75pt" width="63%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN Ib&#233;ria, Ltda</FONT></P></TD>
    <TD style="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: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD>
    <TD style="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: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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: 15.75pt" width="13%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">***</FONT></P></TD></TR>
  <TR style="HEIGHT: 15.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 15.75pt" width="63%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Hickory &#150; Com&#233;rcio Internacional Servi&#231;os
      Ltda.</FONT></P></TD>
    <TD style="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: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD>
    <TD style="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: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD>
    <TD style="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: 15.75pt" width="13%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD></TR>
  <TR style="HEIGHT: 15.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 15.75pt" width="63%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Lusosider Projectos Sider&#250;rgicos,
      S.A.</FONT></P></TD>
    <TD style="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: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD>
    <TD style="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: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD>
    <TD style="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: 15.75pt" width="13%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD></TR>
  <TR style="HEIGHT: 15.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 15.75pt" width="63%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN Acquisitions Limited</FONT></P></TD>
    <TD style="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: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD>
    <TD style="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: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD>
    <TD style="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: 15.75pt" width="13%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD></TR>
  <TR style="HEIGHT: 15.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 15.75pt" width="63%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN Finance (Netherlands) B. V.</FONT></P></TD>
    <TD style="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: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD>
    <TD style="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: 15.75pt" width="13%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD></TR>
  <TR style="HEIGHT: 15.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 15.75pt" width="63%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN Finance UK Ltd</FONT></P></TD>
    <TD style="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: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD>
    <TD style="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: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD>
    <TD style="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: 15.75pt" width="13%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD></TR>
  <TR style="HEIGHT: 15.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 15.75pt" width="63%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN Holdings UK Ltd</FONT></P></TD>
    <TD style="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: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD>
    <TD style="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: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD>
    <TD style="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: 15.75pt" width="13%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD></TR>
  <TR style="HEIGHT: 15.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 15.75pt" width="63%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Itamambuca Participa&#231;&#245;es S.A.</FONT></P></TD>
    <TD style="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: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">99.99</FONT></P></TD>
    <TD style="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: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">99.93</FONT></P></TD>
    <TD style="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: 15.75pt" width="13%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">99.93</FONT></P></TD></TR>
  <TR style="HEIGHT: 15.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 15.75pt" width="63%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Lusosider A&#231;os Planos, S.A.</FONT></P></TD>
    <TD style="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: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">99.94</FONT></P></TD>
    <TD style="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: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">99.94</FONT></P></TD>
    <TD style="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: 15.75pt" width="13%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">99.94</FONT></P></TD></TR>
  <TR style="HEIGHT: 15.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 15.75pt" width="63%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN Energia S.A.</FONT></P></TD>
    <TD style="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: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.10</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; HEIGHT: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.10</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; HEIGHT: 15.75pt" width="13%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.10</FONT></P></TD></TR>
  <TR style="HEIGHT: 15.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 15.75pt" width="63%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Companhia Sider&#250;rgica Nacional Partners
      LLC</FONT></P></TD>
    <TD style="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: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD>
    <TD style="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: 15.75pt" width="13%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100</FONT></P></TD></TR>
  <TR style="HEIGHT: 15.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="100%" colSpan=4>
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Direct interest: proportional
      consolidation</FONT></P></TD></TR>
  <TR style="HEIGHT: 15.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 15.75pt" width="63%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Transnordestina Log&#237;stica S.A.</FONT></P></TD>
    <TD style="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: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">84.50</FONT></P></TD>
    <TD style="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: 15.75pt" width="13%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">46.88</FONT></P></TD></TR>
  <TR style="HEIGHT: 15.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 15.75pt" width="63%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Nacional Min&#233;rios S. A.</FONT></P></TD>
    <TD style="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: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">59.99</FONT></P></TD>
    <TD style="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: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">59.99</FONT></P></TD>
    <TD style="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: 15.75pt" width="13%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">***</FONT></P></TD></TR>
  <TR style="HEIGHT: 15.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 15.75pt" width="63%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">It&#225; Energ&#233;tica S.A.</FONT></P></TD>
    <TD style="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: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">48.75</FONT></P></TD>
    <TD style="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: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">48.75</FONT></P></TD>
    <TD style="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: 15.75pt" width="13%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">48.75</FONT></P></TD></TR>
  <TR style="HEIGHT: 15.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 15.75pt" width="63%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">MRS Log&#237;stica S.A.</FONT></P></TD>
    <TD style="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: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">22.93</FONT></P></TD>
    <TD style="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: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">22.93</FONT></P></TD>
    <TD style="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: 15.75pt" width="13%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">32.93</FONT></P></TD></TR>
  <TR style="HEIGHT: 15.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 15.75pt" width="63%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Cons&#243;rcio da Usina Hidrel&#233;trica de
      Igarapava</FONT></P></TD>
    <TD style="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: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">17.92</FONT></P></TD>
    <TD style="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: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">17.92</FONT></P></TD>
    <TD style="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: 15.75pt" width="13%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">***</FONT></P></TD></TR>
  <TR style="HEIGHT: 15.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 15.75pt" width="63%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Special 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; HEIGHT: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">39.47</FONT></P></TD>
    <TD style="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: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">39.47</FONT></P></TD>
    <TD style="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: 15.75pt" width="13%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">***</FONT></P></TD></TR>
  <TR style="HEIGHT: 15.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="100%" colSpan=4>
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Indirect interest: proportional
      consolidation</FONT></P></TD></TR>
  <TR style="HEIGHT: 15.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 15.75pt" width="63%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Special 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; HEIGHT: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">60.53</FONT></P></TD>
    <TD style="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: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">60.53</FONT></P></TD>
    <TD style="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: 15.75pt" width="13%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">***</FONT></P></TD></TR>
  <TR style="HEIGHT: 15.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 15.75pt" width="63%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Namisa International Min&#233;rios
    SLU</FONT></P></TD>
    <TD style="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: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">60.00</FONT></P></TD>
    <TD style="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: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">60.00</FONT></P></TD>
    <TD style="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: 15.75pt" width="13%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">***</FONT></P></TD></TR>
  <TR style="HEIGHT: 15.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 15.75pt" width="63%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Namisa Europe</FONT></P></TD>
    <TD style="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: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">60.00</FONT></P></TD>
    <TD style="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: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">60.00</FONT></P></TD>
    <TD style="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: 15.75pt" width="13%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">***</FONT></P></TD></TR>
  <TR style="HEIGHT: 15.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 15.75pt" width="63%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Pelotiza&#231;&#227;o Nacional S.A.</FONT></P></TD>
    <TD style="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: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">59.99</FONT></P></TD>
    <TD style="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: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">59.99</FONT></P></TD>
    <TD style="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: 15.75pt" width="13%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">***</FONT></P></TD></TR>
  <TR style="HEIGHT: 15.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 15.75pt" width="63%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">MG Min&#233;rios S.A.</FONT></P></TD>
    <TD style="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: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">59.99</FONT></P></TD>
    <TD style="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: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">59.99</FONT></P></TD>
    <TD style="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: 15.75pt" width="13%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">***</FONT></P></TD></TR>
  <TR style="HEIGHT: 15.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 15.75pt" width="63%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">MRS Log&#237;stica S.A.</FONT></P></TD>
    <TD style="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: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">10.34</FONT></P></TD>
    <TD style="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: 15.75pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">10.34</FONT></P></TD>
    <TD style="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: 15.75pt" width="13%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">***</FONT></P></TD></TR></TABLE></DIV>
<HR align=left width="33%" SIZE=1>

<DIV id=ftn3><FONT lang=EN-US></FONT>
<P style="MARGIN: 0in 0in 10pt"><FONT style="VERTICAL-ALIGN: super" face="Times New Roman,serif"><FONT face="Times New Roman,serif"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New (W1),serif">[3]</FONT></FONT></FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"> Position on December 31,
2009</FONT></P><FONT lang=EN-US></FONT></DIV>
<DIV id=ftn4><FONT lang=EN-US></FONT>
<P style="MARGIN: 0in 0in 10pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; VERTICAL-ALIGN: super" face="Times New Roman,serif" color=#000000>[4]</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt" face="Times New Roman,serif"> Galvasud S.A. was merged into the Company on
January 29, 2010.</FONT></P><FONT lang=EN-US></FONT></DIV></HR>
<a name="_bclFooter74"></a><DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">74</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

<A name="page_75"></A>
<a name="_bclPageBorder75"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader75"></a><DIV>
<DIV align=center></DIV><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">d) Interests held by group companies in the Company:&nbsp; </FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">None.&nbsp; </FONT></P>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">e) Companies under joint control: </FONT></P>
<DIV align=center>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>
<TR style="HEIGHT: 15.75pt">
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" width="100%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Companies under joint control</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15.75pt">
     <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 15.75pt" width="100%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Nacional Min&#233;rios S.A.</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15.75pt">
     <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 15.75pt" width="100%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">It&#225; Energ&#233;tica S.A.</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15.75pt">
     <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 15.75pt" width="100%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">MRS Log&#237;stica S.A.</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15.75pt">
     <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 15.75pt" width="100%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">MG Min&#233;rios S.A.</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15.75pt">
     <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 15.75pt" width="100%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Pelotiza&#231;&#227;o Nacional S.A.</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15.75pt">
     <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 15.75pt" width="100%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Namisa International Min&#233;rios SLU</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15.75pt">
     <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 15.75pt" width="100%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Namisa Europe</FONT></P>
</TD></TR></TABLE></DIV> <H2 style="MARGIN: 12pt 0in 3pt"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp; </FONT></I></B></H2>
<a name="_bclFooter75"></a><DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</DIV>
<P style="TEXT-ALIGN: left">75</P>
</DIV>
<HR align=center width="100%" noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_76"></A>
<a name="_bclPageBorder76"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader76"></a><DIV><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>8.2 Organization chart of the economic group:</B></FONT></I></FONT> <FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>&nbsp;</B></FONT></I></FONT></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif">None. </FONT>

</P>
<a name="_bclFooter76"></a><DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</DIV>
<P style="TEXT-ALIGN: left">76</P>
</DIV>
<HR align=center width="100%" noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_77"></A>
<a name="_bclPageBorder77"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader77"></a><DIV><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">8.3 Restructurings, mergers, split-offs, stock mergers, sale and acquisition of control and sales of important assets:<BR>
<BR>
</FONT></I></B></DIV>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 4.8pt; WIDTH: 100%; MARGIN-RIGHT: 4.8pt" 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="36%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Date of operation</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="64%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">11/26/2009</FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="36%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Corporate event</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="64%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Other</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="36%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description of &#147;Other&#148; corporate event</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="64%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Acquisition of interest in Riversdale</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="36%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description of the operation</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="64%">
<P style="MARGIN: 0in 0pt 5pt 1.7pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">On November 26, 2009, CSN Europe Ltda, acquired 28,750,598 shares in, or 14.99% of, Riversdale Mining Limited, whose shares are listed on the Australian Stock Exchange. In January 2010, the Australian authorities permitted the acquisition of a further 2,482,729 Riversdale shares by CSN Europe, raising the Company&#146;s interest to 16.1%. The price of the acquisition was six Australian dollars and ten cents (A$6.10) per share.</FONT></P>
<P style="MARGIN: 0in 0pt 5pt 1.7pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Subsequently, due to the exercise of options on Riversdale&#146;s shares, the Company&#146;s interest was reduced to 15.6%.</FONT></P>
<P style="MARGIN: 0in 0pt 5pt 1.7pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">On July 26, 2010, Riversdale issued new common shares to raise funds, 5,602,478 of which were acquired by CSN Europe, which then held 36,835,805 shares, equivalent to a 15.6% interest in Riversdale. &nbsp;&nbsp;</FONT></P>
<P style="MARGIN: 0in 0pt 5pt 1.7pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Riversdale Mining Limited plans to grow as a diversified mining company. It owns anthracite mines in South Africa and metallurgical and thermal coal mines in Mozambique. CSN plans to become less dependent on the acquisition of metallurgical coal, an essential raw material for the steel industry.</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="36%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><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 width="64%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><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" vAlign=top width="36%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Date of operation</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="64%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/30/2008</FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="36%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Corporate event</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="64%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Other</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="36%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description of &#147;Other&#148; corporate event</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="64%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Sale of 40% of Nacional Min&#233;rios S.A.</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="36%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description of the operation</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="64%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Sale of 40% of the total voting capital of Nacional Min&#233;rios S.A. The transaction established a strategic partnership with the Big Jump Energy consortium, which acquired 40% of the total voting capital of Nacional Min&#233;rios S.A., for US$3.08 billion, through the execution of agreements for the sale of iron ore and provision of port services by the CSN to Nacional Min&#233;rios S.A.</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="36%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><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 width="64%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><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" vAlign=top width="36%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Date of operation</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="64%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">03/30/2008</FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="36%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Corporate event</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="64%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Merger</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="36%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description of the operation</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="64%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=PT-BR style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Merger of Companhia de Fomento Mineral e Participa&#231;&#245;es &#150; CFM. </FONT><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">After the operation was concluded, CFM was dissolved. The transaction amount was identical to that of the acquisition of CFM.</FONT></P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<a name="_bclFooter77"></a><DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</DIV>
<P style="TEXT-ALIGN: left">77</P>
</DIV>
<HR align=center width="100%" noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>
<A name=page_78></A>
<a name="_bclPageBorder78"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader78"></a><DIV>&nbsp;</DIV>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 4.8pt; WIDTH: 100%; MARGIN-RIGHT: 4.8pt; BORDER-COLLAPSE: collapse" 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="100%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><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" vAlign=top width="36%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Date of
      operation</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="64%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">07/20/2007</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="36%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Corporate
      event</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="64%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Other</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="36%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description of
      &#147;Other&#148; corporate event</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="64%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Acquisition of CFM</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="36%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description of the
      operation</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="64%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Acquisition of 100% of CFM for US$440
      million, of which US$100 million was paid upon the execution of the
      purchase agreement and US$250 million on August 1, 2007. The remaining
      US$90 million was paid in four installments over two years after certain
      conditions envisaged in the purchase agreement were met. </FONT></P>
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">As a result, Nacional Min&#233;rios S.A. now held
      100% of CFM. </FONT></P>
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">CFM operates several iron ore mines and
      processing facilities in the Pires and Fernandinho areas of the state of
      Minas Gerais, near Casa de Pedra, CSN&#146;s main mining asset. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">The acquisition contributed to CSN&#146;s
      expansion and consolidation as an important player in the domestic and
      international iron ore markets.</FONT></P></TD></TR></TABLE></DIV>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter78"></a><DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">78</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_79></A>
<a name="_bclPageBorder79"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader79"></a><DIV><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">8.4 Other relevant information:&nbsp;&nbsp;
</FONT></I></B></DIV>
<P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">None.
</FONT></P>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter79"></a><DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt" align=left><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">79</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_80></A>
<a name="_bclPageBorder80"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader80"></a><DIV><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">9.1 Non-current assets relevant for the development
of the Company&#146;s activities, indicating especially: </FONT></I></B></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Main machinery and equipment</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" 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="100%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">DESCRIPTION</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="100%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">BLAST FURNACE NO. 3 CAO. 11,000
      TONNES/DAY&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">LTQ-2 &#150; HOT STRIP MILL 2&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">CONTINUOUS HOT DIP GALVANIZING LINE
      </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">BLAST FURNACE NO. 2&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">LTF-3 &#150; COLD STRIP MILL NO. 3&nbsp;
      </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">MCC4 &#150; CONTINUOUS INGOT CASTING MACHINE NO.
      4&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">CONVERTER C OF THE STEEL PLANT&nbsp;
      </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">COLD REVERSING MILL&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">COKE OVEN BATTERY NO. 1&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">LZC2 &#150; CONTINUOUS ZINC-COATING LINE
      NO.2&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">LRCC1 &#150; CONTINUOUS SLAB ANNEALING LINE
      </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">STEEL PLANT CONVERTER&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">STEEL PLANT&nbsp; CONVERTER B </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">LADLE FURNACE&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">LZC-3 &#150; CONTINUOUS ZINC-COATING LINE NO.
      3&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">PCI &#150; POWDERED COAL INJECTION SYSTEM&nbsp;
      </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">SEMI-CONTINUOUS PICKLING LINE&nbsp;
      </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">SSI4 &#150; SINTERING MACHINE NO. 4&nbsp;
      </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">LZC-1 &#150; CONTINUOUS ZINC-COATING LINE NO. 1
      </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">LEE5 &#150; ELECTROLYTIC TIN-PLATING LINE NO.
      5&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">LEE6 &#150; ELECTROLYTIC TIN-PLATING LINE NO.
      6&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">LER &#150; REVERSIBLE COLD-TEMPER MILL </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">LDC3 &#150; CONTINUOUS PICKLING LINE
      NO.3</FONT></P></TD></TR></TABLE></DIV>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter80"></a><DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">80</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_81></A>
<a name="_bclPageBorder81"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader81"></a><DIV><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">9.1 - Relevant non-current assets/ 9.1.a &#150;
Properties</FONT></I></B></DIV>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" 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="22%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Asset description</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Country</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">State</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">City</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type of property</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="22%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Presidente Vargas
Steelworks</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brazil</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">RJ</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Volta Redonda</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Own</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="22%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">PVS headquarters</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brazil</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">RJ</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Volta Redonda</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Own</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="22%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Office (FOX)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brazil</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">RJ</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Volta Redonda</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Own</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="22%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Santa Cec&#237;lia farm</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brazil</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">RJ</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Volta Redonda</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Own</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="22%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Pandi&#225; Cal&#243;geras technical
      school</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brazil</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">RJ</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Volta Redonda</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Own</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="22%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Vita Santa Cec&#237;lia hospital</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brazil</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">RJ</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Volta Redonda</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Own</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="22%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Outpatient clinic of the Vita Santa Cec&#237;lia
      hospital</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brazil</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">RJ</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Volta Redonda</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Own</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="22%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Employees&#146; leisure center</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brazil</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">RJ</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Volta Redonda</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Own</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="22%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN&#146;s music headquarters</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brazil</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">RJ</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Volta Redonda</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Own</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="22%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Research Center</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brazil</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">RJ</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Volta Redonda</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Own</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="22%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Transportation companies&#146;
      building</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brazil</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">RJ</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Volta Redonda</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Own</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="22%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Macedo Soares school</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brazil</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">RJ</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Volta Redonda</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Own</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="22%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Macedo Soares school</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brazil</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">RJ</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Volta Redonda</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Own</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="22%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Former TG 01-004 shooting
    range</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brazil</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">RJ</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Volta Redonda</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Own</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="22%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Umuarama club</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brazil</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">RJ</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Volta Redonda</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Own</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="22%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Construction area of Usina
    II</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brazil</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">RJ</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Itagua&#237;</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Own</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="22%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Sante Cec&#237;lia farm -
    Fazendinha</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brazil</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">RJ</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Volta Redonda</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Own</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="22%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Former headquarters </FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brazil</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">RJ</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Volta Redonda</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Own</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="22%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Childcare center</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brazil</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">RJ</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Volta Redonda</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Own</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="22%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Offices in Torre do Rio Sul</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brazil</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">RJ</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Rio de Janeiro</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Own</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="22%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Casa de Pedra mines and
      deposits</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brazil</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">MG</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Congonhas</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Own</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="22%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Jurema mines</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brazil</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">MG</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Queluzito</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Own</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="22%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Bocaina mines</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brazil</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">MG</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Arcos</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Own</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="22%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Industrial yard</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brazil</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">RJ</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Barra Mansa</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Own</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="22%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Vacant lot</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brazil</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">RJ</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Volta Redonda</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Own</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="22%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Slag yard</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brazil</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">RJ</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Volta Redonda</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Own</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="22%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Leveled yard &#150; technical
      reserve</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brazil</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">RJ</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Volta Redonda</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Own</FONT></B></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<a name="_bclFooter81"></a><DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">81</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

<A name="page_82"></A>
<a name="_bclHeader82"></a><DIV><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"><B>9.1 - Relevant non-current assets/ 9.1.a &#150; Properties<BR>
<BR>
</B></FONT></DIV>
<a name="_bclPageBorder82"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<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=top width="22%">
<P style="MARGIN: 0in 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Vacant lot</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
<P style="MARGIN: 0in 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Brazil</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
<P style="MARGIN: 0in 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">RJ</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
<P style="MARGIN: 0in 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Volta Redonda</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
<P style="MARGIN: 0in 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Own</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="22%">
<P style="MARGIN: 0in 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Vacant property (warehouse)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
<P style="MARGIN: 0in 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Brazil</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
<P style="MARGIN: 0in 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">RJ</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
<P style="MARGIN: 0in 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Volta Redonda</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
<P style="MARGIN: 0in 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Own</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="22%">
<P style="MARGIN: 0in 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Retirees&#146; association</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
<P style="MARGIN: 0in 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Brazil</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
<P style="MARGIN: 0in 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">RJ</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
<P style="MARGIN: 0in 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Volta Redonda</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
<P style="MARGIN: 0in 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Own</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="22%">
<P style="MARGIN: 0in 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Funda&#231;&#227;o CSN headquarters</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
<P style="MARGIN: 0in 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Brazil</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
<P style="MARGIN: 0in 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">RJ</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
<P style="MARGIN: 0in 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Volta Redonda</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
<P style="MARGIN: 0in 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Own</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="22%">
<P style="MARGIN: 0in 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Bela Vista hotel</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
<P style="MARGIN: 0in 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Brazil</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
<P style="MARGIN: 0in 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">RJ</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
<P style="MARGIN: 0in 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Volta Redonda</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
<P style="MARGIN: 0in 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Own</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="22%">
<P style="MARGIN: 0in 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Laranjal club</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
<P style="MARGIN: 0in 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Brazil</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
<P style="MARGIN: 0in 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">RJ</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
<P style="MARGIN: 0in 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Volta Redonda</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
<P style="MARGIN: 0in 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Own</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="22%">
<P style="MARGIN: 0in 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Land (leisure)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
<P style="MARGIN: 0in 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Brazil</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
<P style="MARGIN: 0in 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">RJ</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
<P style="MARGIN: 0in 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Volta Redonda</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
<P style="MARGIN: 0in 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Own</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="22%">
<P style="MARGIN: 0in 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=PT-BR style="FONT-WEIGHT: normal; FONT-SIZE: 9pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Casa da Crian&#231;a (play area)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
<P style="MARGIN: 0in 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Brazil</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
<P style="MARGIN: 0in 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">RJ</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
<P style="MARGIN: 0in 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Volta Redonda</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
<P style="MARGIN: 0in 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Own</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="22%">
<P style="MARGIN: 0in 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Calcination facility</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
<P style="MARGIN: 0in 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Brazil</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
<P style="MARGIN: 0in 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">RJ</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
<P style="MARGIN: 0in 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Volta Redonda</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="20%">
<P style="MARGIN: 0in 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt; FONT-STYLE: normal; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Own</FONT></P>
</TD></TR></TABLE></DIV> <H2 style="MARGIN: 12pt 0in 3pt"><B><I><FONT style="FONT-SIZE: 14pt" face=Cambria,serif>&nbsp; &nbsp; </FONT></I></B></H2>
<a name="_bclFooter82"></a><DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</DIV>
<P style="TEXT-ALIGN: left">82</P>
</DIV>
<HR align=center width="100%" noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>
<A name=page_83></A>
<a name="_bclPageBorder83"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader83"></a><DIV><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">9.1 - Relevant non-current assets/ 9.1.b &#150; Patents,
brands, licenses, concessions, franchises, and technology transfer
agreements</FONT></I></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">&nbsp; </FONT></B></P>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type of asset</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=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description</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=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Range</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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Duration</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=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Events that may cause loss of
      rights</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=top width="28%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Consequence of loss of
rights</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN logo &#150; INPI proceeding no.
      720198453</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Domestic</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/15/2011</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- extinction due to failure to pay overdue
      charges; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- annulment by third parties or by the INPI
      (National Industrial Property Institute), if registration was granted
      contrary to Law 9,279/96; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- partial or total abandonment, if the brand
      is not used as registered and does not cover all the products and services
      designated in the registration certificate; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights.</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN logo &#150; INPI proceeding no.
      720198461</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Domestic</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/15/2011</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- extinction due to failure to pay overdue
      charges; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- annulment by third parties or by the INPI,
      if registration was granted contrary to Law 9,279/96; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- partial or total abandonment, if the brand
      is not used as registered and does not cover all the products and services
      designated in the registration certificate; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights.</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter83"></a><DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="mso-bidi-font-size: 12.0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="mso-bidi-font-size: 12.0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">83</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_84></A>
<a name="_bclPageBorder84"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader84"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">9.1 - Relevant non-current assets/ 9.1.b &#150; Patents,
brands, licenses, concessions, franchises, and technology transfer
agreements</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">&nbsp; </FONT></B></P>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type of asset</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=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description</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=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Range</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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Duration</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=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Events that may cause loss of
      rights</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=top width="28%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Consequence of loss of
rights</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN logo &#150; INPI proceeding no.
      720198470</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Domestic</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/15/2011</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- extinction due to failure to pay overdue
      charges; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- annulment by third parties or by the INPI,
      if registration was granted contrary to Law 9,279/96; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- partial or total abandonment, if the brand
      is not used as registered and does not cover all the products and services
      designated in the registration certificate; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights.</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN logo &#150; INPI proceeding no.
      72020906</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Domestic</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/15/2011</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- extinction due to failure to pay overdue
      charges; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- annulment by third parties or by the INPI,
      if registration was granted contrary to Law 9,279/96; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- partial or total abandonment, if the brand
      is not used as registered and does not cover all the products and services
      designated in the registration certificate; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights.</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter84"></a><DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="mso-bidi-font-size: 12.0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">84</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_85></A>
<a name="_bclPageBorder85"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader85"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">9.1 - Relevant non-current assets/ 9.1.b &#150; Patents,
brands, licenses, concessions, franchises, and technology transfer
agreements</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">&nbsp; </FONT></B></P>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type of asset</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=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description</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=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Range</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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Duration</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=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Events that may cause loss of
      rights</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=top width="28%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Consequence of loss of
rights</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN logo &#150; INPI proceeding no.
      720202914</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Domestic</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/15/2011</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- extinction due to failure to pay overdue
      charges; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- annulment by third parties or by the INPI,
      if registration was granted contrary to Law 9,279/96; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- partial or total abandonment, if the brand
      is not used as registered and does not cover all the products and services
      designated in the registration certificate; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights.</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached..</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN logo &#150; INPI proceeding no.
      720202922</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Domestic</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/15/2011</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- extinction due to failure to pay overdue
      charges; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- annulment by third parties or by the INPI,
      if registration was granted contrary to Law 9,279/96; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- partial or total abandonment, if the brand
      is not used as registered and does not cover all the products and services
      designated in the registration certificate; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights.</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached..</FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter85"></a><DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="mso-bidi-font-size: 12.0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="mso-bidi-font-size: 12.0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">85</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_86></A>
<a name="_bclPageBorder86"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader86"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">9.1 - Relevant non-current assets/ 9.1.b &#150; Patents,
brands, licenses, concessions, franchises, and technology transfer
agreements</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">&nbsp; </FONT></B></P>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type of asset</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=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description</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=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Range</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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Duration</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=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Events that may cause loss of
      rights</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=top width="28%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Consequence of loss of
rights</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN logo &#150; INPI proceeding no.
      800240170</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Domestic</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">01/26/2012</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- extinction due to failure to pay overdue
      charges; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- annulment by third parties or by the INPI,
      if registration was granted contrary to Law 9,279/96; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- partial or total abandonment, if the brand
      is not used as registered and does not cover all the products and services
      designated in the registration certificate; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights.</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN logo &#150; INPI proceeding no.
      814605079</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Domestic</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">09/04/2010</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- extinction due to failure to pay overdue
      charges; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- annulment by third parties or by the INPI,
      if registration was granted contrary to Law 9,279/96; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- partial or total abandonment, if the brand
      is not used as registered and does not cover all the products and services
      designated in the registration certificate; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights.</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter86"></a><DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="mso-bidi-font-size: 12.0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="mso-bidi-font-size: 12.0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">86</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_87></A>
<a name="_bclPageBorder87"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader87"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">9.1 - Relevant non-current assets/ 9.1.b &#150; Patents,
brands, licenses, concessions, franchises, and technology transfer
agreements</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">&nbsp; </FONT></B></P>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type of asset</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=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description</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=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Range</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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Duration</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=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Events that may cause loss of
      rights</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=top width="28%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Consequence of the loss of
    rights</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN logo &#150; INPI proceeding no.
      814605087</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Domestic</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">09/04/2010</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- extinction due to failure to pay overdue
      charges; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- annulment by third parties or by the INPI,
      if registration was granted contrary to Law 9,279/96; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- partial or total abandonment, if the brand
      is not used as registered and does not cover all the products and services
      designated in the registration certificate; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights.</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN logo &#150; INPI proceeding no.
      814605095</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Domestic</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">09/04/2010</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- extinction due to failure to pay overdue
      charges; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- annulment by third parties or by the INPI,
      if registration was granted contrary to Law 9,279/96; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- partial or total abandonment, if the brand
      is not used as registered and does not cover all the products and services
      designated in the registration certificate; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights.</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter87"></a><DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="mso-bidi-font-size: 12.0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="mso-bidi-font-size: 12.0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">87</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_88></A>
<a name="_bclPageBorder88"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader88"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">9.1 - Relevant non-current assets/ 9.1.b &#150; Patents,
brands, licenses, concessions, franchises, and technology transfer
agreements</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">&nbsp; </FONT></B></P>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type of asset</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=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description</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=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Range</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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Duration</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=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Events that may cause loss of
      rights</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=top width="28%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Consequence of loss of
rights</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN logo &#150; INPI proceeding no.
      814605117</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Domestic</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">09/04/2010</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- extinction due to failure to pay overdue
      charges; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- annulment by third parties or by the INPI,
      if registration was granted contrary to Law 9,279/96; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- partial or total abandonment, if the brand
      is not used as registered and does not cover all the products and services
      designated in the registration certificate; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights.</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN logo &#150; INPI proceeding no.
      814605125</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Domestic</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">08/07/2010</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- extinction due to failure to pay overdue
      charges; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- annulment by third parties or by the INPI,
      if registration was granted contrary to Law 9,279/96; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- partial or total abandonment, if the brand
      is not used as registered and does not cover all the products and services
      designated in the registration certificate; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights.</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter88"></a><DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="mso-bidi-font-size: 12.0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="mso-bidi-font-size: 12.0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-size: 12.0pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">88</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_89></A>
<a name="_bclPageBorder89"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader89"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">9.1 - Relevant non-current assets/ 9.1.b &#150; Patents,
brands, licenses, concessions, franchises, and technology transfer
agreements</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">&nbsp; </FONT></B></P>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type of asset</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=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description</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=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Range</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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Duration</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=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Events that may cause loss of
      rights</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=top width="28%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Consequence of loss of
rights</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Zar &#150; INPI proceeding no.
    814644112</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Domestic</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">08/07/2010</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- extinction due to failure to pay overdue
      charges; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- annulment by third parties or by the INPI,
      if registration was granted contrary to Law 9,279/96; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- partial or total abandonment, if the brand
      is not used as registered and does not cover all the products and services
      designated in the registration certificate; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights.</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN logo &#150; INPI proceeding no.
      819145670</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Domestic</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">09/29/2018</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- extinction due to failure to pay overdue
      charges; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- annulment by third parties or by the INPI,
      if registration was granted contrary to Law 9,279/96; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- partial or total abandonment, if the brand
      is not used as registered and does not cover all the products and services
      designated in the registration certificate; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights.</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter89"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">89</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_90></A>
<a name="_bclPageBorder90"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader90"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">9.1 - Relevant non-current assets/ 9.1.b &#150; Patents,
brands, licenses, concessions, franchises, and technology transfer
agreements</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">&nbsp; </FONT></B></P>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type of asset</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=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description</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=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Range</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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Duration</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=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Events that may cause loss of
      rights</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=top width="28%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Consequence of the loss of
    rights</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN logo &#150; INPI proceeding no.
      819211648</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Domestic</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/22/2018</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- extinction due to failure to pay overdue
      charges; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- annulment by third parties or by the INPI,
      if registration was granted contrary to Law 9,279/96; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- partial or total abandonment, if the brand
      is not used as registered and does not cover all the products and services
      designated in the registration certificate; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights.</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN logo &#150; INPI proceeding no.
      819211656</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Domestic</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/22/2018</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- extinction due to failure to pay overdue
      charges; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- annulment by third parties or by the INPI,
      if registration was granted contrary to Law 9,279/96; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- partial or total abandonment, if the brand
      is not used as registered and does not cover all the products and services
      designated in the registration certificate; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights.</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter90"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">90</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_91></A>
<a name="_bclPageBorder91"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader91"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">9.1 - Relevant non-current assets/ 9.1.b &#150; Patents,
brands, licenses, concessions, franchises, and technology transfer
agreements</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">&nbsp; </FONT></B></P>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type of asset</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=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description</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=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Scope</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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Duration</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=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Events that may cause loss of
      rights</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=top width="28%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Consequence of loss of
rights</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Galvasud - INPI proceeding no.
      820846040</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Domestic</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">01/04/2020</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- extinction due to failure to pay overdue
      charges; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- annulment by third parties or by the INPI,
      if registration was granted contrary to Law 9,279/96; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- partial or total abandonment, if the brand
      is not used as registered and does not cover all the products and services
      designated in the registration certificate; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights.</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Galvasud - INPI proceeding no.
      820846058</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Domestic</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">11/17/2020</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- extinction due to failure to pay overdue
      charges; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- annulment by third parties or by the INPI,
      if registration was granted contrary to Law 9,279/96; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- partial or total abandonment, if the brand
      is not used as registered and does not cover all the products and services
      designated in the registration certificate; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights.</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter91"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">91</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_92></A>
<a name="_bclPageBorder92"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader92"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">9.1 - Relevant non-current assets/ 9.1.b &#150; Patents,
brands, licenses, concessions, franchises, and technology transfer
agreements</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">&nbsp; </FONT></B></P>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type of asset</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=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description</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=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Scope</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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Duration</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=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Events that may cause loss of
      rights</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=top width="28%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Consequence of loss of
rights</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Galvasud - INPI proceeding no.
      820846066</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Domestic</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">07/18/2010</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- extinction due to failure to pay overdue
      charges; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- annulment by third parties or by the INPI,
      if registration was granted contrary to Law 9,279/96; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- partial or total abandonment, if the brand
      is not used as registered and does not cover all the products and services
      designated in the registration certificate; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights.</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Modular Construction System &#150; INPI proceeding
      no. 822100517</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Domestic</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">07/05/2015</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- extinction due to failure to pay overdue
      charges; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- annulment by third parties or by the INPI,
      if registration was granted contrary to Law 9,279/96; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- partial or total abandonment, if the brand
      is not used as registered and does not cover all the products and services
      designated in the registration certificate; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights.</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter92"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">92</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_93></A>
<a name="_bclPageBorder93"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader93"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">9.1 - Relevant non-current assets/ 9.1.b &#150; Patents,
brands, licenses, concessions, franchises, and technology transfer
agreements</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">&nbsp; </FONT></B></P>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type of asset</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=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description</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=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Scope</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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Duration</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=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Events that may cause loss of
      rights</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=top width="28%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Consequence of loss of
rights</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Modular Construction System &#150; INPI proceeding
      no. 822100525</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Domestic</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">07/05/2015</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- extinction due to failure to pay overdue
      charges; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- annulment by third parties or by the INPI,
      if registration was granted contrary to Law 9,279/96; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- partial or total abandonment, if the brand
      is not used as registered and does not cover all the products and services
      designated in the registration certificate; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights.</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Modular Construction System &#150; INPI proceeding
      no. 822100533</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Domestic</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">07/05/2015</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- extinction due to failure to pay overdue
      charges; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- annulment by third parties or by the INPI,
      if registration was granted contrary to Law 9,279/96; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- partial or total abandonment, if the brand
      is not used as registered and does not cover all the products and services
      designated in the registration certificate; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights.</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter93"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">93</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_94></A>
<a name="_bclPageBorder94"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader94"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">9.1 - Relevant non-current assets/ 9.1.b &#150; Patents,
brands, licenses, concessions, franchises, and technology transfer
agreements</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">&nbsp; </FONT></B></P>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type of asset</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=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description</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=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Scope</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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Duration</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=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Events that may cause loss of
      rights</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=top width="28%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Consequence of loss of
rights</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Modular Construction System &#150; INPI proceeding
      no. 822100509</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Domestic</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">07/05/2015</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- extinction due to failure to pay overdue
      charges; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- annulment by third parties or by the INPI,
      if registration was granted contrary to Law 9,279/96; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- partial or total abandonment, if the brand
      is not used as registered and does not cover all the products and services
      designated in the registration certificate; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights.</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Galvatec &#150; INPI proceeding no.
      819888630</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Domestic</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">10/11/2015</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- extinction due to failure to pay overdue
      charges; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- annulment by third parties or by the INPI,
      if registration was granted contrary to Law 9,279/96; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- partial or total abandonment, if the brand
      is not used as registered and does not cover all the products and services
      designated in the registration certificate; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights.</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter94"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">94</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_95></A>
<a name="_bclPageBorder95"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">9.1 - Relevant non-current
assets/ 9.1.b &#150; Patents, brands, licenses, concessions, franchises, and
technology transfer agreements</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">&nbsp; </FONT></B></P>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type of asset</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=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description</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=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Scope</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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Duration</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=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Events that may cause loss of
      rights</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=top width="28%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Consequence of loss of
rights</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN Galvasud &#150; INPI proceeding no.
      826753582</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Domestic</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">10/02/2017</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- extinction due to failure to pay overdue
      charges; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- annulment by third parties or by the INPI,
      if registration was granted contrary to Law 9,279/96; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- partial or total abandonment, if the brand
      is not used as registered and does not cover all the products and services
      designated in the registration certificate; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights.</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Usita &#150; INPI proceeding no.
      823401944</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Domestic</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/05/2016</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- extinction due to failure to pay overdue
      charges; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- annulment by third parties or by the INPI,
      if registration was granted contrary to Law 9,279/96; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- partial or total abandonment, if the brand
      is not used as registered and does not cover all the products and services
      designated in the registration certificate; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights.</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter95"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">95</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_96></A>
<a name="_bclPageBorder96"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader96"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">9.1 - Relevant non-current assets/ 9.1.b &#150; Patents,
brands, licenses, concessions, franchises, and technology transfer
agreements</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">&nbsp; </FONT></B></P>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type of asset</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=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description</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=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Scope</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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Duration</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=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Events that may cause loss of
      rights</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=top width="28%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Consequence of loss of
rights</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Usina Sider&#250;rgica de Itagua&#237; &#150; INPI
      proceeding no. 823401952</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Domestic</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/05/2016</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- extinction due to failure to pay overdue
      charges; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- annulment by third parties or by the INPI,
      if registration was granted contrary to Law 9,279/96; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- partial or total abandonment, if the brand
      is not used as registered and does not cover all the products and services
      designated in the registration certificate; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights.</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN Overseas &#150; INPI proceeding no.
      823482197</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Domestic</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/05/2016</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- extinction due to failure to pay overdue
      charges; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- annulment by third parties or by the INPI,
      if registration was granted contrary to Law 9,279/96; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- partial or total abandonment, if the brand
      is not used as registered and does not cover all the products and services
      designated in the registration certificate; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights.</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter96"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">96</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_97></A>
<a name="_bclPageBorder97"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader97"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">9.1 - Relevant non-current assets/ 9.1.b &#150; Patents,
brands, licenses, concessions, franchises, and technology transfer
agreements</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">&nbsp; </FONT></B></P>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type of asset</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=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description</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=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Scope</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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Duration</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=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Events that may cause loss of
      rights</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=top width="28%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Consequence of loss of
rights</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN Steel &#150; INPI proceeding no.
      823482200</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Domestic</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/05/2016</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- extinction due to failure to pay overdue
      charges; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- annulment by third parties or by the INPI,
      if registration was granted contrary to Law 9,279/96; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- partial or total abandonment, if the brand
      is not used as registered and does not cover all the products and services
      designated in the registration certificate; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights.</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Companhia Sider&#250;rgica Nacional &#150; INPI
      proceeding no. 823482243</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Domestic</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/05/2016</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- extinction due to failure to pay overdue
      charges; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- annulment by third parties or by the INPI,
      if registration was granted contrary to Law 9,279/96; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- partial or total abandonment, if the brand
      is not used as registered and does not cover all the products and services
      designated in the registration certificate; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights.</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter97"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">97</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_98></A>
<a name="_bclPageBorder98"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader98"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">9.1 - Relevant non-current assets/ 9.1.b &#150; Patents,
brands, licenses, concessions, franchises, and technology transfer
agreements</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">&nbsp; </FONT></B></P>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type of asset</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=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description</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=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Scope</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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Duration</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=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Events that may cause loss of
      rights</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=top width="28%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Consequence of loss of
rights</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN Global S.A. &#150; INPI proceeding no.
      824739361</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Domestic</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">04/24/2017</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- extinction due to failure to pay overdue
      charges; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- annulment by third parties or by the INPI,
      if registration was granted contrary to Law 9,279/96; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- partial or total abandonment, if the brand
      is not used as registered and does not cover all the products and services
      designated in the registration certificate; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights.</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN Global S.A. &#150; INPI proceeding no.
      82439370</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Domestic</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">04/24/2017</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- extinction due to failure to pay overdue
      charges; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- annulment by third parties or by the INPI,
      if registration was granted contrary to Law 9,279/96; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- partial or total abandonment, if the brand
      is not used as registered and does not cover all the products and services
      designated in the registration certificate; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights.</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter98"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">98</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_99></A>
<a name="_bclPageBorder99"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader99"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">9.1 - Relevant non-current assets/ 9.1.b &#150; Patents,
brands, licenses, concessions, franchises, and technology transfer
agreements</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">&nbsp; </FONT></B></P>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type of asset</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=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description</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=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Scope</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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Duration</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=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Events that may cause loss of
      rights</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=top width="28%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Consequence of loss of
rights</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN Global S.A. &#150; INPI proceeding no.
      824906853</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Domestic</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">04/24/2017</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- extinction due to failure to pay overdue
      charges; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- annulment by third parties or by the INPI,
      if registration was granted contrary to Law 9,279/96; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- partial or total abandonment, if the brand
      is not used as registered and does not cover all the products and services
      designated in the registration certificate; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights.</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN Global S.A. &#150; INPI proceeding no.
      824906861</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Domestic</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">04/24/2017</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- extinction due to failure to pay overdue
      charges; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- annulment by third parties or by the INPI,
      if registration was granted contrary to Law 9,279/96; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- partial or total abandonment, if the brand
      is not used as registered and does not cover all the products and services
      designated in the registration certificate; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights.</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter99"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">99</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_100></A>
<a name="_bclPageBorder100"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader100"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">9.1 - Relevant non-current assets/ 9.1.b &#150; Patents,
brands, licenses, concessions, franchises, and technology transfer
agreements</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">&nbsp; </FONT></B></P>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type of asset</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=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description</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=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Scope</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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Duration</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=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Events that may cause loss of
      rights</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=top width="28%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Consequence of loss of
rights</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN Pre-painted steel &#150; INPI proceeding no.
      825196124</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Domestic</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">05/02/2017</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- extinction due to failure to pay overdue
      charges; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- annulment by third parties or by the INPI,
      if registration was granted contrary to Law 9,279/96; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- partial or total abandonment, if the brand
      is not used as registered and does not cover all the products and services
      designated in the registration certificate; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights.</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN Colors &#150; INPI proceeding no.
      825196140</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Domestic</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">05/02/2017</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- extinction due to failure to pay overdue
      charges; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- annulment by third parties or by the INPI,
      if registration was granted contrary to Law 9,279/96; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- partial or total abandonment, if the brand
      is not used as registered and does not cover all the products and services
      designated in the registration certificate; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights.</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter100"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">100</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_101></A>
<a name="_bclPageBorder101"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader101"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">9.1 - Relevant non-current assets/ 9.1.b &#150; Patents,
brands, licenses, concessions, franchises, and technology transfer
agreements</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">&nbsp; </FONT></B></P>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type of asset</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=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description</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=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Scope</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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Duration</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=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Events that may cause loss of
      rights</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=top width="28%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Consequence of loss of
rights</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN Cement &#150; INPI proceeding no.
      825735378</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Domestic</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">05/06/2018</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- extinction due to failure to pay overdue
      charges; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- annulment by third parties or by the INPI,
      if registration was granted contrary to Law 9,279/96; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- partial or total abandonment, if the brand
      is not used as registered and does not cover all the products and services
      designated in the registration certificate; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights.</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN Galvasud &#150; INPI proceeding no.
      826753582</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Domestic</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">10/02/2017</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- extinction due to failure to pay overdue
      charges; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- annulment by third parties or by the INPI,
      if registration was granted contrary to Law 9,279/96; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- partial or total abandonment, if the brand
      is not used as registered and does not cover all the products and services
      designated in the registration certificate; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights.</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter101"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">101</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_102></A>
<a name="_bclPageBorder102"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader102"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">9.1 - Relevant non-current assets/ 9.1.b &#150; Patents,
brands, licenses, concessions, franchises, and technology transfer
agreements</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">&nbsp; </FONT></B></P>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type of asset</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=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description</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=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Scope</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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Duration</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=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Events that may cause loss of
      rights</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=top width="28%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Consequence of loss of
rights</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN Companhia Sider&#250;rgica Nacional
      (mixed)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Germany</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2010</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- non-compliance with the applicable local
      regulations; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights.</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN STEEL (nominative)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Germany</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2010</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- non-compliance with the applicable local
      regulations; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter102"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">102</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_103></A>
<a name="_bclPageBorder103"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader103"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">9.1 - Relevant non-current assets/ 9.1.b &#150; Patents,
brands, licenses, concessions, franchises, and technology transfer
agreements</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">&nbsp; </FONT></B></P>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type of asset</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=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description</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=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Scope</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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Duration</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=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Events that may cause loss of
      rights</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=top width="28%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Consequence of loss of
rights</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN OVERSEAS (nominative)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Germany</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2010</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- non-compliance with the applicable local
      regulations; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN OVERSEAS (nominative)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Argentina</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">06/10/2012</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- non-compliance with the applicable local
      regulations; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter103"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">103</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_104></A>
<a name="_bclPageBorder104"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader104"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">9.1 - Relevant non-current assets/ 9.1.b &#150; Patents,
brands, licenses, concessions, franchises, and technology transfer
agreements</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">&nbsp; </FONT></B></P>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type of asset</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=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description</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=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Scope</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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Duration</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=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Events that may cause loss of
      rights</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=top width="28%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Consequence of loss of
rights</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN STEEL (nominative)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Argentina</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">01/07/2013</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- non-compliance with the applicable local
      regulations; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN GALVASUD (mixed)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Argentina</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">03/13/2016</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- non-compliance with the applicable local
      regulations; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter104"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">104</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_105></A>
<a name="_bclPageBorder105"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader105"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">9.1 - Relevant non-current assets/ 9.1.b &#150; Patents,
brands, licenses, concessions, franchises, and technology transfer
agreements</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">&nbsp; </FONT></B></P>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type of asset</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=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description</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=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Scope</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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Duration</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=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Events that may cause loss of
      rights</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=top width="28%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Consequence of loss of
rights</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN OVERSEAS (nominative)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Canada</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">01/15/2019</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- non-compliance with the applicable local
      regulations; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN COMPANHIA SIDER&#218;RGICA NACIONAL
      (mixed)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Canada</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">01/15/2019</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- non-compliance with the applicable local
      regulations; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter105"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">105</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_106></A>
<a name="_bclPageBorder106"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader106"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">9.1 - Relevant non-current assets/ 9.1.b &#150; Patents,
brands, licenses, concessions, franchises, and technology transfer
agreements</FONT></B></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">&nbsp; </FONT></B></P>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type of asset</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=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description</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=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Scope</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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Duration</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=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Events that may cause loss of
      rights</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=top width="28%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Consequence of loss of
rights</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">COMPANHIA SIDER&#218;RGICA NACIONAL
      (mixed)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Canada</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">09/11/2022</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- non-compliance with the applicable local
      regulations; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN COMPANHIA SIDER&#218;RGICA NACIONAL
      (mixed)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Chile</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">08/22/2011</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- non-compliance with the applicable local
      regulations; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter106"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">106</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_107></A>
<a name="_bclPageBorder107"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader107"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">9.1 - Relevant non-current assets/ 9.1.b &#150; Patents,
brands, licenses, concessions, franchises, and technology transfer
agreements</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">&nbsp; </FONT></B></P>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type of asset</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=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description</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=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Scope</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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Duration</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=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Events that may cause loss of
      rights</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=top width="28%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Consequence of loss of
rights</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN OVERSEAS (nominative)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Chile</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">08/22/2011</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- non-compliance with the applicable local
      regulations; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands </FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN STEEL (nominative)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Chile</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">08/22/2011</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- non-compliance with the applicable local
      regulations; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter107"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">107</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_108></A>
<a name="_bclPageBorder108"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader108"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">9.1 - Relevant non-current assets/ 9.1.b &#150; Patents,
brands, licenses, concessions, franchises, and technology transfer
agreements</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">&nbsp; </FONT></B></P>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type of asset</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=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description</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=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Scope</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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Duration</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=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Events that may cause loss of
      rights</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=top width="28%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Consequence of loss of
rights</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN OVERSEAS (nominative)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Colombia</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">11/08/2011</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- non-compliance with the applicable local
      regulations; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN COMPANHIA SIDER&#218;RGICA NACIONAL
      (mixed)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Colombia</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">11/07/2011</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- non-compliance with the applicable local
      regulations; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter108"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">108</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_109></A>
<a name="_bclPageBorder109"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader109"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">9.1 - Relevant non-current assets/ 9.1.b &#150; Patents,
brands, licenses, concessions, franchises, and technology transfer
agreements</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">&nbsp; </FONT></B></P>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type of asset</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=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description</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=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Scope</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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Duration</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=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Events that may cause loss of
      rights</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=top width="28%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Consequence of loss of
rights</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">COMPANHIA SIDER&#218;RGICA NACIONAL
      (mixed)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Colombia </FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">11/07/2011</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- non-compliance with the applicable local
      regulations; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN STEEL (nominative)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Colombia</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">11/07/2011</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- non-compliance with the applicable local
      regulations; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter109"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">109</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_110></A>
<a name="_bclPageBorder110"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader110"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">9.1 - Relevant non-current assets/ 9.1.b &#150; Patents,
brands, licenses, concessions, franchises, and technology transfer
agreements</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">&nbsp; </FONT></B></P>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type of asset</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=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description</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=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Scope</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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Duration</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=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Events that may cause loss of
      rights</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=top width="28%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Consequence of loss of
rights</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN STEEL (nominative)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Korea</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">02/25/2012</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- non-compliance with the applicable local
      regulations; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN OVERSEAS (nominative)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Korea</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/25/2012</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- non-compliance with the applicable local
      regulations; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter110"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">110</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_111></A>
<a name="_bclPageBorder111"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader111"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">9.1 - Relevant non-current assets/ 9.1.b &#150; Patents,
brands, licenses, concessions, franchises, and technology transfer
agreements</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">&nbsp; </FONT></B></P>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type of asset</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=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description</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=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Scope</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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Duration</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=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Events that may cause loss of
      rights</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=top width="28%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Consequence of loss of
rights</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN COMPANHIA SIDER&#218;RGICA NACIONAL
      (mixed)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Korea</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">05/09/2012</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- non-compliance with the applicable local
      regulations; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN COMPANHIA SIDER&#218;RGICA NACIONAL
      (mixed)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Korea</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">05/09/2012</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- non-compliance with the applicable local
      regulations; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter111"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">111</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_112></A>
<a name="_bclPageBorder112"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader112"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">9.1 - Relevant non-current assets/ 9.1.b &#150; Patents,
brands, licenses, concessions, franchises, and technology transfer
agreements</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">&nbsp; </FONT></B></P>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type of asset</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=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description</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=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Scope</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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Duration</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=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Events that may cause loss of
      rights</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=top width="28%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Consequence of the loss of
    rights</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN STEEL (nominative)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Spain</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/12/2010</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- non-compliance with the applicable local
      regulations; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN OVERSEAS (nominative)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Spain</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/12/2010</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- non-compliance with the applicable local
      regulations; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter112"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">112</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_113></A>
<a name="_bclPageBorder113"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader113"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">9.1 - Relevant non-current assets/ 9.1.b &#150; Patents,
brands, licenses, concessions, franchises, and technology transfer
agreements</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">&nbsp; </FONT></B></P>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type of asset</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=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description</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=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Scope</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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Duration</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=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Events that may cause loss of
      rights</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=top width="28%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Consequence of loss of
rights</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN OVERSEAS (nominative)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">USA</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">08/28/2017</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- non-compliance with the applicable local
      regulations; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">COMPANHIA SIDER&#218;RGICA NACIONAL
      (mixed)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">USA</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">08/28/2017</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- non-compliance with the applicable local
      regulations; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter113"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">113</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_114></A>
<a name="_bclPageBorder114"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader114"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">9.1 - Relevant non-current assets/ 9.1.b &#150; Patents,
brands, licenses, concessions, franchises, and technology transfer
agreements</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">&nbsp; </FONT></B></P>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type of asset</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=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description</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=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Scope</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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Duration</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=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Events that may cause loss of
      rights</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=top width="28%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Consequence of loss of
rights</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN STEEL (nominative)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">USA.</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">08/28/2017</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- non-compliance with the applicable local
      regulations; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN COMPANHIA SIDER&#218;RGICA NACIONAL
      (mixed)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">USA.</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">10/09/2017</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- non-compliance with the applicable local
      regulations; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter114"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">114</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_115></A>
<a name="_bclPageBorder115"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader115"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">9.1 - Relevant non-current assets/ 9.1.b &#150; Patents,
brands, licenses, concessions, franchises, and technology transfer
agreements</FONT></B></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">&nbsp; </FONT></B></P>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type of asset</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=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description</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=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Scope</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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Duration</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=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Events that may cause loss of
      rights</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=top width="28%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Consequence of the loss of
    rights</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN GLOBAL S.A. (nominative)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">USA</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">04/29/2018</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- non-compliance with the applicable local
      regulations; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN GLOBAL S.A. (mixed)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">USA</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">05/06/2018</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- non-compliance with the applicable local
      regulations; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter115"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">115</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_116></A>
<a name="_bclPageBorder116"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader116"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">9.1 - Relevant non-current assets/ 9.1.b &#150; Patents,
brands, licenses, concessions, franchises, and technology transfer
agreements</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">&nbsp; </FONT></B></P>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type of asset</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=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description</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=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Scope</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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Duration</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=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Events that may cause loss of
      rights</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=top width="28%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Consequence of loss of
rights</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN GALVASUD (mixed)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">USA</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">10/21/2018</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- non-compliance with the applicable local
      regulations; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">COMPANHIA SIDER&#218;RGICA NACIONAL
      (mixed)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">France</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/01/2010</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- non-compliance with the applicable local
      regulations; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter116"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">116</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_117></A>
<a name="_bclPageBorder117"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader117"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">9.1 - Relevant non-current assets/ 9.1.b &#150; Patents,
brands, licenses, concessions, franchises, and technology transfer
agreements</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">&nbsp; </FONT></B></P>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type of asset</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=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description</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=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Scope</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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Duration</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=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Events that may cause loss of
      rights</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=top width="28%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Consequence of loss of
rights</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN COMPANHIA SIDER&#218;RGICA NACIONAL
      (mixed)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">France </FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/01/2010</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- non-compliance with the applicable local
      regulations; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN OVERSEAS (nominative)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">France</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/01/2010</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- non-compliance with the applicable local
      regulations; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter117"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">117</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_118></A>
<a name="_bclPageBorder118"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader118"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">9.1 - Relevant non-current assets/ 9.1.b &#150; Patents,
brands, licenses, concessions, franchises, and technology transfer
agreements</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">&nbsp; </FONT></B></P>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type of asset</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=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description</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=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Scope</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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Duration</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=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Events that may cause loss of
      rights</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=top width="28%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Consequence of loss of
rights</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN STEEL (nominative)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">France</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/01/2010</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- non-compliance with the applicable local
      regulations; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN GLOBAL S.A. (mixed)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Great Britain</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">08/27/2012</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- non-compliance with the applicable local
      regulations; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter118"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">118</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_119></A>
<a name="_bclPageBorder119"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader119"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">9.1 - Relevant non-current assets/ 9.1.b &#150; Patents,
brands, licenses, concessions, franchises, and technology transfer
agreements</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">&nbsp; </FONT></B></P>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type of asset</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=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description</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=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Scope</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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Duration</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=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Events that may cause loss of
      rights</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=top width="28%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Consequence of loss of
rights</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN GLOBAL S.A. (mixed)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Netherlands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">09/23/2012</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- non-compliance with the applicable local
      regulations; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN GLOBAL S.A. (mixed)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Netherlands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">08/30/2012</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- non-compliance with the applicable local
      regulations; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter119"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">119</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_120></A>
<a name="_bclPageBorder120"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader120"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">9.1 - Relevant non-current assets/ 9.1.b &#150; Patents,
brands, licenses, concessions, franchises, and technology transfer
agreements</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">&nbsp; </FONT></B></P>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type of asset</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=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description</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=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Scope</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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Duration</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=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Events that may cause loss of
      rights</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=top width="28%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Consequence of the loss of
    rights</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN GALVASUD (mixed)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Italy</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">07/28/2014</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- non-compliance with the applicable local
      regulations; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN OVERSEAS (nominative)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Italy</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/29/2013</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- non-compliance with the applicable local
      regulations; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter120"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">120</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_121></A>
<a name="_bclPageBorder121"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader121"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">9.1 - Relevant non-current assets/ 9.1.b &#150; Patents,
brands, licenses, concessions, franchises, and technology transfer
agreements</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">&nbsp; </FONT></B></P>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type of asset</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=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description</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=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Scope</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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Duration</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=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Events that may cause loss of
      rights</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=top width="28%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Consequence of the loss of
    rights</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN STEEL (nominative)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Italy</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/29/2013</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- non-compliance with the applicable local
      regulations; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN COMPANHIA SIDER&#218;RGICA NACIONAL
      (mixed)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Italy</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/29/2013</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- non-compliance with the applicable local
      regulations; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter121"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">121</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_122></A>
<a name="_bclPageBorder122"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader122"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">9.1 - Relevant non-current assets/ 9.1.b &#150; Patents,
brands, licenses, concessions, franchises, and technology transfer
agreements</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">&nbsp; </FONT></B></P>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type of asset</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=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description</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=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Scope</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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Duration</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=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Events that may cause loss of
      rights</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=top width="28%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Consequence of loss of
rights</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">COMPANHIA SIDER&#218;RGICA NACIONAL
      (mixed)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Italy</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/29/2013</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- non-compliance with the applicable local
      regulations; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">COMPANHIA SIDER&#218;RGICA NACIONAL
      (mixed)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Japan</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">02/15/2012</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- non-compliance with the applicable local
      regulations; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter122"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">122</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_123></A>
<a name="_bclPageBorder123"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader123"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">9.1 - Relevant non-current assets/ 9.1.b &#150; Patents,
brands, licenses, concessions, franchises, and technology transfer
agreements</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">&nbsp; </FONT></B></P>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type of asset</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=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description</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=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Scope</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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Duration</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=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Events that may cause loss of
      rights</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=top width="28%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Consequence of loss of
rights</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN COMPANHIA SIDER&#218;RGICA NACIONAL
      (mixed)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Japan</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">09/20/2012</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- non-compliance with the applicable local
      regulations; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN STEEL (nominative)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Japan</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">09/20/2012</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- non-compliance with the applicable local
      regulations; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter123"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">123</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_124></A>
<a name="_bclPageBorder124"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader124"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">9.1 - Relevant non-current assets/ 9.1.b &#150; Patents,
brands, licenses, concessions, franchises, and technology transfer
agreements</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">&nbsp; </FONT></B></P>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type of asset</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=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description</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=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Scope</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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Duration</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=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Events that may cause loss of
      rights</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=top width="28%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Consequence of loss of
rights</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN OVERSEAS (nominative)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Japan</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">09/20/2012</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- non-compliance with the applicable local
      regulations; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN COMPANHIA SIDER&#218;RGICA NACIONAL
      (mixed)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Mexico</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">01/09/2011</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- non-compliance with the applicable local
      regulations; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter124"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">124</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_125></A>
<a name="_bclPageBorder125"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader125"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">9.1 - Relevant non-current assets/ 9.1.b &#150; Patents,
brands, licenses, concessions, franchises, and technology transfer
agreements</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">&nbsp; </FONT></B></P>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type of asset</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=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description</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=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Scope</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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Duration</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=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Events that may cause loss of
      rights</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=top width="28%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Consequence of loss of
rights</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">COMPANHIA SIDER&#218;RGICA NACIONAL
      (mixed)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Mexico</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">01/09/2011</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- non-compliance with the applicable local
      regulations; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN STEEL (nominative)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Mexico</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">01/09/2011</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- non-compliance with the applicable local
      regulations; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter125"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">125</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_126></A>
<a name="_bclPageBorder126"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader126"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">9.1 - Relevant non-current assets/ 9.1.b &#150; Patents,
brands, licenses, concessions, franchises, and technology transfer
agreements</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">&nbsp; </FONT></B></P>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type of asset</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=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description</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=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Scope</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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Duration</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=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Events that may cause loss of
      rights</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=top width="28%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Consequence of the loss of
    rights</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN OVERSEAS (nominative)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Mexico</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">01/09/2011</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- non-compliance with the applicable local
      regulations; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN GALVASUD (mixed)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Mexico</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">07/27/2014</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- non-compliance with the applicable local
      regulations; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter126"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">126</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_127></A>
<a name="_bclPageBorder127"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader127"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">9.1 - Relevant non-current assets/ 9.1.b &#150; Patents,
brands, licenses, concessions, franchises, and technology transfer
agreements</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">&nbsp; </FONT></B></P>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type of asset</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=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description</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=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Scope</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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Duration</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=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Events that may cause loss of
      rights</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=top width="28%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Consequence of the loss of
    rights</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN STEEL (nominative)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Portugal</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">10/31/2011</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- non-compliance with the applicable local
      regulations; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN OVERSEAS (nominative)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Portugal</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">10/31/2011</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- non-compliance with the applicable local
      regulations; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter127"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">127</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_128></A>
<a name="_bclPageBorder128"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader128"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">9.1 - Relevant non-current assets/ 9.1.b &#150; Patents,
brands, licenses, concessions, franchises, and technology transfer
agreements</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">&nbsp; </FONT></B></P>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type of asset</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=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description</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=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Scope</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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Duration</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=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Events that may cause loss of
      rights</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=top width="28%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Consequence of the loss of
    rights</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN (mixed)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Portugal</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/01/2015</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- non-compliance with the applicable local
      regulations; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN OVERSEAS (nominative)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">United Kingdom</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">11/30/2010</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- non-compliance with the applicable local
      regulations; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter128"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">128</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_129></A>
<a name="_bclPageBorder129"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader129"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">9.1 - Relevant non-current assets/ 9.1.b &#150; Patents,
brands, licenses, concessions, franchises, and technology transfer
agreements</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">&nbsp; </FONT></B></P>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type of asset</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=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description</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=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Scope</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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Duration</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=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Events that may cause loss of
      rights</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=top width="28%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Consequence of the loss of
    rights</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">COMPANHIA SIDER&#218;RGICA NACIONAL
      (mixed)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">United Kingdom</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">11/30/2010</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- non-compliance with the applicable local
      regulations; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN COMPANHIA SIDER&#218;RGICA NACIONAL
      (mixed)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">United Kingdom</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">11/30/2010</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- non-compliance with the applicable local
      regulations; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter129"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">129</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_130></A>
<a name="_bclPageBorder130"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader130"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">9.1 - Relevant non-current assets/ 9.1.b &#150; Patents,
brands, licenses, concessions, franchises, and technology transfer
agreements</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">&nbsp; </FONT></B></P>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type of asset</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=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description</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=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Scope</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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Duration</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=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Events that may cause loss of
      rights</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=top width="28%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Consequence of loss of
rights</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN STEEL (nominative)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">United Kingdom</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">11/30/2010</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- non-compliance with the applicable local
      regulations; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN GLOBAL S.A. (mixed)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">United Kingdom</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">08/27/2012</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- non-compliance with the applicable local
      regulations; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter130"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">130</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_131></A>
<a name="_bclPageBorder131"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader131"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">9.1 - Relevant non-current assets/ 9.1.b &#150; Patents,
brands, licenses, concessions, franchises, and technology transfer
agreements</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">&nbsp; </FONT></B></P>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type of asset</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=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description</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=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Scope</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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Duration</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=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Events that may cause loss of
      rights</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=top width="28%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Consequence of loss of
rights</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN COMPANHIA SIDER&#218;RGICA NACIONAL
      (mixed)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">China</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">01/27/2014</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- non-compliance with the applicable local
      regulations; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN STEEL (nominative)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">China</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">01/27/2014</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- non-compliance with the applicable local
      regulations; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter131"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">131</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_132></A>
<a name="_bclPageBorder132"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader132"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">9.1 - Relevant non-current assets/ 9.1.b &#150; Patents,
brands, licenses, concessions, franchises, and technology transfer
agreements</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">&nbsp; </FONT></B></P>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type of asset</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=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description</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=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Scope</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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Duration</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=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Events that may cause loss of
      rights</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=top width="28%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Consequence of the loss of
    rights</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">COMPANHIA SIDER&#218;RGICA NACIONAL
      (mixed)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">China</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">01/27/2014</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- non-compliance with the applicable local
      regulations; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN OVERSEAS (nominative)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">China</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">01/27/2014</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- non-compliance with the applicable local
      regulations; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter132"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">132</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_133></A>
<a name="_bclPageBorder133"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader133"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">9.1 - Relevant non-current assets/ 9.1.b &#150; Patents,
brands, licenses, concessions, franchises, and technology transfer
agreements</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">&nbsp; </FONT></B></P>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type of asset</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=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description</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=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Scope</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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Duration</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=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Events that may cause loss of
      rights</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=top width="28%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Consequence of loss of
rights</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN GALVASUD (mixed)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">China</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">01/06/2017</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- non-compliance with the applicable local
      regulations; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN STEEL (nominative)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Venezuela</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">03/12/2012</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- non-compliance with the applicable local
      regulations; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter133"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">133</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_134></A>
<a name="_bclPageBorder134"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader134"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">9.1 - Relevant non-current assets/ 9.1.b &#150; Patents,
brands, licenses, concessions, franchises, and technology transfer
agreements</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">&nbsp; </FONT></B></P>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type of asset</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=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description</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=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Scope</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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Duration</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=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Events that may cause loss of
      rights</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=top width="28%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Consequence of the loss of
    rights</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN OVERSEAS (nominative)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Venezuela</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">03/12/2012</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- non-compliance with the applicable local
      regulations; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN COMPANHIA SIDER&#218;RGICA NACIONAL
      (mixed)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Venezuela </FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">03/12/2012</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- non-compliance with the applicable local
      regulations; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter134"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">134</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_135></A>
<a name="_bclPageBorder135"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader135"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">9.1 - Relevant non-current assets/ 9.1.b &#150; Patents,
brands, licenses, concessions, franchises, and technology transfer
agreements</FONT></B></DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Times New Roman,serif">&nbsp; </FONT></B></P>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type of asset</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=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description</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=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Scope</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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Duration</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=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Events that may cause loss of
      rights</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=top width="28%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Consequence of the loss of
    rights</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN GALVASUD (mixed)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Venezuela</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/12/2015</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- non-compliance with the applicable local
      regulations; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- breach of third party intellectual property
      rights</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="28%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is not possible to quantify the impact
      caused, beyond the description below. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The loss of rights over the brands means the
      impossibility of preventing third parties from using identical or similar
      brands to designate competing services or products, given that the owner
      no longer has the exclusive right to the brand. The owner may also be
      subject to criminal or civil proceedings for undue use if third parties&#146;
      rights are breached.</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Technology transfer agreement</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Commissioning, training, adjustment and
      diagnostic services &#150; Duma Maschinen</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">02/15/2010</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The events triggering early termination of
      the agreement by either party are: a) failure by the counterparty&nbsp; to
      remedy a breach of any contractual provision within 5 days; b) the
      counterparty is the object of bankruptcy proceedings, undergoes
      court-supervised or out-of-court reorganization, is wound up, or fails to
      pay due debts; c) the competent authorities suspend the execution of the
      purpose of the contract for more than 2 months.</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="28%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">None.</FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter135"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">135</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_136></A>
<a name="_bclPageBorder136"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader136"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">9.1 - Relevant non-current assets/ 9.1.b &#150; Patents,
brands, licenses, concessions, franchises, and technology transfer
agreements</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">&nbsp; </FONT></B></P>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type of asset</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=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description</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=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Scope</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=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Duration</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=top width="22%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Events that may cause loss of
      rights</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=top width="26%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Consequence of the loss of
    rights</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Technology transfer agreement</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Adjusting the combustion of the annealing
      furnace &#150; Drever </FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">03/28/2010</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="22%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The events triggering early termination of
      the agreement by either party are: a) termination without cause by either
      party with 30 days notice; b) the counterparty is the object of bankruptcy
      proceedings, undergoes court-supervised or out-of-court reorganization, is
      wound up, or fails to pay due debts; c) the competent authorities suspend
      the execution of the purpose of the contract for more than 2
      months.</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="26%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">None.</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Technology transfer agreement</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Supervision of commissioning &#150; Taylor
      Winfield</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Indefinite</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="22%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The events triggering termination of the
      agreement are: a) the issue of a contract termination instrument; b) at
      the Company&#146;s discretion if: b.1) the contracted party fails to remedy a
      breach of any contractual provision within 15 days; b.2) the contracted
      party is the object of bankruptcy proceedings, undergoes court-supervised
      or out-of-court reorganization, or is wound up; b.3) the contracted party
      is involved in any corporate transaction that, at the Company&#146;s
      discretion, may affect the quality of the contracted
    services.</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="26%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The need to contract another company for the
      provision of these services, or the use, by the Company&#146;s employees, of
      knowledge acquired through the technology transfer. If the Company is
      unable to implement either of these alternatives, it will have to replace
      both welding machines in the continuous pickling
  line.</FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter136"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">136</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_137></A>
<a name="_bclPageBorder137"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader137"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">9.1 - Relevant non-current assets/ 9.1.b &#150; Patents,
brands, licenses, concessions, franchises, and technology transfer
agreements</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">&nbsp; </FONT></B></P>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type of asset</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=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description</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=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Scope</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=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Duration</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=top width="22%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Events that may cause loss of
      rights</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=top width="26%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Consequence of the loss of
    rights</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Technology transfer agreement</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Technical support for the construction and
      implementation of a cement plant &#150; CDI </FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Indefinite</FONT></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 6pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The events triggering
      early termination of the agreement are: a) the issue of a contract
      termination instrument; b) at the Company&#146;s discretion, if: b.1) the
      contracted party fails to remedy a breach of any contractual provision
      within 30 days, except as set forth in item (b.2) below; b.2) the
      contracted party fails to replace or repair any item of equipment during
      commissioning within 90 days; b.3) the contracted party is the object of
      bankruptcy proceedings, undergoes court-supervised or out-of-court
      reorganization, is wound up, or is subject to similar procedures; b.4) the
      competent authorities suspend the execution of the purpose of the contract
      due to non-compliance with the current legislation; b.5) contractual
      penalties reach or exceed 10% of the price; b.6) the contracted party
      fails to pay its personnel, or any amount owed to its subcontractors
      and/or suppliers within the specified term, or fails to pay or retains any
      due taxes; b.7) the contracted party is more than 45 days behind the work
      schedule, except in the case of item (b.2) above.</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="26%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The need to contract another foreign company
      for the provision of these services (since no national company has the
      specific technical knowledge), which will include the need to revise and
      adapt the project.</FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter137"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">137</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_138></A>
<a name="_bclPageBorder138"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader138"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">9.1 - Relevant non-current assets/ 9.1.b &#150; Patents,
brands, licenses, concessions, franchises, and technology transfer
agreements</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">&nbsp; </FONT></B></P>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type of asset</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=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description</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=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Scope</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=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Duration</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=top width="22%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Events that may cause loss of
      rights</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=top width="26%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Consequence of loss of
rights</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Technology transfer agreement</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Rendering of technical assistance services by
      Babcock </FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Indefinite</FONT></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 6pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The events triggering
      early termination of the agreement are: a)&nbsp; the issue of a contract
      termination instrument; b) at the Company&#146;s discretion, if the contracted
      party: b.1) fails to remedy a breach of any contractual provision within 6
      days, or a reasonable term, except in regard to equipment manufacture and
      delivery; b.2) is the object of bankruptcy proceedings, undergoes
      court-supervised or out-of-court reorganization, is wound up, or transfers
      a significant portion of its assets to creditors; b.3) fails to remedy a
      relevant breach despite being notified by the Company that the contract
      would be terminated.</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="26%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Loss of service warranty and the need to
      contract another company for the provision of these services, or the use,
      by the Company&#146;s employees, of knowledge acquired through the technology
      transfer.</FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><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="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Licenses</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">IBM Tivoli Workload Scheduler Processor Value
      Unit - PVU (operating systems)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">One year, renewable </FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="22%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The license may be subject to early
      termination by the licensor if the Company, on its own or through
      authorized third parties, fails to comply with the terms of the license or
      the licensor&#146;s copyright.</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="26%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company will be unable to carry out its
      corporate, steel, mining, cement, distribution, and logistics processes
      through the use of this program and will have to adapt its system to be
      operated by another system.</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Licenses</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">IBM Maximo (system of control of
      shops)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">One year, renewable</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="22%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The license may be subject to early
      termination by the licensor if the Company, on its own or through
      authorized third parties, fails to comply with the terms of the license or
      the licensor&#146;s copyright.</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="26%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company will be unable to carry out its
      corporate, steel, mining, cement, distribution, and logistics processes
      through the use of this program and will have to adapt its system to be
      operated by another system.</FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter138"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">138</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_139></A>
<a name="_bclPageBorder139"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader139"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">9.1 - Relevant non-current assets/ 9.1.b &#150; Patents,
brands, licenses, concessions, franchises, and technology transfer
agreements</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">&nbsp; </FONT></B></P>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type of asset</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=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description</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=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Scope</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=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Duration</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=top width="22%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Events that may cause loss of
      rights</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=top width="26%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Consequence of loss of
rights</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Licenses</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Microsoft (database,
      office automation, system development)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">One year, renewable</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="22%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The license may be subject to early
      termination by the licensor if the Company, on its own or through
      authorized third parties, fails to comply with the terms of the license or
      the licensor&#146;s copyright.</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="26%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company will be unable to carry out its
      corporate, steel, mining, cement, distribution, and logistics processes
      through the use of these programs and will have to adapt its system to be
      operated by another system.</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Licenses</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">SAP (corporate
      ERP)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Indefinite</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="22%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The license may be terminated by the licensor
      if the Company: a) fails to remedy a relevant license provision breach
      within 30 days; b) is the object of bankruptcy proceedings, undergoes
      court-supervised or out-of-court reorganization or is wound up (except for
      merger or restructuring purposes approved by the licensor), and fails to
      remedy said situation within 60 days, unless it provides guarantees to the
      licensor of its ability to fulfill the terms of the license; c) fails to
      comply with any provisions related to the licensor&#146;s exclusive rights
      established in the license; d) transfers, delegates, sublicenses, pledges,
      or transfers in any way the license or any of its rights or obligations,
      or&nbsp; any information under the sole ownership of the licensor, to any
      third parties, without the prior written consent of the
      licensor.</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="26%">
      <P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company will be unable to carry out its
      financial, accounting, material movement, sales, production, logistics and
      supply processes through the use of this program and will have to adapt
      its system to be operated by another
system.</FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter139"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">139</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_140></A>
<a name="_bclPageBorder140"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader140"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">9.1 - Relevant non-current assets/ 9.1.b &#150; Patents,
brands, licenses, concessions, franchises, and technology transfer
agreements</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">&nbsp; </FONT></B></P>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type of asset</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=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description</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=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Scope</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=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Duration</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=top width="22%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Events that may cause loss of
      rights</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=top width="26%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Consequence of loss of
rights</FONT></P></TD></TR>
  <TR style="HEIGHT: 55.15pt">
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 55.15pt" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Licenses</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 55.15pt" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Oracle (database)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 55.15pt" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 55.15pt" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">One year, renewable</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 55.15pt" vAlign=top width="22%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The license may be
      subject to early termination by the licensor if the Company, on its own or
      through authorized third parties, fails to comply with the terms of the
      license or the licensor&#146;s copyright.</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 55.15pt" vAlign=top width="26%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company will be
      unable to carry out its corporate, steel, mining, cement, distribution,
      and logistics processes through the use of this program and will have to
      adapt its system to be operated by another
system.</FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter140"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">140</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_141></A>
<a name="_bclPageBorder141"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader141"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">9.1 - Relevant non-current assets/ 9.1.b &#150; Patents,
brands, licenses, concessions, franchises, and technology transfer
agreements</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">&nbsp; </FONT></B></P>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type of asset</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=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description</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=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Scope</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=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Duration</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=top width="24%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Events that may cause loss of
      rights</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=top width="26%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Consequence of loss of
rights</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Licenses</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Intellimine - Modular Mining (electronic
      dispatch and mining operations management system) </FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Indefinite</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="24%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The license may be
      terminated by the licenser if the Company: a) uses the program in
      non-compliance with the terms of the license; b) copies the program for
      any purposes other than security, filing or emergency rebooting; c)
      removes or alters any information on brands or the ownership of the
      program; d) makes the program available to non-authorized persons; e)
      reverse engineers the program for any purpose other than interoperability,
      or decompiles or develops source coding or other works or computer
      programs based on the program; f) removes the program from the Casa de
      Pedra mine to another location without the prior consent of the licensor;
      f) disrespects the confidentiality agreement; g) uses the program in
      service bureaux, subjects it to time-sharing, leases or rents it, or uses
      it to process third party information over which it has no rights; h)
      transfers any of the license terms without the prior consent of the
      licensor; i) fails to comply with any of the license terms.</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="26%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company will be
      unable to carry out its mining management processes through this program,
      and will have to adapt its system to be operated by another
      system.</FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter141"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">141</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_142></A>
<a name="_bclPageBorder142"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader142"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">9.1 - Relevant non-current assets/ 9.1.b &#150; Patents,
brands, licenses, concessions, franchises, and technology transfer
agreements</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">&nbsp; </FONT></B></P>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type of asset</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=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description</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=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Scope</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=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Duration</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=top width="24%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Events that may cause loss of
      rights</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=top width="26%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Consequence of loss of
rights</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Licenses</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">SCARF &#150; S&amp;V (physical
    access)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Perpetual</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="24%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The license may be
      terminated by the licensor if the Company: a) makes or distributes copies
      of the program, or electronically transfers it from one computer to
      another through a network; b) alters, combines, adjusts, translates,
      decompiles, reverse engineers or decodes the program; c) rents, leases or
      sublicenses the program; d) changes the program or creates works based on
      it.</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="26%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company will be
      unable to carry out its group company facilities access control procedures
      through this program and will have to adapt its system to be operated by
      another system.</FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter142"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">142</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_143></A>
<a name="_bclPageBorder143"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader143"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">9.1 - Relevant non-current assets/ 9.1.b &#150; Patents,
brands, licenses, concessions, franchises, and technology transfer
agreements</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">&nbsp; </FONT></B></P>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type of asset</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=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description</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=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Scope</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=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Duration</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=top width="25%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Events that may cause loss of
      rights</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=top width="25%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Consequence of loss of
rights</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Licenses</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Production Planning System PPS &#150; Broner
      Metals Solutions (production planning)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Perpetual</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="25%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The license may be
      terminated by the licensor if the Company: a) copies the program for any
      purposes other than security, filing, emergency rebooting or error
      verification; b) moves the program from the Presidente Vargas Steelworks
      to another location, or uses it to control the production of another plant
      without the prior consent of the licensor; c) uses the program in service
      bureaux, subjects it to time-sharing or uses it to process information
      over which it has no rights; d) sublicenses, rents, or makes the program
      available to any other parties; e) reverse engineers or decompiles the
      program; f) transfers any license terms without the prior consent of the
      licensor.</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="25%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company will be
      unable to carry out its production processes at the Presidente Vargas
      Steelworks through this program and will have to adapt its system to be
      operated by another system.</FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter143"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">143</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

<A name="page_144"></A>
<a name="_bclPageBorder144"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader144"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">9.1 &#150; Relevant non-current assets / 9.1.b &#150; Patents, brands, licenses, concessions, franchises and technology transfer agreements</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">&nbsp; </FONT></B></P>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type of asset</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=top width="18%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description</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=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Scope</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=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Duration</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=top width="24%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Events that may cause loss of rights</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=top width="26%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Consequence of loss of rights</FONT></P>
</TD></TR>
<TR style="HEIGHT: 249.05pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 249.05pt" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Licenses</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 249.05pt" vAlign=top width="18%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Datamine a DHS-SL Earthworks &#150; Datamine Latin America e Servi&#231;os de Inform&#225;tica (mining)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 249.05pt" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">N/A</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 249.05pt" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Perpetual</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 249.05pt" vAlign=top width="24%">
<P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The license may be terminated by the licensor if the Company: a) uses the program simultaneously with a number of users in excess of the number of contracted licenses; b) alters, translates, reverse engineers, decompiles, or dismounts the program or develops works based on it; c) makes copies of the program or the related documentation (except for security copies for personal use); d) rents or leases any rights related to the program or the related documentation to third parties without the prior authorization of the licensor&#146;s group; e) removes any information on the ownership of the program and the related documentation, labels or brands present in the program and the related documentation or respective packaging.</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 249.05pt" vAlign=top width="26%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company will be unable to carry out its mining production and planning and geographical modeling procedures through the use of this program and will have to adjust its system to be operated by another system.</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Licenses</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">SD2000 &#150; Glauco Tecnologia (occupational health and safety)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">N/A</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Indefinite</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="24%">
<P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The respective license may be subject to early termination by the licenser in the event that the Company, on its own or through authorized third parties, fails to comply with the license&#146;s legal terms and conditions or with the authors&#146; rights of the licensor.</FONT></P>
</TD>
     <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: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company will be unable to carry out its occupational health and safety procedures, being subject to fines by Ministry of Labor agencies while its system has not been readapted.</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>
<a name="_bclFooter144"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</DIV>
<P style="TEXT-ALIGN: left">144</P>
</DIV>
<HR align=center width="100%" noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_145"></A>&nbsp;
<a name="_bclPageBorder145"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader145"></a><DIV><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"><B>9.1 Relevant non-current assets/ 9.1.c Companies in which the Company holds an interest<BR>
</B><BR>
</FONT></DIV>
<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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Company name</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"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Corporate Taxpayers&#146; ID</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CVM Code</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type of Company</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Country</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">State</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">City</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description of activities</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Issuer&#146;s interest (%)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Fiscal 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"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Book value - % chg.</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Market cap - % chg.</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Amount of dividends received (R$)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Date</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Value (R$)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; BORDER-TOP: #000000 1px solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #000000 1px solid" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Arame Corporation</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; BORDER-TOP: #000000 1px solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #000000 1px solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">00.000.000/0000-00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; BORDER-TOP: #000000 1px solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #000000 1px solid" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; BORDER-TOP: #000000 1px solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #000000 1px solid" vAlign=top width="12%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Subsidiary</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; BORDER-TOP: #000000 1px solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #000000 1px solid" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Panama</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; BORDER-TOP: #000000 1px solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #000000 1px solid" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; BORDER-TOP: #000000 1px solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #000000 1px solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Panama City</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; BORDER-TOP: #000000 1px solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #000000 1px solid" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Investment fund</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; BORDER-TOP: #000000 1px solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #000000 1px solid" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100.000000</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><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=top width="9%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><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=top width="9%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Market value</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</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"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Book value</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2008</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"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2007</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="100%" colSpan=10>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Reasons for the acquisition and maintenance of the interest</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: silver 3pt solid" vAlign=top width="100%" colSpan=10>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The acquisition and maintenance of the interest is part of the Company&#146;s strategy established by the Board of Directors.</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Cia. Metalic Nordeste</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">01.183.070/0001-95</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Subsidiary</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="10%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brazil</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CE</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Maracana&#250;</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Packaging production </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">99.990000</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="10%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Market value</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</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"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">-3.880000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Book value</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">90,568,075.82</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2008</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"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">-38.810000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2007</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"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">4.180000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="100%" colSpan=10>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Reasons for the acquisition and maintenance of the interest</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: silver 3pt solid" vAlign=top width="100%" colSpan=10>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Packaging production.</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Cia. Metal&#250;rgica Prada</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">56.993.900/0001-31</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Subsidiary</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="10%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brazil</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">SP</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">S&#227;o Paulo</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Packaging production </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100.000000</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="10%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Market value</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</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"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">-22.990000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Book value</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">483,657,083.04</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2008</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"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100.000000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2007</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"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR height=0>
     <TD width="11%"></TD>
     <TD width="13%"></TD>
     <TD width="10%"></TD>
     <TD width="11%"></TD>
     <TD width="1%"></TD>
     <TD width="9%"></TD>
     <TD width="11%"></TD>
     <TD width="12%"></TD>
     <TD width="11%"></TD>
     <TD width="11%"></TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="89%" colSpan=9>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#000000>Reasons for the acquisition and maintenance of the interest</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#000000></FONT>&nbsp;</P>
</TD>
     <TD width="11%"></TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #c0c0c0 3pt solid" vAlign=top width="89%" colSpan=9>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#000000>The acquisition and maintenance of the interest is part of the Company&#146;s strategy established by the Board of Directors.</FONT></P>
</TD>
     <TD width="11%"></TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<a name="_bclFooter145"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</DIV>
<P style="TEXT-ALIGN: left">145</P>
</DIV>
<HR align=center width="100%" noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_146"></A>
<a name="_bclPageBorder146"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader146"></a><DIV>&nbsp;</DIV>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Companhia Sider&#250;rgica Nacional LLC</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">00.000.000/0000-00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Subsidiary</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">USA</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Terre Haute</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Steelmaking </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100.000000</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Market value</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">-42.440000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Book value</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">151,433,224.39</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2008</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">36.680000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2007</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">-28.260000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="100%" colSpan=9>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Reasons for the acquisition and maintenance of the interest</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: silver 3pt solid" vAlign=top width="100%" colSpan=9>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The acquisition and maintenance of the interest is part of the Company&#146;s strategy established by the Board of Directors.</FONT></P>
</TD></TR></TABLE></DIV>
<a name="_bclFooter146"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</DIV>
<P style="TEXT-ALIGN: left">146</P>
</DIV>
<HR align=center width="100%" noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_147"></A>&nbsp;
<a name="_bclPageBorder147"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader147"></a><DIV><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"><B>9.1 Relevant non-current assets/ 9.1.c Companies in which the Company holds an interest</B></FONT></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%; BORDER-COLLAPSE: collapse" 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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Company name</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Corporate Taxpayer&#146;s ID</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CVM Code</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type of Company</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Country</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">State</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">City</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description of activities</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Issuer&#146;s interest (%)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Fiscal Year</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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Book value - % chg.</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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Market cap - % chg.</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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Amount of dividends received (R$)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Date</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Value (R$)</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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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; BORDER-BOTTOM: #000000 1px dotted" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Companhia Sider&#250;rgica Nacional Partners LLC</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #000000 1px dotted" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">00.000.000/0000-00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #000000 1px dotted" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: #000000 1px dotted" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Subsidiary</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">USA</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Terre Haute</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Corporate interests</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100.000000</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Market cap</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Book value</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2008</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2007</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="100%" colSpan=9>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Reasons for the acquisition and maintenance of the interest</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: silver 3pt solid" vAlign=top width="100%" colSpan=9>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The acquisition and maintenance of the interest is part of the Company&#146;s strategy established by the Board of Directors.</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Congonhas Min&#233;rios</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">08.902.291/0001-15</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Subsidiary</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brazil</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">MG</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Congonhas</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Mining and corporate interests </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">99.990000</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Market cap</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">6.910000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Book value</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">5,899,644.03</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2008</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">8.590000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2007</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100.000000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="100%" colSpan=9>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Reasons for the acquisition and maintenance of the interest</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: silver 3pt solid" vAlign=top width="100%" colSpan=9>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The acquisition and maintenance of the interest is part of the Company&#146;s strategy established by the Board of Directors.</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Cons&#243;rcio da Usina Hidrel&#233;trica de Igarapava</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">00.139.155/0001-03</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Subsidiary</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brazil</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">MG</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Belo Horizonte</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Electricity consortium </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">17.920000</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Market cap</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">-4.620000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Book value</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">38,149,881.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2008</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">-3.390000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2007</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">-3.280000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<a name="_bclFooter147"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</DIV>
<P style="TEXT-ALIGN: left">147</P>
</DIV>
<HR align=center width="100%" noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_148"></A>
<a name="_bclPageBorder148"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader148"></a><DIV>&nbsp;</DIV>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" 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="100%" colSpan=9>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Reasons for the acquisition and maintenance of the interest</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: silver 3pt solid" vAlign=top width="100%" colSpan=9>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The acquisition and maintenance of the interest is part of the Company&#146;s strategy established by the Board of Directors</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN Aceros</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">00.000.000/0000-00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Subsidiary</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Panama</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Miguel Brostella</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Corporate interests </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100.000000</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Market cap</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">-25.530000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Book value</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">17,451,733.73</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2008</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">31.760000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2007</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">-17.180000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="100%" colSpan=9>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Reasons for the acquisition and maintenance of the interest</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: silver 3pt solid" vAlign=top width="100%" colSpan=9>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The acquisition and maintenance of the interest is part of the Company&#146;s strategy established by the Board of Directors.</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>
<a name="_bclFooter148"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</DIV>
<P style="TEXT-ALIGN: left">148</P>
</DIV>
<HR align=center width="100%" noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_149"></A>&nbsp;
<a name="_bclPageBorder149"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader149"></a><DIV><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"><B>9.1 Relevant non-current assets/ 9.1.c Companies in which the Company holds an interest<BR>
</B><BR>
</FONT></DIV>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" 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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Company name</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Corporate Taxpayer&#146;s ID</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CVM Code</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type of Company</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Country</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">State</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">City</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description of activities</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Issuer&#146;s interest (%)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Fiscal Year</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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Book value - % chg.</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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Market cap - % chg.</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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Amount of dividends received (R$)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Date</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Value (R$)</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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN A&#231;os Longos</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">05.023.529/0000-44</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Subsidiary</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brazil</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">RJ</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Volta Redonda </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Production and sale of steel and/or metallurgical products </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">99.990000</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Market cap</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">629.410000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Book value</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">268,475,447.85</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2008</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">2607747.840000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2007</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100.000000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="100%" colSpan=9>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Reasons for the acquisition and maintenance of the interest</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: silver 3pt solid" vAlign=top width="100%" colSpan=9>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The acquisition and maintenance of the interest is part of the Company&#146;s strategy established by the Board of Directors.</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN Acquisitions Limited</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">00.000.000/0000-00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Subsidiary</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">United Kingdom</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Financial operations and corporate interests </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100.000000</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Market cap</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">-22.230000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Book value</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">238,760,211.41</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2008</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100.000000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2007</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<a name="_bclFooter149"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</DIV>
<P style="TEXT-ALIGN: left">149</P>
</DIV>
<HR align=center width="100%" noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_150"></A>
<a name="_bclPageBorder150"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader150"></a><DIV>&nbsp;</DIV>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" 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="100%" colSpan=9>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Reasons for the acquisition and maintenance of the interest</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: silver 3pt solid" vAlign=top width="100%" colSpan=9>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Financial operations and corporate interests.</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN Cayman</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">00.000.000/0000-00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Subsidiary</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Cayman Islands</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">George Town &#150; Grand Cayman</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Financial operation, sale of products and corporate interests </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100.000000</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Market cap</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">77.850000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Book value</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">645,838,566.77</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2008</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">-36.560000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2007</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">115.340000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="100%" colSpan=9>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Reasons for the acquisition and maintenance of the interest</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: silver 3pt solid" vAlign=top width="100%" colSpan=9>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The acquisition and maintenance of the interest is part of the Company&#146;s strategy established by the Board of Directors.</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>
<a name="_bclFooter150"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</DIV>
<P style="TEXT-ALIGN: left">150</P>
</DIV>
<HR align=center width="100%" noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_151"></A>
<a name="_bclPageBorder151"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader151"></a><DIV><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"><B>9.1 Relevant non-current assets/ 9.1.c Companies in which the Company holds an interest<BR>
</B></FONT></DIV>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" 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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Company name</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Corporate Taxpayer&#146;s ID</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CVM Code</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type of Company</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Country</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">State</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">City</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description of activities</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Issuer&#146;s interest (%)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Fiscal Year</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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Book value - % chg.</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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Market cap - % chg.</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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Amount of dividends received (R$)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Date</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Value (R$)</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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN Cement</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">00.000.000/0000-00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Subsidiary</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Luxembourg</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Munsbach </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Financial operations and corporate interests </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100.000000</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Market cap</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100.000000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Book value</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">405,026.13</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2008</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2007</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="100%" colSpan=9>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Reasons for the acquisition and maintenance of the interest</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: silver 3pt solid" vAlign=top width="100%" colSpan=9>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The acquisition and maintenance of the interest is part of the Company&#146;s strategy established by the Board of Directors.</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN Cimentos</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">42.564.807/0001-05</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Subsidiary</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brazil</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">RJ</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Volta Redonda</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Cement production</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">99.990000</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Market cap</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">562.100000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Book value</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">427,377,069.03</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2008</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">443.020000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2007</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">52.180000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="100%" colSpan=9>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Reasons for the acquisition and maintenance of the interest</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: silver 3pt solid" vAlign=top width="100%" colSpan=9>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The acquisition and maintenance of the interest is part of the Company&#146;s strategy established by the Board of Directors.</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN Energy</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">03.537.249/0001-29</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Subsidiary</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brazil</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">RJ</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Rio de Janeiro</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Electricity trading </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">99.990000</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Market cap</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">-27.200000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">9,797,788.65</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Book value</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">61,358,621.50</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2008</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">-1.030000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">14,985,000.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2007</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">-6.210000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">26,973,000.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<a name="_bclFooter151"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</DIV>
<P style="TEXT-ALIGN: left">151</P>
</DIV>
<HR align=center width="100%" noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_152"></A>
<a name="_bclPageBorder152"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader152"></a><DIV>&nbsp;</DIV>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" 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="100%" colSpan=9>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Reasons for the acquisition and maintenance of the interest</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: silver 3pt solid" vAlign=top width="100%" colSpan=9>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The acquisition and maintenance of the interest is part of the Company&#146;s strategy established by the Board of Directors.</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN Energy</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">00.000.000/0000-00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Subsidiary</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Luxembourg</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Munsbach</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Corporate interests </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100.000000</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Market cap</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">79.960000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Book value</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">920,618,601.85</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2008</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">-37.40</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2007</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">117.770000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="100%" colSpan=9>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Reasons for the acquisition and maintenance of the interest</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: silver 3pt solid" vAlign=top width="100%" colSpan=9>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The acquisition and maintenance of the interest is part of the Company&#146;s strategy established by the Board of Directors.</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>
<a name="_bclFooter152"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</DIV>
<P style="TEXT-ALIGN: left">152</P>
</DIV>
<HR align=center width="100%" noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_153"></A>
<a name="_bclPageBorder153"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader153"></a><DIV><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"><B>9.1 Relevant non-current assets/ 9.1.c Companies in which the Company holds an interest<BR>
</B></FONT></DIV>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" 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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Company name</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Corporate Taxpayer&#146;s ID</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CVM Code</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type of Company</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Country</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">State</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">City</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description of activities</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Issuer&#146;s interest (%)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Fiscal Year</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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Book value - % chg.</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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Market cap - % chg.</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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Amount of dividends received (R$)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Date</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Value (R$)</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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN Export</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">00.000.000/0000-00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Subsidiary</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Luxembourg.</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Munsbach</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Financial operation, sale of products and corporate interests</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100.000000</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Market cap</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">16.330000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Book value</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">207.612,609.49</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2008</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">65.880000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2007</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">11.570000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="100%" colSpan=9>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Reasons for the acquisition and maintenance of the interest</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: silver 3pt solid" vAlign=top width="100%" colSpan=9>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The acquisition and maintenance of the interest is part of the Company&#146;s strategy established by the Board of Directors.</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN Finance UK Ltda.</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">00.000.000/0000-00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Subsidiary</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">United Kingdom</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">London</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Financial operations and corporate interests </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100.000000</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Market cap</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">-25.490000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Book value</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">-90,239,176.36</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2008</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100.000000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2007</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="100%" colSpan=9>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Reasons for the acquisition and maintenance of the interest</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: silver 3pt solid" vAlign=top width="100%" colSpan=9>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The acquisition and maintenance of the interest is part of the Company&#146;s strategy established by the Board of Directors.</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN Gest&#227;o de Recursos Financeiros Ltda</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">09.053.425/00001-33</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Subsidiary</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brazil</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">SP</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">S&#227;o Paulo</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Inactive company </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">99.990000</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Market cap</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Book value</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2008</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2007</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<a name="_bclFooter153"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</DIV>
<P style="TEXT-ALIGN: left">153</P>
</DIV>
<HR align=center width="100%" noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_154"></A>
<a name="_bclPageBorder154"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader154"></a><DIV>&nbsp;</DIV>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" 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="100%" colSpan=9>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Reasons for the acquisition and maintenance of the interest</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: silver 3pt solid" vAlign=top width="100%" colSpan=9>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The acquisition and maintenance of the interest is part of the Company&#146;s strategy established by the Board of Directors.</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN Holdings Corp</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">00.000.000/0000-00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Subsidiary</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">USA</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Wilmington</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Inactive company </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100.000000</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Market cap</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Book value</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0,00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2008</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2007</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="100%" colSpan=9>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Reasons for the acquisition and maintenance of the interest</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: silver 3pt solid" vAlign=top width="100%" colSpan=9>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The acquisition and maintenance of the interest is part of the Company&#146;s strategy established by the Board of Directors.</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>
<a name="_bclFooter154"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</DIV>
<P style="TEXT-ALIGN: left">154</P>
</DIV>
<HR align=center width="100%" noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_155"></A>
<a name="_bclPageBorder155"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader155"></a><DIV><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"><B>9.1 Relevant non-current assets/ 9.1.c Companies in which the Company holds an interest<BR>
</B></FONT></DIV>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" 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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Company name</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Corporate Taxpayer&#146;s ID</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CVM Code</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type of Company</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Country</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">State</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">City</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description of activities</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Issuer&#146;s interest (%)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Fiscal Year</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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Book value - % chg.</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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Market cap - % chg.</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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Amount of dividends received (R$)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Date</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Value (R$)</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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN Holdings UK Ltd.</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">00.000.000/0000-00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Subsidiary</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">United Kingdom.</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">London</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Financial operations and corporate interests</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100.000000</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Market cap</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">-22.520000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Book value</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">361.753,509.27</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2008</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">38.920000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2007</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">8411.650000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="100%" colSpan=9>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Reasons for the acquisition and maintenance of the interest</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: silver 3pt solid" vAlign=top width="100%" colSpan=9>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The acquisition and maintenance of the interest is part of the Company&#146;s strategy established by the Board of Directors.</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN Iberia</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">00.000.000/0000-00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Subsidiary</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Portugal</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Funchal, Madeira </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Financial operation and corporate interests </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100.000000</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Market cap</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">-100.000000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Book value</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">2,329,968,873.48</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2008</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">44.680000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2007</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">90.970000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="100%" colSpan=9>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Reasons for the acquisition and maintenance of the interest</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: silver 3pt solid" vAlign=top width="100%" colSpan=9>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The acquisition and maintenance of the interest is part of the Company&#146;s strategy established by the Board of Directors.</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN Iron S.A.</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">00.000.000/0000-00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Subsidiary</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Panama</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Urbanization San Gabriel</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Financial operations </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100.000000</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Market cap</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">-99.750000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Book value</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">3,167,685.64</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2008</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">47.120000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2007</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">-6.880000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<a name="_bclFooter155"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</DIV>
<P style="TEXT-ALIGN: left">155</P>
</DIV>
<HR align=center width="100%" noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_156"></A>
<a name="_bclPageBorder156"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader156"></a><DIV>&nbsp;</DIV>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" 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="100%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Reasons for the acquisition and maintenance of the interest</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: silver 3pt solid" vAlign=top width="100%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The acquisition and maintenance of the interest is part of the Company&#146;s strategy established by the Board of Directors.</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"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"><B>9.1 Relevant non-current assets/ 9.1.c Companies in which the Company holds an interest</B></FONT></P>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" 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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Company name</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Corporate Taxpayer&#146;s ID</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CVM Code</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type of Company</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Country</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">State</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">City</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description of activities</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Issuer&#146;s interest (%)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Fiscal Year</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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Book value - % chg.</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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Market cap - % chg.</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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Amount of dividends received (R$)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Date</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Value (R$)</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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN Islands IX</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">00.000.000/0000-00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Subsidiary</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Cayman Islands.</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">George Town &#150; Grand Cayman</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Financial operations and corporate interests</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">100.000000</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top 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" vAlign=top width="11%">
<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="11%">
<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 dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<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="11%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Market cap</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<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="11%">
<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="11%">
<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="11%">
<P style="MARGIN: 0in 0in 0pt"><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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-101.110000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Book value</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-28.512.60</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<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="11%">
<P style="MARGIN: 0in 0in 0pt"><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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2008</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-53.700000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<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="11%">
<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="11%">
<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="11%">
<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="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2007</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-48.510000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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="100%" colSpan=9>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Reasons for the acquisition and maintenance of the interest</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: silver 3pt solid" vAlign=top width="100%" colSpan=9>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The acquisition and maintenance of the interest is part of the Company&#146;s strategy established by the Board of Directors.</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN Islands VII</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">00.000.000/0000-00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Subsidiary</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Cayman Islands.</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">George Town &#150; Grand Cayman</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Financial operations and corporate interests </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">100.000000</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top 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" vAlign=top width="11%">
<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="11%">
<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 dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<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="11%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Market cap</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<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="11%">
<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="11%">
<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="11%">
<P style="MARGIN: 0in 0in 0pt"><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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-31.490000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Book value</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">32,558,163.06</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<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="11%">
<P style="MARGIN: 0in 0in 0pt"><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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2008</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">8130.940000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<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="11%">
<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="11%">
<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="11%">
<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="11%">
<P style="MARGIN: 0in 0in 0pt"><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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2007</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-11.940000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<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="11%">
<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="11%">
<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="11%">
<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="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<a name="_bclFooter156"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</DIV>
<P style="TEXT-ALIGN: left">156</P>
</DIV>
<HR align=center width="100%" noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_157"></A>
<a name="_bclPageBorder157"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader157"></a><DIV>&nbsp;</DIV>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" 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="100%" colSpan=9>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Reasons for the acquisition and maintenance of the interest</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: silver 3pt solid" vAlign=top width="100%" colSpan=9>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The acquisition and maintenance of the interest is part of the Company&#146;s strategy established by the Board of Directors.</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN Islands VIII</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">00.000.000/0000-00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Subsidiary</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Cayman Islands.</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">George Town &#150; Grand Cayman</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Financial operations and corporate interests </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">100.000000</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top 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" vAlign=top width="11%">
<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="11%">
<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 dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<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="11%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Market cap</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<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="11%">
<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="11%">
<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="11%">
<P style="MARGIN: 0in 0in 0pt"><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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">26.980000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Book value</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">10,658,424.98</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<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="11%">
<P style="MARGIN: 0in 0in 0pt"><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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2008</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">98.200000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<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="11%">
<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="11%">
<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="11%">
<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="11%">
<P style="MARGIN: 0in 0in 0pt"><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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2007</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-6.340000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<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="11%">
<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="11%">
<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="11%">
<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="11%">
<P style="MARGIN: 0in 0in 0pt"><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="100%" colSpan=9>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Reasons for the acquisition and maintenance of the interest</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: silver 3pt solid" vAlign=top width="100%" colSpan=9>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The acquisition and maintenance of the interest is part of the Company&#146;s strategy established by the Board of Directors.</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN Islands X</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">00.000.000/0000-00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Subsidiary</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Cayman Islands.</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">George Town &#150; Grand Cayman</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Financial operations and corporate interests </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">100.000000</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top 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" vAlign=top width="11%">
<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="11%">
<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 dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<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="11%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Market cap</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<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="11%">
<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="11%">
<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="11%">
<P style="MARGIN: 0in 0in 0pt"><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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-17.090000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Book value</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-32,347,955.30</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<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="11%">
<P style="MARGIN: 0in 0in 0pt"><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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2008</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">52.650000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<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="11%">
<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="11%">
<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="11%">
<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="11%">
<P style="MARGIN: 0in 0in 0pt"><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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2007</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-1.690000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<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="11%">
<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="11%">
<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="11%">
<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="11%">
<P style="MARGIN: 0in 0in 0pt"><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="100%" colSpan=9>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Reasons for the acquisition and maintenance of the interest</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: silver 3pt solid" vAlign=top width="100%" colSpan=9>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The acquisition and maintenance of the interest is part of the Company&#146;s strategy established by the Board of Directors.</FONT></P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 12pt 0in; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<a name="_bclFooter157"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</DIV>
<P style="TEXT-ALIGN: left">157</P>
</DIV>
<HR align=center width="100%" noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_158"></A>
<a name="_bclPageBorder158"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader158"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">9.1 Relevant non-current assets/ 9.1.c Companies in which the Company holds an interest<BR>
</FONT></B></DIV>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" 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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Company name</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Corporate Taxpayer&#146;s ID</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">CVM Code</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type of Company</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Country</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">State</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">City</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description of activities</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Issuer&#146;s interest (%)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Fiscal Year</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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Book value - % chg.</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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Market cap - % chg.</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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Amount of dividends received (R$)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Date</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Value (R$)</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=top width="11%">
<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; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN Islands XI</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">00.000.000/0000-00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Subsidiary</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Cayman Islands.</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">George Town &#150; Grand Cayman</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Financial operations and corporate interests</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">100.000000</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top 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" vAlign=top width="11%">
<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="11%">
<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 dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<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="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Market cap</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<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="11%">
<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="11%">
<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="11%">
<P style="MARGIN: 0in 0in 0pt"><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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">100.000000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Book value</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-18.276,857.78</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<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="11%">
<P style="MARGIN: 0in 0in 0pt"><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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2008</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<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="11%">
<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="11%">
<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="11%">
<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="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2007</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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="100%" colSpan=9>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Reasons for the acquisition and maintenance of the interest</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: silver 3pt solid" vAlign=top width="100%" colSpan=9>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The acquisition and maintenance of the interest is part of the Company&#146;s strategy established by the Board of Directors.</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN Madeira</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">00.000.000/0000-00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Subsidiary</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Portugal</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Funchal, Madeira</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Financial operations and corporate interests</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">100.000000</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top 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" vAlign=top width="11%">
<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="11%">
<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 dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<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="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Market cap</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<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="11%">
<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="11%">
<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="11%">
<P style="MARGIN: 0in 0in 0pt"><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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">78.460000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Book value</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,189,125,483.88</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<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="11%">
<P style="MARGIN: 0in 0in 0pt"><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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2008</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-36.730000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<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="11%">
<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="11%">
<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="11%">
<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="11%">
<P style="MARGIN: 0in 0in 0pt"><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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2007</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">116.340000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<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="11%">
<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="11%">
<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="11%">
<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="11%">
<P style="MARGIN: 0in 0in 0pt"><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="100%" colSpan=9>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Reasons for the acquisition and maintenance of the interest</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: silver 3pt solid" vAlign=top width="100%" colSpan=9>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The acquisition and maintenance of the interest is part of the Company&#146;s strategy established by the Board of Directors.</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN Overseas</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">00.000.000/0000-00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Subsidiary</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Luxembourg.</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Munsbach</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Financial operations and corporate interests</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">100.000000</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top 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" vAlign=top width="11%">
<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="11%">
<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 dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<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="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Market cap</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<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="11%">
<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="11%">
<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="11%">
<P style="MARGIN: 0in 0in 0pt"><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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-22.980000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Book value</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,005,117,419.09</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<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="11%">
<P style="MARGIN: 0in 0in 0pt"><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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2008</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">43.150000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<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="11%">
<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="11%">
<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="11%">
<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="11%">
<P style="MARGIN: 0in 0in 0pt"><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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2007</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-12.280000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<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="11%">
<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="11%">
<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="11%">
<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="11%">
<P style="MARGIN: 0in 0in 0pt"><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="100%" colSpan=9>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Reasons for the acquisition and maintenance of the interest</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: silver 3pt solid" vAlign=top width="100%" colSpan=9>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The acquisition and maintenance of interest is part of the Company&#146;s strategy established by the Board of Directors</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN Panama</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">00.000.000/0000-00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Subsidiary</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Luxembourg</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Munsbach</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Financial operations and corporate interests</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">100.000000</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top 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" vAlign=top width="11%">
<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="11%">
<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 dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<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="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Market cap</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<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="11%">
<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="11%">
<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="11%">
<P style="MARGIN: 0in 0in 0pt"><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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-9.700000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Book value</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">692,837,726.48</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<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="11%">
<P style="MARGIN: 0in 0in 0pt"><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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2008</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">14.560000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<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="11%">
<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="11%">
<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="11%">
<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="11%">
<P style="MARGIN: 0in 0in 0pt"><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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2007</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">72.560000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<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="11%">
<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="11%">
<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="11%">
<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="11%">
<P style="MARGIN: 0in 0in 0pt"><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="100%" colSpan=9>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Reasons for the acquisition and maintenance of the interest</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: silver 3pt solid" vAlign=top width="100%" colSpan=9>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The acquisition and maintenance of the interest is part of the Company&#146;s strategy established by the Board of Directors.</FONT></P>
</TD></TR></TABLE></DIV>
<a name="_bclFooter158"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</DIV>
<P style="TEXT-ALIGN: left">158</P>
</DIV>
<HR align=center width="100%" noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_159"></A>
<a name="_bclPageBorder159"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader159"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">9.1 Relevant non-current assets/ 9.1.c Companies in which the Company holds an interest<BR>
</FONT></B></DIV>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" 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="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Company name</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Corporate Taxpayer&#146;s ID</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CVM Code</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type of Company</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Country</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">State</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">City</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description of activities</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Issuer&#146;s interest (%)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Fiscal Year</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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Book value - % chg.</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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Market cap - % chg.</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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Amount of dividends received (R$)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Date</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Value (R$)</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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN Steel</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">00.000.000/0000-00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Subsidiary</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Luxembourg</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Munsbach</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Financial operations and corporate interests</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100.000000</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Market cap</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">-26.600000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Book value</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,414.208,460.08</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2008</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">35.360000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2007</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">18.290000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="100%" colSpan=9>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Reasons for the acquisition and maintenance of the interest</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: silver 3pt solid" vAlign=top width="100%" colSpan=9>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The acquisition and maintenance of the interest is part of the Company&#146;s strategy established by the Board of Directors.</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Diplic &#150; Fundo de investimento multimercado</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">71.586.630/0001-38</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Subsidiary</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brazil</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">RJ</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Rio de Janeiro</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Investment fund </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100.000000</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Market cap</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">89.920000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Book value</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">2,257,167,309.14</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2008</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">73.830000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2007</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">78.760000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="100%" colSpan=9>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Reasons for the acquisition and maintenance of the interest</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: silver 3pt solid" vAlign=top width="100%" colSpan=9>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The acquisition and maintenance of the interest is part of the Company&#146;s strategy established by the Board of Directors.</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Energy I</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">00.000.000/0000-00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Subsidiary</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Luxembourg.</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Munsbach</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Corporate interests </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100.000000</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Market cap</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">78.000000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Book value</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">932,048,236.10</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 11pt" face="Times New Roman,serif">12/31/2008</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 11pt" face="Times New Roman,serif">-36.620000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 11pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 11pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 11pt" face="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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 11pt" face="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="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 11pt" face="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="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 11pt" face="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="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 11pt" 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="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 11pt" face="Times New Roman,serif">12/31/2007</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 11pt" face="Times New Roman,serif">115.650000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 11pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 11pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 11pt" face="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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 11pt" face="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="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 11pt" face="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="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 11pt" face="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="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 11pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" 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="100%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman,serif">Reasons for the acquisition and maintenance of the interest</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" 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; BORDER-BOTTOM: silver 3pt solid" vAlign=top width="100%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman,serif">The acquisition and maintenance of the interest is part of the Company&#146;s strategy established by the Board of Directors.</FONT></P>
</TD></TR></TABLE></DIV>
<a name="_bclFooter159"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</DIV>
<P style="TEXT-ALIGN: left">159</P>
</DIV>
<HR align=center width="100%" noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_160"></A>
<a name="_bclPageBorder160"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader160"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">9.1 Relevant non-current assets/ 9.1.c Companies in which the Company holds an interest<BR>
</FONT></B></DIV>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" 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="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Company name</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="15%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Corporate Taxpayer&#146;s ID</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CVM Code</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"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type of Company</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Country</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">State</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">City</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description of activities</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Issuer&#146;s interest (%)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Fiscal Year</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=top width="15%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Book value - % chg.</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=top width="9%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Market cap - % chg.</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=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Amount of dividends received (R$)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Date</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Value (R$)</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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">ERSA</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="15%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">00.684.808/0001-35</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Subsidiary</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brazil </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">RO</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Ariquemes</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Mining</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">99.990000</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="15%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><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=top width="9%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="8%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Market cap</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="15%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">-34.650000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">4,710,116.29</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Book value</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">14.719,080.81</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2008</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="15%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">-21.680000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">16,477,261.12</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2007</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="15%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">43.110000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">110,049.68</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="100%" colSpan=11>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Reasons for the acquisition and maintenance of the interest</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 3pt solid" vAlign=top width="100%" colSpan=11>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The acquisition and maintenance of the interest is part of the Company&#146;s strategy established by the Board of Directors.</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">GalvaSud</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="15%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">02.618.456/0001-45</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Subsidiary </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brazil </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">RJ </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Porto Real</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Steelmaking</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">99.990000</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="15%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><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=top width="9%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="8%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Market cap</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="15%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">13.880000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100,567,351.33</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Book value</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">783,420,626.49</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2008</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="15%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">551.470000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">10,192,519.16</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2007</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="15%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">14.820000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">155,913.57</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="100%" colSpan=11>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Reasons for the acquisition and maintenance of the interest</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 3pt solid" vAlign=top width="100%" colSpan=11>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The acquisition and maintenance of the interest is part of the Company&#146;s strategy established by the Board of Directors.</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Hickory &#150; Com&#233;rcio Intern. Serv. Ltda</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="14%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">00.000.000/00000-00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Subsidiary</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Portugal</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Financial operations and sale of products </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100.000000</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><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=top width="14%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="9%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="8%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Market cap</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="12%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><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=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="14%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">-79.330000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Book value</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">-230,934.43</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><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=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2008</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="14%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">-145.550000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="12%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><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=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2007</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="14%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">-1893.120000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="12%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><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=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="100%" colSpan=11>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Reasons for the acquisition and maintenance of the interest</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 3pt solid" vAlign=top width="100%" colSpan=11>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The acquisition and maintenance of interest is part of the Company&#146;s strategy established by the Board of Directors</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Inal Nordeste</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="15%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">00.904.638/0001-57</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Subsidiary</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brazil</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">BA</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Cama&#231;ari</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Steel product service center</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">99.990000</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="15%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><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=top width="9%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="8%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Market cap</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="15%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">-11.030000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Book value</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">36,958,051.57</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2008</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="15%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">-23.120000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">41,193,924.32</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2007</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="15%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">56.110000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">82,302,214.59</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="100%" colSpan=11>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Reasons for the acquisition and maintenance of the interest</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: silver 3pt solid" vAlign=top width="100%" colSpan=11>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The acquisition and maintenance of the interest is part of the Company&#146;s strategy established by the Board of Directors.</FONT></P>
</TD></TR>
<TR height=0>
     <TD width="11%"></TD>
     <TD width="1%"></TD>
     <TD width="14%"></TD>
     <TD width="9%"></TD>
     <TD width="13%"></TD>
     <TD width="8%"></TD>
     <TD width="10%"></TD>
     <TD width="12%"></TD>
     <TD width="11%"></TD>
     <TD width="1%"></TD>
     <TD width="10%"></TD></TR></TABLE></DIV>
<a name="_bclFooter160"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</DIV>
<P style="TEXT-ALIGN: left">160</P>
</DIV>
<HR align=center width="100%" noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_161"></A>
<a name="_bclPageBorder161"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader161"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">9.1 Relevant non-current assets/ 9.1.c Companies in which the Company holds an interest<BR>
</FONT></B></P>
</DIV>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" 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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Company name</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"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Corporate Taxpayer&#146;s ID</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CVM Code</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type of Company</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Country</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">State</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">City</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description of activities</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Issuer&#146;s interest (%)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Fiscal Year</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=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Book value - % chg.</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=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Market cap - % chg.</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=top width="12%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(R$) Amount of dividends received </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Date</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Value (R$)</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=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">International Charitable Corporation</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">00.000.000/0000-00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Subsidiary</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Panama</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Panama City</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Inactive company</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><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=top width="8%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Market cap</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</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"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Book value</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2008</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"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2007</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="100%" colSpan=13>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Reasons for the acquisition and maintenance of the interest</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 2.25pt solid" vAlign=top width="100%" colSpan=13>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The acquisition and maintenance of the interest is part of the Company&#146;s strategy established by the Board of Directors.</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">International Investment Fund</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">00.000.000/0000-00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Subsidiary</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Belize </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Belize City</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Financial operations and corporate interests</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100.000000</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><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=top width="8%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Market cap</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="12%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><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=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</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"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">2996.480000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Book value</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">107.614,982.16</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><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=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2008</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"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100.000000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="12%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><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=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2007</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="100%" colSpan=13>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Reasons for the acquisition and maintenance of the interest</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 3pt solid" vAlign=top width="100%" colSpan=13>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The acquisition and maintenance of the interest is part of the Company&#146;s strategy established by the Board of Directors.</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">It&#225; Energ&#233;tica</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">01.355.994/0001-21</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brazil</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">SP</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">S&#227;o Paulo </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Electricity generation</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">48.750000</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><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=top width="8%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Market cap</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="12%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</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"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">6.380000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">4,070,919.44</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Book value</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">310,144,203.69</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="12%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2008</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"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.510000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">6,858,167.40</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="12%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2007</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"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.790000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">3,285,826.59</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="12%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="100%" colSpan=13>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Reasons for the acquisition and maintenance of the interest</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 3pt solid" vAlign=top width="100%" colSpan=13>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The acquisition and maintenance of the interest is part of the Company&#146;s strategy established by the Board of Directors.</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Itagua&#237; Log&#237;stica</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">09.295.323/0001-24</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="9%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Subsidiary</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brazil</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">MG</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Congonhas</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Logistics </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">99.990000</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="16%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><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=top width="9%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="8%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Market cap</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="12%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">-0.160000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Book value</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">998,019.98</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="12%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2008</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">-0.040000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="12%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2007</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100.000000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="12%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="100%" colSpan=13>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Reasons for the acquisition and maintenance of the interest</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 3pt solid" vAlign=top width="100%" colSpan=13>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The acquisition and maintenance of the interest is part of the Company&#146;s strategy established by the Board of Directors.</FONT></P>
</TD></TR>
<TR height=0>
     <TD width="12%"></TD>
     <TD width="13%"></TD>
     <TD width="3%"></TD>
     <TD width="8%"></TD>
     <TD width="1%"></TD>
     <TD width="11%"></TD>
     <TD width="8%"></TD>
     <TD width="10%"></TD>
     <TD width="12%"></TD>
     <TD width="10%"></TD>
     <TD width="1%"></TD>
     <TD width="1%"></TD>
     <TD width="10%"></TD></TR></TABLE></DIV>
<a name="_bclFooter161"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</DIV>
<P style="TEXT-ALIGN: left">161</P>
</DIV>
<HR align=center width="100%" noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_162"></A>
<a name="_bclPageBorder162"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader162"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">9.1 Relevant non-current assets/ 9.1.c Companies in which the Company holds an interest<BR>
</FONT></B></DIV>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" 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="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Company name</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="15%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Corporate Taxpayer&#146;s ID</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CVM Code</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type of Company</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Country</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">State</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">City</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description of activities</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Issuer&#146;s interest (%)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Fiscal Year</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=top width="15%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Book value - % chg.</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=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Market cap - % chg.</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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(R$) Amount of dividends received </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Date</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Value (R$)</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=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Itamambuca Participa&#231;&#245;es</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="15%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">07.284.654/0001-33</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Subsidiary</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brazil</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">MG</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Arcos</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Mining and corporate interests</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">99.990000</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="15%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="9%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Market cap</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><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=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="15%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">-811.940000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Book value</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">-35,059.65</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><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=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2008</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="15%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">134.590000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><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=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2007</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="15%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">-9.160000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><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=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="100%" colSpan=12>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Reasons for the acquisition and maintenance of the interest</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 3pt solid" vAlign=top width="100%" colSpan=12>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The acquisition and maintenance of the interest is part of the Company&#146;s strategy established by the Board of Directors.</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Lusosider A&#231;os Planos S.A.</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="15%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">00.000.000/0000-00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Subsidiary</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Portugal </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Aldeia de Paio Pires</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Corporate interests</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100.000000</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="15%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="9%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Market cap</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="15%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">-58.870000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Book value</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">113,802,596.48</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2008</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="15%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">-0.100000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2007</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="15%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">127.890000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="100%" colSpan=12>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Reasons for the acquisition and maintenance of the interest</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 3pt solid" vAlign=top width="100%" colSpan=12>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The acquisition and maintenance of the interest is part of the Company&#146;s strategy established by the Board of Directors.</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="14%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Lusosider Projectos Sider&#250;rgicos</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">00.000.000/0000-00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Subsidiary</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Portugal</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Aldeia de Paio Pires</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Corporate interests</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">48.750000</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="14%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><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=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="9%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Market cap</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="14%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Book value</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="14%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2008</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="14%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2007</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="100%" colSpan=12>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Reasons for the acquisition and maintenance of the interest</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 3pt solid" vAlign=top width="100%" colSpan=12>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The acquisition and maintenance of the interest is part of the Company&#146;s strategy established by the Board of Directors.</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">MG Min&#233;rios</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">09.295.302/0001-09</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Subsidiary</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brazil</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">MG</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Congonhas</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Mining and corporate interests</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">59.990000</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="16%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><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=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="9%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Market cap</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><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=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.170000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Book value</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">600,764.86</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><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=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2008</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">-40.030000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><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=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2007</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100.000000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><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=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="100%" colSpan=12>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Reasons for the acquisition and maintenance of the interest</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 3pt solid" vAlign=top width="100%" colSpan=12>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The acquisition and maintenance of the interest is part of the Company&#146;s strategy established by the Board of Directors.</FONT></P>
</TD></TR>
<TR height=0>
     <TD width="11%"></TD>
     <TD width="3%"></TD>
     <TD width="12%"></TD>
     <TD width="1%"></TD>
     <TD width="10%"></TD>
     <TD width="11%"></TD>
     <TD width="9%"></TD>
     <TD width="10%"></TD>
     <TD width="12%"></TD>
     <TD width="10%"></TD>
     <TD width="1%"></TD>
     <TD width="10%"></TD></TR></TABLE></DIV>
<a name="_bclFooter162"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</DIV>
<P style="TEXT-ALIGN: left">162</P>
</DIV>
<HR align=center width="100%" noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_163"></A>
<a name="_bclPageBorder163"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader163"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">9.1 Relevant non-current assets/ 9.1.c Companies in which the Company holds an interest</FONT></B></DIV>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" 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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Company name</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"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Corporate Taxpayer&#146;s ID</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CVM Code</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="14%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type of Company</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Country</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">State</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"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">City</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description of activities</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Issuer&#146;s interest (%)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Fiscal Year</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=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Book value - % chg.</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=top width="9%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Market cap - % chg.</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=top width="14%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(R$) Amount of dividends received </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Date</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Value (R$)</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=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Minera&#231;&#227;o Nacional</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">09.294.881/0001-75</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="14%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Subsidiary</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brazil Market cap</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">MG</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;Congonhas</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Mining and corporate interests</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">99.990000</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</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"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">-0.170000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="14%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Book value</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</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"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">997,847.98</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><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=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2008</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"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">-0.040000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="14%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><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=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2007</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100.000000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="14%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="100%" colSpan=11>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Reasons for the acquisition and maintenance of the interest</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 3pt solid" vAlign=top width="100%" colSpan=11>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The acquisition and maintenance of the interest is part of the Company&#146;s strategy established by the Board of Directors.</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">MRS Log&#237;stica</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">01.417.222/0001-77</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Subsidiary</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="9%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brazil </FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Market cap</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">RJ</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Rio de Janeiro</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Rail transport</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">22.930000</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</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"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">-7.680000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">162,323,866.19</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Book value</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</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"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">382.921,663.96</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2008</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"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">4.860000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">43,783,705.19</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><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=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2007</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"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">31.530000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">43,189,426.46</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><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=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="100%" colSpan=11>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Reasons for the acquisition and maintenance of the interest</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 3pt solid" vAlign=top width="100%" colSpan=11>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The acquisition and maintenance of the interest is part of the Company&#146;s strategy established by the Board of Directors.</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Mugen &#150; Fundo de investimento multimercado</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">05.897.172/0001-23</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Subsidiary</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="9%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brazil</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">RJ</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Rio de Janeiro</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Investment fund</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100.000000</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="9%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="9%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Market cap</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</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"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100.000000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Book value</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</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"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">467,546,398.09</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2008</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"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><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=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2007</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"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">-100.000000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><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=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="100%" colSpan=11>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Reasons for the acquisition and maintenance of the interest</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 3pt solid" vAlign=top width="100%" colSpan=11>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The acquisition and maintenance of the interest is part of the Company&#146;s strategy established by the Board of Directors.</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Nacional Min&#233;rios</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">08.446.702/0001-05</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Subsidiary</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="9%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brazil </FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Market cap</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">MG</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Nova Lima</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Mining and corporate interests </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">60.000000</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</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"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">21.290000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">59,739,157.220</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Book value</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</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"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">5,897,182,531.60</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><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=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2008</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"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">7862.360000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">9,674,911.93</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><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=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><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=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2007</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"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">663.270000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><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=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><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=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="100%" colSpan=11>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Reasons for the acquisition and maintenance of the interest</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 3pt solid" vAlign=top width="100%" colSpan=11>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The acquisition and maintenance of the interest is part of the Company&#146;s strategy established by the Board of Directors.</FONT></P>
</TD></TR>
<TR height=0>
     <TD width="12%"></TD>
     <TD width="13%"></TD>
     <TD width="9%"></TD>
     <TD width="13%"></TD>
     <TD width="1%"></TD>
     <TD width="8%"></TD>
     <TD width="10%"></TD>
     <TD width="13%"></TD>
     <TD width="10%"></TD>
     <TD width="1%"></TD>
     <TD width="10%"></TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman,serif"></FONT>&nbsp;</P>
<a name="_bclFooter163"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</DIV>
<P style="TEXT-ALIGN: left">163</P>
</DIV>
<HR align=center width="100%" noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_164"></A>
<a name="_bclPageBorder164"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader164"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">9.1 Relevant non-current assets/ 9.1.c Companies in which the Company holds an interest&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B></DIV>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" 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="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Company name</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"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Corporate Taxpayer&#146;s ID</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CVM Code</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type of Company</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Country</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">State</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">City</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description of activities</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Issuer&#146;s interest (%)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Fiscal Year</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=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Book value - % chg.</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=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Market cap - % chg.</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=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Amount of dividends received (R$)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Date</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Value (R$)</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=top width="13%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Namisa Europe</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">00.000.000/0000-00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Subsidiary</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Portugal </FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Market cap</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Funchal, Madeira</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="13%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Corporate interests and the sale of products and ore </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">60.000000</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</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"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">-10.930000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Book value</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">245,486,355.93</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><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=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2008</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"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100.000000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="13%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><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=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2007</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="13%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="100%" colSpan=10>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Reasons for the acquisition and maintenance of the interest</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 3pt solid" vAlign=top width="100%" colSpan=10>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The acquisition and maintenance of the interest is part of the Company&#146;s strategy established by the Board of Directors.</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Namisa International Min&#233;rios SLU</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">00.000.000/0000-00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Subsidiary</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Portugal </FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Market cap</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Funchal, Madeira</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="13%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Corporate interests and the sale of products and ore</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">60.000000</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</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"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">-10.790000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Book value</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">245.834,177.47</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><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=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2008</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"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">3541487.680000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="13%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><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=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2007</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"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="13%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><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=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="100%" colSpan=10>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Reasons for the acquisition and maintenance of the interest</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 3pt solid" vAlign=top width="100%" colSpan=10>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The acquisition and maintenance of the interest is part of the Company&#146;s strategy established by the Board of Directors.</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Pelotiza&#231;&#227;o Nacional</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">09.295.313/0001-99</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Subsidiary</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brazil </FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Market cap</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">MG</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Congonhas</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="13%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Mining and corporate interests</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">59.990000</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</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"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.160000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Book value</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">600,717.43</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><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=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2008</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"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">-40.030000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="13%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><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=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2007</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"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100.000000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="13%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><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=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="100%" colSpan=10>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Reasons for the acquisition and maintenance of the interest</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 3pt solid" vAlign=top width="100%" colSpan=10>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The acquisition and maintenance of the interest is part of the Company&#146;s strategy established by the Board of Directors.</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Sepetiba Tecon S.A.</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">02.394.276/0001-27</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Subsidiary</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brazil </FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Market cap</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">RJ</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Itagua&#237; </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Port services </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">99.990000</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</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"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">5.630000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Book value</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">176,456,589.12</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="12%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2008</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"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.330000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="12%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2007</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"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">507.650000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><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=top width="12%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="100%" colSpan=10>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Reasons for the acquisition and maintenance of the interest</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 3pt solid" vAlign=top width="100%" colSpan=10>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The acquisition and maintenance of the interest is part of the Company&#146;s strategy established by the Board of Directors.</FONT></P>
</TD></TR>
<TR height=0>
     <TD width="11%"></TD>
     <TD width="13%"></TD>
     <TD width="10%"></TD>
     <TD width="10%"></TD>
     <TD width="10%"></TD>
     <TD width="11%"></TD>
     <TD width="12%"></TD>
     <TD width="11%"></TD>
     <TD width="2%"></TD>
     <TD width="10%"></TD></TR></TABLE></DIV>
<a name="_bclFooter164"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</DIV>
<P style="TEXT-ALIGN: left">164</P>
</DIV>
<HR align=center width="100%" noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>
<A name=page_165></A>
<a name="_bclPageBorder165"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader165"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">9.1 Relevant non-current assets/ 9.1.c Companies in
which the Company an holds interest&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></DIV>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%; BORDER-COLLAPSE: collapse" 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="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Company name</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Corporate Taxpayer&#146;s ID</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CVM Code</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type of Company</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Country</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">State</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">City</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description of activities</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Issuer&#146;s interest (%)</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Fiscal Year</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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Book value - % chg.</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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Market cap - % chg.</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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Amount of dividends received
    (R$)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Date</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Value (R$)</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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Tangua</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">00.000.000/0000-00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Cayman Islands</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">George Town &#150; Grand Cayman</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">International investment fund </FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100.000000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Market cap</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">-96.530000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Book value</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">248,942,252.02</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2008</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">49375.510000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2007</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">-17.200000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="100%" colSpan=9>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Reasons for the acquisition and maintenance
      of the interest</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 3pt solid" vAlign=top width="100%" colSpan=9>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The acquisition and maintenance of the
      interest is part of the Company&#146;s strategy established by the Board of
      Directors.</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">TdBB S.A.</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">00.000.000/0000-00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Panama </FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Panama City</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Inactive company</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">100.000000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Market cap</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Book value</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2008</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2007</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="100%" colSpan=9>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Reasons for the acquisition and maintenance
      of the interest</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 3pt solid" vAlign=top width="100%" colSpan=9>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The acquisition and maintenance of the
      interest is part of the Company&#146;s strategy established by the Board of
      Directors.</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Transnordestina Log&#237;stica</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">02.281.836/0001-37</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><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; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Brazil</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CE</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Fortaleza</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Rail transport</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">84.340000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Market cap</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">83.900000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Book value</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">447,528,417.84</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2008</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">689.800000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="12%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2007</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.650000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt dashed; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><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=top width="11%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR 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="100%" colSpan=9>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Reasons for the acquisition and maintenance
      of the interest</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: silver 3pt solid" vAlign=top width="100%" colSpan=9>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The acquisition and maintenance of the
      interest is part of the Company&#146;s strategy established by the Board of
      Directors.</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 12pt 0in; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter165"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">165</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_166></A>
<a name="_bclPageBorder166"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader166"></a><DIV><B><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif">9.2 Other relevant information:
</FONT></I></FONT></B></DIV>
<P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">None. </FONT></P>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter166"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">166</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_167></A>
<a name="_bclPageBorder167"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader167"></a><DIV><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">10.1 Management should comment
on:</FONT></I></B></DIV>
<P style="MARGIN: 0in 0in 0pt">&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>

  <TR style="HEIGHT: 11pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 11pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">a) general equity and
      financial conditions:</FONT></I></B></P></TD></TR>
  <TR style="HEIGHT: 19.45pt">
    <TD style="BORDER-RIGHT: #000000 1px solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #000000 1px solid; PADDING-TOP: 0in; HEIGHT: 19.45pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Companhia Sider&#250;rgica
      Nacional is a highly integrated company whose operations cover the entire
      steel production chain, from the mining of iron ore to the production and
      sale of coils, metallic sheets and steel packaging. It also has interests
      in railways, port terminals, cement production and power
      generation.&nbsp;&nbsp;&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Founded in 1941, it
      began operations in 1946, pioneering the production of flat steel in
      Brazil. Privatized in 1993, it was entirely restructured, becoming one of
      the world&#146;s most competitive and profitable steelmakers.&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Thanks to its
      integrated production system and exemplary management, CSN&#146;s production
      costs are among the lowest in the global steel sector. </FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company strives
      to maximize shareholder returns by concentrating operations in mining,
      steel and other key activities, including logistics, cement and power
      generation.</FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">The Executive Board understands that the
      Company presents the necessary financial and equity conditions to
      implement its business plans and fulfill its short- and medium-term
      obligations.</FONT></P></TD></TR></TABLE>
<TABLE style="FONT-SIZE: 9pt; WIDTH: 100%; FONT-FAMILY: ''''''''''''''''''''''''''''''''''''''Times New Roman''''''''''''''''''''''''''''''''''''''" cellSpacing=0 border=0>

  <TR>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" width="5%">&nbsp;</TD>
    <TD width="45%"></TD>
    <TD width="15%"></TD>
    <TD width="15%"></TD>
    <TD width="15%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" width="5%">&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=left width="5%" bgColor=#bfbfbf>&nbsp;</TD>
    <TD align=left width="45%" bgColor=#bfbfbf>&nbsp;</TD>
    <TD align=right width="15%" bgColor=#bfbfbf><B><FONT size=3>2009</FONT></B>&nbsp;</TD>
    <TD align=right width="15%" bgColor=#bfbfbf><B><FONT size=3>2008</FONT></B>&nbsp;</TD>
    <TD align=right width="15%" bgColor=#bfbfbf><B><FONT size=3>2007</FONT></B>&nbsp;</TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=right width="5%" bgColor=#bfbfbf><B><FONT size=3>&nbsp;</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=left width="5%"><B><FONT size=3>&nbsp;</FONT></B></TD>
    <TD align=left width="45%"><B><FONT size=3>Shareholders&#146;
    Equity</FONT></B>&nbsp;</TD>
    <TD align=right width="15%"><FONT size=3>5,510,433</FONT>&nbsp;</TD>
    <TD align=right width="15%"><FONT size=3>6,662,589</FONT>&nbsp;</TD>
    <TD align=right width="15%"><FONT size=3>7,542,261</FONT>&nbsp;</TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=right width="5%"><FONT size=3>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=left width="5%" bgColor=#1f497d><B><FONT color=#ffffff size=2>&nbsp;</FONT></B></TD>
    <TD align=left width="45%" bgColor=#1f497d><B><FONT color=#ffffff size=2>Debt</FONT></B>&nbsp;</TD>
    <TD align=left width="15%" bgColor=#1f497d>&nbsp;</TD>
    <TD align=left width="15%" bgColor=#1f497d>&nbsp;</TD>
    <TD align=left width="15%" bgColor=#1f497d>&nbsp;</TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=left width="5%" bgColor=#1f497d>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=left width="5%"><FONT size=3>&nbsp;</FONT></TD>
    <TD align=left width="45%"><FONT size=3>Loans and
Financing</FONT>&nbsp;</TD>
    <TD align=right width="15%"><FONT size=3>14,363,476</FONT>&nbsp;</TD>
    <TD align=right width="15%"><FONT size=3>11,634,720</FONT>&nbsp;</TD>
    <TD align=right width="15%"><FONT size=3>8,752,092</FONT>&nbsp;</TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=right width="5%"><FONT size=3>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=left width="5%"><FONT size=3>&nbsp;</FONT></TD>
    <TD align=left width="45%"><FONT size=3>(-) Cash and Cash
      Equivalents</FONT>&nbsp;</TD>
    <TD align=right width="15%"><FONT size=3>8,086,742</FONT>&nbsp;</TD>
    <TD align=right width="15%"><FONT size=3>9,224,113</FONT>&nbsp;</TD>
    <TD align=right width="15%"><FONT size=3>2,367,353</FONT>&nbsp;</TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=right width="5%"><FONT size=3>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=left width="5%" bgColor=#1f497d><B><FONT color=#ffffff size=2>&nbsp;</FONT></B></TD>
    <TD align=left width="45%" bgColor=#1f497d><B><FONT color=#ffffff size=2>NetDebt</FONT></B>&nbsp;</TD>
    <TD align=right width="15%" bgColor=#1f497d><B><FONT color=#ffffff size=3>6,276,734</FONT></B>&nbsp;</TD>
    <TD align=right width="15%" bgColor=#1f497d><B><FONT color=#ffffff size=3>2,410,607</FONT></B>&nbsp;</TD>
    <TD align=right width="15%" bgColor=#1f497d><B><FONT color=#ffffff size=3>6,384,739</FONT></B><FONT size=3>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=right width="5%" bgColor=#1f497d>&nbsp;</TD></TR></TABLE>
<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 style="HEIGHT: 11pt">
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" width="100%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Note: The amount of
      loans and financing above includes transaction and derivative costs, as
      shown in the table in item 10.1 (f).</FONT></P></TD></TR>
  <TR style="HEIGHT: 11pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 11pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">b) capital structure
      and possibility of share or quota redemption: </FONT></I></B><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">&nbsp;</FONT></P></TD></TR>
  <TR style="HEIGHT: 19.45pt">
    <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: 19.45pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company&#146;s
      shareholders&#146; equity stood at R$5,510,433 thousand on December 31, 2009,
      17.3% down on the R$6,662,589 thousand recorded on December 31, 2008.
      </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">There are no
      possibilities for the redemption of the Company&#146;s stock outside of those
      established by law.&nbsp; </FONT></P></TD></TR>
  <TR style="HEIGHT: 11pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 11pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">c) payment capacity
      in relation to financial commitments:</FONT></I></B></P></TD></TR>
  <TR style="HEIGHT: 19.45pt">
    <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: 19.45pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company has a
      comfortable liquidity position, in addition to a high level of cash
      generation and access to several sources of domestic and foreign
      financing. The Executive Board therefore believes it has a sustainable
      capacity to honor all its financial commitments. </FONT></P></TD></TR>
  <TR style="HEIGHT: 11pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 11pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">d) sources of
      financing for working capital and investments in non-current
      assets:</FONT></I></B></P></TD></TR>
  <TR style="HEIGHT: 19.45pt">
    <TD style="BORDER-RIGHT: #000000 1px solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #000000 1px solid; PADDING-TOP: 0in; HEIGHT: 19.45pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Sources of financing
      for working capital and investments in non-current assets are lines of
      trade finance, lines from development banks, bonds, debentures and bank
      credit bills, in addition to the Company&#146;s own resources.&nbsp; The
      Company is always seeking to maximize shareholder returns by extending
      debt maturities and improving its liquidity conditions. These sources of
      financing on the domestic and foreign markets are described in item 10.1
      (f) of this Reference Form. </FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 11pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 11pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">e) sources of
      financing for working capital and investments in non-current assets to
      cover liquidity shortcomings:</FONT></I></B></P></TD></TR>
  <TR style="HEIGHT: 11pt">
    <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: 11pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">If the Executive
      Board believes it is necessary to cover an eventual liquidity shortcoming,
      the Company would be able to contract special lines of credit and/or
      financing from banks, as well as negotiating with its suppliers and
      improving the management of its working capital. </FONT></P></TD></TR>
  <TR style="HEIGHT: 11pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 11pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in 6pt 35.4pt; TEXT-INDENT: -35.4pt; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">f) levels of
      indebtedness and characteristics of debt, describing:
    </FONT></I></B></P></TD></TR>
  <TR style="HEIGHT: 29.8pt">
    <TD style="BORDER-RIGHT: #000000 1px solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; BORDER-LEFT: #000000 1px solid; PADDING-TOP: 0in; HEIGHT: 29.8pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in 6pt 0.75in; TEXT-INDENT: -0.5in; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black>(i)</FONT></I></B><B><I><FONT style="FONT-SIZE: 7pt" face="Times New Roman" color=black>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT></I></B><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black>Relevant loan and financing
      agreements</FONT></I></B></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><B><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black>Relevant
      loan and financing agreements as of December 31, 2009</FONT></U></B></P>
      <P style="MARGIN: 6pt 0in"><B><U><FONT style="FONT-SIZE: 8pt" face=Times,serif>Amounts in R$
thousand</FONT></U></B></P></TD></TR></TABLE>
<TABLE style="FONT-SIZE: 9pt; WIDTH: 100%; FONT-FAMILY: ''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''Times New Roman''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''" cellSpacing=0 border=0>

  <TR>
    <TD style="BORDER-LEFT: #000000 1px solid" width="28%">&nbsp;</TD>
    <TD width="1%"></TD>
    <TD width="8%"></TD>
    <TD width="1%"></TD>
    <TD width="8%"></TD>
    <TD width="1%"></TD>
    <TD width="8%"></TD>
    <TD width="1%"></TD>
    <TD width="8%"></TD>
    <TD width="1%"></TD>
    <TD width="8%"></TD>
    <TD width="1%"></TD>
    <TD width="8%"></TD>
    <TD width="1%"></TD>
    <TD width="8%"></TD>
    <TD width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" width="8%">&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="28%">&nbsp;
    </TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="35%" colSpan=7><B><FONT size=2>Consolidated</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" align=right width="35%" colSpan=7><B><FONT size=2>Parent
      Company</FONT></B><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="28%"><FONT size=2>&nbsp; </FONT></TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right width="17%" colSpan=3><FONT size=2>Current liabilities</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right width="17%" colSpan=3><FONT size=2>Noncurrent liabilities</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right width="17%" colSpan=3><FONT size=2>Current liabilities</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 2px solid" align=right width="17%" colSpan=3><FONT size=2>Noncurrent
      liabilities</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="28%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%"><FONT size=2>2009</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%"><FONT size=2>2008</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%"><FONT size=2>2009</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%"><FONT size=2>2008</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%"><FONT size=2>2009</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%"><FONT size=2>2008</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%"><FONT size=2>2009</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" align=right width="8%"><FONT size=2>2008</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="28%" bgColor=#f2f2f2><B><FONT size=2>FOREIGN CURRENCY</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%" bgColor=#f2f2f2></TD>
    <TD align=left width="8%" bgColor=#f2f2f2><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%" bgColor=#f2f2f2></TD>
    <TD align=left width="8%" bgColor=#f2f2f2><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%" bgColor=#f2f2f2></TD>
    <TD align=left width="8%" bgColor=#f2f2f2><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%" bgColor=#f2f2f2></TD>
    <TD align=left width="8%" bgColor=#f2f2f2><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%" bgColor=#f2f2f2></TD>
    <TD align=left width="8%" bgColor=#f2f2f2><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%" bgColor=#f2f2f2></TD>
    <TD align=left width="8%" bgColor=#f2f2f2><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%" bgColor=#f2f2f2></TD>
    <TD align=left width="8%" bgColor=#f2f2f2><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%" bgColor=#f2f2f2></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=left width="8%" bgColor=#f2f2f2><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="28%"><B><FONT size=2>Long-term loans</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="8%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="8%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="8%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="8%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="8%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="8%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="8%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=left width="8%"><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 1px" align=left width="28%" bgColor=#f2f2f2>
      <P style="MARGIN-LEFT: 0.1in"><FONT size=2>ACC</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD align=left width="1%" bgColor=#f2f2f2>
      <P style="MARGIN-LEFT: 0.1in"></P></TD>
    <TD align=right width="8%" bgColor=#f2f2f2><FONT size=2>233,837</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="8%" bgColor=#f2f2f2><FONT size=2>2,190,556</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=left width="8%" bgColor=#f2f2f2><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="8%" bgColor=#f2f2f2><FONT size=2>241,553</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="8%" bgColor=#f2f2f2><FONT size=2>233,837</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="8%" bgColor=#f2f2f2><FONT size=2>2,190,556</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=left width="8%" bgColor=#f2f2f2><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%" bgColor=#f2f2f2></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="8%" bgColor=#f2f2f2><FONT size=2>241,554</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 1px" align=left width="28%">
      <P style="MARGIN-LEFT: 0.1in"><FONT size=2>Pre-payment</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD align=left width="1%">
      <P style="MARGIN-LEFT: 0.1in"></P></TD>
    <TD align=right width="8%"><FONT size=2>309,437</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="8%"><FONT size=2>275,084</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="8%"><FONT size=2>2,872,698</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="8%"><FONT size=2>1,963,539</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="8%"><FONT size=2>590,442</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="8%"><FONT size=2>307,561</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="8%"><FONT size=2>4,470,437</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="8%"><FONT size=2>4,402,184</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 1px" align=left width="28%" bgColor=#f2f2f2>
      <P style="MARGIN-LEFT: 0.1in"><FONT size=2>Perpetual Bonds</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD align=left width="1%" bgColor=#f2f2f2>
      <P style="MARGIN-LEFT: 0.1in"></P></TD>
    <TD align=right width="8%" bgColor=#f2f2f2><FONT size=2>26,191</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="8%" bgColor=#f2f2f2><FONT size=2>35,152</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="8%" bgColor=#f2f2f2><FONT size=2>1,305,900</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="8%" bgColor=#f2f2f2><FONT size=2>1,752,750</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=left width="8%" bgColor=#f2f2f2><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%" bgColor=#f2f2f2></TD>
    <TD align=left width="8%" bgColor=#f2f2f2><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%" bgColor=#f2f2f2></TD>
    <TD align=left width="8%" bgColor=#f2f2f2><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%" bgColor=#f2f2f2></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=left width="8%" bgColor=#f2f2f2><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 1px" align=left width="28%">
      <P style="MARGIN-LEFT: 0.1in"><FONT size=2>Fixed Rate Notes</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD align=left width="1%">
      <P style="MARGIN-LEFT: 0.1in"></P></TD>
    <TD align=right width="8%"><FONT size=2>62,857</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="8%"><FONT size=2>51,261</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="8%"><FONT size=2>2,960,040</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="8%"><FONT size=2>2,220,150</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="8%"><FONT size=2>690,896</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="8%"><FONT size=2>18,962</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="8%"><FONT size=2>2,155,612</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="8%"><FONT size=2>3,855,522</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 1px" align=left width="28%" bgColor=#f2f2f2>
      <P style="MARGIN-LEFT: 0.1in"><FONT size=2>Import Financing</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD align=left width="1%" bgColor=#f2f2f2>
      <P style="MARGIN-LEFT: 0.1in"></P></TD>
    <TD align=right width="8%" bgColor=#f2f2f2><FONT size=2>80,148</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="8%" bgColor=#f2f2f2><FONT size=2>121,733</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="8%" bgColor=#f2f2f2><FONT size=2>122,161</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="8%" bgColor=#f2f2f2><FONT size=2>212,474</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="8%" bgColor=#f2f2f2><FONT size=2>58,284</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="8%" bgColor=#f2f2f2><FONT size=2>80,640</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="8%" bgColor=#f2f2f2><FONT size=2>58,292</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="8%" bgColor=#f2f2f2><FONT size=2>98,467</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 1px" align=left width="28%">
      <P style="MARGIN-LEFT: 0.1in"><FONT size=2>BNDES/Finame</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD align=left width="1%">
      <P style="MARGIN-LEFT: 0.1in"></P></TD>
    <TD align=right width="8%"><FONT size=2>19,796</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="8%"><FONT size=2>8,639</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="8%"><FONT size=2>75,241</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="8%"><FONT size=2>106,641</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="8%"><FONT size=2>17,479</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="8%"><FONT size=2>8,290</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="8%"><FONT size=2>67,615</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="8%"><FONT size=2>100,286</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 1px" align=left width="28%" bgColor=#f2f2f2>
      <P style="MARGIN-LEFT: 0.1in"><FONT size=2>Other noncurrent
      liabilities</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD align=left width="1%" bgColor=#f2f2f2>
      <P style="MARGIN-LEFT: 0.1in"></P></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%" bgColor=#f2f2f2><FONT size=2>27,826</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%" bgColor=#f2f2f2></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%" bgColor=#f2f2f2><FONT size=2>247,203</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%" bgColor=#f2f2f2></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%" bgColor=#f2f2f2><FONT size=2>126,870</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%" bgColor=#f2f2f2></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%" bgColor=#f2f2f2><FONT size=2>133,421</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%" bgColor=#f2f2f2></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%" bgColor=#f2f2f2><FONT size=2>28,204</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%" bgColor=#f2f2f2></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%" bgColor=#f2f2f2><FONT size=2>11,692</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%" bgColor=#f2f2f2></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%" bgColor=#f2f2f2><FONT size=2>74,887</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%" bgColor=#f2f2f2></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" align=right width="8%" bgColor=#f2f2f2><FONT size=2>13,671</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="28%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%"><B><FONT size=2>760,092</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%"><B><FONT size=2>2,929,628</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%"><B><FONT size=2>7,462,910</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%"><B><FONT size=2>6,630,528</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%"><B><FONT size=2>1,619,142</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%"><B><FONT size=2>2,617,701</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%"><B><FONT size=2>6,826,843</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" align=right width="8%"><B><FONT size=2>8,711,684</FONT></B><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="28%"><B><FONT size=2>LOCAL CURRENCY</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="8%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="8%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="8%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="8%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="8%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="8%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="8%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=left width="8%"><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="28%" bgColor=#f2f2f2><B><FONT size=2>Long-term loans</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%" bgColor=#f2f2f2></TD>
    <TD align=left width="8%" bgColor=#f2f2f2><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%" bgColor=#f2f2f2></TD>
    <TD align=left width="8%" bgColor=#f2f2f2><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%" bgColor=#f2f2f2></TD>
    <TD align=left width="8%" bgColor=#f2f2f2><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%" bgColor=#f2f2f2></TD>
    <TD align=left width="8%" bgColor=#f2f2f2><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%" bgColor=#f2f2f2></TD>
    <TD align=left width="8%" bgColor=#f2f2f2><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%" bgColor=#f2f2f2></TD>
    <TD align=left width="8%" bgColor=#f2f2f2><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%" bgColor=#f2f2f2></TD>
    <TD align=left width="8%" bgColor=#f2f2f2><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%" bgColor=#f2f2f2></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=left width="8%" bgColor=#f2f2f2><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 1px" align=left width="28%">
      <P style="MARGIN-LEFT: 0.1in"><FONT size=2>BNDES/Finame</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD align=left width="1%">
      <P style="MARGIN-LEFT: 0.1in"></P></TD>
    <TD align=right width="8%"><FONT size=2>280,802</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="8%"><FONT size=2>248,361</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="8%"><FONT size=2>1,634,920</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="8%"><FONT size=2>1,223,306</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="8%"><FONT size=2>181,348</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="8%"><FONT size=2>187,492</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="8%"><FONT size=2>953,492</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="8%"><FONT size=2>695,900</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 1px" align=left width="28%" bgColor=#f2f2f2>
      <P style="MARGIN-LEFT: 0.1in"><FONT size=2>Debentures</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD align=left width="1%" bgColor=#f2f2f2>
      <P style="MARGIN-LEFT: 0.1in"></P></TD>
    <TD align=right width="8%" bgColor=#f2f2f2><FONT size=2>30,659</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="8%" bgColor=#f2f2f2><FONT size=2>44,429</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="8%" bgColor=#f2f2f2><FONT size=2>624,570</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="8%" bgColor=#f2f2f2><FONT size=2>632,760</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="8%" bgColor=#f2f2f2><FONT size=2>21,592</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="8%" bgColor=#f2f2f2><FONT size=2>33,947</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="8%" bgColor=#f2f2f2><FONT size=2>600,000</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="8%" bgColor=#f2f2f2><FONT size=2>600,000</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 1px" align=left width="28%">
      <P style="MARGIN-LEFT: 0.1in"><FONT size=2>Pre-payment</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD align=left width="1%">
      <P style="MARGIN-LEFT: 0.1in"></P></TD>
    <TD align=right width="8%"><FONT size=2>31,217</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="8%"><FONT size=2>2,224</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="8%"><FONT size=2>1,400,000</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="8%"><FONT size=2>100,000</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="8%"><FONT size=2>31,217</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="8%"><FONT size=2>2,224</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="8%"><FONT size=2>1,400,000</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="8%"><FONT size=2>100,000</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 1px" align=left width="28%" bgColor=#f2f2f2>
      <P style="MARGIN-LEFT: 0.1in"><FONT size=2>CCB</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD align=left width="1%" bgColor=#f2f2f2>
      <P style="MARGIN-LEFT: 0.1in"></P></TD>
    <TD align=right width="8%" bgColor=#f2f2f2><FONT size=2>19,782</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=left width="8%" bgColor=#f2f2f2><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="8%" bgColor=#f2f2f2><FONT size=2>2,000,000</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=left width="8%" bgColor=#f2f2f2><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="8%" bgColor=#f2f2f2><FONT size=2>19,782</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="8%" bgColor=#f2f2f2><FONT size=2>104,693</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="8%" bgColor=#f2f2f2><FONT size=2>2,000,000</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=left width="8%" bgColor=#f2f2f2><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 1px" align=left width="28%">
      <P style="MARGIN-LEFT: 0.1in"><FONT size=2>Other noncurrent
      liabilities</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD align=left width="1%">
      <P style="MARGIN-LEFT: 0.1in"></P></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%"><FONT size=2>18,488</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%"><FONT size=2>41,152</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%"><FONT size=2>93,442</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%"><FONT size=2>94,504</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%"><FONT size=2>1,568</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%"><FONT size=2>6,961</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%"><FONT size=2>7,833</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" align=right width="8%"><FONT size=2>4,200</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="28%" bgColor=#f2f2f2><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%" bgColor=#f2f2f2></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%" bgColor=#f2f2f2><B><FONT size=2>380,948</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%" bgColor=#f2f2f2></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%" bgColor=#f2f2f2><B><FONT size=2>336,166</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%" bgColor=#f2f2f2></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%" bgColor=#f2f2f2><B><FONT size=2>5,752,932</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%" bgColor=#f2f2f2></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%" bgColor=#f2f2f2><B><FONT size=2>2,050,570</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%" bgColor=#f2f2f2></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%" bgColor=#f2f2f2><B><FONT size=2>255,507</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%" bgColor=#f2f2f2></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%" bgColor=#f2f2f2><B><FONT size=2>335,317</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%" bgColor=#f2f2f2></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%" bgColor=#f2f2f2><B><FONT size=2>4,961,325</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%" bgColor=#f2f2f2></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" align=right width="8%" bgColor=#f2f2f2><B><FONT size=2>1,400,100</FONT></B><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="28%"><B><FONT size=2>Total loans and financing</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%"><B><FONT size=2>1,141,040</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%"><B><FONT size=2>3,265,794</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%"><B><FONT size=2>13,215,842</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%"><B><FONT size=2>8,681,098</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%"><B><FONT size=2>1,874,649</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%"><B><FONT size=2>2,953,018</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%"><B><FONT size=2>11,788,168</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" align=right width="8%"><B><FONT size=2>10,111,784</FONT></B><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="28%" bgColor=#f2f2f2><FONT size=2>Derivatives</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="8%" bgColor=#f2f2f2><FONT size=2>77,147</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="8%" bgColor=#f2f2f2><FONT size=2>(304,607)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="8%" bgColor=#f2f2f2><FONT size=2>18,730</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="8%" bgColor=#f2f2f2><FONT size=2>(7,565)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="8%" bgColor=#f2f2f2><FONT size=2>(150,025)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="8%" bgColor=#f2f2f2><FONT size=2>(235,230)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=left width="8%" bgColor=#f2f2f2><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%" bgColor=#f2f2f2></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=left width="8%" bgColor=#f2f2f2><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="28%"><FONT size=2>Transacion costs</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%"><FONT size=2>(27,121)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="8%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%"><FONT size=2>(62,162)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="8%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%"><FONT size=2>(23,568)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="8%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%"><FONT size=2>(56,060)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" align=left width="8%"><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="28%" bgColor=#f2f2f2><B><FONT size=2>Total loans, financing,
      </FONT></B><B><FONT size=2>derivatives and transaction </FONT></B><B><FONT size=2>costs</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%" bgColor=#f2f2f2></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="8%" bgColor=#f2f2f2><B><FONT size=2>1,191,066</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="1%" bgColor=#f2f2f2></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="8%" bgColor=#f2f2f2><B><FONT size=2>2,961,187</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="1%" bgColor=#f2f2f2></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="8%" bgColor=#f2f2f2><B><FONT size=2>13,172,410</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="1%" bgColor=#f2f2f2></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="8%" bgColor=#f2f2f2><B><FONT size=2>8,673,533</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="1%" bgColor=#f2f2f2></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="8%" bgColor=#f2f2f2><B><FONT size=2>1,701,056</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="1%" bgColor=#f2f2f2></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="8%" bgColor=#f2f2f2><B><FONT size=2>2,717,788</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="1%" bgColor=#f2f2f2></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="8%" bgColor=#f2f2f2><B><FONT size=2>11,732,108</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="1%" bgColor=#f2f2f2></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 3px double" align=right width="8%" bgColor=#f2f2f2><B><FONT size=2>10,111,784</FONT></B><FONT size=2>&nbsp;</FONT></TD></TR></TABLE>
<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 style="HEIGHT: 11pt">
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Note: The amounts for
      2008 in the table above were adjusted to reflect the effects of CPC 02R of
      2009. </FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter167"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-weight: normal" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-weight: normal" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-weight: normal" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-weight: normal" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">167</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_168></A>
<a name="_bclPageBorder168"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<P style="MARGIN: 0in 0in 0pt">&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>

  <TR style="HEIGHT: 11pt">
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid">
      <P style="MARGIN: 6pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Funding transactions costs as of December 31,
      2009 are presented below:</FONT>&nbsp;</P></TD></TR></TABLE>
<TABLE style="FONT-SIZE: 9pt; WIDTH: 100%; FONT-FAMILY: ''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''Times New Roman''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''" cellSpacing=0 border=0>

  <TR>
    <TD style="BORDER-LEFT: #000000 1px solid" width="32%">&nbsp;</TD>
    <TD width="1%"></TD>
    <TD width="16%"></TD>
    <TD width="1%"></TD>
    <TD width="16%"></TD>
    <TD width="1%"></TD>
    <TD width="16%"></TD>
    <TD width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" width="16%">&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="32%">&nbsp;</TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="16%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="16%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"><FONT size=2>&nbsp; </FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="16%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" align=right width="16%"><B><FONT size=2>Consolidated</FONT></B><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="32%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=center align=middle width="16%"><B><FONT size=2>Short-term</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=center align=middle width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=center align=middle width="16%"><B><FONT size=2>Long-term</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=center align=middle width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=center align=middle width="16%"><B><FONT size=2>TJ </FONT></B><B><SUP><FONT size=2>(1)</FONT></SUP></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=center align=middle width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" vAlign=center align=middle width="16%"><B><FONT size=2>TE
      </FONT></B><B><SUP><FONT size=2>(2)</FONT></SUP></B><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="32%" bgColor=#f2f2f2><FONT size=2>Fixed rate notes</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="16%" bgColor=#f2f2f2><FONT size=2>3,700</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="16%" bgColor=#f2f2f2><FONT size=2>4,661</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="16%" bgColor=#f2f2f2><FONT size=2>6.88% up to
      10%</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="16%" bgColor=#f2f2f2><FONT size=2>10.01% up to 10.7%</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="32%"><FONT size=2>BNDES</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=right width="16%"><FONT size=2>2,236</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="16%"><FONT size=2>11,022</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="16%"><FONT size=2>1.3% up to 3.2% +
      TJLP</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="16%"><FONT size=2>1.44% up to 9.75%</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="32%" bgColor=#f2f2f2><FONT size=2>Pre-payment</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="16%" bgColor=#f2f2f2><FONT size=2>6,015</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="16%" bgColor=#f2f2f2><FONT size=2>22,469</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="16%" bgColor=#f2f2f2><FONT size=2>6.25% up to
      8.62%</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="16%" bgColor=#f2f2f2><FONT size=2>6.75% up to 10.08%</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="32%"><FONT size=2>CCB</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=right width="16%"><FONT size=2>13,843</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="16%"><FONT size=2>23,072</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="16%"><FONT size=2>117.5% CDI</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="16%"><FONT size=2>11.33%</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="32%" bgColor=#f2f2f2><FONT size=2>Other</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%" bgColor=#f2f2f2></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="16%" bgColor=#f2f2f2><FONT size=2>1,327</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%" bgColor=#f2f2f2></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="16%" bgColor=#f2f2f2><FONT size=2>938</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="16%" bgColor=#f2f2f2><FONT size=2>103.6%
      CDI</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="16%" bgColor=#f2f2f2><FONT size=2>12.59%</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="32%"><B><FONT size=2>Total</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="16%"><B><FONT size=2>27,121</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="16%"><B><FONT size=2>62,162</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=left width="16%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=left width="16%"><FONT size=2>&nbsp;</FONT></TD></TR></TABLE>
<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 style="HEIGHT: 11pt">
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"><P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center>&nbsp;</P></TD></TR></TABLE>
<TABLE style="FONT-SIZE: 9pt; WIDTH: 100%; FONT-FAMILY: ''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''Times New Roman''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''" cellSpacing=0 border=0>

  <TR>
    <TD style="BORDER-LEFT: #000000 1px solid" width="32%">&nbsp;</TD>
    <TD width="1%"></TD>
    <TD width="16%"></TD>
    <TD width="1%"></TD>
    <TD width="16%"></TD>
    <TD width="1%"></TD>
    <TD width="16%"></TD>
    <TD width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" width="16%">&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="32%">&nbsp;</TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" align=right width="67%" colSpan=7><B><FONT size=2>Parent
      Company</FONT></B><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="32%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=center align=middle width="16%"><B><FONT size=2>Short-term</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=center align=middle width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=center align=middle width="16%"><B><FONT size=2>Long-term</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=center align=middle width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=center align=middle width="16%"><B><FONT size=2>TJ </FONT></B><B><SUP><FONT size=2>(1)</FONT></SUP></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=center align=middle width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" vAlign=center align=middle width="16%"><B><FONT size=2>TE
      </FONT></B><B><SUP><FONT size=2>(2)</FONT></SUP></B><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="32%" bgColor=#f2f2f2><FONT size=2>Fixed rate notes</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="16%" bgColor=#f2f2f2><FONT size=2>701</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="16%" bgColor=#f2f2f2><FONT size=2>2,104</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="16%" bgColor=#f2f2f2><FONT size=2>1.5% up to
      10%</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="16%" bgColor=#f2f2f2><FONT size=2>10.01% up to 10.7%</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="32%"><FONT size=2>BNDES</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=right width="16%"><FONT size=2>1,856</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="16%"><FONT size=2>8,246</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="16%"><FONT size=2>1.3% up to 3.2% +
      TJLP</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="16%"><FONT size=2>1.44% up to 9.75%</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="32%" bgColor=#f2f2f2><FONT size=2>Pre-payment</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="16%" bgColor=#f2f2f2><FONT size=2>5,840</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="16%" bgColor=#f2f2f2><FONT size=2>21,700</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="16%" bgColor=#f2f2f2><FONT size=2>6.25% up to
      8.62%</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="16%" bgColor=#f2f2f2><FONT size=2>6.75% up to 10.08%</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="32%"><FONT size=2>CCB</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=right width="16%"><FONT size=2>13,843</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="16%"><FONT size=2>23,072</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="16%"><FONT size=2>117.5% CDI</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="16%"><FONT size=2>11.33%</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="32%" bgColor=#f2f2f2><FONT size=2>Other</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%" bgColor=#f2f2f2></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="16%" bgColor=#f2f2f2><FONT size=2>1,328</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%" bgColor=#f2f2f2></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="16%" bgColor=#f2f2f2><FONT size=2>938</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="16%" bgColor=#f2f2f2><FONT size=2>103.6%
      CDI</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="16%" bgColor=#f2f2f2><FONT size=2>12.59%</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="32%"><B><FONT size=2>Total</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="16%"><B><FONT size=2>23,568</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="16%"><B><FONT size=2>56,060</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=left width="16%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=left width="16%"><FONT size=2>&nbsp;</FONT></TD></TR></TABLE>
<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 style="HEIGHT: 11pt">
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"><P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: -0.55pt; TEXT-ALIGN: justify"><SUP><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(1)</FONT><FONT 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></SUP><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">IR
      &#150; Contracted annual interest rate</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: -0.55pt; TEXT-ALIGN: justify"><SUP><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(2)</FONT><FONT 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></SUP><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">TE
      &#150; effective transaction rate</FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">As of December 31,
      2009, funding transaction costs to be recorded in the result for
      subsequent periods were as follows:</FONT>&nbsp;</P></TD></TR></TABLE>
<TABLE style="FONT-SIZE: 9pt; WIDTH: 100%; FONT-FAMILY: '''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''Times New Roman'''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''" cellSpacing=0 border=0>

  <TR>
    <TD style="BORDER-LEFT: #000000 1px solid" width="28%">&nbsp;</TD>
    <TD width="1%"></TD>
    <TD width="11%"></TD>
    <TD width="1%"></TD>
    <TD width="11%"></TD>
    <TD width="1%"></TD>
    <TD width="11%"></TD>
    <TD width="1%"></TD>
    <TD width="11%"></TD>
    <TD width="1%"></TD>
    <TD width="11%"></TD>
    <TD width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" width="11%">&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="28%">&nbsp;</TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" align=right width="71%" colSpan=11><B><FONT size=2>Consolidated</FONT></B><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="28%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=middle width="11%"><B><FONT size=2>2011</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=middle width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=middle width="11%"><B><FONT size=2>2012</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=middle width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=middle width="11%"><B><FONT size=2>2013</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=middle width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=middle width="11%"><B><FONT size=2>2014</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=middle width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=middle width="11%"><B><FONT size=2>2015</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=middle width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" align=middle width="11%"><B><FONT size=2>After 2015</FONT></B><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="28%" bgColor=#f2f2f2><FONT size=2>Fixed rate notes</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="11%" bgColor=#f2f2f2><FONT size=2>1,088</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="11%" bgColor=#f2f2f2><FONT size=2>1,088</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="11%" bgColor=#f2f2f2><FONT size=2>1,088</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="11%" bgColor=#f2f2f2><FONT size=2>387</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="11%" bgColor=#f2f2f2><FONT size=2>224</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="11%" bgColor=#f2f2f2><FONT size=2>786</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="28%"><FONT size=2>BNDES</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=right width="11%"><FONT size=2>1,980</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="11%"><FONT size=2>4,341</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="11%"><FONT size=2>1,980</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="11%"><FONT size=2>618</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="11%"><FONT size=2>300</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="11%"><FONT size=2>1,802</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="28%" bgColor=#f2f2f2><FONT size=2>Pre-payment</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="11%" bgColor=#f2f2f2><FONT size=2>6,015</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="11%" bgColor=#f2f2f2><FONT size=2>6,015</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="11%" bgColor=#f2f2f2><FONT size=2>6,015</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="11%" bgColor=#f2f2f2><FONT size=2>4,353</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="11%" bgColor=#f2f2f2><FONT size=2>73</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=left width="11%" bgColor=#f2f2f2><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="28%"><FONT size=2>CCB</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=right width="11%"><FONT size=2>13,843</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="11%"><FONT size=2>9,229</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=left width="11%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="11%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="11%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=left width="11%"><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="28%" bgColor=#f2f2f2><FONT size=2>Other</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%" bgColor=#f2f2f2></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="11%" bgColor=#f2f2f2><FONT size=2>753</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%" bgColor=#f2f2f2></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="11%" bgColor=#f2f2f2><FONT size=2>185</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%" bgColor=#f2f2f2></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="11%" bgColor=#f2f2f2><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%" bgColor=#f2f2f2></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="11%" bgColor=#f2f2f2><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%" bgColor=#f2f2f2></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="11%" bgColor=#f2f2f2><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%" bgColor=#f2f2f2></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" align=left width="11%" bgColor=#f2f2f2><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="28%"><B><FONT size=2>Total</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="11%"><B><FONT size=2>23,679</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="11%"><B><FONT size=2>20,858</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="11%"><B><FONT size=2>9,083</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="11%"><B><FONT size=2>5,358</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="11%"><B><FONT size=2>597</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 3px double" align=right width="11%"><B><FONT size=2>2,588</FONT></B><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid" width="100%" colSpan=13><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="28%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" align=right width="71%" colSpan=11><B><FONT size=2>Parent
      Company</FONT></B><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="28%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=middle width="11%"><B><FONT size=2>2011</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=middle width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=middle width="11%"><B><FONT size=2>2012</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=middle width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=middle width="11%"><B><FONT size=2>2013</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=middle width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=middle width="11%"><B><FONT size=2>2014</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=middle width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=middle width="11%"><B><FONT size=2>2015</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" align=middle width="11%"><B><FONT size=2>After 2015</FONT></B><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="28%" bgColor=#f2f2f2><FONT size=2>Fixed rate notes</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="11%" bgColor=#f2f2f2><FONT size=2>701</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="11%" bgColor=#f2f2f2><FONT size=2>701</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="11%" bgColor=#f2f2f2><FONT size=2>701</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=left width="11%" bgColor=#f2f2f2><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%" bgColor=#f2f2f2></TD>
    <TD align=left width="11%" bgColor=#f2f2f2><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%" bgColor=#f2f2f2></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=left width="11%" bgColor=#f2f2f2><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="28%"><FONT size=2>BNDES</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=right width="11%"><FONT size=2>1,856</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="11%"><FONT size=2>1,856</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="11%"><FONT size=2>1,856</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="11%"><FONT size=2>577</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="11%"><FONT size=2>300</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="11%"><FONT size=2>1,802</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="28%" bgColor=#f2f2f2><FONT size=2>Pre-payment</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="11%" bgColor=#f2f2f2><FONT size=2>5,840</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="11%" bgColor=#f2f2f2><FONT size=2>5,840</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="11%" bgColor=#f2f2f2><FONT size=2>5,840</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="11%" bgColor=#f2f2f2><FONT size=2>4,178</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=left width="11%" bgColor=#f2f2f2><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%" bgColor=#f2f2f2></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=left width="11%" bgColor=#f2f2f2><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="28%"><FONT size=2>CCB</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=right width="11%"><FONT size=2>13,843</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="11%"><FONT size=2>9,229</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=left width="11%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="11%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="11%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=left width="11%"><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="28%" bgColor=#f2f2f2><FONT size=2>Other</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%" bgColor=#f2f2f2></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="11%" bgColor=#f2f2f2><FONT size=2>753</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%" bgColor=#f2f2f2></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="11%" bgColor=#f2f2f2><FONT size=2>185</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%" bgColor=#f2f2f2></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="11%" bgColor=#f2f2f2><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%" bgColor=#f2f2f2></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="11%" bgColor=#f2f2f2><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%" bgColor=#f2f2f2></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="11%" bgColor=#f2f2f2><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%" bgColor=#f2f2f2></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" align=left width="11%" bgColor=#f2f2f2><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="28%"><B><FONT size=2>Total</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="11%"><B><FONT size=2>22,993</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="11%"><B><FONT size=2>17,811</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="11%"><B><FONT size=2>8,397</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="11%"><B><FONT size=2>4,755</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="11%"><B><FONT size=2>300</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 3px double" align=right width="11%"><B><FONT size=2>1,802</FONT></B><FONT size=2>&nbsp;</FONT></TD></TR></TABLE>
<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 style="HEIGHT: 11pt">
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"><P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">As of December 31,
      2009, the principal of long-term loans, financing and debentures presented
      the following composition, by year of maturity:</FONT></P>
      <P style="MARGIN: 6pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Amounts in R$
    thousand&nbsp;</FONT>&nbsp;</P></TD></TR></TABLE>
<TABLE style="FONT-SIZE: 9pt; WIDTH: 100%; FONT-FAMILY: ''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''Times New Roman''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''" cellSpacing=0 border=0>

  <TR>
    <TD style="BORDER-LEFT: #000000 1px solid" width="16%">&nbsp;</TD>
    <TD width="13%"></TD>
    <TD width="1%"></TD>
    <TD width="13%"></TD>
    <TD width="1%"></TD>
    <TD width="13%"></TD>
    <TD width="1%"></TD>
    <TD width="13%"></TD>
    <TD width="1%"></TD>
    <TD width="13%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" width="15%">&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=left width="16%">&nbsp;</TD>
    <TD align=left width="13%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="27%" colSpan=3><B><FONT size=2>Consolidated</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="27%" colSpan=3><B><FONT size=2>Parent Company</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="15%">&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=left width="16%" bgColor=#f2f2f2>&nbsp;</TD>
    <TD align=left width="13%" bgColor=#f2f2f2><FONT size=2>2011</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="13%" bgColor=#f2f2f2><FONT size=2>2,123,107</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="13%" bgColor=#f2f2f2><FONT size=2>16.0%</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="13%" bgColor=#f2f2f2><FONT size=2>2,099,057</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="13%" bgColor=#f2f2f2><FONT size=2>17.8%</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=right width="15%" bgColor=#f2f2f2>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=left width="16%">&nbsp;</TD>
    <TD align=left width="13%"><FONT size=2>2012</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=right width="13%"><FONT size=2>3,760,038</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="13%"><FONT size=2>28.4%</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="13%"><FONT size=2>3,736,737</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="13%"><FONT size=2>31.7%</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=right width="15%">&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=left width="16%" bgColor=#f2f2f2>&nbsp;</TD>
    <TD align=left width="13%" bgColor=#f2f2f2><FONT size=2>2013</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="13%" bgColor=#f2f2f2><FONT size=2>2,234,338</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="13%" bgColor=#f2f2f2><FONT size=2>16.9%</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="13%" bgColor=#f2f2f2><FONT size=2>2,457,450</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="13%" bgColor=#f2f2f2><FONT size=2>20.8%</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=right width="15%" bgColor=#f2f2f2>&nbsp;&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=left width="16%">&nbsp;</TD>
    <TD align=left width="13%"><FONT size=2>2014</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=right width="13%"><FONT size=2>1,080,312</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="13%"><FONT size=2>8.2%</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="13%"><FONT size=2>1,256,349</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="13%"><FONT size=2>10.7%</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=right width="15%">&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=left width="16%" bgColor=#f2f2f2>&nbsp;</TD>
    <TD align=left width="13%" bgColor=#f2f2f2><FONT size=2>2015</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="13%" bgColor=#f2f2f2><FONT size=2>835,367</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="13%" bgColor=#f2f2f2><FONT size=2>6.3%</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="13%" bgColor=#f2f2f2><FONT size=2>399,467</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="13%" bgColor=#f2f2f2><FONT size=2>3.4%</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=right width="15%" bgColor=#f2f2f2>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=left width="16%">&nbsp;</TD>
    <TD align=left width="13%"><FONT size=2>After 2015</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=right width="13%"><FONT size=2>1,895,510</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="13%"><FONT size=2>14.3%</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="13%"><FONT size=2>1,839,108</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="13%"><FONT size=2>15.6%</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=right width="15%">&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=left width="16%" bgColor=#f2f2f2>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="13%" bgColor=#f2f2f2><FONT size=2>Perpetual Bonds</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%" bgColor=#f2f2f2></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="13%" bgColor=#f2f2f2><FONT size=2>1,305,900</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%" bgColor=#f2f2f2></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="13%" bgColor=#f2f2f2><FONT size=2>9.9%</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%" bgColor=#f2f2f2></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="13%" bgColor=#f2f2f2><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%" bgColor=#f2f2f2></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="13%" bgColor=#f2f2f2><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=left width="15%" bgColor=#f2f2f2>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="16%">&nbsp;</TD>
    <TD align=left width="13%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="13%"><B><FONT size=2>13,234,572</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="13%"><B><FONT size=2>100.0%</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="13%"><B><FONT size=2>11,788,168</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="13%"><B><FONT size=2>100.0%</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="15%"><B><FONT size=1>&nbsp;</FONT></B></TD></TR></TABLE>
<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 style="HEIGHT: 11pt">
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid" width="99%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Loans, financing and
      debentures are subject to interest, the annual rates of which, as of
      December 31, 2009, were as follows:</FONT></P></TD></TR>
  <TR style="HEIGHT: 29.8pt">
    <TD style="BORDER-RIGHT: #000000 1px solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; BORDER-LEFT: #000000 1px solid; PADDING-TOP: 0in; HEIGHT: 29.8pt" vAlign=top width="99%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center>&nbsp;</P></TD></TR></TABLE>
<TABLE style="FONT-SIZE: 9pt; WIDTH: 100%; FONT-FAMILY: '''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''Times New Roman'''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''" cellSpacing=0 border=0>

  <TR>
    <TD style="BORDER-LEFT: #000000 1px solid" width="11%">&nbsp;</TD>
    <TD width="15%"></TD>
    <TD width="1%"></TD>
    <TD width="15%"></TD>
    <TD width="1%"></TD>
    <TD width="15%"></TD>
    <TD width="1%"></TD>
    <TD width="15%"></TD>
    <TD width="1%"></TD>
    <TD width="15%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" width="10%">&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="11%">&nbsp;</TD>
    <TD align=left width="15%"><FONT size=2>&nbsp; </FONT></TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="15%"><FONT size=2>&nbsp; </FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="15%"><B><FONT size=2>Consolidated</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="15%"><FONT size=2>&nbsp; </FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="15%"><B><FONT size=2>Parent Company</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=right width="10%">&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="11%">&nbsp;</TD>
    <TD align=left width="15%"><FONT size=2>&nbsp; </FONT></TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="15%"><FONT size=2>Local Currency</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="15%"><FONT size=2>Foreign Currency</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="15%"><FONT size=2>Local Currency</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="15%"><FONT size=2>Foreign Currency</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=right width="10%">&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=left width="11%" bgColor=#f2f2f2>&nbsp;</TD>
    <TD align=left width="15%" bgColor=#f2f2f2><FONT size=2>Up to
      7%</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="15%" bgColor=#f2f2f2><FONT size=2>167,064</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="15%" bgColor=#f2f2f2><FONT size=2>4,914,931</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=left width="15%" bgColor=#f2f2f2><FONT size=2>&nbsp; </FONT></TD>
    <TD align=left width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="15%" bgColor=#f2f2f2><FONT size=2>5,944,501</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=right width="10%" bgColor=#f2f2f2>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=left width="11%">&nbsp;</TD>
    <TD align=left width="15%"><FONT size=2>From 7.1 to 9%</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=right width="15%"><FONT size=2>957,227</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="15%"><FONT size=2>182,960</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="15%"><FONT size=2>579,491</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="15%"><FONT size=2>1,084,691</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=right width="10%">&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=left width="11%" bgColor=#f2f2f2>&nbsp;</TD>
    <TD align=left width="15%" bgColor=#f2f2f2><FONT size=2>From 9.1 to
      11%</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="15%" bgColor=#f2f2f2><FONT size=2>1,290,233</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="15%" bgColor=#f2f2f2><FONT size=2>3,076,387</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="15%" bgColor=#f2f2f2><FONT size=2>1,186,341</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="15%" bgColor=#f2f2f2><FONT size=2>1,416,794</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=right width="10%" bgColor=#f2f2f2>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=left width="11%">&nbsp;</TD>
    <TD align=left width="15%"><FONT size=2>Above 11%</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=right width="15%"><FONT size=2>249,812</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="15%"><FONT size=2>47,408</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=left width="15%"><FONT size=2>&nbsp; </FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="15%"><FONT size=2>&nbsp; </FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=left width="10%">&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=left width="11%" bgColor=#f2f2f2>&nbsp;</TD>
    <TD align=left width="15%" bgColor=#f2f2f2><FONT size=2>Derivatives</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%" bgColor=#f2f2f2></TD>
    <TD align=left width="15%" bgColor=#f2f2f2><FONT size=2>&nbsp; </FONT></TD>
    <TD align=left width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="15%" bgColor=#f2f2f2><FONT size=2>95,876</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=left width="15%" bgColor=#f2f2f2><FONT size=2>&nbsp; </FONT></TD>
    <TD align=left width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="15%" bgColor=#f2f2f2><FONT size=2>(150,025)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=right width="10%" bgColor=#f2f2f2>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=left width="11%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="15%"><FONT size=2>Variable</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="15%"><FONT size=2>3,469,544</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="15%"><FONT size=2>1,317</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="15%"><FONT size=2>3,450,999</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="15%"><FONT size=2>&nbsp; </FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=left width="10%">&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=left width="11%" bgColor=#f2f2f2>&nbsp;</TD>
    <TD align=left width="15%" bgColor=#f2f2f2><FONT size=2>&nbsp; </FONT></TD>
    <TD align=left width="1%" bgColor=#f2f2f2></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="15%" bgColor=#f2f2f2><B><FONT size=2>6,133,880</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%" bgColor=#f2f2f2></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="15%"><B><FONT size=2>8,318,879</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%" bgColor=#f2f2f2></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="15%" bgColor=#f2f2f2><B><FONT size=2>5,216,831</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%" bgColor=#f2f2f2></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="15%" bgColor=#f2f2f2><B><FONT size=2>8,295,961</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=right width="10%" bgColor=#f2f2f2>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=left width="11%">&nbsp;</TD>
    <TD align=left width="15%"><FONT size=2>&nbsp; </FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="15%"><FONT size=2>&nbsp; </FONT></TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="15%"><B><FONT size=2>14,452,759</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=left width="15%"><FONT size=2>&nbsp; </FONT></TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="15%"><B><FONT size=2>13,512,792</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=right width="10%"><B><FONT size=1>&nbsp;</FONT></B></TD></TR></TABLE>
<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 style="HEIGHT: 11pt">
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"><P style="MARGIN: 6pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Percentage composition of total loans,
      financing and debentures, by currency/index of origin, on 12/31/2009 and
      12/31/2008: </FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center>&nbsp;</P></TD></TR></TABLE>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-LEFT: #000000 1px solid" width="30%">&nbsp;</TD>
    <TD width="19%">&nbsp;</TD>
    <TD width="1%"></TD>
    <TD width="9%"></TD>
    <TD width="1%"></TD>
    <TD width="9%"></TD>
    <TD style="BACKGROUND-COLOR: #ffffff" width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" width="30%">&nbsp;</TD></TR>
  <TR>
    <TD style="BORDER-LEFT: #000000 1px solid" width="30%">&nbsp;</TD>
    <TD width="19%">&nbsp;</TD>
    <TD align=right width="1%"><B><FONT size=2></FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="19%" colSpan=3><B><FONT size=2>Consolidated</FONT></B></TD>
    <TD style="BACKGROUND-COLOR: #ffffff" align=right width="1%"><B><FONT size=2>&nbsp;</FONT></B></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=right width="30%"><B><FONT size=2>&nbsp;</FONT></B></TD></TR>
  <TR>
    <TD style="BORDER-LEFT: #000000 1px solid" width="30%">&nbsp;</TD>
    <TD width="19%">&nbsp;</TD>
    <TD align=right width="1%"><FONT size=2></FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right width="9%"><FONT size=2>2009</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right width="9%"><FONT size=2>2008</FONT></TD>
    <TD style="BACKGROUND-COLOR: #ffffff" align=right width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=right width="30%"><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR>
    <TD style="BORDER-LEFT: #000000 1px solid" width="30%"><FONT size=2><B>&nbsp;</B></FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" width="19%"><FONT size=2><B>Local
      currency</B></FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="9%">&nbsp;</TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="9%"></TD>
    <TD style="BACKGROUND-COLOR: #ffffff" align=right width="1%">&nbsp;</TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=right width="30%">&nbsp;</TD></TR>
  <TR>
    <TD style="BORDER-LEFT: #000000 1px solid" width="30%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2></FONT>&nbsp;</P></TD>
    <TD width="19%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>CDI</FONT></P></TD>
    <TD align=right width="1%"><FONT size=2></FONT></TD>
    <TD align=right width="9%"><FONT size=2>28.75</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="9%"><FONT size=2><FONT size=2>5.68</FONT></FONT></TD>
    <TD style="BACKGROUND-COLOR: #ffffff" align=right width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=right width="30%"><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR>
    <TD style="BORDER-LEFT: #000000 1px solid" width="30%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2></FONT>&nbsp;</P></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" width="19%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>IGP-M</FONT></P></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"><FONT size=2></FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="9%"><FONT size=2>0.23</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="9%"><FONT size=2><FONT size=2>0.37</FONT></FONT></TD>
    <TD style="BACKGROUND-COLOR: #ffffff" align=right width="1%"><FONT size=2>&nbsp;&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=right width="30%"><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR>
    <TD style="BORDER-LEFT: #000000 1px solid" width="30%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2></FONT>&nbsp;</P></TD>
    <TD width="19%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>TJLP</FONT></P></TD>
    <TD align=right width="1%"><FONT size=2></FONT></TD>
    <TD align=right width="9%"><FONT size=2>3.26</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="9%"><FONT size=2><FONT size=2>10.14</FONT></FONT></TD>
    <TD style="BACKGROUND-COLOR: #ffffff" align=right width="1%"><FONT size=2>&nbsp;&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=right width="30%"><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR>
    <TD style="BORDER-LEFT: #000000 1px solid" width="30%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2></FONT>&nbsp;</P></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" width="19%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>IGP-DI</FONT></P></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"><FONT size=2></FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="9%"><FONT size=2>0.07</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="9%"><FONT size=2><FONT size=2>0.08</FONT></FONT></TD>
    <TD style="BACKGROUND-COLOR: #ffffff" align=right width="1%"><FONT size=2>&nbsp; &nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=right width="30%"><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR>
    <TD style="BORDER-LEFT: #000000 1px solid" width="30%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2></FONT>&nbsp;</P></TD>
    <TD width="19%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Other currencies</FONT></P></TD>
    <TD align=right width="1%"><FONT size=2></FONT></TD>
    <TD align=right width="9%"><FONT size=2>0.13</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="9%"><FONT size=2><FONT size=2>20.06</FONT></FONT></TD>
    <TD style="BACKGROUND-COLOR: #ffffff" align=right width="1%"><FONT size=2>&nbsp;&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=right width="30%"><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR>
    <TD style="BORDER-LEFT: #000000 1px solid" width="30%">&nbsp;</TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" width="19%">&nbsp;</TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"><FONT size=2></FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="9%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="9%"><FONT size=2><FONT size=2>36.33</FONT></FONT></TD>
    <TD style="BACKGROUND-COLOR: #ffffff" align=right width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=right width="30%"><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR height=20>
    <TD style="BORDER-LEFT: #000000 1px solid" width="30%"><FONT size=2><B>&nbsp;</B></FONT></TD>
    <TD width="19%"><FONT size=2><B>Foreign currency</B></FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="9%"></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="9%"></TD>
    <TD style="BACKGROUND-COLOR: #ffffff" align=right width="1%">&nbsp;&nbsp;</TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=right width="30%">&nbsp;</TD></TR>
  <TR height=20>
    <TD style="BORDER-LEFT: #000000 1px solid" width="30%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2></FONT>&nbsp;</P></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" width="19%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>US Dollar</FONT></P></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"><FONT size=2></FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="9%"><FONT size=2>57.53</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="9%"><FONT size=2><FONT size=2>65.60</FONT></FONT></TD>
    <TD style="BACKGROUND-COLOR: #ffffff" align=right width="1%"><FONT size=2>&nbsp;&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=right width="30%"><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR height=20>
    <TD style="BORDER-LEFT: #000000 1px solid" width="30%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2></FONT>&nbsp;</P></TD>
    <TD width="19%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Yen</FONT></P></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="9%"></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="9%"></TD>
    <TD style="BACKGROUND-COLOR: #ffffff" align=right width="1%">&nbsp;&nbsp;</TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=right width="30%">&nbsp;</TD></TR>
  <TR height=20>
    <TD style="BORDER-LEFT: #000000 1px solid" width="30%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2></FONT>&nbsp;</P></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" width="19%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Euro</FONT></P></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"><FONT size=2></FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="9%"><FONT size=2>0.03</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="9%"><FONT size=2><FONT size=2>0.09</FONT></FONT></TD>
    <TD style="BACKGROUND-COLOR: #ffffff" align=right width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=right width="30%"><FONT size=2>&nbsp;&nbsp;</FONT></TD></TR>
  <TR height=20>
    <TD style="BORDER-LEFT: #000000 1px solid" width="30%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2></FONT>&nbsp;</P></TD>
    <TD width="19%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Other currencies</FONT></P></TD>
    <TD align=right width="1%"><FONT size=2></FONT></TD>
    <TD align=right width="9%"><FONT size=2></FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="9%"><FONT size=2><FONT size=2>(2.02)</FONT></FONT></TD>
    <TD style="BACKGROUND-COLOR: #ffffff" align=right width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=right width="30%"><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR height=20>
    <TD style="BORDER-LEFT: #000000 1px solid" width="30%">&nbsp;</TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" width="19%">&nbsp;</TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"><FONT size=2></FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="9%"><FONT size=2>57.56</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="9%"><FONT size=2><FONT size=2>63.67</FONT></FONT></TD>
    <TD style="BACKGROUND-COLOR: #ffffff" align=right width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=right width="30%"><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR height=20>
    <TD style="BORDER-LEFT: #000000 1px solid" width="30%">&nbsp;</TD>
    <TD width="19%">&nbsp;</TD>
    <TD align=right width="1%"><FONT size=2></FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="9%"><FONT size=2>100.00</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="9%"><FONT size=2>100.00</FONT></TD>
    <TD style="BACKGROUND-COLOR: #ffffff" align=right width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=right width="30%"><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR style="HEIGHT: 10px" height=20>
    <TD style="BORDER-LEFT: #000000 1px solid" width="30%">&nbsp;</TD>
    <TD width="19%">&nbsp;</TD>
    <TD align=right width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="9%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%">&nbsp;</TD>
    <TD align=right width="9%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"><FONT size=2>&nbsp;&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="30%"><FONT size=2>&nbsp;</FONT></TD></TR></TABLE>
<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 style="HEIGHT: 11pt">
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"><P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">In July 2005, the
      Company issued perpetual bonds totaling US$750 million through its
      subsidiary CSN Islands X Corp. These indefinite maturity bonds pay 9.5%
      p.a. and the Company has the right to settle the transaction at its face
      value after 5 years, on the maturity dates for the interest. </FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The guarantees
      provided for loans comprise fixed asset, sureties, bank guarantees and
      export securitization operations, as shown in the following table, and do
      not include guarantees provided to
  subsidiaries.</FONT>&nbsp;</P></TD></TR></TABLE>
<TABLE style="FONT-SIZE: 9pt; WIDTH: 100%; FONT-FAMILY: '''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''Times New Roman'''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''" cellSpacing=0 border=0>

  <TR>
    <TD style="BORDER-LEFT: #000000 1px solid" width="25%">&nbsp;</TD>
    <TD width="26%"></TD>
    <TD width="1%"></TD>
    <TD width="11%"></TD>
    <TD width="1%"></TD>
    <TD width="11%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" width="25%">&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=left width="25%">&nbsp;</TD>
    <TD align=left width="26%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=center align=middle width="11%"><B><FONT size=2>2009</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=center align=middle width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=center align=middle width="11%"><B><FONT size=2>2008</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" vAlign=center align=middle width="25%">&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=left width="25%" bgColor=#f2f2f2>&nbsp;</TD>
    <TD align=left width="26%" bgColor=#f2f2f2><FONT size=2>Property, Plant
      and intruments</FONT></TD>
    <TD align=left width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="11%" bgColor=#f2f2f2><FONT size=2>47,985</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="11%" bgColor=#f2f2f2><FONT size=2>47,985</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=right width="25%" bgColor=#f2f2f2>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=left width="25%">&nbsp;</TD>
    <TD align=left width="26%"><FONT face="Times New Roman" size=2>Personal
      guarantee</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=right width="11%"><FONT size=2>74,612</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="11%"><FONT size=2>95,254</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=right width="25%">&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=left width="25%" bgColor=#f2f2f2>&nbsp;</TD>
    <TD align=left width="26%" bgColor=#f2f2f2><FONT size=2>Imports</FONT></TD>
    <TD align=left width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="11%" bgColor=#f2f2f2><FONT size=2>41,964</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="11%" bgColor=#f2f2f2><FONT size=2>83,853</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=right width="25%" bgColor=#f2f2f2>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=left width="25%">&nbsp;</TD>
    <TD align=left width="26%"><FONT size=2>Securizations (exports)</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="11%"><FONT size=2>206,125</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="11%"><FONT size=2>117,369</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=right width="25%">&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=left width="25%" bgColor=#f2f2f2>&nbsp;</TD>
    <TD align=left width="26%" bgColor=#f2f2f2></TD>
    <TD align=left width="1%" bgColor=#f2f2f2></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="11%" bgColor=#f2f2f2><FONT size=2>370,686</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="1%" bgColor=#f2f2f2></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="11%" bgColor=#f2f2f2><FONT size=2>344,461</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=right width="25%" bgColor=#f2f2f2><FONT size=1>&nbsp;</FONT></TD></TR></TABLE>
<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 style="HEIGHT: 11pt">
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"><P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The table below presents amortization and
      funding in fiscal year 2009:</FONT>&nbsp;</P></TD></TR></TABLE>
<TABLE style="FONT-SIZE: 9pt; WIDTH: 100%; FONT-FAMILY: '''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''Times New Roman'''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''" cellSpacing=0 border=0>

  <TR>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" width="35%">&nbsp;</TD>
    <TD width="14%"></TD>
    <TD width="2%"></TD>
    <TD align=right width="14%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" width="35%">&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=left width="35%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="14%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="TEXT-INDENT: 7px; BORDER-BOTTOM: #000000 1px solid" align=right width="14%"><B><FONT size=2>2009</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=left width="35%">&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=left width="35%" bgColor=#f2f2f2>&nbsp;</TD>
    <TD align=left width="14%" bgColor=#f2f2f2><FONT size=2>Opening
      balance</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="2%" bgColor=#f2f2f2></TD>
    <TD align=right width="14%" bgColor=#f2f2f2><FONT size=2>14,549,180</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=left width="35%" bgColor=#f2f2f2>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=left width="35%">&nbsp;</TD>
    <TD align=left width="14%"><FONT size=2>Funding</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="2%"></TD>
    <TD align=right width="14%"><FONT size=2>7,671,696</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=right width="35%">&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=left width="35%" bgColor=#f2f2f2>&nbsp;</TD>
    <TD align=left width="14%" bgColor=#f2f2f2><FONT size=2>Amortization</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="2%" bgColor=#f2f2f2></TD>
    <TD align=right width="14%" bgColor=#f2f2f2><FONT size=2>(3,700,866)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=left width="35%" bgColor=#f2f2f2>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=left width="35%">&nbsp;</TD>
    <TD align=left width="14%"><FONT size=2>Other (*)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="2%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="14%"><FONT size=2>(4,067,251)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=left width="35%">&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=left width="35%" bgColor=#f2f2f2>&nbsp;</TD>
    <TD align=left width="14%" bgColor=#f2f2f2><FONT size=2>Closing
      balance</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="2%" bgColor=#f2f2f2></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="14%" bgColor=#f2f2f2><B><FONT size=2>14,452,759</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=left width="35%" bgColor=#f2f2f2><B><FONT size=1>&nbsp;</FONT></B></TD></TR></TABLE>
<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 style="HEIGHT: 11pt">
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><SUP><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(*)</FONT></SUP><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Includes exchange and
      monetary variations. </FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Note: The final
      balance excludes transaction costs. </FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter168"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-weight: normal" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-weight: normal" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-weight: normal" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-weight: normal" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">168</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_169></A>
<a name="_bclPageBorder169"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader169"></a><DIV>&nbsp;</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 style="HEIGHT: 11pt">
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><B><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Relevant loan and
      financing agreements as of December 31, 2008</FONT></U></B><SUP><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(1)</FONT></B></SUP></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Amounts in R$
      thousand</FONT></B>&nbsp;</P></TD></TR></TABLE>
<TABLE style="FONT-SIZE: 9pt; WIDTH: 100%; FONT-FAMILY: '''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''Times New Roman'''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''" cellSpacing=0 border=0>

  <TR>
    <TD style="BORDER-LEFT: #000000 1px solid" width="28%">&nbsp;</TD>
    <TD width="1%"></TD>
    <TD width="8%"></TD>
    <TD width="1%"></TD>
    <TD width="8%"></TD>
    <TD width="1%"></TD>
    <TD width="8%"></TD>
    <TD width="1%"></TD>
    <TD width="8%"></TD>
    <TD width="1%"></TD>
    <TD width="8%"></TD>
    <TD width="1%"></TD>
    <TD width="8%"></TD>
    <TD width="1%"></TD>
    <TD width="8%"></TD>
    <TD width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" width="8%">&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="28%"><FONT size=2>&nbsp; &nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="35%" colSpan=7><B><FONT size=2>Consolidated</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" align=right width="35%" colSpan=7><B><FONT size=2>Parent
      Company</FONT></B><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="28%"><FONT size=2>&nbsp; </FONT></TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="17%" colSpan=3><FONT size=2>Current liabilities</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="17%" colSpan=3><FONT size=2>Noncurrent Liabilities</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="8%"><FONT size=2>&nbsp; </FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%"><FONT size=2>Current liabilities</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" align=right width="17%" colSpan=3><FONT size=2>Noncurrent
      Liabilities</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="28%"><FONT size=2>&nbsp; </FONT></TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%"><FONT size=2>2008</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%"><FONT size=2>2007</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%"><FONT size=2>2008</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%"><FONT size=2>2007</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%"><FONT size=2>2008</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%"><FONT size=2>2007</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%"><FONT size=2>2008</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" align=right width="8%"><FONT size=2>2007</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="28%" bgColor=#eaeaea><B><FONT size=2>FOREIGN CURRENCY</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%" bgColor=#eaeaea></TD>
    <TD align=left width="8%" bgColor=#eaeaea><FONT size=2>&nbsp; </FONT></TD>
    <TD align=left width="1%" bgColor=#eaeaea></TD>
    <TD align=left width="8%" bgColor=#eaeaea><FONT size=2>&nbsp; </FONT></TD>
    <TD align=left width="1%" bgColor=#eaeaea></TD>
    <TD align=left width="8%" bgColor=#eaeaea><FONT size=2>&nbsp; </FONT></TD>
    <TD align=left width="1%" bgColor=#eaeaea></TD>
    <TD align=left width="8%" bgColor=#eaeaea><FONT size=2>&nbsp; </FONT></TD>
    <TD align=left width="1%" bgColor=#eaeaea></TD>
    <TD align=left width="8%" bgColor=#eaeaea><FONT size=2>&nbsp; </FONT></TD>
    <TD align=left width="1%" bgColor=#eaeaea></TD>
    <TD align=left width="8%" bgColor=#eaeaea><FONT size=2>&nbsp; </FONT></TD>
    <TD align=left width="1%" bgColor=#eaeaea></TD>
    <TD align=left width="8%" bgColor=#eaeaea><FONT size=2>&nbsp; </FONT></TD>
    <TD align=left width="1%" bgColor=#eaeaea></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=left width="8%" bgColor=#eaeaea><FONT size=2>&nbsp; </FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="28%"><B><FONT size=2>Short-Term Loans</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="8%"><FONT size=2>&nbsp; </FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="8%"><FONT size=2>&nbsp; </FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="8%"><FONT size=2>&nbsp; </FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="8%"><FONT size=2>&nbsp; </FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="8%"><FONT size=2>&nbsp; </FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="8%"><FONT size=2>&nbsp; </FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="8%"><FONT size=2>&nbsp; </FONT></TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=left width="8%"><FONT size=2>&nbsp; </FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 1px" align=left width="28%" bgColor=#eaeaea>
      <P style="MARGIN-LEFT: 0.1in"><FONT size=2>Working capital</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD align=left width="1%" bgColor=#eaeaea>
      <P style="MARGIN-LEFT: 0.1in"></P></TD>
    <TD align=left width="8%" bgColor=#eaeaea><FONT size=2>&nbsp; </FONT></TD>
    <TD align=left width="1%" bgColor=#eaeaea></TD>
    <TD align=right width="8%" bgColor=#eaeaea><B><FONT size=2>89,934</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#eaeaea></TD>
    <TD align=left width="8%" bgColor=#eaeaea><FONT size=2>&nbsp; </FONT></TD>
    <TD align=left width="1%" bgColor=#eaeaea></TD>
    <TD align=left width="8%" bgColor=#eaeaea><FONT size=2>&nbsp; </FONT></TD>
    <TD align=left width="1%" bgColor=#eaeaea></TD>
    <TD align=left width="8%" bgColor=#eaeaea><FONT size=2>&nbsp; </FONT></TD>
    <TD align=left width="1%" bgColor=#eaeaea></TD>
    <TD align=left width="8%" bgColor=#eaeaea><FONT size=2>&nbsp; </FONT></TD>
    <TD align=left width="1%" bgColor=#eaeaea></TD>
    <TD align=left width="8%" bgColor=#eaeaea><FONT size=2>&nbsp; </FONT></TD>
    <TD align=left width="1%" bgColor=#eaeaea></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=left width="8%" bgColor=#eaeaea><FONT size=2>&nbsp; </FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="28%"><B><FONT size=2>Long-Term Loans</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="8%"><FONT size=2>&nbsp; </FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="8%"><FONT size=2>&nbsp; </FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="8%"><FONT size=2>&nbsp; </FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="8%"><FONT size=2>&nbsp; </FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="8%"><FONT size=2>&nbsp; </FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="8%"><FONT size=2>&nbsp; </FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="8%"><FONT size=2>&nbsp; </FONT></TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=left width="8%"><FONT size=2>&nbsp; </FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 1px" align=left width="28%" bgColor=#eaeaea>
      <P style="MARGIN-LEFT: 0.1in"><FONT size=2>Advance on Export
      Contracts</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD align=left width="1%" bgColor=#eaeaea>
      <P style="MARGIN-LEFT: 0.1in"></P></TD>
    <TD align=right width="8%" bgColor=#eaeaea><FONT size=2>2,190,555</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#eaeaea></TD>
    <TD align=right width="8%" bgColor=#eaeaea><FONT size=2>65,874</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#eaeaea></TD>
    <TD align=right width="8%" bgColor=#eaeaea><FONT size=2>241,553</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#eaeaea></TD>
    <TD align=right width="8%" bgColor=#eaeaea><FONT size=2>202,701</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#eaeaea></TD>
    <TD align=right width="8%" bgColor=#eaeaea><FONT size=2>2,190,557</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#eaeaea></TD>
    <TD align=right width="8%" bgColor=#eaeaea><FONT size=2>65,874</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#eaeaea></TD>
    <TD align=right width="8%" bgColor=#eaeaea><FONT size=2>241,554</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#eaeaea></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="8%" bgColor=#eaeaea><FONT size=2>202,701</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 1px" align=left width="28%">
      <P style="MARGIN-LEFT: 0.1in"><FONT size=1><B><FONT size=2>Prepayment</FONT></B></FONT><B><FONT size=2>&nbsp;</FONT></B></P></TD>
    <TD align=left width="1%">
      <P style="MARGIN-LEFT: 0.1in"></P></TD>
    <TD align=right width="8%"><FONT size=2>275,084</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="8%"><FONT size=2>172,664</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="8%"><FONT size=2>1,963,539</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="8%"><FONT size=2>1,416,569</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="8%"><FONT size=2>307,561</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="8%"><FONT size=2>245,210</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="8%"><FONT size=2>4,402,184</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="8%"><FONT size=2>2,682,151</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 1px" align=left width="28%" bgColor=#eaeaea>
      <P style="MARGIN-LEFT: 0.1in"><FONT size=2>Perpetual Bonds</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD align=left width="1%" bgColor=#eaeaea>
      <P style="MARGIN-LEFT: 0.1in"></P></TD>
    <TD align=right width="8%" bgColor=#eaeaea><FONT size=2>35,152</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#eaeaea></TD>
    <TD align=right width="8%" bgColor=#eaeaea><FONT size=2>26,643</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#eaeaea></TD>
    <TD align=right width="8%" bgColor=#eaeaea><FONT size=2>1,752,750</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#eaeaea></TD>
    <TD align=right width="8%" bgColor=#eaeaea><FONT size=2>1,328,475</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#eaeaea></TD>
    <TD align=right width="8%" bgColor=#eaeaea><FONT size=2>35,152</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#eaeaea></TD>
    <TD align=left width="8%" bgColor=#eaeaea><FONT size=2>&nbsp; </FONT></TD>
    <TD align=left width="1%" bgColor=#eaeaea></TD>
    <TD align=right width="8%" bgColor=#eaeaea><FONT size=2>1,752,750</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#eaeaea></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=left width="8%" bgColor=#eaeaea><FONT size=2>&nbsp; </FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 1px" align=left width="28%">
      <P style="MARGIN-LEFT: 0.1in"><FONT size=1><B><FONT size=2>Fixed Rate
      Note</FONT></B></FONT><B><FONT size=2>&nbsp;</FONT></B></P></TD>
    <TD align=left width="1%">
      <P style="MARGIN-LEFT: 0.1in"></P></TD>
    <TD align=right width="8%"><FONT size=2>51,261</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="8%"><FONT size=2>543,174</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="8%"><FONT size=2>2,220,150</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="8%"><FONT size=2>1,682,735</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="8%"><FONT size=2>64,625</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="8%"><FONT size=2>528,375</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="8%"><FONT size=2>4,551,150</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="8%"><FONT size=2>2,568,055</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 1px" align=left width="28%" bgColor=#eaeaea>
      <P style="MARGIN-LEFT: 0.1in"><FONT size=2>Import Financing</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD align=left width="1%" bgColor=#eaeaea>
      <P style="MARGIN-LEFT: 0.1in"></P></TD>
    <TD align=right width="8%" bgColor=#eaeaea><FONT size=2>121,733</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#eaeaea></TD>
    <TD align=right width="8%" bgColor=#eaeaea><FONT size=2>75,629</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#eaeaea></TD>
    <TD align=right width="8%" bgColor=#eaeaea><FONT size=2>212,474</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#eaeaea></TD>
    <TD align=right width="8%" bgColor=#eaeaea><FONT size=2>138,951</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#eaeaea></TD>
    <TD align=right width="8%" bgColor=#eaeaea><FONT size=2>80,640</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#eaeaea></TD>
    <TD align=right width="8%" bgColor=#eaeaea><FONT size=2>64,318</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#eaeaea></TD>
    <TD align=right width="8%" bgColor=#eaeaea><FONT size=2>98,467</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#eaeaea></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="8%" bgColor=#eaeaea><FONT size=2>91,366</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 1px" align=left width="28%">
      <P style="MARGIN-LEFT: 0.1in"><FONT size=1><B><FONT size=2>BNDES/Finame</FONT></B></FONT><B><FONT size=2>&nbsp;</FONT></B></P></TD>
    <TD align=left width="1%">
      <P style="MARGIN-LEFT: 0.1in"></P></TD>
    <TD align=right width="8%"><FONT size=2>8,639</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="8%"><FONT size=2>1,526</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="8%"><FONT size=2>106,641</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="8%"><FONT size=2>81,865</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="8%"><FONT size=2>8,290</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="8%"><FONT size=2>1,448</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="8%"><FONT size=2>100,286</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="8%"><FONT size=2>77,881</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 1px" align=left width="28%" bgColor=#eaeaea>
      <P style="MARGIN-LEFT: 0.1in"><FONT size=2>Other</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD align=left width="1%" bgColor=#eaeaea>
      <P style="MARGIN-LEFT: 0.1in"></P></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%" bgColor=#eaeaea><FONT size=2>247,203</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%" bgColor=#eaeaea></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%" bgColor=#eaeaea><FONT size=2>17,391</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%" bgColor=#eaeaea></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%" bgColor=#eaeaea><FONT size=2>133,421</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%" bgColor=#eaeaea></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%" bgColor=#eaeaea><FONT size=2>291,033</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%" bgColor=#eaeaea></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%" bgColor=#eaeaea><FONT size=2>55,753</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%" bgColor=#eaeaea></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%" bgColor=#eaeaea><FONT size=2>9,935</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%" bgColor=#eaeaea></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%" bgColor=#eaeaea><FONT size=2>13,671</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%" bgColor=#eaeaea></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" align=right width="8%" bgColor=#eaeaea><FONT size=2>10,362</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="28%"><FONT size=2>&nbsp; </FONT></TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%"><B><FONT size=2>2,929,627</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%"><B><FONT size=2>902,901</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%"><B><FONT size=2>6,630,528</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%"><B><FONT size=2>5,142,329</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%"><B><FONT size=2>2,742,577</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%"><B><FONT size=2>915,160</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%"><B><FONT size=2>11,160,062</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" align=right width="8%"><B><FONT size=2>5,632,516</FONT></B><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="28%"><B><FONT size=2>LOCAL CURRENCY</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="8%"><FONT size=2>&nbsp; </FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="8%"><FONT size=2>&nbsp; </FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="8%"><FONT size=2>&nbsp; </FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="8%"><FONT size=2>&nbsp; </FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="8%"><FONT size=2>&nbsp; </FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="8%"><FONT size=2>&nbsp; </FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="8%"><FONT size=2>&nbsp; </FONT></TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=left width="8%"><FONT size=2>&nbsp; </FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="28%" bgColor=#eaeaea><FONT size=2>Long-Term Loans</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%" bgColor=#eaeaea></TD>
    <TD align=left width="8%" bgColor=#eaeaea><FONT size=2>&nbsp; </FONT></TD>
    <TD align=left width="1%" bgColor=#eaeaea></TD>
    <TD align=left width="8%" bgColor=#eaeaea><FONT size=2>&nbsp; </FONT></TD>
    <TD align=left width="1%" bgColor=#eaeaea></TD>
    <TD align=left width="8%" bgColor=#eaeaea><FONT size=2>&nbsp; </FONT></TD>
    <TD align=left width="1%" bgColor=#eaeaea></TD>
    <TD align=left width="8%" bgColor=#eaeaea><FONT size=2>&nbsp; </FONT></TD>
    <TD align=left width="1%" bgColor=#eaeaea></TD>
    <TD align=left width="8%" bgColor=#eaeaea><FONT size=2>&nbsp; </FONT></TD>
    <TD align=left width="1%" bgColor=#eaeaea></TD>
    <TD align=left width="8%" bgColor=#eaeaea><FONT size=2>&nbsp; </FONT></TD>
    <TD align=left width="1%" bgColor=#eaeaea></TD>
    <TD align=left width="8%" bgColor=#eaeaea><FONT size=2>&nbsp; </FONT></TD>
    <TD align=left width="1%" bgColor=#eaeaea></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=left width="8%" bgColor=#eaeaea><FONT size=2>&nbsp; </FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 1px" align=left width="28%">
      <P style="MARGIN-LEFT: 0.1in"><FONT size=1><B><FONT size=2>BNDES/Finame</FONT></B></FONT><B><FONT size=2>&nbsp;</FONT></B></P></TD>
    <TD align=left width="1%">
      <P style="MARGIN-LEFT: 0.1in"></P></TD>
    <TD align=right width="8%"><FONT size=2>248,361</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="8%"><FONT size=2>138,675</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="8%"><FONT size=2>1,223,306</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="8%"><FONT size=2>1,070,783</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="8%"><FONT size=2>187,492</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="8%"><FONT size=2>85,360</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="8%"><FONT size=2>695,900</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="8%"><FONT size=2>707,323</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 1px" align=left width="28%" bgColor=#eaeaea>
      <P style="MARGIN-LEFT: 0.1in"><FONT size=2>Debentures (Note
      14)</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD align=left width="1%" bgColor=#eaeaea>
      <P style="MARGIN-LEFT: 0.1in"></P></TD>
    <TD align=right width="8%" bgColor=#eaeaea><FONT size=2>44,429</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#eaeaea></TD>
    <TD align=right width="8%" bgColor=#eaeaea><FONT size=2>413,220</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#eaeaea></TD>
    <TD align=right width="8%" bgColor=#eaeaea><FONT size=2>632,760</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#eaeaea></TD>
    <TD align=right width="8%" bgColor=#eaeaea><FONT size=2>640,950</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#eaeaea></TD>
    <TD align=right width="8%" bgColor=#eaeaea><FONT size=2>33,947</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#eaeaea></TD>
    <TD align=right width="8%" bgColor=#eaeaea><FONT size=2>350,147</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#eaeaea></TD>
    <TD align=right width="8%" bgColor=#eaeaea><FONT size=2>600,000</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#eaeaea></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="8%" bgColor=#eaeaea><FONT size=2>600,000</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 1px" align=left width="28%">
      <P style="MARGIN-LEFT: 0.1in"><FONT size=1><B><FONT size=2>Prepayment</FONT></B></FONT><SUP><FONT size=1><B><FONT size=2>(*)</FONT></B></FONT></SUP><B><FONT size=2>&nbsp;</FONT></B></P></TD>
    <TD align=left width="1%">
      <P style="MARGIN-LEFT: 0.1in"></P></TD>
    <TD align=right width="8%"><FONT size=2>38,485</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=left width="8%"><FONT size=2>&nbsp; </FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=right width="8%"><FONT size=2>2,978,200</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=left width="8%"><FONT size=2>&nbsp; </FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=right width="8%"><FONT size=2>92,877</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=left width="8%"><FONT size=2>&nbsp; </FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=right width="8%"><FONT size=2>7,295,501</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=left width="8%"><FONT size=2>&nbsp; </FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 1px" align=left width="28%" bgColor=#eaeaea>
      <P style="MARGIN-LEFT: 0.1in"><FONT size=2>Loan</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD align=left width="1%" bgColor=#eaeaea>
      <P style="MARGIN-LEFT: 0.1in"></P></TD>
    <TD align=left width="8%" bgColor=#eaeaea><FONT size=2>&nbsp; </FONT></TD>
    <TD align=left width="1%" bgColor=#eaeaea></TD>
    <TD align=left width="8%" bgColor=#eaeaea><FONT size=2>&nbsp; </FONT></TD>
    <TD align=left width="1%" bgColor=#eaeaea></TD>
    <TD align=left width="8%" bgColor=#eaeaea><FONT size=2>&nbsp; </FONT></TD>
    <TD align=left width="1%" bgColor=#eaeaea></TD>
    <TD align=left width="8%" bgColor=#eaeaea><FONT size=2>&nbsp; </FONT></TD>
    <TD align=left width="1%" bgColor=#eaeaea></TD>
    <TD align=right width="8%" bgColor=#eaeaea><FONT size=2>104,693</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#eaeaea></TD>
    <TD align=left width="8%" bgColor=#eaeaea><FONT size=2>&nbsp; </FONT></TD>
    <TD align=left width="1%" bgColor=#eaeaea></TD>
    <TD align=left width="8%" bgColor=#eaeaea><FONT size=2>&nbsp; </FONT></TD>
    <TD align=left width="1%" bgColor=#eaeaea></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=left width="8%" bgColor=#eaeaea><FONT size=2>&nbsp; </FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 1px" align=left width="28%">
      <P style="MARGIN-LEFT: 0.1in"><FONT size=1><B><FONT size=2>Other</FONT></B></FONT><B><FONT size=2>&nbsp;</FONT></B></P></TD>
    <TD align=left width="1%">
      <P style="MARGIN-LEFT: 0.1in"></P></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%"><FONT size=2>41,155</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%"><FONT size=2>24,663</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%"><FONT size=2>94,504</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%"><FONT size=2>76,829</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%"><FONT size=2>6,960</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%"><FONT size=2>97,216</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%"><FONT size=2>4,200</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" align=right width="8%"><FONT size=2>4,901</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="28%" bgColor=#eaeaea><FONT size=2>&nbsp; </FONT></TD>
    <TD align=left width="1%" bgColor=#eaeaea></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%" bgColor=#eaeaea><B><FONT size=2>372,430</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%" bgColor=#eaeaea></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%" bgColor=#eaeaea><B><FONT size=2>576,558</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%" bgColor=#eaeaea></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%" bgColor=#eaeaea><B><FONT size=2>4,928,770</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%" bgColor=#eaeaea></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%" bgColor=#eaeaea><B><FONT size=2>1,788,562</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%" bgColor=#eaeaea></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%" bgColor=#eaeaea><B><FONT size=2>425,969</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%" bgColor=#eaeaea></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%" bgColor=#eaeaea><B><FONT size=2>532,723</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%" bgColor=#eaeaea></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%" bgColor=#eaeaea><B><FONT size=2>8,595,601</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%" bgColor=#eaeaea></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" align=right width="8%" bgColor=#eaeaea><B><FONT size=2>1,312,224</FONT></B><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="28%"><B><FONT size=2>Total Loans and Financing</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%"><B><FONT size=2>3,302,057</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%"><B><FONT size=2>1,479,459</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%"><B><FONT size=2>11,559,298</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%"><B><FONT size=2>6,930,891</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%"><B><FONT size=2>3,168,546</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%"><B><FONT size=2>1,447,883</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%"><B><FONT size=2>19,755,663</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" align=right width="8%"><B><FONT size=2>6,944,740</FONT></B><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="28%" bgColor=#eaeaea><FONT size=2>Derivatives</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%" bgColor=#eaeaea></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%" bgColor=#eaeaea><FONT size=2>(304,609)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%" bgColor=#eaeaea></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%" bgColor=#eaeaea><FONT size=2>251,808</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%" bgColor=#eaeaea></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%" bgColor=#eaeaea><FONT size=2>(7,565)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%" bgColor=#eaeaea></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="8%" bgColor=#eaeaea><FONT size=2>&nbsp; </FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%" bgColor=#eaeaea></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%" bgColor=#eaeaea><FONT size=2>1,874</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%" bgColor=#eaeaea></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="8%" bgColor=#eaeaea><FONT size=2>288,623</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%" bgColor=#eaeaea></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="8%" bgColor=#eaeaea><FONT size=2>&nbsp; </FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%" bgColor=#eaeaea></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" align=left width="8%" bgColor=#eaeaea><FONT size=2>&nbsp; </FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="28%"><B><FONT size=2>Total Loans, Financing and </FONT></B><B><FONT size=2>Derivatives</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="8%"><B><FONT size=2>2,997,448</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="8%"><B><FONT size=2>1,821,201</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="8%"><B><FONT size=2>11,551,733</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="8%"><B><FONT size=2>6,930,891</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="8%"><B><FONT size=2>3,170,420</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="8%"><B><FONT size=2>1,736,506</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="8%"><B><FONT size=2>19,755,663</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 3px double" align=right width="8%"><B><FONT size=2>6,944,740</FONT></B><FONT size=2>&nbsp;</FONT></TD></TR></TABLE>
<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 style="HEIGHT: 11pt">
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"><P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(*) The amount of
      R$7,286,154 refers to the prepayment operation with Nacional Min&#233;rios
      S.A.</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><SUP><FONT style="FONT-SIZE: 10pt" face="Times New (W1),serif">(1) </FONT></SUP><FONT style="FONT-SIZE: 10pt" face="Times New (W1),serif">The amounts for
      December 31, 2008 in the table above do not include adjustments for the
      CPCs issued in 2009.</FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">As of December 31,
      2008, the principal of long-term loans, financing and debentures presented
      the following composition, by year of
  maturity:</FONT>&nbsp;</P></TD></TR></TABLE>
<TABLE style="FONT-SIZE: 9pt; WIDTH: 100%; FONT-FAMILY: '''''''''''''''''''''''''''''''''''''''''''''''''''''''''''Times New Roman'''''''''''''''''''''''''''''''''''''''''''''''''''''''''''" cellSpacing=0 border=0>

  <TR>
    <TD style="BORDER-LEFT: #000000 1px solid" width="16%">&nbsp;</TD>
    <TD width="13%">&nbsp;</TD>
    <TD width="1%"></TD>
    <TD width="13%"></TD>
    <TD width="1%"></TD>
    <TD width="13%"></TD>
    <TD width="1%"></TD>
    <TD width="13%"></TD>
    <TD width="1%"></TD>
    <TD width="13%">&nbsp;</TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" width="15%">&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="16%">&nbsp;</TD>
    <TD align=left width="13%">&nbsp; </TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="27%" colSpan=3><B><FONT size=2>Consolidated</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="27%" colSpan=3><B><FONT size=2>Parent Company</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="15%"><B><FONT size=2>&nbsp;</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=left width="16%" bgColor=#eaeaea><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="13%" bgColor=#eaeaea><FONT size=2>2010</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%" bgColor=#eaeaea></TD>
    <TD align=right width="13%" bgColor=#eaeaea><FONT size=2>973,766</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#eaeaea></TD>
    <TD align=right width="13%" bgColor=#eaeaea><FONT size=2>8.4%</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#eaeaea></TD>
    <TD align=right width="13%" bgColor=#eaeaea><FONT size=2>2,192,446</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#eaeaea></TD>
    <TD align=right width="13%" bgColor=#eaeaea><FONT size=2>11.1%</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=right width="15%" bgColor=#eaeaea><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=left width="16%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="13%"><FONT size=2>2011</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=right width="13%"><FONT size=2>1,038,605</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="13%"><FONT size=2>9.0%</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="13%"><FONT size=2>1,282,052</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="13%"><FONT size=2>6.4%</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=right width="15%"><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=left width="16%" bgColor=#eaeaea><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="13%" bgColor=#eaeaea><FONT size=2>2012</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%" bgColor=#eaeaea></TD>
    <TD align=right width="13%" bgColor=#eaeaea><FONT size=2>1,654,441</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#eaeaea></TD>
    <TD align=right width="13%" bgColor=#eaeaea><FONT size=2>14.3%</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#eaeaea></TD>
    <TD align=right width="13%" bgColor=#eaeaea><FONT size=2>1,847,579</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#eaeaea></TD>
    <TD align=right width="13%" bgColor=#eaeaea><FONT size=2>9.4%</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=right width="15%" bgColor=#eaeaea><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=left width="16%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="13%"><FONT size=2>2013</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=right width="13%"><FONT size=2>2,093,685</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="13%"><FONT size=2>18.1%</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="13%"><FONT size=2>2,306,085</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="13%"><FONT size=2>11.7%</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=right width="15%"><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=left width="16%" bgColor=#eaeaea><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="13%" bgColor=#eaeaea><FONT size=2>2014</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%" bgColor=#eaeaea></TD>
    <TD align=right width="13%" bgColor=#eaeaea><FONT size=2>365,871</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#eaeaea></TD>
    <TD align=right width="13%" bgColor=#eaeaea><FONT size=2>3.2%</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#eaeaea></TD>
    <TD align=right width="13%" bgColor=#eaeaea><FONT size=2>781,893</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#eaeaea></TD>
    <TD align=right width="13%" bgColor=#eaeaea><FONT size=2>4.0%</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=right width="15%" bgColor=#eaeaea><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=left width="16%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="13%"><FONT size=2>After 2014</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=right width="13%"><FONT size=2>3,672,616</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="13%"><FONT size=2>31.8%</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="13%"><FONT size=2>9,592,858</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="13%"><FONT size=2>48.6%</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=right width="15%"><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=left width="16%" bgColor=#eaeaea><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="13%" bgColor=#eaeaea><FONT size=2>Perpetual Bonds</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%" bgColor=#eaeaea></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="13%" bgColor=#eaeaea><FONT size=2>1,752,750</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%" bgColor=#eaeaea></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="13%" bgColor=#eaeaea><FONT size=2>15.2%</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%" bgColor=#eaeaea></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="13%" bgColor=#eaeaea><FONT size=2>1,752,750</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%" bgColor=#eaeaea></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="13%" bgColor=#eaeaea><FONT size=2>8.8%</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=right width="15%" bgColor=#eaeaea><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="16%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="13%"><FONT size=2>&nbsp; </FONT></TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="13%"><B><FONT size=2>11,551,733</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="13%"><B><FONT size=2>100.0%</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="13%"><B><FONT size=2>19,755,663</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="13%"><B><FONT size=2>100.0%</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="15%"><B><FONT size=2>&nbsp;</FONT></B></TD></TR></TABLE>
<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 style="HEIGHT: 11pt">
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"><P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Loans, financing and debentures are subject
      to interest, the annual rates of which, as of December 31, 2008, were as
      follows:</FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center>&nbsp;</P></TD></TR></TABLE>
<TABLE style="FONT-SIZE: 9pt; WIDTH: 100%; FONT-FAMILY: '''''''''''''''''''''''''''''''''''''''''''''''''''''''''Times New Roman'''''''''''''''''''''''''''''''''''''''''''''''''''''''''" cellSpacing=0 border=0>

  <TR>
    <TD style="BORDER-LEFT: #000000 1px solid" width="11%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
    <TD width="1%"></TD>
    <TD width="15%"></TD>
    <TD width="1%"></TD>
    <TD width="15%"></TD>
    <TD width="1%"></TD>
    <TD width="15%"></TD>
    <TD width="1%"></TD>
    <TD width="15%">&nbsp;</TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" width="10%">&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="11%">&nbsp;</TD>
    <TD align=left width="15%">&nbsp; &nbsp;</TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="15%"><FONT size=2>&nbsp; </FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="15%"><B><FONT size=2>Consolidated</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="15%"><FONT size=2>&nbsp; </FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="15%"><B><FONT size=2>Parent Company</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="10%"><B><FONT size=2>&nbsp;</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="11%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="15%"><FONT size=2>&nbsp; </FONT></TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="15%"><FONT size=2>Local Currency</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="15%"><FONT size=2>Foreign Currency</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="15%"><FONT size=2>Local Currency</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="15%"><FONT size=2>Foreign Currency</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="10%"><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=left width="11%" bgColor=#eaeaea><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="15%" bgColor=#eaeaea><FONT size=2>Up to
      7%</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%" bgColor=#eaeaea></TD>
    <TD align=right width="15%" bgColor=#eaeaea><FONT size=2>3,021,553</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#eaeaea></TD>
    <TD align=right width="15%" bgColor=#eaeaea><FONT size=2>4,806,662</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#eaeaea></TD>
    <TD align=right width="15%" bgColor=#eaeaea><FONT size=2>104,693</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#eaeaea></TD>
    <TD align=right width="15%" bgColor=#eaeaea><FONT size=2>6,168,594</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=right width="10%" bgColor=#eaeaea><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=left width="11%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="15%"><FONT size=2>From 7.1 to 9%</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=right width="15%"><FONT size=2>602,865</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="15%"><FONT size=2>558,617</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="15%"><FONT size=2>408,580</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="15%"><FONT size=2>1,773,579</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=right width="10%"><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=left width="11%" bgColor=#eaeaea><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="15%" bgColor=#eaeaea><FONT size=2>From 9.1 to
      11%</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%" bgColor=#eaeaea></TD>
    <TD align=right width="15%" bgColor=#eaeaea><FONT size=2>661,024</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#eaeaea></TD>
    <TD align=right width="15%" bgColor=#eaeaea><FONT size=2>4,118,347</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#eaeaea></TD>
    <TD align=right width="15%" bgColor=#eaeaea><FONT size=2>485,972</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#eaeaea></TD>
    <TD align=right width="15%" bgColor=#eaeaea><FONT size=2>5,960,466</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=right width="10%" bgColor=#eaeaea><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=left width="11%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="15%"><FONT size=2>Above 11%</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=right width="15%"><FONT size=2>883,246</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="15%"><FONT size=2>74,572</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="15%"><FONT size=2>7,920,101</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=left width="15%"><FONT size=2>&nbsp; </FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=left width="10%"><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=left width="11%" bgColor=#eaeaea><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="15%" bgColor=#eaeaea><FONT size=2>Variable</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%" bgColor=#eaeaea></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="15%" bgColor=#eaeaea><FONT size=2>132,512</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%" bgColor=#eaeaea></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="15%" bgColor=#eaeaea><FONT size=2>(310,217)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%" bgColor=#eaeaea></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="15%" bgColor=#eaeaea><FONT size=2>102,224</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%" bgColor=#eaeaea></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="15%" bgColor=#eaeaea><FONT size=2>1,874</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=right width="10%" bgColor=#eaeaea><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=left width="11%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="15%"><FONT size=2>&nbsp; </FONT></TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="15%"><B><FONT size=2>5,301,200</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="15%"><B><FONT size=2>9,247,981</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="15%"><B><FONT size=2>9,021,571</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="15%"><B><FONT size=2>13,904,513</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=right width="10%"><B><FONT size=2>&nbsp;</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=left width="11%" bgColor=#eaeaea><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="15%" bgColor=#eaeaea><FONT size=2>&nbsp; </FONT></TD>
    <TD align=left width="1%" bgColor=#eaeaea></TD>
    <TD align=left width="15%" bgColor=#eaeaea><FONT size=2>&nbsp; </FONT></TD>
    <TD align=left width="1%" bgColor=#eaeaea></TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right width="15%" bgColor=#eaeaea><B><FONT size=2>14,549,181</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#eaeaea></TD>
    <TD align=left width="15%" bgColor=#eaeaea><FONT size=2>&nbsp; </FONT></TD>
    <TD align=left width="1%" bgColor=#eaeaea></TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right width="15%" bgColor=#eaeaea><B><FONT size=2>22,926,083</FONT></B>&nbsp;</TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=right width="10%" bgColor=#eaeaea><B><FONT size=2>&nbsp;</FONT></B></TD></TR></TABLE>
<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 style="HEIGHT: 11pt">
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"><P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Percentage composition of total loans,
      financing and debentures, by currency/index of origin, on 12/31/2008 and
      12/31/2007:</FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center>&nbsp;</P></TD></TR></TABLE>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-LEFT: #000000 1px solid" width="30%">&nbsp;</TD>
    <TD width="19%">&nbsp;</TD>
    <TD width="1%"></TD>
    <TD width="9%"></TD>
    <TD width="1%"></TD>
    <TD width="9%"></TD>
    <TD style="BACKGROUND-COLOR: #ffffff" width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" width="30%">&nbsp; </TD></TR>
  <TR>
    <TD style="BORDER-LEFT: #000000 1px solid" width="30%">&nbsp;</TD>
    <TD width="19%">&nbsp;</TD>
    <TD align=right width="1%"><B><FONT size=2></FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="19%" colSpan=3><B><FONT size=2>Consolidated </FONT></B></TD>
    <TD align=right width="1%"><B><FONT size=2>&nbsp;</FONT></B></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="30%"><B><FONT size=2>&nbsp;&nbsp;</FONT></B></TD></TR>
  <TR>
    <TD style="BORDER-LEFT: #000000 1px solid" width="30%">&nbsp;</TD>
    <TD width="19%">&nbsp;</TD>
    <TD align=right width="1%"><FONT size=2></FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right width="9%"><FONT size=2>2008</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right width="9%"><FONT size=2>2007</FONT></TD>
    <TD align=right width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="30%"><FONT size=2>&nbsp;&nbsp;</FONT></TD></TR>
  <TR>
    <TD style="BORDER-LEFT: #000000 1px solid" width="30%"><FONT size=2><B>&nbsp;</B></FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" width="19%"><FONT size=2><B>Local
      currency</B></FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="9%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="9%"></TD>
    <TD align=right width="1%">&nbsp;</TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=right width="30%">&nbsp;&nbsp;</TD></TR>
  <TR>
    <TD style="BORDER-LEFT: #000000 1px solid" width="30%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2></FONT>&nbsp;</P></TD>
    <TD width="19%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>CDI</FONT></P></TD>
    <TD align=right width="1%"><FONT size=2></FONT></TD>
    <TD align=right width="9%"><FONT size=2>5.68</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="9%"><FONT size=2>8.54</FONT></TD>
    <TD align=right width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=right width="30%"><FONT size=2>&nbsp;&nbsp;</FONT></TD></TR>
  <TR>
    <TD style="BORDER-LEFT: #000000 1px solid" width="30%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2></FONT>&nbsp;</P></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" width="19%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>IGP-M</FONT></P></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"><FONT size=2></FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="9%"><FONT size=2>0.37</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="9%"><FONT size=2>4.38</FONT></TD>
    <TD align=right width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=right width="30%"><FONT size=2>&nbsp;&nbsp;</FONT></TD></TR>
  <TR>
    <TD style="BORDER-LEFT: #000000 1px solid" width="30%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2></FONT>&nbsp;</P></TD>
    <TD width="19%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>TJLP</FONT></P></TD>
    <TD align=right width="1%"><FONT size=2></FONT></TD>
    <TD align=right width="9%"><FONT size=2>10.14</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="9%"><FONT size=2>13.88</FONT></TD>
    <TD align=right width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=right width="30%"><FONT size=2>&nbsp;&nbsp;</FONT></TD></TR>
  <TR>
    <TD style="BORDER-LEFT: #000000 1px solid" width="30%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2></FONT>&nbsp;</P></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" width="19%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>IGP-DI</FONT></P></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"><FONT size=2></FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="9%"><FONT size=2>0.08</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="9%"><FONT size=2>0.13</FONT></TD>
    <TD align=right width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=right width="30%"><FONT size=2>&nbsp;&nbsp;</FONT></TD></TR>
  <TR>
    <TD style="BORDER-LEFT: #000000 1px solid" width="30%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2></FONT>&nbsp;</P></TD>
    <TD width="19%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Other currencies</FONT></P></TD>
    <TD align=right width="1%"><FONT size=2></FONT></TD>
    <TD align=right width="9%"><FONT size=2>20.06</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="9%"><FONT size=2>0.07</FONT></TD>
    <TD align=right width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=right width="30%"><FONT size=2>&nbsp;&nbsp;</FONT></TD></TR>
  <TR>
    <TD style="BORDER-LEFT: #000000 1px solid" width="30%">&nbsp;</TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" width="19%">&nbsp;</TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"><FONT size=2></FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="9%"><FONT size=2>36.33</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="9%"><FONT size=2>27.00</FONT></TD>
    <TD align=right width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=right width="30%"><FONT size=2>&nbsp;&nbsp;</FONT></TD></TR>
  <TR height=20>
    <TD style="BORDER-LEFT: #000000 1px solid" width="30%"><FONT size=2><B>&nbsp;</B></FONT></TD>
    <TD width="19%"><FONT size=2><B>Foreign currency</B></FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="9%"></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="9%"></TD>
    <TD align=right width="1%">&nbsp;</TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=right width="30%">&nbsp;&nbsp;</TD></TR>
  <TR height=20>
    <TD style="BORDER-LEFT: #000000 1px solid" width="30%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2></FONT>&nbsp;</P></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" width="19%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>US Dollar</FONT></P></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"><FONT size=2></FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="9%"><FONT size=2>65.60</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="9%"><FONT size=2>69.89</FONT></TD>
    <TD align=right width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=right width="30%"><FONT size=2>&nbsp;&nbsp;</FONT></TD></TR>
  <TR height=20>
    <TD style="BORDER-LEFT: #000000 1px solid" width="30%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2></FONT>&nbsp;</P></TD>
    <TD width="19%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Yen</FONT></P></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="9%"></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="9%"></TD>
    <TD align=right width="1%">&nbsp;</TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=right width="30%">&nbsp;&nbsp;</TD></TR>
  <TR height=20>
    <TD style="BORDER-LEFT: #000000 1px solid" width="30%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2></FONT>&nbsp;</P></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" width="19%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Euro</FONT></P></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"><FONT size=2></FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="9%"><FONT size=2>0.09</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="9%"><FONT size=2>0.16</FONT></TD>
    <TD align=right width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=right width="30%"><FONT size=2>&nbsp;&nbsp;</FONT></TD></TR>
  <TR height=20>
    <TD style="BORDER-LEFT: #000000 1px solid" width="30%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2></FONT>&nbsp;</P></TD>
    <TD width="19%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Other currencies</FONT></P></TD>
    <TD align=right width="1%"><FONT size=2></FONT></TD>
    <TD align=right width="9%"><FONT size=2>(2.02)</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="9%"><FONT size=2>2.95</FONT></TD>
    <TD align=right width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=right width="30%"><FONT size=2>&nbsp;&nbsp;</FONT></TD></TR>
  <TR height=20>
    <TD style="BORDER-LEFT: #000000 1px solid" width="30%">&nbsp;</TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" width="19%">&nbsp;</TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"><FONT size=2></FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="9%"><FONT size=2>63.67</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="9%"><FONT size=2>73.00</FONT></TD>
    <TD align=right width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=right width="30%"><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR height=20>
    <TD style="BORDER-LEFT: #000000 1px solid" width="30%">&nbsp;</TD>
    <TD width="19%">&nbsp;</TD>
    <TD align=right width="1%"><FONT size=2></FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="9%"><FONT size=2>100.00</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="9%"><FONT size=2>100.00</FONT></TD>
    <TD align=right width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=right width="30%"><FONT size=2>&nbsp;&nbsp;</FONT></TD></TR>
  <TR height=20>
    <TD style="BORDER-LEFT: #000000 1px solid" width="30%">&nbsp;</TD>
    <TD width="19%">&nbsp;</TD>
    <TD align=right width="1%">&nbsp;</TD>
    <TD align=right width="9%">&nbsp;</TD>
    <TD align=right width="1%">&nbsp;</TD>
    <TD align=right width="9%">&nbsp;</TD>
    <TD align=right width="1%">&nbsp;</TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="30%"><FONT size=2>&nbsp;</FONT></TD></TR></TABLE>
<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 style="HEIGHT: 11pt">
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"><P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The guarantees provided for loans comprise
      fixed assets, sureties, bank guarantees and export securitizations, as
      shown in the following table, and do not include the guarantees provided
      to subsidiaries.&nbsp;</FONT>&nbsp;</P></TD></TR></TABLE>
<TABLE style="FONT-SIZE: 9pt; WIDTH: 100%; FONT-FAMILY: ''''''''''''''''''''''''''''''''''''''''''''''''''''''''''Times New Roman''''''''''''''''''''''''''''''''''''''''''''''''''''''''''" cellSpacing=0 border=0>

  <TR>
    <TD style="BORDER-LEFT: #000000 1px solid" width="25%">&nbsp;</TD>
    <TD width="26%">&nbsp;</TD>
    <TD width="1%"></TD>
    <TD width="11%"></TD>
    <TD width="1%"></TD>
    <TD width="11%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" width="25%">&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="25%">&nbsp;</TD>
    <TD align=left width="26%">&nbsp;</TD>
    <TD align=right width="1%"><B><FONT size=1></FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right width="11%"><B><FONT size=2>2008</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right width="11%"><B><FONT size=2>2007</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=right width="25%">&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=left width="25%" bgColor=#eaeaea><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="26%" bgColor=#eaeaea><FONT size=2>Property, Plant
      and Equipment</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#eaeaea></TD>
    <TD align=right width="11%" bgColor=#eaeaea><FONT size=2>47,985</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#eaeaea><FONT size=1></FONT></TD>
    <TD align=right width="11%" bgColor=#eaeaea><FONT size=2>47,985</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=right width="25%" bgColor=#eaeaea>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=left width="25%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="26%"><FONT size=2>Personal Guarantee</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="11%"><FONT size=2>95,254</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="11%"><FONT size=2>68,159</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=right width="25%">&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=left width="25%" bgColor=#eaeaea><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="26%" bgColor=#eaeaea><FONT size=2>Imports</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#eaeaea></TD>
    <TD align=right width="11%" bgColor=#eaeaea><FONT size=2>83,853</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#eaeaea></TD>
    <TD align=right width="11%" bgColor=#eaeaea><FONT size=2>87,525</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=right width="25%" bgColor=#eaeaea>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=left width="25%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="26%"><FONT size=2>Securitizations
      (Exports)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right width="11%"><FONT size=2>117,369</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right width="11%"><FONT size=2>252,307</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=right width="25%">&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=left width="25%" bgColor=#eaeaea><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="26%" bgColor=#eaeaea><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#eaeaea></TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right width="11%" bgColor=#eaeaea><B><FONT size=2>344,461</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right width="1%" bgColor=#eaeaea></TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=right width="11%" bgColor=#eaeaea><B><FONT size=2>455,976</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=right width="25%" bgColor=#eaeaea><B><FONT size=1>&nbsp;</FONT></B></TD></TR></TABLE>
<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 style="HEIGHT: 11pt">
    <TD style="BORDER-RIGHT: #000000 1px solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; BORDER-LEFT: #000000 1px solid; PADDING-TOP: 0in; HEIGHT: 29.8pt" vAlign=top width="99%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(ii) other long-term
      relationships with financial institutions; </FONT></I></B></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">None.</FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(iii) level of debt
      subordination; </FONT></I></B></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company has no
      subordinated debt.</FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(iv) eventual
      restrictions imposed on the Company, especially those regarding limits on
      indebtedness and the contracting of new debt, the distribution of
      dividends, sale of assets, issue of new securities and disposal of
      shareholding control.</FONT></I></B></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company&#146;s loans
      and financing contain certain restrictive clauses (covenants), typical of
      financial contracts in general and operations of a similar nature, as
      explained below:</FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif">Financing contracted from the BNDES is
      subject to &#147;Terms Applicable to BNDES Agreements&#148;, according to which
      borrowers, such as the Company, may not, without the prior consent of the
      BNDES: (i) take on new debt (except that admitted by the Terms); (ii) give
      preference to other creditors; (iii) amortize stock; (iv) issue debentures
      or founders&#146; shares; and (vi) sell or encumber permanent assets (except in
      cases admitted by the Terms).</FONT></P></TD></TR>
  <TR style="HEIGHT: 29.8pt">
    <TD style="BORDER-RIGHT: #000000 1px solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; BORDER-LEFT: #000000 1px solid; PADDING-TOP: 0in; HEIGHT: 29.8pt" vAlign=top width="99%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Pursuant to the terms
      of the Company&#146;s Fourth Debenture Issue, among other provisions, the
      Company may not: (i) merge itself, be merged or spun-off, unless the
      operation has been approved in advance by 2/3 of the owners of outstanding
      debentures (excluding those intragroup operations established in the
      indenture) or if the debenture-holders are entitled to redeem their
      debentures at their par value plus remuneration, within six (6) months as
      from the date of the publication of the minutes of the shareholders'
      meeting approving the operation; and (ii) sell or lease all or a
      substantial portion of its fixed assets, unless the party receiving said
      assets is a corporation established in Brazil, any state in the United
      States or any other investment-grade country and expressly agrees to
      comply with all the obligations related to the debentures. </FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Eurobonds issued by
      the Company&#146;s subsidiaries abroad establish that, among other terms, the
      Company, as guarantor, may not merge itself, be merged or sell all or a
      substantial portion of its assets to third parties, unless the Company was
      the entity resulting from the corporate restructuring or if the entity is
      a company headquartered in Brazil, the United State or any country in the
      European Union and assumes all of the guarantor's obligations. </FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Under&nbsp; the terms
      of its export receivable securitization program, on July 2, 2009 the
      Company (1) notified the creditors of its series 2003-1 notes of its
      irrevocable intention to redeem said notes in advance, on August 5, 2009;
      and (2) conducted a consent solicitation with creditors of the series
      2004-1 and 2005-1 notes from the securitization program to obtain their
      consent or waiver in relation to the following: (i) the inclusion of iron
      ore receivables in the securitization program; (ii) </FONT><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">the adoption of flexible dates for the early
      redemption of notes</FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">; (iii) the alteration of certain export
      coverage ratios established in the program; and (iv) the disregarding of
      Accumulation Events that occurred in the program's 21<SUP>st</SUP> and
      23<SUP>rd</SUP> quarters, for eventual characterization as an early
      amortization event. On August 5, 2009, the Company received confirmation
      that The Bank of New York Mellon had received the consent of creditors of
      both series in numbers sufficient to approve all the above-mentioned
      matters. </FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Loans and financing
      with certain financial institutions have limiting contractual clauses
      (covenants) that are common to financial contracts in general, which the
      Company has duly complied with as of December 31, 2009.</FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Some of the main
      covenants are listed below:</FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><I><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">In export and import
      financing operations:</FONT></U></I></P>
      <UL style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in" type=disc>
        <LI style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company must
        maintain all authorizations necessary to comply with the obligations
        established in the contract.</FONT>
        <LI style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company
        undertakes to export in an amount sufficient to cover the principal and
        interest due on the respective payment dates.</FONT> </LI></UL>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><I><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">In Export Credit
      Notes issued in favor of Banco do Brasil S.A. and Banco Nossa Caixa
      S.A.</FONT></U></I></P>
      <UL style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in" type=disc>
        <LI style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company
        undertakes to export steel products in general and/or iron ore in an
        amount sufficient to cover the principal of the operation.</FONT>
      </LI></UL>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">In financing obtained
      from the Brazilian Development Bank - BNDES</FONT></U></P>
      <UL style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in" type=disc>
        <LI style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company
        undertakes to provide proof of the investment of its own funds
        established in the project.</FONT>
        <LI style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black>The
        Company undertakes not to promote acts or measures that may jeopardize
        or change the economic and financial balance of the loan
        beneficiary.</FONT> </LI></UL>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><I><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">In debenture issues:
      </FONT></U></I></P>
      <UL style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in" type=disc>
        <LI style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company must
        immediately notify the trustee upon calling for any general debenture
        holders&#146; meeting by the issuer.</FONT> </LI></UL>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company and its
      subsidiaries also assume covenants which are specific to certain
      contracts, but normal for operations of the same nature, which had also
      been complied with as of December 31, 2009, as follows: </FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><I><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Covenants of the
      Company and subsidiaries</FONT></U></I><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"> (CSN Islands IX Corp., CSN Islands X Corp.
      CSN Islands XI Corp)</FONT></I><I><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"> for Eurobonds issued by its
      subsidiaries</FONT></U></I><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"> (CSN Islands IX Corp., CSN Islands X Corp.
      CSN Islands XI Corp)</FONT></I><I><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">:</FONT></U></I></P>
      <UL style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in" type=disc>
        <LI style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">In foreign currency
        and debt operations represented by securities traded on stock exchanges
        outside Brazil, the Company may not constitute guarantees on its assets,
        except for those permitted in the operations' agreements, without
        simultaneously guaranteeing the notes.</FONT> </LI></UL></TD></TR>
  <TR style="HEIGHT: 29.8pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 29.8pt" vAlign=top width="99%">
      <UL style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in" type=disc>
        <LI style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The issuer may not
        assume debt, except for that represented by the notes, or debt
        representing commissions, costs or indemnifications due, in accordance
        with the operation documentation.</FONT> </LI></UL>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><I><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Company&#146;s covenant in
      the Bank Credit Bill with Caixa Econ&#244;mica Federal:</FONT></U></I></P>
      <UL style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in" type=disc>
        <LI style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company shall
        maintain in the process of collection, at Caixa Econ&#244;mica Federal,
        receivables equivalent to 25% of the operation&#146;s outstanding
        balance.</FONT> </LI></UL>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Covenants applicable
      to the Company&#146;s subsidiaries:</FONT></U></P>
      <UL style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in" type=disc>
        <LI style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">A CSN Export
        S.&#224;.r.l (securitization) may not assume debts except for those
        established in the operation documentation and those determined by law
        which do not have a materially adverse effect.</FONT> </LI></UL>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">On July 2, 2009 the Company (1) notified the
      creditors of series 2003-1 notes of its irrevocable intention of
      performing the early redemption of said notes, which were settled on
      August 5, 2009; and (2) initiated a consent solicitation process with
      creditors related to the 2004-1 and 2005-1 series notes of the
      securitization program, in order to obtain their consent or waiver in
      relation to the following: (i) inclusion of iron ore receivables in the
      securitization program; (ii) the adoption of flexible dates for the early
      redemption of notes; (iii) the alteration of certain export coverage
      ratios </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">established in </FONT><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">the program; and (iv) </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">the disregarding of
      Accumulation Events that occurred in the program's 21<SUP>st</SUP> and
      23<SUP>rd</SUP> quarters, for eventual characterization as an early
      amortization event</FONT><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">. </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">On August 5, 2009, the Company received
      confirmation that The Bank of New York Mellon had received the consent of
      creditors of both series in numbers sufficient to approve all the
      above-mentioned matters</FONT><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">. Notwithstanding said consent, the temporary
      allocation of funds this quarter (up to twice the debt service amount) to
      an account managed by the custodian bank (Accumulation Event in the amount
      of R$70,829 thousand) due to insufficient exports to comply with certain
      export coverage ratios in the 23<SUP>rd</SUP> quarter of the program
      (ended April 30, 2009) shall be maintained until the Company resumes
      compliance with the coverage ratios originally established in the
      securitization program agreements. </FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Transnordestina
      Log&#237;stica S.A. undertakes not to alter its ownership structure without the
      prior and express consent of the BNDES.</FONT></P></TD></TR>
  <TR style="HEIGHT: 11pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 11pt" vAlign=top width="99%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">g) limits for the use
      of previously contracted financing:</FONT></I></B></P></TD></TR>
  <TR style="HEIGHT: 19.45pt">
    <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: 19.45pt" vAlign=top width="99%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">A total of
      R$3,165,030 thousand is available for withdrawal from the BNDES, FDNE and
      FNE: </FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">This amount
      corresponds to the limits of financing contracted by the Company, Inal
      Nordeste S.A., Companhia Metal&#250;rgica Prada, CSN A&#231;os Longos S.A., CSN
      Energia, Transnordestina Log&#237;stica S.A., CSN Cimentos S.A. and Sepetiba
      Tecon S.A.&nbsp;&nbsp;&nbsp; </FONT></P></TD></TR>
  <TR height=0>
    <TD width="99%"></TD></TR></TABLE></DIV>
<a name="_bclFooter169"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-weight: normal" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-weight: normal" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-weight: normal" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-weight: normal" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">169</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_168></A>
<a name="_bclPageBorder170"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader170"></a><DIV>&nbsp;</DIV>
<DIV align=center>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; MARGIN-LEFT: 2.45pt; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 11pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 11pt" vAlign=top width="100%" colSpan=4>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">h) significant
      changes in each item of the financial statements</FONT></I></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid" width="100%" colSpan=4>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="51%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Consolidated
      Statement of Income (R$ thousands)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2007</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2008</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2009</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #17365d; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="51%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>GROSS
      REVENUE</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #17365d; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>14,423,165</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #17365d; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>17,868,014</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #17365d; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>14,052,439</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="51%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;
      Domestic market</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">11,120,352</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">14,593,386</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">10,855,252</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="51%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;
      Foreign market</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3,302,813</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3,274,628</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3,197,187</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #17365d; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="51%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>GROSS
      REVENUE DEDUCTIONS</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #17365d; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>-2,982,183</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #17365d; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>-3,865,143</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #17365d; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>-3,074,075</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #17365d; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="51%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>NET
      INCOME</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #17365d; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>11,440,982</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #17365d; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>14,002,871</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #17365d; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>10,978,364</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="51%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Cost of products and
      services sold</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-6,674,224</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-7,023,504</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-6,788,092</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #17365d; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="51%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>GROSS
      OPERATING INCOME</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #17365d; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>4,766,758</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #17365d; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>6,979,367</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #17365d; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>4,190,272</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #17365d; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="51%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>OPERATING INCOME AND EXPENSES</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #17365d; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>-1,036,425</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #17365d; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>2,627,523</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #17365d; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>-652,925</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="51%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;
      Selling expenses</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-598,689</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-775,624</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-888,253</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="51%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;
      General and administrative expenses</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-430,061</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-498,159</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-483,067</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="51%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;
      Other expenses</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-1,155,591</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-740,768</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-987,512</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="51%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;
      Other revenues</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,147,916</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">4,642,074</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,705,907</FONT></P></TD></TR>
  <TR style="HEIGHT: 23pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #17365d; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 23pt" vAlign=center width="51%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>OPERATING INCOME BEFORE FINANCIAL </FONT></B><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>EFFECTS
      AND INTEREST S</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #17365d; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 23pt" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>3,730,333</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #17365d; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 23pt" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>9,606,890</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #17365d; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 23pt" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>3,537,347</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="51%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;
      Net financial income (expenses)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-508,031</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-1,091,886</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-1,305,551</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="51%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;
      Monetary and exchange variations, net</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">824,268</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-1,688,844</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,054,174</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="51%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;
      Equity income</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-109,684</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-97,212</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="17%">
      <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>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #17365d; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="51%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>INCOME
      BEFORE INCOME TAX AND SOCIAL CONTRIBUTION</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #17365d; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>3,936,886</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #17365d; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>6,728,948</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #17365d; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>3,285,970</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="51%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;
      Current income tax and social contribution</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-1,309,220</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-1,355,770</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-581,735</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="51%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;
      Deferred income tax and social contribution</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">294,684</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">400,971</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-109,323</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #17365d; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="51%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>INCOME
      BEFORE MINORITY INTEREST</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #17365d; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>2,922,350</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #17365d; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>5,774,149</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #17365d; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>2,594,912</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="51%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;
      Minority interest</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="16%">
      <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>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="16%">
      <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>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3,753</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #17365d; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="51%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>NET
      INCOME FOR THE YEAR</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #17365d; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>2,922,350</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #17365d; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>5,774,149</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #17365d; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>2,598,665</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid" width="100%" colSpan=4>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><B><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Comparison of
      Operating Results for the years ended 12/31/2009 and
      12/31/2008:</FONT></U></B></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Gross Sales and/or
      Service Revenue</FONT></U></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company&#146;s
      consolidated gross revenue amounted to R$14.05 billion in 2009, a
      reduction of 21.4% over the R$17.87 billion recorded in 2008, mainly due
      to lower steel product sales volume, in turn caused by reduced demand, and
      lower prices in the first half of 2009. These effects were stronger than
      the growth in iron ore exports, which were negatively impacted by lower
      ore prices.</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Gross Revenue
      Deductions</FONT></U></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">In 2009, gross
      revenue deductions totaled R$3.07 billion, 20.5% less than the R$3.86
      billion recorded in 2008, basically due to lower sales taxes resulting
      from the reduction in sales volume.</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Net Sales and/or
      Service Revenue</FONT></U></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">In 2009, net revenue
      amounted to R$10.98 billion, 21.6% down on the R$14.00 billion reported
      the year before, due to the same factors that impacted gross revenue.
      </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Cost of Goods Sold
      and/or Services Rendered</FONT></U></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The cost of goods
      sold amounted to R$6.79 billion in 2009, 3.3% less than the R$7.02 billion
      registered in 2008, primarily due to the reduction in sales volume,
      decreased production and the lower dilution of fixed costs, partially
      offset by the higher cost of raw materials, whose prices are pegged to the
      dollar and were therefore impacted by the foreign exchange
      devaluation.</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
<DIV align=center></DIV>
<a name="_bclFooter170"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-weight: normal" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-weight: normal" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-weight: normal" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">170</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_171></A>
<a name="_bclPageBorder171"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader171"></a><DIV>&nbsp;</DIV>
<DIV align=center>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; MARGIN-LEFT: 2.45pt; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 19.45pt">
    <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; HEIGHT: 19.45pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Gross
      Profit</FONT></U></P>
      <P style="MARGIN: 6pt 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Gross profit amounted to R$4.19 billion in
      2009, a 40.0% year-on-year reduction, basically due to the decrease in net
      revenues and the disproportionate reduction in the cost of goods sold. As
      a result, the Company&#146;s gross margin came to 38.2% in 2009, 11.6
      percentage points less than the 49.8% recorded in the previous
      year.</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Selling, General and
      Administrative Expenses</FONT></U></P>
      <P style="MARGIN: 6pt 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Selling, general and administrative expenses
      totaled R$1.37 billion in 2009, 7.7% up on the year before, mainly due to
      increased distribution costs and stronger sales efforts in
2009.</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Other
      Revenues/Expenses</FONT></U></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">In 2009, the Company
      recorded a positive R$718 million under "Other Revenues/Expenses", versus
      a positive R$3.90 billion in 2008. This negative variation of R$3.18
      billion was basically due to a non-recurring gain of R$4.04 billion in
      2008 from the percentage variation in equity income from the sale of a 40%
      interest in Nacional Min&#233;rios S.A., versus a non-recurring gain of R$835
      million in the third quarter of 2009 due to the positive impact of the
      downstream merger of Big Jump Energy Participa&#231;&#245;es S.A. into Nacional
      Min&#233;rios S.A..</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Net Financial
      Result</FONT></U></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">In 2009, the
      Company&#146;s net financial result was a negative R$251 million, chiefly due
      to:</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 38.6pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Provisions for loan and financing charges
      totaling R$1,236 million;</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 38.6pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The
      monetary restatement of tax provisions in the amount of R$280
      million;</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">These negative
      effects were partially offset by:</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 38.6pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">A gain
      of R$902 million from monetary and foreign exchange variations, including
      the result of derivative operations; </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is important to
      point out that the monetary and exchange variations were a negative
      R$1,689 million in 2008, due to the 32% depreciation of the Real against
      the U.S. dollar. In 2009, on the other hand, monetary and exchange
      variations were a positive R$1,054 million due to the 25% appreciation of
      the Real against the dollar. Thus, the absolute variation between 2009 and
      2008 amounted to R$2,743 million.</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 38.6pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Returns
      of R$276 million on financial investments; and</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 38.6pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Other
      financial revenues of R$87 million.</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Provisions for Income
      Tax and Social Contribution and Deferred Taxes</FONT></U></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">In 2009, expenses
      with income tax and social contribution came to R$691 million, R$264
      million down on 2008, basically due to lower taxable income in the
      period.</FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Net Income</FONT></U></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">In 2009, net income
      totaled R$2.60 billion, 55% less than the R$5.77 billion reported in the
      previous year, mainly due to: </FONT></P>
      <UL style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in" type=disc>
        <LI style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Non-recurring gains
        of R$4.04 billion in 2008 from the percentage variation in equity income
        from the sale of a 40% interest in Nacional Min&#233;rios S.A.;</FONT>
        <LI style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The R$2.79 billion
        reduction in gross profit due to the impact of the economic crisis,
        especially in the first half of 2009;</FONT> </LI></UL>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">These factors were
      partially offset by</FONT><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">:</FONT></B></P>
      <P style="MARGIN: 6pt 0in 0pt 38.6pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">A gain
      of R$0.84 billion in 2009, from the downstream merger of Big Jump Energy
      Participa&#231;&#245;es S.A. by Nacional Min&#233;rios S.A.; and</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 38.6pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The
      R$2.53 billion increase in the net financial result in 2009 over the year
      before.</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center></DIV>
<a name="_bclFooter171"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">171</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_172></A>
<a name="_bclPageBorder172"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader172"></a><DIV>&nbsp;</DIV>
<DIV align=center>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; MARGIN-LEFT: 2.45pt; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 19.45pt">
    <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; HEIGHT: 19.45pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><B><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Comparison of the
      Operating Results for the years ended 12/31/2008 and
      12/31/2007:</FONT></U></B></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt"><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Gross Sales and/or Service
      Revenue</FONT></U></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Gross revenue amounted to R$17.87 billion in
      2008, 23.9% more than the R$14.42 billion recorded in 2007, fueled by the
      successive increases in steel product prices throughout 2008, a more sales
      mix more concentrated in the domestic market, and the mining
      segment&#146;s&nbsp; higher share of&nbsp; total revenue.</FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt"><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Gross Revenue Deductions</FONT></U></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">In 2008, gross revenue deductions totaled
      R$3.86 billion, 29.5% up on the 2007 figure of R$2.98 billion, mainly due
      to higher sales taxes, in turn due to increased sales volume and higher
      prices.</FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt"><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Net Sales and/or Service
      Revenue</FONT></U></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">In 2008, net revenues amounted to R$14.0
      billion, 22.4% more than the year before, due to the same factors that
      impacted the Company&#146;s gross revenue.</FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt"><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Costs of Goods Sold and/or Services
      Rendered</FONT></U></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Cost of goods sold totaled R$7.0 billion in
      2008, 5.2% more than in 2007, primarily due to the increase in the cost of
      steel production raw materials and higher sales volume, partially offset
      by the positive effect of the reversal of the Company&#146;s asset revaluation
      reserve in 2008.</FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt"><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Gross Profit</FONT></U></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Gross profit amounted toR$7.0 billion in
      2008, a 46.5% increase, basically due to higher net revenue and the
      disproportionate increase in the cost of goods sold. As a result, the
      Company&#146;s gross margin widened by 8.2 percentage points, from 41.6%, in
      2007, to 49.8%. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt"><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Selling, General and Administrative
      Expenses</FONT></U></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Selling, general and administrative expenses
      totaled R$1.27 billion in 2008, 23.8% up on 2007, thanks to stronger steel
      product sales efforts on the domestic market, additional provisions for
      doubtful accounts and higher expenses with personnel and
      contractors.</FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt"><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Other Revenues/Expenses</FONT></U></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Pursuant to Executive Order 449/08, other
      operating and non-operating revenues (expenses) were now classified as
      &#147;Other Revenues/Expenses&#148;.</FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">In 2008, the Company recorded a positive
      R$3.90 billion under "Other Revenues/Expenses", versus a negative R$7.7
      million in 2007. This positive variation was due to a non-recurring gain
      of R$4.04 billion in 2008, from the percentage variation in equity income
      from the sale of a 40% interest in Nacional Min&#233;rios S.A.</FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt"><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Net Financial Result</FONT></U></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">In 2008, the
      Company&#146;s net financial result was a negative R$2.88 million, chiefly due
      to:</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 38.6pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Provisions for loan and financing charges
      totaling R$735 million;</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 38.6pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The
      monetary restatement of tax provisions at the basic SELIC rate in the
      amount of R$450 million;</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 38.6pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">A loss
      of approximately R$1.3 billion from the Total Return Equity Swap operation
      pegged to the price of the Company&#146;s ADRs, whose purpose was to swap
      interest rate returns for the variation in the price of the Company&#146;s
      ADRs; and</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 38.6pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Other
      financial expenses in the amount of R$102 million, consisting basically of
      IOF tax on financial operations, commissions and banking
      guarantees.</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is important to
      point out that the monetary and exchange variations were a positive R$824
      million in 2007, due to the 17% appreciation of the Real against the U.S.
      dollar. On the other hand, monetary and exchange variations were a
      negative R$1,689 million, due to the 32% depreciation of the Real against
      the dollar. Thus, the absolute variation between 2008 and 2007 amounted to
      R$2,513 million.</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center></DIV>
<a name="_bclFooter172"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">172</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_173></A>
<a name="_bclPageBorder173"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader173"></a><DIV>&nbsp;</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 style="HEIGHT: 19.45pt">
    <TD style="BORDER-RIGHT: #000000 1px solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #000000 1px solid; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #000000 1px solid; PADDING-TOP: 0in; HEIGHT: 19.45pt" vAlign=top align=left width="100%">
      <P style="MARGIN: 0in 0in 0pt"><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Provisions for Income Tax and Social
      Contribution and Deferred Taxes</FONT></U></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">In 2008, expenses
      with income tax and social contribution came to R$955 million, R$60
      million down on 2007.</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify; FONT-VARIANT: small-caps"><FONT style="FONT-VARIANT: normal! important"><U><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif">Net Income</FONT></U></FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">In 2008, net income
      totaled R$5.77 billion, 97.6% more than the in 2007, due to: </FONT></P>
      <UL style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in" type=disc>
        <LI style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The R$2.3 billion
        upturn in gross profit; and</FONT>
        <LI style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">A R$4.0 billion
        gain from the Nacional Min&#233;rios S.A. operation,</FONT> </LI></UL>
      <P style="MARGIN: 6pt 0in 0pt 1.5pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">These factors were
      partially offset by</FONT><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">:</FONT></B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">:</FONT></P>
      <UL style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in" type=disc>
        <LI style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The R$3.1 billion
        reduction in the 2008 net financial result; and</FONT>
        <LI style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The R$0.2 billion
        increase in selling, general and administrative expenses in 2008.</FONT>
        </LI></UL>
      <P style="MARGIN: 6pt 0in 6pt 0.05in; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black>Company&#146;s
      Balance Sheet (consolidated)</FONT></B><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">: </FONT></B></P>
      <P style="MARGIN: 6pt 0in 6pt 0.05in; TEXT-ALIGN: left" align=center><FONT color=#808080 size=1>COMPANHIA SIDER&#218;RGICA NACIONAL</FONT><BR><I><FONT color=#808080 size=1>Balance Sheet - 2007.2008.2009.</FONT></I><BR><FONT color=#808080 size=1>Consolidated Information - (R$
    thousands),</FONT></P></TD></TR></TABLE>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>

  <TR height=20>
    <TD style="BORDER-LEFT: #000000 1px solid" width="36%">&nbsp;</TD>
    <TD width="8%"></TD>
    <TD width="8%"></TD>
    <TD width="8%"></TD>
    <TD width="8%"></TD>
    <TD width="8%"></TD>
    <TD width="8%"></TD>
    <TD width="8%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" width="8%">&nbsp;</TD></TR>
  <TR>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #bebebe" width="36%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>Balance
      Sheets</B></FONT></TD>
    <TD style="BACKGROUND-COLOR: #bebebe" align=middle width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>2007</B></FONT></TD>
    <TD style="BACKGROUND-COLOR: #bebebe" align=middle width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>AV</B></FONT></TD>
    <TD style="BACKGROUND-COLOR: #bebebe" align=middle width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>2008</B></FONT></TD>
    <TD style="BACKGROUND-COLOR: #bebebe" align=middle width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>AV</B></FONT></TD>
    <TD style="BACKGROUND-COLOR: #bebebe" align=middle width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>AH</B></FONT></TD>
    <TD style="BACKGROUND-COLOR: #bebebe" align=middle width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>2009</B></FONT></TD>
    <TD style="BACKGROUND-COLOR: #bebebe" align=middle width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>AV</B></FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #bebebe" align=middle width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>AH</B></FONT></TD></TR>
  <TR height=20>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #004080" width="36%"><FONT style="FONT-SIZE: 8pt" face=Arial color=#ffffff><B>ASSETS</B></FONT></TD>
    <TD style="BACKGROUND-COLOR: #004080" width="8%"></TD>
    <TD style="BACKGROUND-COLOR: #004080" width="8%"></TD>
    <TD style="BACKGROUND-COLOR: #004080" width="8%"></TD>
    <TD style="BACKGROUND-COLOR: #004080" width="8%"></TD>
    <TD style="BACKGROUND-COLOR: #004080" width="8%"></TD>
    <TD style="BACKGROUND-COLOR: #004080" width="8%"></TD>
    <TD style="BACKGROUND-COLOR: #004080" width="8%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #004080" width="8%">&nbsp;</TD></TR>
  <TR height=20>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #004080" width="36%"><FONT style="FONT-SIZE: 8pt" face=Arial color=#ffffff><B>Current</B></FONT></TD>
    <TD style="BACKGROUND-COLOR: #004080" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial color=#ffffff><B>8,389,353</B></FONT></TD>
    <TD style="BACKGROUND-COLOR: #004080" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial color=#ffffff><B>26.6%</B></FONT></TD>
    <TD style="BACKGROUND-COLOR: #004080" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial color=#ffffff><B>18,328,700</B></FONT></TD>
    <TD style="BACKGROUND-COLOR: #004080" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial color=#ffffff><B>58.2%</B></FONT></TD>
    <TD style="BACKGROUND-COLOR: #004080" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial color=#ffffff><B>0.0%</B></FONT></TD>
    <TD style="BACKGROUND-COLOR: #004080" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial color=#ffffff><B>13,568,594</B></FONT></TD>
    <TD style="BACKGROUND-COLOR: #004080" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial color=#ffffff><B>46.5%</B></FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #004080" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial color=#ffffff><B>-26.0%</B></FONT></TD></TR>
  <TR style="HEIGHT: 20px" height=20>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 0.2in" width="36%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>Cash and cash
      equivalents</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>225,344</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.8%</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>232,065</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.7%</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>3.0%</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>142,045</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.5%</B></FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>-38.8%</B></FONT></TD></TR>
  <TR style="HEIGHT: 20px" height=20>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 0.2in" width="36%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>Securities</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>2,142,009</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>7.9%</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>8,992,048</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>28.5%</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>319.8%</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>7,944,697</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>27.2%</B></FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>-11.6%</B></FONT></TD></TR>
  <TR style="HEIGHT: 20px" height=20>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 0.2in" width="36%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>Accounts
      receivables - subsidiaries</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>62</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.0%</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>73,583</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.2%</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>118,582.3%</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>13,798</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.0%</B></FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>-81.2%</B></FONT></TD></TR>
  <TR style="HEIGHT: 20px" height=20>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 0.2in" width="36%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>Accounts
      receivables - third parties</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>744,339</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>2.8%</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>1,012,974</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>3.2%</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>36.1%</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>1,172,517</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>4.0%</B></FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>15.7%</B></FONT></TD></TR>
  <TR style="HEIGHT: 20px" height=20>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 0.2in" width="36%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>Inventory</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>2,740,526</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>10.1%</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>3,622,775</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>11.5%</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>32.2%</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>2,588,946</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>8.9%</B></FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>-28.5%</B></FONT></TD></TR>
  <TR style="HEIGHT: 20px" height=20>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 0.2in" width="36%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>IP/CSLL to
      offset</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>14,342</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.1%</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>128,055</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0,4%</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>792.9%</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>438,483</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>1.5%</B></FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>242.4%</B></FONT></TD></TR>
  <TR style="HEIGHT: 20px" height=20>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 0.2in" width="36%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>Deferred
      IP/CSLL</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>512,076</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>1.9%</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>739,227</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>2,3%</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>44.4%</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>749,272</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>2.6%</B></FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>1.4%</B></FONT></TD></TR>
  <TR style="HEIGHT: 20px" height=20>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 0.2in" width="36%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>Dividens proposed
      receivable</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.0%</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>42,890</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0,1%</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.0%</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.0%</B></FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>-100.0%</B></FONT></TD></TR>
  <TR style="HEIGHT: 20px" height=20>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 0.2in" width="36%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>Financial
      instruments - equity swap</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>1,472,134</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>5.4%</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>2,473,976</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>7,9%</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>68.1%</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.0%</B></FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>-100.0%</B></FONT></TD></TR>
  <TR style="HEIGHT: 20px" height=20>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 0.2in" width="36%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>Other</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>538,521</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>2.0%</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>1,011,107</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>3,2%</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>87.8%</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>518,836</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>1.8%</B></FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>-48.7%</B></FONT></TD></TR>
  <TR height=20>
    <TD style="BORDER-LEFT: #000000 1px solid" width="36%">&nbsp;</TD>
    <TD align=right width="8%"></TD>
    <TD align=right width="8%"></TD>
    <TD align=right width="8%"></TD>
    <TD align=right width="8%"></TD>
    <TD align=right width="8%"></TD>
    <TD align=right width="8%"></TD>
    <TD align=right width="8%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="8%">&nbsp;&nbsp;</TD></TR>
  <TR>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #004080" width="36%"><FONT style="FONT-SIZE: 8pt" face=Arial><B><FONT color=#ffffff>Non-current</FONT></B></FONT></TD>
    <TD style="BACKGROUND-COLOR: #004080" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B><FONT color=#ffffff>18,656,101</FONT></B></FONT></TD>
    <TD style="BACKGROUND-COLOR: #004080" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B><FONT color=#ffffff>59.2%</FONT></B></FONT></TD>
    <TD style="BACKGROUND-COLOR: #004080" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B><FONT color=#ffffff>13,168,739</FONT></B></FONT></TD>
    <TD style="BACKGROUND-COLOR: #004080" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B><FONT color=#ffffff>41,8%</FONT></B></FONT></TD>
    <TD style="BACKGROUND-COLOR: #004080" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B><FONT color=#ffffff>0.0%</FONT></B></FONT></TD>
    <TD style="BACKGROUND-COLOR: #004080" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B><FONT color=#ffffff>15,598,630</FONT></B></FONT></TD>
    <TD style="BACKGROUND-COLOR: #004080" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B><FONT color=#ffffff>53.5%</FONT></B></FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #004080" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B><FONT color=#ffffff>18.5%</FONT></B></FONT></TD></TR>
  <TR>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 0.2in" width="36%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>Deferred
      IP/CSLL</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>622,434</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>2.3%</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>753,831</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>2,4%</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>21.1%</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>1,112,299</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>3.8%</B></FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>47.6%</B></FONT></TD></TR>
  <TR>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 0.2in" width="36%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>Other
      taxes</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>212,000</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.8%</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>302,831</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>1,0%</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>42.8%</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>236,852</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.8%</B></FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>-21.8%</B></FONT></TD></TR>
  <TR>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 0.2in" width="36%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>Loans -
      Eletrobr&#225;s</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>26,538</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.1%</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0,0%</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>-100.0%</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.0%</B></FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.0%</B></FONT></TD></TR>
  <TR>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 0.2in" width="36%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>Credit with
      subsidiaries</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.0%</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0,0%</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.0%</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>479,120</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>1.6%</B></FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.0%</B></FONT></TD></TR>
  <TR>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 0.2in" width="36%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>Court
      deposits</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>694,733</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>2.6%</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>740,341</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>2,4%</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>6.6%</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>1,214,670</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>4.2%</B></FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>64.1%</B></FONT></TD></TR>
  <TR>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 0.2in" width="36%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>Securities
      receivable</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>234,445</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.9%</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>376,374</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>1,2%</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>60.5%</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>212,486</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.7%</B></FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>-43.5%</B></FONT></TD></TR>
  <TR>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 0.2in" width="36%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>Securities</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>108,547</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.4%</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>23,370</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0,1%</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>-78.5%</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.0%</B></FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>-100.0%</B></FONT></TD></TR>
  <TR>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 0.2in" width="36%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>Prepaid
      expenses</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>128,968</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.5%</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>125,011</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0,4%</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>-3.1%</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>105,921</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.4%</B></FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>-15.3%</B></FONT></TD></TR>
  <TR>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 0.2in" width="36%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>Other</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>150,042</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.6%</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>192,414</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0,6%</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>28.2%</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>278,814</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>1.0%</B></FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>44.9%</B></FONT></TD></TR>
  <TR>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 0.2in" width="36%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>Investments</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>956,281</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>3.5%</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>1,512</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0,0%</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>-99.8%</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>321,889</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>1.1%</B></FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>21,189.0%</B></FONT></TD></TR>
  <TR>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 0.2in" width="36%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>Property, plant and
      equipment</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>15,295,642</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>56.6%</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>10,083,777</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>32,0%</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>-34.1%</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>11,145,530</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>38.2%</B></FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>10.5%</B></FONT></TD></TR>
  <TR>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 0.2in" width="36%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>Intangible
      assets</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.0%</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>526,796</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>1,7%</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.0%</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>457,580</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>1.6%</B></FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>-13.1%</B></FONT></TD></TR>
  <TR>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 0.2in" width="36%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>Deferred</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>226,471</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.8%</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>42,482</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0,1%</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>-81.2%</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>33,469</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.1%</B></FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>-21.2%</B></FONT></TD></TR>
  <TR height=20>
    <TD style="BORDER-LEFT: #000000 1px solid" width="36%">&nbsp;</TD>
    <TD align=right width="8%"></TD>
    <TD align=right width="8%"></TD>
    <TD align=right width="8%"></TD>
    <TD align=right width="8%"></TD>
    <TD align=right width="8%"></TD>
    <TD align=right width="8%"></TD>
    <TD align=right width="8%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="8%">&nbsp;&nbsp; </TD></TR>
  <TR height=20>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #004080" width="36%"><FONT style="FONT-SIZE: 8pt" face=Arial><B><FONT color=#ffffff>TOTAL ASSETS</FONT></B></FONT></TD>
    <TD style="BACKGROUND-COLOR: #004080" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B><FONT color=#ffffff>27,045,454</FONT></B></FONT></TD>
    <TD style="BACKGROUND-COLOR: #004080" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B><FONT color=#ffffff>100.0%</FONT></B></FONT></TD>
    <TD style="BACKGROUND-COLOR: #004080" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B><FONT color=#ffffff>31,497,439</FONT></B></FONT></TD>
    <TD style="BACKGROUND-COLOR: #004080" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B><FONT color=#ffffff>100.0%</FONT></B></FONT></TD>
    <TD style="BACKGROUND-COLOR: #004080" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B><FONT color=#ffffff>0.0%</FONT></B></FONT></TD>
    <TD style="BACKGROUND-COLOR: #004080" align=right width="8%">
      <P align=right><FONT style="FONT-SIZE: 8pt" face=Arial><B><FONT color=#ffffff>29,167,224</FONT></B></FONT></P></TD>
    <TD style="BACKGROUND-COLOR: #004080" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B><FONT color=#ffffff>100.0%</FONT></B></FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #004080" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B><FONT color=#ffffff>-7.4%</FONT></B></FONT></TD></TR>
  <TR height=20>
    <TD style="BORDER-LEFT: #000000 1px solid" width="36%">&nbsp;</TD>
    <TD align=right width="8%"></TD>
    <TD align=right width="8%"></TD>
    <TD align=right width="8%"></TD>
    <TD align=right width="8%"></TD>
    <TD align=right width="8%"></TD>
    <TD align=right width="8%">
      <P align=right></P></TD>
    <TD align=right width="8%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="8%">&nbsp;&nbsp; </TD></TR>
  <TR height=20>
    <TD style="BORDER-LEFT: #000000 1px solid" width="36%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>LIABILITIES</B></FONT></TD>
    <TD align=right width="8%"></TD>
    <TD align=right width="8%"></TD>
    <TD align=right width="8%"></TD>
    <TD align=right width="8%"></TD>
    <TD align=right width="8%"></TD>
    <TD align=right width="8%">
      <P align=right></P></TD>
    <TD align=right width="8%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="8%">&nbsp;&nbsp; </TD></TR>
  <TR style="HEIGHT: 20px" height=20>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 0.2in" width="36%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>Current
      Liabilities</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>6,837,363</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>25.3%</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>9,663,228</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>30.6%</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.0%</B></FONT></TD>
    <TD align=right width="8%">
      <P align=right><FONT style="FONT-SIZE: 8pt" face=Arial><B>5,128,196</B></FONT></P></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>17.6%</B></FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>-46.8%</B></FONT></TD></TR>
  <TR style="HEIGHT: 20px" height=20>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 0.2in" width="36%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>Suppliers</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>1,386,789</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.0</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>1,939,205</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.1</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>44.0%</B></FONT></TD>
    <TD align=right width="8%">
      <P align=right><FONT style="FONT-SIZE: 8pt" face=Arial><B>504,223</B></FONT></P></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>1.7%</B></FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>-74.0%</B></FONT></TD></TR>
  <TR style="HEIGHT: 20px" height=20>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 0.2in" width="36%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>Loans and
      financing</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>1,407,981</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.1</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>2,916,759</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.1</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>107.2%</B></FONT></TD>
    <TD align=right width="8%">
      <P align=right><FONT style="FONT-SIZE: 8pt" face=Arial><B>1,160,407</B></FONT></P></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>4.0%</B></FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>-60.2%</B></FONT></TD></TR>
  <TR style="HEIGHT: 20px" height=20>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 0.2in" width="36%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>Debentures</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>413,220</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.0</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>44,428</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.0</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>-89.2%</B></FONT></TD>
    <TD align=right width="8%">
      <P align=right><FONT style="FONT-SIZE: 8pt" face=Arial><B>30,659</B></FONT></P></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.1%</B></FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>-31.0%</B></FONT></TD></TR>
  <TR style="HEIGHT: 20px" height=20>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 0.2in" width="36%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>Accounts
      Payable</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.0</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>36,261</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.0</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.0%</B></FONT></TD>
    <TD align=right width="8%">
      <P align=right><FONT style="FONT-SIZE: 8pt" face=Arial><B>74,691</B></FONT></P></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.3%</B></FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>106.0%</B></FONT></TD></TR>
  <TR style="HEIGHT: 20px" height=20>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 0.2in" width="36%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>Wages and social
      contributions</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>110,313</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.0</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>117,994</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.0</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>7.0%</B></FONT></TD>
    <TD align=right width="8%">
      <P align=right><FONT style="FONT-SIZE: 8pt" face=Arial><B>134,190</B></FONT></P></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.5%</B></FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>13.7%</B></FONT></TD></TR>
  <TR style="HEIGHT: 20px" height=20>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 0.2in" width="36%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>Taxes
      Payable</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>596,361</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.0</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>333,811</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.0</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>-44.0%</B></FONT></TD>
    <TD align=right width="8%">
      <P align=right><FONT style="FONT-SIZE: 8pt" face=Arial><B>336,804</B></FONT></P></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>1.2%</B></FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.9%</B></FONT></TD></TR>
  <TR style="HEIGHT: 20px" height=20>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 0.2in" width="36%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>Taxes paid in
      installments</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>206,106</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.0</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>249,930</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.0</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>21.3%</B></FONT></TD>
    <TD align=right width="8%">
      <P align=right><FONT style="FONT-SIZE: 8pt" face=Arial><B>582,190</B></FONT></P></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>2.0%</B></FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>132.9%</B></FONT></TD></TR>
  <TR style="HEIGHT: 20px" height=20>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 0.2in" width="36%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>Provision - pension
      fund</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>51,120</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.0</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>54,818</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.0</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>7.2%</B></FONT></TD>
    <TD align=right width="8%">
      <P align=right><FONT style="FONT-SIZE: 8pt" face=Arial><B>57,158</B></FONT></P></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.2%</B></FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>4.3%</B></FONT></TD></TR>
  <TR style="HEIGHT: 20px" height=20>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 0.2in" width="36%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>Dividends proposed
      and&nbsp;&nbsp;interest on shareholders' equity
payable&nbsp;</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>2,115,881</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.1</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>1,709,642</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.1</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>-15.4%</B></FONT></TD>
    <TD align=right width="8%">
      <P align=right><FONT style="FONT-SIZE: 8pt" face=Arial><B>1,562,085</B></FONT></P></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>5.4%</B></FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>-12.8%</B></FONT></TD></TR>
  <TR style="HEIGHT: 20px" height=20>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 0.2in" width="36%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>Contingent
      liabilities, net of court deposits</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>75,064</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.0</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>91,710</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.0</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>22.2%</B></FONT></TD>
    <TD align=right width="8%">
      <P align=right><FONT style="FONT-SIZE: 8pt" face=Arial><B>83,642</B></FONT></P></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.3%</B></FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>-9.0%</B></FONT></TD></TR>
  <TR style="HEIGHT: 20px" height=20>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 0.2in" width="36%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>Financial
      instruments - equity swap</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.0</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>1,596,394</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.1</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.0%</B></FONT></TD>
    <TD align=right width="8%">
      <P align=right><FONT style="FONT-SIZE: 8pt" face=Arial><B>0</B></FONT></P></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.0%</B></FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>-100.0%</B></FONT></TD></TR>
  <TR style="HEIGHT: 20px" height=20>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 0.2in" width="36%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>Other</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>514,528</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.0</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>461,276</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.0</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>-10.3%</B></FONT></TD>
    <TD align=right width="8%">
      <P align=right><FONT style="FONT-SIZE: 8pt" face=Arial><B>602,327</B></FONT></P></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>2.1%</B></FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>30.6%</B></FONT></TD></TR>
  <TR height=20>
    <TD style="BORDER-LEFT: #000000 1px solid" width="36%">&nbsp;</TD>
    <TD align=right width="8%"></TD>
    <TD align=right width="8%"></TD>
    <TD align=right width="8%"></TD>
    <TD align=right width="8%"></TD>
    <TD align=right width="8%"></TD>
    <TD align=right width="8%">
      <P align=right></P></TD>
    <TD align=right width="8%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="8%">&nbsp;&nbsp; </TD></TR>
  <TR height=20>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #004080" width="36%"><FONT style="FONT-SIZE: 8pt" face=Arial><B><FONT color=#ffffff>Non-current</FONT></B></FONT></TD>
    <TD style="BACKGROUND-COLOR: #004080" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B><FONT color=#ffffff>12,665,830</FONT></B></FONT></TD>
    <TD style="BACKGROUND-COLOR: #004080" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B><FONT color=#ffffff>46.8%</FONT></B></FONT></TD>
    <TD style="BACKGROUND-COLOR: #004080" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B><FONT color=#ffffff>15,201,662</FONT></B></FONT></TD>
    <TD style="BACKGROUND-COLOR: #004080" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B><FONT color=#ffffff>48.3%</FONT></B></FONT></TD>
    <TD style="BACKGROUND-COLOR: #004080" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B><FONT color=#ffffff>0.0%</FONT></B></FONT></TD>
    <TD style="BACKGROUND-COLOR: #004080" align=right width="8%">
      <P align=right><FONT style="FONT-SIZE: 8pt" face=Arial><B><FONT color=#ffffff>18,445,535</FONT></B></FONT></P></TD>
    <TD style="BACKGROUND-COLOR: #004080" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B><FONT color=#ffffff>63.2%</FONT></B></FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #004080" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B><FONT color=#ffffff>21.3%</FONT></B></FONT></TD></TR>
  <TR style="HEIGHT: 20px" height=20>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 0.2in" width="36%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>Loans and
      financing&nbsp; </B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>6,289,941</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.2</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>8,040,773</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.3</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>27.8%</B></FONT></TD>
    <TD align=right width="8%">
      <P align=right><FONT style="FONT-SIZE: 8pt" face=Arial><B>12,547,840</B></FONT></P></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>43.0%</B></FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>51.6%</B></FONT></TD></TR>
  <TR style="HEIGHT: 20px" height=20>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 0.2in" width="36%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>Debentures</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>640,950</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.0</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>632,760</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.0</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>-1.3%</B></FONT></TD>
    <TD align=right width="8%">
      <P align=right><FONT style="FONT-SIZE: 8pt" face=Arial><B>624,570</B></FONT></P></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>2.1%</B></FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>-1.3%</B></FONT></TD></TR>
  <TR style="HEIGHT: 20px" height=20>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 0.2in" width="36%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>Provision, net of
      court deposits</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>2,461,472</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.1</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>2,521,551</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.1</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>2.4%</B></FONT></TD>
    <TD align=right width="8%">
      <P align=right><FONT style="FONT-SIZE: 8pt" face=Arial><B>1,568,996</B></FONT></P></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>5.4%</B></FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>-37.8%</B></FONT></TD></TR>
  <TR style="HEIGHT: 20px" height=20>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 0.2in" width="36%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>Deferred
      IR/CSLL</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>2,068,614</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.1</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.0</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>-100.0%</B></FONT></TD>
    <TD align=right width="8%">
      <P align=right><FONT style="FONT-SIZE: 8pt" face=Arial><B>28,325</B></FONT></P></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.1%</B></FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.0%</B></FONT></TD></TR>
  <TR style="HEIGHT: 20px" height=20>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 0.2in" width="36%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>Taxes paid in
      installments</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>773,585</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.0</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>795,052</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.0</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>2.8%</B></FONT></TD>
    <TD align=right width="8%">
      <P align=right><FONT style="FONT-SIZE: 8pt" face=Arial><B>437,231</B></FONT></P></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>1.5%</B></FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>-45.0%</B></FONT></TD></TR>
  <TR style="HEIGHT: 20px" height=20>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 0.2in" width="36%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>Provision for
      investment losses</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.0</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.0</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.0%</B></FONT></TD>
    <TD align=right width="8%">
      <P align=right><FONT style="FONT-SIZE: 8pt" face=Arial><B>-72</B></FONT></P></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.0%</B></FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.0%</B></FONT></TD></TR>
  <TR style="HEIGHT: 20px" height=20>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 0.2in" width="36%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>Accounts payable
      from subsidiaries</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.0</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>2,878,200</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.1</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.0%</B></FONT></TD>
    <TD align=right width="8%">
      <P align=right><FONT style="FONT-SIZE: 8pt" face=Arial><B>2,980,772</B></FONT></P></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>10.2%</B></FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>3.6%</B></FONT></TD></TR>
  <TR style="HEIGHT: 20px" height=20>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 0.2in" width="36%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>Other</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>431,268</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.0</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>333,286</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.0</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>-22.7%</B></FONT></TD>
    <TD align=right width="8%">
      <P align=right><FONT style="FONT-SIZE: 8pt" face=Arial><B>257,903</B></FONT></P></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.9%</B></FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>-22.6%</B></FONT></TD></TR>
  <TR height=20>
    <TD style="BORDER-LEFT: #000000 1px solid" width="36%">&nbsp;</TD>
    <TD align=right width="8%"></TD>
    <TD align=right width="8%"></TD>
    <TD align=right width="8%"></TD>
    <TD align=right width="8%"></TD>
    <TD align=right width="8%"></TD>
    <TD align=right width="8%">
      <P align=right></P></TD>
    <TD align=right width="8%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="8%">&nbsp;&nbsp; </TD></TR>
  <TR height=20>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #004080" width="36%"><FONT style="FONT-SIZE: 8pt" face=Arial><B><FONT color=#ffffff>Minority shareholders</FONT></B></FONT></TD>
    <TD style="BACKGROUND-COLOR: #004080" align=right width="8%"></TD>
    <TD style="BACKGROUND-COLOR: #004080" align=right width="8%"></TD>
    <TD style="BACKGROUND-COLOR: #004080" align=right width="8%"></TD>
    <TD style="BACKGROUND-COLOR: #004080" align=right width="8%"></TD>
    <TD style="BACKGROUND-COLOR: #004080" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B><FONT color=#ffffff>0.0%</FONT></B></FONT></TD>
    <TD style="BACKGROUND-COLOR: #004080" align=right width="8%">
      <P align=right><FONT style="FONT-SIZE: 8pt" face=Arial><B><FONT color=#ffffff>83,060</FONT></B></FONT></P></TD>
    <TD style="BACKGROUND-COLOR: #004080" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B><FONT color=#ffffff>0.3%</FONT></B></FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #004080" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B><FONT color=#ffffff>0.0%</FONT></B></FONT></TD></TR>
  <TR height=20>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #004080" width="36%"><FONT style="FONT-SIZE: 8pt" face=Arial><B><FONT color=#ffffff>Shareholders' Equity</FONT></B></FONT></TD>
    <TD style="BACKGROUND-COLOR: #004080" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B><FONT color=#ffffff>7,542,21</FONT></B></FONT></TD>
    <TD style="BACKGROUND-COLOR: #004080" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B><FONT color=#ffffff>27.9%</FONT></B></FONT></TD>
    <TD style="BACKGROUND-COLOR: #004080" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B><FONT color=#ffffff>6,662,589</FONT></B></FONT></TD>
    <TD style="BACKGROUND-COLOR: #004080" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B><FONT color=#ffffff>21.2%</FONT></B></FONT></TD>
    <TD style="BACKGROUND-COLOR: #004080" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B><FONT color=#ffffff>0.0%</FONT></B></FONT></TD>
    <TD style="BACKGROUND-COLOR: #004080" align=right width="8%">
      <P align=right><FONT style="FONT-SIZE: 8pt" face=Arial><B><FONT color=#ffffff>5,510,433</FONT></B></FONT></P></TD>
    <TD style="BACKGROUND-COLOR: #004080" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B><FONT color=#ffffff>18.9%</FONT></B></FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #004080" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B><FONT color=#ffffff>-17.3%</FONT></B></FONT></TD></TR>
  <TR style="HEIGHT: 20px" height=20>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 0.2in" width="36%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>Paid in capital
      stock</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>1,680,974</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.1</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>1,680,947</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.1</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.0%</B></FONT></TD>
    <TD align=right width="8%">
      <P align=right><FONT style="FONT-SIZE: 8pt" face=Arial><B>1,680,947</B></FONT></P></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>5.8%</B></FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.0%</B></FONT></TD></TR>
  <TR style="HEIGHT: 20px" height=20>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 0.2in" width="36%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>Capital
      reserves</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>30</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.0</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>30</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.0</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.0%</B></FONT></TD>
    <TD align=right width="8%">
      <P align=right><FONT style="FONT-SIZE: 8pt" face=Arial><B>30</B></FONT></P></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.0%</B></FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.0%</B></FONT></TD></TR>
  <TR style="HEIGHT: 20px" height=20>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 0.2in" width="36%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>Revaluation
      reserves</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>4,585,553</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.2</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.0</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>-100.0%</B></FONT></TD>
    <TD align=right width="8%">
      <P align=right><FONT style="FONT-SIZE: 8pt" face=Arial><B>0</B></FONT></P></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.0%</B></FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.0%</B></FONT></TD></TR>
  <TR style="HEIGHT: 20px" height=20>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 0.2in" width="36%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>Profit
      reserves</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>1,275,731</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.0</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>4,781,485</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.2</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>274.8%</B></FONT></TD>
    <TD align=right width="8%">
      <P align=right><FONT style="FONT-SIZE: 8pt" face=Arial><B>4,211,770</B></FONT></P></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>14.4%</B></FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>-11.9%</B></FONT></TD></TR>
  <TR style="HEIGHT: 20px" height=20>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 0.2in" width="36%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>Equity
      pick-up</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.0</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>200,127</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.0</B></FONT></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>0.0%</B></FONT></TD>
    <TD align=right width="8%">
      <P align=right><FONT style="FONT-SIZE: 8pt" face=Arial><B>-382,314</B></FONT></P></TD>
    <TD align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>-1.3%</B></FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B>-291.0%</B></FONT></TD></TR>
  <TR height=20>
    <TD style="BORDER-LEFT: #000000 1px solid" width="36%">&nbsp;</TD>
    <TD align=right width="8%"></TD>
    <TD align=right width="8%"></TD>
    <TD align=right width="8%"></TD>
    <TD align=right width="8%"></TD>
    <TD align=right width="8%"></TD>
    <TD align=right width="8%">
      <P align=right></P></TD>
    <TD align=right width="8%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="8%">&nbsp;&nbsp; </TD></TR>
  <TR height=20>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #004080" width="36%"><FONT style="FONT-SIZE: 8pt" face=Arial><B><FONT color=#ffffff>Total Liabilities and Shareholder'
    Equity</FONT></B></FONT></TD>
    <TD style="BACKGROUND-COLOR: #004080" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B><FONT color=#ffffff>27,045,454</FONT></B></FONT></TD>
    <TD style="BACKGROUND-COLOR: #004080" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B><FONT color=#ffffff>100.0%</FONT></B></FONT></TD>
    <TD style="BACKGROUND-COLOR: #004080" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B><FONT color=#ffffff>31,497,439</FONT></B></FONT></TD>
    <TD style="BACKGROUND-COLOR: #004080" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B><FONT color=#ffffff>100%</FONT></B></FONT></TD>
    <TD style="BACKGROUND-COLOR: #004080" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B><FONT color=#ffffff>0.0%</FONT></B></FONT></TD>
    <TD style="BACKGROUND-COLOR: #004080" align=right width="8%">
      <P align=right><FONT style="FONT-SIZE: 8pt" face=Arial><B><FONT color=#ffffff>29,167,224</FONT></B></FONT></P></TD>
    <TD style="BACKGROUND-COLOR: #004080" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B><FONT color=#ffffff>100.0%</FONT></B></FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #004080" align=right width="8%"><FONT style="FONT-SIZE: 8pt" face=Arial><B><FONT color=#ffffff>-7.4%</FONT></B></FONT></TD></TR>
  <TR height=20>
    <TD style="BORDER-LEFT: #000000 1px solid" width="36%">&nbsp;</TD>
    <TD width="8%"></TD>
    <TD width="8%"></TD>
    <TD width="8%"></TD>
    <TD width="8%"></TD>
    <TD width="8%"></TD>
    <TD width="8%">
      <P></P></TD>
    <TD width="8%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" width="8%">&nbsp;</TD></TR></TABLE>
<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 style="HEIGHT: 19.45pt">
    <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: 19.45pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><B><U><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">Comparison of the Main Equity Accounts on
      December 31, 2009 and December 31, 2008</FONT></U></B></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><U><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">Current Assets</FONT></U></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><I><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">Cash and Cash Equivalents</FONT></I><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">: These consist of the cash and securities
      accounts in the Company&#146;s consolidated financial statements. On December
      31, 2009, cash and cash equivalents came to R$8,087 million, 12.3% down on
      the R$9,224 million recorded on December 31, 2008. This negative variation
      of R$1,137 million was mainly due to financing activities and investments,
      especially: new loans amounting to R$7,671 million that were used, among
      others, as follows: a) R$2,280 million in capital expenses; b) R$4,518
      million in loan amortizations and interest payments; c) R$2,027 million in
      dividends and interest on equity paid to shareholders.</FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><I><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">Trade accounts receivable</FONT></I><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">: On December 31, 2009, trade accounts
      receivable totaled R$1,173 million, 15.7% more than in 2008, mainly due to
      the interruption of export advances in 2009.</FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><I><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">Inventories</FONT></I><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">: On December 31, 2009, CSN&#146;s inventories
      came to R$2,588 million, 28.5% down on December 2008, primarily due to the
      buoyant market in the second half of 2009, driven by increased sales, with
      a consequent reduction in inventories.</FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><I><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">Financial Instruments &#150; Equity
      Swap</FONT></I><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">: On August 13, 2009, CSN settled an Equity
      Swap on the price of its ADRs, and consequently received the net amount of
      the guarantee margin of this operation.</FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><U><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">Non-Current Assets</FONT></U></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><I><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">Deferred taxes</FONT></I><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">: On December 31, 2009, the non-current
      deferred taxes account amounted to R$1,112 million, 47% more than in 2008,
      due to the long-term portion of the tax benefit from the merger of Big
      Jump Energy Participa&#231;&#245;es S.A., totaling R$598 million, partially offset
      by the R$242 million decline in temporary differences.</FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><I><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">Credits with subsidiaries</FONT></I><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">: On January 28, 2009, the Company entered
      into a loan agreement with the jointly-owned subsidiary Nacional Min&#233;rios
      S.A. in the amount of R$1,198 million, remunerated at market value and
      maturing in 2012. Due to the Company&#146;s proportional consolidation of 60%
      of Nacional Min&#233;rios S.A., the amount corresponding to the 40%
      non-consolidated interest was recorded as a credit with subsidiaries
      totaling R$437 million.</FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><I><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">Court deposits</FONT></I><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">: On December 31, 2009, court deposits with
      no corresponding contingency provisions totaled R$1,214 million, 64.1% up
      on 2008 due to deposits made for tax contingencies in June 2009, referring
      to IPI (federal VAT) premium credit on exports and social contribution on
      net income from exports.</FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><I><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">Investments</FONT></I><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">: On December 31, 2009 investments totaled
      R$322 million, basically resulting from the acquisition of a 14.99%
      interest in Riversdale Mining Limited.</FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><I><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">Property, Plant and Equipment</FONT></I><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">: On December 31, 2009, property, plant and
      equipment amounted to R$11,146 million, 10.5% up on December 31, 2008, due
      to period acquisitions totaling R$1,997 million, partially offset by
      depreciation.</FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><I><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">Intangible assets</FONT></I><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">: On December 31, 2009, intangible assets
      totaled R$458 million, essentially comprising&nbsp; goodwill based on
      future profitability, 13.1% less than in 2008 due to the write-off of
      R$76.6 million in goodwill based on expected profitability due to
      impairment. </FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><U><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">Liabilities </FONT></U></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><I><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">Suppliers</FONT></I><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">: On December 31, 2009, the suppliers balance
      amounted to R$504 million, 74% down on 2008, due to alterations in
      supplier payment terms.</FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><I><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">Loans, Financing and
      Debentures</FONT></I><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">: On December 31, 2009, the Company&#146;s short-
      and long-term debt totaled R$14,363 million, 23.5% up on 2008 due to funds
      raised in 2009. </FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><I><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">Contingent liabilities net of court
      deposits</FONT></I><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">: On December 31, 2009, this item amounted to
      R$1,652 million, 37% less than in 2008, mainly due to adherence to the
      REFIS tax recovery program instituted by Law 11,941/09, and Executive
      Order 470/09, which reduced the amount of fines, interest and legal
      charges on the contingencies included in the REFIS.
  </FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter173"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">173</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_174></A>
<a name="_bclPageBorder174"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader174"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<DIV align=center>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; MARGIN-LEFT: 2.45pt; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 19.45pt">
    <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; HEIGHT: 19.45pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><I><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">Accounts payable from
      subsidiaries</FONT></I><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">: On December 31, 2009, the balance of this
      item amounted to R$2,981 million, 3.6% up on December 31, 2008 and
      referring to advances from clients received from the jointly-owned
      subsidiary Nacional Min&#233;rios S.A. These advances were due to CSN&#146;s
      contractual obligation to supply iron ore and port services. </FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><I><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">Shareholders&#146; Equity</FONT></I><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">: Shareholders&#146; equity amounted to R$5,510
      million on December 31, 2009, 17% down on 2008, chiefly due to: (i) the
      2009 result, net of dividends proposed and paid and interest on equity;
      (ii) the cumulative effect of the conversion of the financial statements
      of the Company&#146;s overseas subsidiaries and unrealized earnings in
      inventories.</FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><B><U><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">Comparison of the Main Equity Accounts on
      December 31, 2008 and December 31, 2007</FONT></U></B></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><U><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">Current Assets</FONT></U></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><I><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">Cash and Cash Equivalents</FONT></I><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">: These consist of the cash and securities
      accounts, pursuant to Note 6 to the Company&#146;s consolidated financial
      statements. On December 31, 2008, cash and cash equivalents came to
      R$9,224 million, 289.7% up on the R$2,367 million recorded on December 31,
      2007. This positive variation of R$6,857 million was mainly due to
      following factors:</FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">In 2008 operating cash flow totaled R$3,984
      million, partially offset by the use of R$3,449 million in investing
      activities. Additional cash flow of R$4,037 million came from the sale of
      a 40% interest in Nacional Min&#233;rios S.A. in 2008, and R$861 million from a
      U.S. dollar foreign exchange cash gain. </FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><I><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">Trade accounts receivable</FONT></I><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">: On December 31, 2008, trade accounts
      receivable totaled R$1,086 million, 36% more than in 2007, mainly due to
      higher steel prices, partially offset by the reduction in sales volume at
      the end of 2008 as a result of the economic crisis.</FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><I><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">Inventories</FONT></I><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">: On December 31, 2008, CSN&#146;s inventories
      amounted to R$3,622 million, 32% up on December 31, 2007, primarily due to
      higher raw material prices and the decline in sales at the end of
      2008.</FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><I><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">Financial Instruments &#150; Equity
      Swap</FONT></I><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">: The Company had a Total Return Equity Swap
      contracted on December 31, 2008, as detailed in the financial statements
      for that year.&nbsp; On December 31, 2007, the balance of the
      corresponding asset was R$1,472 million. On December 31, 2008, with the
      reduction in the price of its ADRs, the Company recorded a loss in this
      item and, as a consequence, the asset value was reversed, with the
      recognition of accounts payable (liabilities) in the amount of R$1,596
      million. </FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">The amount of R$2,474 million, equivalent to
      US$1,058 million booked under assets on December 31, 2008 refers to a
      margin guarantee deposit in the same amount.</FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><I><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">Deferred tax assets</FONT></I><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">: On December 31, 2008, the deferred tax
      account totaled R$1,492 million, 31.6% more than in 2007, basically due to
      deferred taxes on tax loss credits in the fourth quarter of
      2008.</FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><I><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">Securities</FONT></I><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">: The reduction in the balance was due to
      provisions for the loss of the debentures issued in 2002 by CBL -
      Companhia Brasileira de Latas.</FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><I><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">Investments</FONT></I><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">: On December 31, 2008, investments totaled
      R$1.5 million, 99.8% down on December 31, 2007, due to the
      reclassification of goodwill to the intangible assets account, pursuant to
      CPC 04. </FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><I><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">Property, plant and equipment</FONT></I><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">: On December 31, 2008, property, plant and
      equipment totaled R$10,083 million, 34% less than in December 31, 2007,
      due to: (i) fixed asset write-offs of R$6,432 million following the
      adoption of Law 11638/07; (ii) period acquisitions totaling R$2,305
      million; (iii) the R$840 million reduction in period depreciation.
      </FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><I><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">Intangible assets</FONT></I><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">: On December 31, 2008, intangible assets
      amounted to R$527 million, basically due to the transfer of goodwill
      pursuant to CPC04. </FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><U><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">Liabilities </FONT></U></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><I><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">Suppliers</FONT></I><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">: On December 31, 2008, the suppliers balance
      totaled R$1,939 million, 44% more than on December 31, 2007, due to longer
      deadlines for the purchase of raw materials at the end of 2008, also
      impacted by the appreciation of the dollar against the Real.
  </FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center></DIV>
<a name="_bclFooter174"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">174</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_175></A>
<a name="_bclPageBorder175"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader175"></a><DIV>&nbsp;</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 style="HEIGHT: 19.45pt">
    <TD style="BORDER-RIGHT: #000000 1px solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #000000 1px solid; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #000000 1px solid; PADDING-TOP: 0in; HEIGHT: 19.45pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><I><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">Loans, financings and
      debentures</FONT></I><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">: On December 31, 2008, the loans and
      financings balance totaled R$11,635 million, 33% up on December 31, 2007,
      due to the contracting of US$963.0 million in ACCs (export advances) to
      roll over short-term loans. The long-term upturn was due to the increase
      in pre-payment, fixed-rate note and BNDES/FINAME operations, and the
      appreciation of the dollar against the Real. The Company also settled the
      second series of debentures issued on December 1, 2003, in line with the
      maturities determined in the indenture.</FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><I><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">Deferred tax liabilities -
      long-term</FONT></I><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">: In 2007, the balance of this item was
      R$2,069 million, fully reversed due to the reversal of the revaluation
      reserve following the adoption of Law 11,638/07.</FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><I><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">Accounts payable from
      subsidiaries</FONT></I><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">: On December 31, 2008, the balance of this
      item amounted to R$2,878 million, referring to advances from clients
      received from the jointly-owned subsidiary Nacional Min&#233;rios S.A. These
      advances were due to CSN&#146;s contractual obligation to supply iron ore and
      port services. </FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><I><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">Shareholders&#146; Equity:</FONT></I><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif"> Shareholders&#146; equity amounted to R$6,662
      million on December 31, 2008, 11.66% down on 2007, basically due to: (i)
      the 2008 result, net of dividends proposed and paid and interest on
      equity; (ii) the adoption of the new CPCs; (iii) the cumulative effect of
      the conversion of the financial statements of the Company&#146;s overseas
      subsidiaries and unrealized earnings in unsold inventories.</FONT></P>
      <P style="MARGIN: 6pt 0in 6pt 0.05in; TEXT-ALIGN: justify"><B><U><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">Cash Flows (consolidated) - R$
      thousand</FONT></U></B></P></TD></TR></TABLE>
<TABLE style="FONT-SIZE: 9pt; WIDTH: 100%; FONT-FAMILY: '''''''''''''''''''''''''''''''''''Times New Roman'''''''''''''''''''''''''''''''''''" cellSpacing=0 border=0>

  <TR height=20>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=left bgColor=#d8d8d8><B><FONT size=3>&nbsp;</FONT></B></TD>
    <TD style="BACKGROUND-COLOR: #ffffff" align=middle bgColor=#d8d8d8><B><FONT size=3></FONT></B></TD>
    <TD style="BACKGROUND-COLOR: #ffffff" align=middle bgColor=#d8d8d8><B><FONT size=3></FONT></B></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #ffffff" align=middle bgColor=#d8d8d8><B><FONT size=3>&nbsp;</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left bgColor=#d8d8d8><B><FONT size=3>Cash Flow</FONT></B>&nbsp;</TD>
    <TD align=middle bgColor=#d8d8d8><B><FONT size=3>2009</FONT></B>&nbsp;</TD>
    <TD align=middle bgColor=#d8d8d8><B><FONT size=3>2008</FONT></B>&nbsp;</TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; TEXT-INDENT: 1px" align=middle bgColor=#d8d8d8><B><FONT size=3>2007</FONT></B>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left><FONT size=1>Net
      cash from operating activities</FONT>&nbsp;</TD>
    <TD align=right><FONT size=1>3,370</FONT>&nbsp;</TD>
    <TD align=right><FONT size=1>3,983,934</FONT>&nbsp;</TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right><FONT size=1>4,022,792</FONT>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left><FONT size=1>Cash
      flow used in investment activities</FONT>&nbsp;</TD>
    <TD align=right><FONT size=1>(1,350,473)</FONT>&nbsp;</TD>
    <TD align=right><FONT size=1>(3,449,854)</FONT>&nbsp;</TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right><FONT size=1>(3,504,580)</FONT>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left><FONT size=1>Net
      cash from financing activities</FONT>&nbsp;</TD>
    <TD align=right><FONT size=1>1,510,476</FONT>&nbsp;</TD>
    <TD align=right><FONT size=1>5,461,331</FONT>&nbsp;</TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right><FONT size=1>(283,581)</FONT>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left><FONT size=1>Foreign
      exchange variation on cash and cash equivalents</FONT>&nbsp;</TD>
    <TD align=right><FONT size=1>(1,300,744)</FONT>&nbsp;</TD>
    <TD align=right><FONT size=1>861,349</FONT>&nbsp;</TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left bgColor=#1f497d><B><FONT color=#ffffff size=2>Increase (reduction) of cash
      and cash equivalents</FONT></B>&nbsp;</TD>
    <TD align=right bgColor=#1f497d><B><FONT color=#ffffff size=2>(1,137,371)</FONT></B>&nbsp;</TD>
    <TD align=right bgColor=#1f497d><B><FONT color=#ffffff size=2>6,856,760</FONT></B>&nbsp;</TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right bgColor=#1f497d><B><FONT color=#ffffff size=2>234,631</FONT></B>&nbsp;</TD></TR></TABLE>
<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 style="HEIGHT: 19.45pt">
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid">
      <P style="MARGIN: 6pt 0in 6pt 0.05in; TEXT-ALIGN: justify"><B><U><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">Comparison between 2008 and
      2009</FONT></U></B></P>
      <P style="MARGIN: 6pt 0in 6pt 0.05in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">The Company&#146;s cash flows derive basically
      from operating activities and can change accordance with changes in
      operating revenue, selling costs, operating expenses and the financial
      result.</FONT></P>
      <P style="MARGIN: 6pt 0in 6pt 0.05in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">Net operating cash flow fell to R$3 million
      in 2009 from R$3,984 million in 2008, mainly due to the R$2,519 million
      reduction in net income after adjustment for non-cash effects, in turn
      caused by the R$2,789 reduction in gross profit as a result of the global
      economic crisis. There was also an R$849 million increase in working
      capital in 2009, due to a reduction in the deadlines for payments to
      suppliers. </FONT></P>
      <P style="MARGIN: 6pt 0in 6pt 0.05in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">Cash flow used in investment activities fell
      to R$1,350 million in 2009 from R$3,450 million in the previous year,
      mainly due to gains from swap operations totaling R$2,325 million. In
      addition, court deposits increased by R$408 million (IPI premium credit on
      exports and social contribution on exports). Capital expenditures fell by
      R$309 million, partially offset by the investment in Riversdale Mining
      Limited at the end of 2009. </FONT></P>
      <P style="MARGIN: 6pt 0in 6pt 0.05in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">Cash flow from financing activities fell to
      R$1,510 million in 2009 from R$5,461 million in 2008, largely due to
      R$4,037 million from the sale of a 40% interest in Nacional Min&#233;rios S.A.
      in 2008. </FONT></P>
      <P style="MARGIN: 6pt 0in 6pt 0.05in; TEXT-ALIGN: justify"><B><U><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">Comparison between 2007 and
      2008</FONT></U></B></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">The main cash flow variations between 2007
      and 2008 occurred in financing activities, mainly due to: the R$4,037
      million gain from the sale of a 40% interest in Nacional Min&#233;rios S.A. in
      2008; the R$3,547 million increase in funding, offset by the R$1,589
      million upturn in dividend payments. The appreciation of the dollar
      against the Real in 2008 also had a positive cash
  impact.</FONT></P></TD></TR></TABLE></DIV>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter175"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">175</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_176></A>
<a name="_bclPageBorder176"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader176"></a><DIV><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">10.2 Management should comment
on:</FONT></I></B></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=center>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 24.05pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 24.05pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">a) results of the
      Company&#146;s operations, particularly:</FONT></I></B></P></TD></TR>
  <TR style="HEIGHT: 19.45pt">
    <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: 19.45pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(i) Description of
      any important sources of revenue</FONT></I></B></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Companhia Sider&#250;rgica
      Nacional is a highly integrated company whose operations cover the entire
      steel production chain, from the mining of iron ore to the production and
      sale of coils, tinplate and steel packaging. It also has interests in
      railways, port terminals, cement production and power
      generation.&nbsp;&nbsp;&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Founded in 1941, it
      began operations in 1946, pioneering the production of flat steel in
      Brazil. Privatized in 1993, it was entirely restructured, becoming one of
      the world&#146;s most competitive and profitable steelmakers.&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Thanks to its
      integrated production system and exemplary management, CSN&#146;s production
      costs are among the lowest in the global steel sector. </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.
      Mining</FONT></B></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.1. Iron
      ore</FONT></B></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN&#146;s Casa de Pedra
      mine, located in Congonhas, Minas Gerais, supplies the Company with the
      iron ore it needs to produce steel. With proven and probable reserves of
      more than 1.6 billion tonnes, Casa de Pedra has a current annual
      production capacity of 21 million tonnes of high-quality iron
      ore.</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The mine produced
      17.1 million tonnes in 2009, 18.8 million tonnes in 2008 and 15.0 million
      tonnes in 2007. </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">At the beginning of
      2007 the Company entered the seaborne iron ore market, with its first
      shipment leaving the port terminal in Itagua&#237; (Tecar). </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">In July 2007, the
      Company, through its wholly-owned subsidiary Nacional Min&#233;rios S.A.,
      acquired Companhia de Fomento Mineral, located in the state of Minas
      Gerais, whose mines are in the vicinity of the Casa de Pedra mine,
      effectively increasing its productive capacity.&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It is important to
      note that Nacional Min&#233;rios S.A. was a wholly-owned Company subsidiary
      until December 29, 2008. On December 30, 2008 a consortium comprising
      ITOCHU Corporation, JFE Steel Corporation, Nippon Steel Corporation,
      Sumitomo Metal Industries, Ltd., Kobe Steel, Ltd., Nisshin Steel Co, Ltd.
      and POSCO, acquired 40% of the voting and total capital of Nacional
      Min&#233;rios S.A.</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Most of the Company&#146;s
      net revenue from iron ore sales comes from exports, chiefly to Asia
      (especially China). The Company has consolidated its position as an
      important player in the seaborne iron ore market, becoming Brazil&#146;s second
      largest iron ore producer together with Nacional Min&#233;rios S.A. </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.2.
      Limestone</FONT></B></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Arcos mine, in
      Pedreira da Bocaina, Minas Gerais, is responsible for supplying the
      limestone and dolomite consumed by the Company&#146;s Presidente Vargas
      Steelworks in Volta Redonda.&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">As of October 2010,
      following the Company&#146;s entry into the cement market in 2009 through the
      construction of a plant in Volta Redonda adjacent to the Presidente Vargas
      facility, the Arcos mine will also be supplying limestone for the
      production of clinker, an important cement input. </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Annual limestone
      production is estimated at 4 million tonnes, with reduced investments in
      the current installations, mainly focused on the conveyor belt transport
      system. </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">As a result, the Company&#146;s activities will
      become even more integrated through the verticalization of production,
      thereby further enhancing its competitiveness and
      profitability</FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">. </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.3.
      Tin</FONT></B></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Tin, a tinplate raw
      material, is produced by ERSA - Estanho de Rond&#244;nia S.A., a Company
      subsidiary which owns the Santa B&#225;rbara tin mine in Itapu&#227; do Oeste and a
      smelting plant in Ariquemes, both in the state of
  Rond&#244;nia.</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center></DIV>
<a name="_bclFooter176"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">176</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_177></A>
<a name="_bclPageBorder177"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader177"></a><DIV>&nbsp;</DIV>
<DIV align=center>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 19.45pt">
    <TD style="BORDER-RIGHT: #000000 1px solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #000000 1px solid; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #000000 1px solid; PADDING-TOP: 0in; HEIGHT: 19.45pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.
      Steelmaking</FONT></B></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">Dominating the entire steel production chain,
      the Company supplies many segments of the industry with a diversified
      range of high value-added products. It produces various types of
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">coated
      </FONT><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">galvanized </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">steels that are
      resistant to corrosion and less susceptible to international market price
      swings.</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company&#146;s main
      markets are the automotive, construction, distribution, home appliance,
      OEM (capital goods, engines, etc), and metal packaging industries.
      </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company has five
      galvanizing production lines in Brazil: three in the Presidente Vargas
      Steelworks, in Volta Redonda, one in GalvaSud, in Porto Real (Rio de
      Janeiro) and another in the Paran&#225; facility, in Arauc&#225;ria, which also has
      cold-rolling and pre-painting facilities. </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company also has
      two overseas subsidiaries: CSN LLC, based in Terre Haute, Indiana, USA,
      which produces cold-rolled and galvanized products, and Lusosider
      Projectos Sider&#250;rgicos S.A., in Paio Pires, Portugal, which also produces
      coated steel. </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company is
      Brazil&#146;s sole producer of tinplate, most of which is absorbed by the
      packaging industry, and one of the five largest producers in the world,
      with an installed capacity of 1 million tonnes per year. It also produces
      Galvalume, a zinc-and-aluminum-coated steel which combines high luster and
      durability, and pre-painted steel, both of which have several applications
      in the construction and home-appliance industries.&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.1 &#150; Presidente
      Vargas Steelworks</FONT></B></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">With an annual
      installed production capacity of 5.6 million tonnes of crude steel, the
      Company&#146;s Presidente Vargas Steelworks produced 4.4 million tonnes in
      2009, 5.0 million tonnes in 2008 and 5.3 million tonnes in
      2007.&nbsp;&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.2. Companhia
      Metalic Nordeste</FONT></B></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">A CSN subsidiary,
      Companhia Metalic Nordeste is Latin America&#146;s sole manufacturer of
      two-piece steel cans and aluminum lids for the beverage industry.
      Currently, it has a 5% share of the national beverage can market and a 38%
      share in the Northeast region. </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Companhia Metalic
      Nordeste sold 784 million 350 ml cans and 15.7 million 250 ml cans in
      2009, 818 million 350 ml cans in 2008 and 710 million 350 ml cans in 2007.
      </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.3 - Companhia
      Metal&#250;rgica Prada</FONT></B></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Packaging</FONT></B></P>
      <P style="MARGIN: 6pt 0in 0pt 1.95pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">Companhia Metal&#250;rgica Prada joined the group
      in 2006. Latin America&#146;s leading manufacturer of steel packaging, it has
      three plants located in S&#227;o Paulo (S&#227;o Paulo), Uberl&#226;ndia (Minas Gerais)
      and Pelotas (Rio Grande do Sul), and is an important client for the
      Company&#146;s tinplate</FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">.&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">Its production lines are equipped to deliver
      the high volumes and technical specifications demanded by the food,
      chemical and aerosol industries</FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">.</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">In 2009, Companhia
      Metal&#250;rgica Prada completed its three-year investment plan, totaling more
      than R$100 million. </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Distribution</FONT></B></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company operates
      in the distribution and services market through its distribution business
      unit, which maintains nationwide coverage through three service centers
      and seven distribution centers equipped to supply the vehicle, auto parts,
      home appliance, construction, machinery &amp; equipment, sugar &amp;
      ethanol, agricultural, resale and furniture industries. </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">As one of the largest
      companies in the flat steel processing and distribution segment, Companhia
      Metal&#250;rgica Prada&#146;s distribution unit sells a complete product line,
      adding value through its wide range of cutting, conformation and logistics
      services.</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Galvasud
      S.A.</FONT></B></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">On January 29, 2010,
      the Company incorporated its subsidiary GalvaSud S.A., which became a
      branch of the Company (CSN Porto Real), seeking to optimize processes and
      maximize results by centralizing the sales, operational and administrative
      activities of both companies under a single organizational
      structure.</FONT></P></TD></TR>
  <TR style="HEIGHT: 19.45pt">
    <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: 19.45pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN Porto Real is
      located in Porto Real, between Rio de Janeiro and S&#227;o Paulo, mainly
      serving the automotive sector and offering a wide range of world-class
      products and services. It has a hot galvanizing line and a cutting center,
      in addition to a state-of-the-art laser-welding facility</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">In 2009, production
      totaled 280,000 tonnes, 89% of which went to the automotive market, almost
      identical to the 282,000 tonnes recorded in 2008, despite the economic
      crisis in the first quarter of 2009. In 2007, output came to 302,000
      tonnes. </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN
LLC</FONT></B></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN LLC runs a
      cold-rolling and galvanizing facility in Indiana, USA, which produces
      galvanized and cold-rolled steel. In 2009, it produced 218,000 tonnes of
      cold-rolled and galvanized coils, versus 262,000 tonnes in 2008 and
      377,000 tonnes in 2007. </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Lusosider</FONT></B><B><I><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">
      </FONT></I></B><B><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Projectos Sider&#250;rgicos S.A.</FONT></B></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Installed in Paio
      Pires, Portugal, Lusosider Projectos Sider&#250;rgicos S.A. undertakes
      cold-rolling and hot-dip galvanizing. In 2009, it produced and sold
      197,000 tonnes of galvanized products on the European market, versus
      233,000 tonnes in 2008 and 369,000 tonnes in 2007.&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3. Logistics and
      energy</FONT></B></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Ports</FONT></B></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company manages
      two terminals in the Port of Itagua&#237;, in Rio de Janeiro: a bulk solids
      terminal (Tecar) and a container terminal (Sepetiba Tecon). </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">CSN is a major iron
      ore exporter and Tecar loads the seaborne ore shipments of the Company and
      Nacional Min&#233;rios S.A. and unloads coal, coke, sulphur and zinc
      concentrate for the Company and its clients. </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Sepetiba Tecon, the
      Company&#146;s container and general cargo terminal, is the largest container
      terminal in Rio de Janeiro state and one of the largest in Brazil.
      Sepetiba is a hub port for cargo and one of the pillars of the Company&#146;s
      logistics platform in Itagua&#237;. </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Railways</FONT></B></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company retains
      an interest in two railway companies: MRS Log&#237;stica S.A., which operates
      the former Southeastern Network of Rede Ferrovi&#225;ria Federal S.A. (RFFSA),
      in the Rio de Janeiro - S&#227;o Paulo - Belo Horizonte corridor, and
      Transnordestina Log&#237;stica S.A. (formerly Companhia Ferrovi&#225;ria do Nordeste
      - CFN) which operates the former Northeastern Network of Rede Ferrovi&#225;ria
      Federal S.A., in the states of Maranh&#227;o, Piau&#237;, Cear&#225;, Rio Grande do
      Norte, Para&#237;ba, Pernambuco and Alagoas. </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company holds a
      direct 22.93% interest in MRS Log&#237;stica S.A., as well as an indirect stake
      of 10.34%, giving it a total interest of 33.27%.</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">It has completed 13
      years of operations, recording expressive growth, and continues to present
      excellent results. </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">In 2009, in the
      container segment, MRS Log&#237;stica S.A. maintained its position as Brazil&#146;s
      leading rail carrier, transporting 60,000 containers, 32% down on 2008. In
      2007, it carried 81,000 containers.&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">MRS Log&#237;stica S.A.
      focuses most of its activities on heavy haul clients</FONT><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"> </FONT></I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(ore, coal and coke),
      who accounted for around 96 million tonnes of cargo in 2009, 75% of the
      total, as well as long-term agreements, new businesses and projects aimed
      at leveraging the company&#146;s growth. It transports all of the iron ore,
      coal and coke consumed by the Presidente Vargas Steelworks, as well as
      mining products and some of the steel produced by the Company for the
      domestic market and exports. </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">In partnership with
      the federal government, the Company is investing around R$5.4 billion in
      the construction of 1,728 km of new track to create Nova Transnordestina
      Log&#237;stica, which will play an essential role in the development of the
      Northeast region.</FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter177"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">177</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_178></A>
<a name="_bclPageBorder178"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader178"></a><DIV>&nbsp;</DIV>
<DIV align=center>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 19.45pt">
    <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; HEIGHT: 19.45pt" vAlign=top align=middle width="100%">
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Energy</FONT></B></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company is one of
      Brazil&#146;s largest industrial electric power consumers, behind only the
      aluminum producers. Consequently, it has been investing in power
      generation projects since 1999 in order to ensure self-sufficiency. Its
      generation assets are: a 29.5% interest in It&#225; Energ&#233;tica S.A., which owns
      the It&#225; Hydroelectric Power Plant, in Santa Catarina, corresponding to 167
      MW; a 17.9% interest in the 210 MW Igarapava Hydroelectric Power Plant, in
      Minas Gerais; and the 238 MW Thermoelectric Cogeneration Center, installed
      in the Presidente Vargas Steelworks, in Volta Redonda. This unit is fueled
      by the waste gases from the steel production process. All in all, the
      Company has a generating capacity of 428 MW, enough to meet all the
      group&#146;s power needs</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company is
      developing a project to install a top turbine on Blast Furnace 3 at the
      Presidente Vargas Steelworks, adding 20 MW to its current generating
      capacity, and is continuing to study other energy investments in order to
      keep pace with expansion and maintain its self-sufficiency. </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">4.
      Cement</FONT></B></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The cement industry
      complements steelmaking and supplies Brazil&#146;s entire construction sector,
      which is of fundamental importance for the country&#146;s economic development.
      The country&#146;s housing deficit is estimated at 7.2 million units.
      Currently, the Southeast region is responsible for consuming half of
      national cement output. In 2009, Brazil consumed around 50 million tonnes
      of cement. </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">The Company entered the cement market in
      2009, adding value to the slag generated during crude steel production.
      Its plant is located in Volta Redonda, adjacent to the Presidente Vargas
      Steelworks, which produces around 1.4 million tonnes of blast furnace slag
      per year. This slag is largely used in the production of type CP III
      cement, initiated in 2009 by CSN Cimentos S.A., which maintains two
      grinding lines in </FONT><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New (W1),serif">Volta Redonda.</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New (W1),serif">In 2009, CSN Cimentos S.A. produced and sold
      338,000 tonnes of cement, mainly in the Baixada Fluminense region, the
      south of Rio de Janeiro state, the Vale do Para&#237;ba and the S&#227;o Paulo
      Metropolitan Region, as well as the south of Minas Gerais state.&nbsp;
      </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">5. Net Revenue
      </FONT></B></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The following graph
      shows the Company&#146;s consolidated net revenue trends over the last three
      years:</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: center" align=center><IMG src="img3.jpg" align=center border=0> </P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;(ii) Factors
      that had a material effect on the operating results </FONT></I></B></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company&#146;s main
      sources of revenue are the production and sale of steel products and iron
      ore.&nbsp; Consequently, the level of economic activity in Brazil and
      abroad has a strong influence on its results.</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Most of the Company&#146;s
      steel sales take place in Brazil and results are therefore heavily
      dependent on the behavior of the domestic market, especially the
      steel-intensive sectors such as the automotive, home appliance and
      construction industries, which are in turn directly influenced by the
      availability and cost of consumer financing.&nbsp; Macroeconomic policy
      decisions, such as the fixing of interest rates, or others that affect
      credit, such as taxes and related mechanisms, are also constantly
      monitored.&nbsp; The impact of infrastructure works is also an important
      factor, whether related to specific events such as the World Cup or the
      Olympics, or to productive sectors, such as the oil and construction
      industries, the PAC (Accelerated Growth Program) and
  others.</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center></DIV>
<a name="_bclFooter178"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">178</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_179></A>
<a name="_bclPageBorder179"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader179"></a><DIV>&nbsp;</DIV>
<DIV align=center>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 19.45pt">
    <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; HEIGHT: 19.45pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company&#146;s
      business is also influenced by steel supply and demand worldwide, which
      determines prices and affects imports. Thanks to the ongoing global
      economic recovery, especially in the developing countries, particularly
      China, global steel capacity use is increasing. </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Similarly, mining
      results are directly influenced by global iron ore supply and demand. Most
      of the Company&#146;s net revenue from iron ore sales comes from exports,
      chiefly to Asia (especially China). </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">On the cost side,
      steel output is strongly impacted by exchange rates and the price of
      inputs, including coking coal, coke, pellets, aluminum, zinc and tin. In
      regard to mining and logistics (rail transport), the cost of diesel fuel
      is an important factor. In addition, given the Company&#146;s expansion
      projects, the cost of equipment and services, whether for implementation
      or operational continuity, is a fundamental variable that must be
      monitored.</FONT></P></TD></TR>
  <TR style="HEIGHT: 11pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 11pt" vAlign=center width="100%">
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">b) variations in
      revenue attributable to changes in prices, exchange rates, inflation,
      volumes and the launch of new products and
  services:</FONT></I></B></P></TD></TR>
  <TR style="HEIGHT: 19.45pt">
    <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: 19.45pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">In addition to
      international prices, domestic steel product prices are affected by
      interest rates, import tariffs and domestic supply and demand.&nbsp;
      </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Since most mining
      revenue comes from iron ore exports, prices are tied to international
      prices. </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Cement revenue is
      entirely in Reais, so results can be affected by variations in inflation.
      </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">As the Company&#146;
      assets are working at full capacity, maintaining excellent operating
      indicators is vital in delivering volume. In regard to the new investments
      in expansion, it will be imperative to comply with implementation and
      start-up schedules, especially in relation to environmental licensing and
      works contracting and management, given increased competition for
      resources. </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">As most of revenue
      comes from steel production and mining, the Company has quantified the
      effect of price and volume alterations on the results of these two
      segments. Given that cement operations began in 2009, revenue from this
      segment is still immaterial (less than 1% of the total). </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">In 2007, net revenue
      totaled R$11.4 billion, 84% of which, or R$9.5 billion, from the sale of
      steel products. Steel sales volume came to 5.4 million tonnes, 3.6 million
      of which on the domestic market and 1.8 million in exports.&nbsp; Mining
      net revenue amounted to R$0.7 billion, close to 6% of the total, from the
      sale of around 11 million tonnes of iron ore, split equally between the
      domestic and foreign markets.&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">In 2008, net revenue
      reached R$14.0 billion, with steel revenue accounting for 75%, or R$10.5
      billion. Steel sales volume stood at 4.9 million tonnes, 4.2 million of
      which on the domestic market and 0.7 million abroad. Net revenue from
      mining totaled R$2.1 billion, 15% of the total, from the sale of around 19
      million tonnes of iron ore, mainly on the overseas market. </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The R$2.6 billion, or
      22.4%, revenue increase over 2007 was mainly due to the R$1.0 billion
      upturn in revenue from steel products, thanks to higher prices, especially
      of hot-rolled, cold-rolled and galvanized items, which more than offset
      the 0.5 million tonne reduction in sales volume. The R$1.4 billion upturn
      in mining revenue was due to a combination of higher sale volume and an
      increase in international market prices.</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">In 2009, net revenue
      totaled R$11.0 billion, with steel production accounting for 72%, or R$7.9
      billion.&nbsp; Steel sales came to 4.1 million tonnes, 3.2 million of
      which on the domestic market and 0.9 million abroad.&nbsp; Net revenue
      from mining amounted to R$1.8 billion, 16% of the total, from the sale of
      around 21 million tonnes of iron ore, mainly on the overseas market.
      </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The R$3.02 billion,
      or 21.6%, net revenue decline over 2008 was mainly due to the 16% drop in
      steel product sales volume, due to reduced demand, in addition to lower
      prices in the first half of 2009. </FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center></DIV>
<a name="_bclFooter179"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">179</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_180></A>
<a name="_bclPageBorder180"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader180"></a><DIV>&nbsp;</DIV>
<DIV align=center>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 11pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 11pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">c) the impact of
      inflation, exchange and interest rates, and variations in the price of the
      main inputs and products on the Company&#146;s operating and financial
      results:</FONT></I></B></P></TD></TR>
  <TR style="HEIGHT: 19.45pt">
    <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: 19.45pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Some of the Company&#146;s
      costs and expenses are tied to the Real and contracts contain an
      inflationary adjustment clause.&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">As cited in item a),
      the price of certain inputs has a direct impact on the Company&#146;s results,
      notably:</FONT></P>
      <UL style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in" type=disc>
        <LI style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Coal, coke, pellets
        and metals, in the case of steel production, whose prices are
        dollar-pegged;</FONT>
        <LI style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Fuels, in the case
        of mining and rail transport; and</FONT>
        <LI style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Clinker, in the
        case of cement. </FONT></LI></UL>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Another important
      factor is the price of equipment and services, as the Company has a
      substantial investment project portfolio in all business areas.
</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><B><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Effects on the
      Company&#146;s operating result</FONT></U></B></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">In 2008, the cost of
      goods sold totaled R$7.02 billion, 5.2% up on 2007, mainly due to
      increased raw material costs and higher sales volume, partially offset by
      the positive impact of depreciation expenses, resulting from the reversal
      of the Company&#146;s asset revaluation reserve in 2008.</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">In addition to the
      variations in net revenue and the cost of goods sold, the Company's
      operating result was affected by the 23.8%, or R$1.27 billion, upturn in
      selling, general and administrative costs over 2007, mainly due to
      stepped-up steel product sales efforts on the domestic market, higher
      provisions for doubtful accounts and increased expenses with personnel and
      outsourced services. The 2008 operating result was also heavily influenced
      by the variation in Other Revenues/Expenses, which posted a positive
      result of R$3.9 billion, mainly due to a non-recurring gain of R$4.0
      billion in 2008, from the percentage variation in equity income from the
      sale of a 40% interest in Nacional Min&#233;rios S.A. </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">In 2009, the cost of
      goods sold fell by 3.3% over 2008 to R$6.79 billion, mainly due to the
      global economic crisis, which reduced sales volume and production. The
      reduction would have been even greater but for the carrying cost of
      certain raw materials, such as coking coal and coke, and the impact of the
      exchange devaluation on these inputs. </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">In addition to the
      variations in net revenue and the cost of goods sold, the Company's
      operating result was affected by the 7.7%, or R$1.37 billion, increase in
      selling, general and administrative expenses over 2008, mainly due to
      higher distribution costs and heightened sales efforts in 2009. Finally,
      the 2009 operating result was positively impacted by R$0.7 billion, from a
      non-recurring gain of R$0.8 billion as a result of the downstream merger
      of Big Jump Energy Participa&#231;&#245;es S.A. by Nacional Min&#233;rios S.A. In 2008,
      however, there was a non-recurring gain of R$4.0 billion from the
      percentage variation in equity income from the sale of a 40% interest in
      Nacional Min&#233;rios S.A. <BR></FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><B><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Effects on the Company&#146;s financial
      result</FONT></U></B></P>
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company&#146;s net financial result in 2008
      was negative by R$2.88 billion, chiefly due to the following
      factors:</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 8.5pt; TEXT-INDENT: -8.5pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 9pt" face=Wingdings>&#167;</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman"> </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Provisions for loan and financing charges
      totaling R$0.7 billion;</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 8.5pt; TEXT-INDENT: -8.5pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 9pt" face=Wingdings>&#167;</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman"> </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The monetary restatement of tax provisions at
      the basic SELIC rate in the amount of R$0.5 billion;</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 8.5pt; TEXT-INDENT: -8.5pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 9pt" face=Wingdings>&#167;</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman"> </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">A loss of approximately R$1.3 billion from
      the total return equity swap operation pegged to the price of the
      Company&#146;s ADRs, whose purpose was to swap interest rate returns for the
      variation in the price of the Company&#146;s ADRs.</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">In 2009, the net
      financial result was a negative R$0.2 billion, mainly due to:</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 8.5pt; TEXT-INDENT: -8.5pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 9pt" face=Wingdings>&#167;</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman"> </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Provisions for loan and financing charges
      totaling R$1.2 billion;</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 8.5pt; TEXT-INDENT: -8.5pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 9pt" face=Wingdings>&#167;</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman"> </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The monetary restatement of tax provisions in
      the amount of R$3.0 billion;</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">These negative
      effects were partially offset by a gain of R$0.9 billion from monetary and
      exchange variations, including the result of derivative operations, and
      returns of R$0.3 billion on financial
investments.</FONT></P></TD></TR></TABLE></DIV>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter180"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">180</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_181></A>
<a name="_bclPageBorder181"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader181"></a><DIV><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>10.3 Material effects on the Company&#146;s financial
statements and results caused by or expected to be caused by the following
events:</B></FONT></I></FONT></DIV>
<DIV align=center>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 11pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 11pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">a) the introduction
      or sale of an operating segment:</FONT></I></B></P></TD></TR>
  <TR style="HEIGHT: 19.45pt">
    <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: 19.45pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">In May 2009, the
      Company began producing cement at its grinding facility in Volta Redonda,
      selling a total of 338,000 tonnes in the year.</FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company expects
      to invest R$1.9 billion in this business in order to increase the Volta
      Redonda plant&#146;s grinding capacity to 2.8 million tonnes per year and
      install a new plant with an annual grinding capacity of 0.6 million tonnes
      in Arcos (MG), in addition to three other new plants in Brazil, each with
      an annual capacity of 1.0 million tonnes.&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Diversifying its
      steel production line, the Company is investing R$8.8 billion in the
      production of long steel in&nbsp; three plants, with total production of
      1.5 million tonnes per year.&nbsp;&nbsp; </FONT></P></TD></TR>
  <TR style="HEIGHT: 11pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 11pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">b) the creation,
      acquisition or sale of equity interest:</FONT></I></B></P></TD></TR>
  <TR style="HEIGHT: 19.45pt">
    <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: 19.45pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Acquisition of a
      minority interest in Riversdale Mining Limited</FONT></U></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>On
      November 24, 2009, the Company announced the approval, by its Board of
      Directors, of the acquisition of a minority interest in Riversdale Mining
      Limited, a mining firm whose shares are listed on the Australian Stock
      Exchange.&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>The
      transaction initially involved the acquisition of 28,750,598 shares,
      representing 14.99% of Riversdale Mining Limited. Subsequently, the
      Australian authorities permitted the acquisition of a further 2,482,729
      shares, increasing the Company&#146;s total interest to 16.1%. </FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>The
      price of the acquisition was six Australian dollars and ten cents (A$6.10)
      per share. </FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Acquisition of a
      minority interest in Panatl&#226;ntica S.A.</FONT></U></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>On
      January 8, 2010, the Company announced the approval, by its Board of
      Directors, of the acquisition of a minority interest in Panatl&#226;ntica S.A.,
      a publicly-held company whose object is the production, sale, import,
      export and processing of steel and metals. The interest acquired was
      formerly held by LP A&#231;os Com&#233;rcio e Participa&#231;&#245;es Ltda.&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>This
      transaction involved the acquisition of eight hundred and two thousand and
      sixty-nine (802,069) common shares representing 9.3963% of Panatl&#226;ntica
      S.A.&#146;s capital stock and the execution of related instruments. </FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><U><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black>Acquisition of Companhia de Fomento Mineral e Participa&#231;&#245;es -
      CFM</FONT></U></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">On July 20, 2007, the
      Company, through its wholly-owned subsidiary Nacional Min&#233;rios S.A.,
      acquired Companhia de Fomento Mineral, whose mines are located in Minas
      Gerais in the vicinity of the Casa de Pedra mine, thereby effectively
      increasing production capacity.&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black>Sale of
      interest in Nacional Min&#233;rios S.A. </FONT></U></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">On December 30, 2008,
      Big Jump Energy Participa&#231;&#245;es S.A., whose shareholders are ITOCHU
      Corporation, JFE Steel Corporation, Nippon Steel Corporation, Sumitomo
      Metal Industries, Ltd., Kobe Steel, Ltd., Nisshin Steel Co, Ltd. and
      POSCO, concluded the acquisition of 40% of the total and voting capital of
      Nacional Min&#233;rios S.A. for&nbsp; US$3.08 billion.</FONT><FONT style="FONT-SIZE: 12pt" face="Times New Roman,serif"> </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black>Of this
      total, approximately US$3.04 billion, equivalent to R$7,286,154 thousand,
      was used by Big Jump Energy </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Participa&#231;&#245;es to pay in shares subscribed in
      a capital increase of Nacional Min&#233;rios S.A. through an issue of new
      shares. </FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black>These
      amounts were used to pay the Company, in accordance with the run of mine
      sale contracts and agreements governing the provision of port services by
      the Company to Nacional Min&#233;rios S.A., pursuant to the terms
      therein.&nbsp; All agreements were negotiated under market terms and
      conditions. With the completion of the operation, the Company continued to
      hold 60% of the voting and total capital of Nacional Min&#233;rios
      S.A.</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center></DIV>
<a name="_bclFooter181"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">181</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_182></A>
<a name="_bclPageBorder182"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader182"></a><DIV>&nbsp;</DIV>
<DIV align=center>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 11pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 11pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">c) unusual events or
      operations:</FONT></I></B></P></TD></TR>
  <TR style="HEIGHT: 19.45pt">
    <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: 19.45pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif">On August 13, 2009, the Company settled an
      equity swap referenced to 29,684,400 of the Company's American Depositary
      Receipts (ADRs), contracted by CSN Madeira Ltda. and guaranteed by the
      Company. The operation was settled using the average market price of the
      Company&#146;s shares on the BM&amp;FBovespa in the 30 days immediately prior
      to the financial settlement date, in accordance with the terms of the
      Decision of the Securities and Exchange Commission Board &#150; Case
      RJ2009/5962.</FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Moreover, with the
      authorization of the Brazilian Securities and Exchange Commission, the
      Company acquired, through a private operation, 29,684,400 ADRs held by its
      counterparty for the settlement price, which were then converted into
      shares to be held in treasury. </FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Shareholders&#146;
      Meeting of September 14, 2009 unanimously approved the cancellation of the
      28,684,400 corresponding treasury
shares.</FONT></P></TD></TR></TABLE></DIV>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter182"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">182</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_183></A>
<a name="_bclPageBorder183"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader183"></a><DIV><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">10.4 &nbsp;Management should comment
on:</FONT></I></B></DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-VARIANT: small-caps"><B><FONT lang=PT-BR style="FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"></FONT></B></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; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 11pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 11pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">a) significant
      changes in accounting practices:</FONT></I></B></P></TD></TR>
  <TR style="HEIGHT: 19.45pt">
    <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: 19.45pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Initial adoption of
      Law 11,638/07</FONT></U></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif">The Company first adopted Law 11,638/07 and
      Executive Order 449/08 in the preparation of its financial statements for
      fiscal year 2008, pursuant to CVM Resolution 565/08, making initial
      adjustments to accrued income on the transition date, January 1, 2008,
      with no retroactive effects on the financial statements for fiscal year
      2007. The alterations introduced are changes in accounting practices, in
      accordance with Technical Pronouncement CPC 13 &#150; Initial Adoption of Law
      11,638/07.</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif">The main objective of these changes was to
      update Brazilian corporation law in order to ensure convergence of
      accounting practices adopted in Brazil with International Financial
      Reporting Standards (IFRS), ensuring that new accounting standards and
      procedures issued by the regulatory bodies are in conformity with
      international standards. </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif">Moreover, as a result of the passage of the
      aforementioned Law, several CPC pronouncements were edited and approved by
      the CVM in 2008 for mandatory application to the financial statements for
      the fiscal year ended December 31, 2008, thereby impacting the financial
      statements and notes to the financial statements of the Company and its
      subsidiaries, as follows:</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-INDENT: 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Reduction in the
      recoverable value of assets &#150; CPC 01</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Seeks to ensure that
      assets are not recorded at a value greater than that liable to be
      recovered during the time of use in the company&#146;s operations or from the
      future sale thereof. </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company and its
      subsidiaries analyzed the recorded values of their fixed, intangible and
      deferred assets (impairment tests). The recoverable value of the assets is
      greater than their book value and no losses were assessed as a result of
      depreciation to be recorded in the financial statements. </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-INDENT: 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Effects of changes in
      exchange and translation rates on financial statements &#150; CPC 02</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">According to the
      concepts described in Technical Pronouncement CPC 02, the Company&#146;s
      Administration defined the functional currency for subsidiaries inside
      Brazil as the Real. Lusosider Projectos Sider&#250;rgicos S.A. adopted the Euro
      as its functional currency, while several subsidiaries abroad use the Real
      as their functional currency. </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The adoption of CPC
      02 altered the following procedures:</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">a) exchange
      variations in investments in subsidiaries and independent affiliates that
      use a different currency from that of their controller will now be
      registered under shareholders' equity as accumulated conversion
      adjustments, which will be transferred to the result as the investments
      are made. Until 2007, exchange variations affected the result through
      equity income. </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">b) the balance sheets
      of investees in a stable economic environment with a functional currency
      that differs from that of the controller will now be translated using the
      monthly exchange rate, while other items in shareholders' equity will be
      translated using the historic rate. Previously, the year-end exchange rate
      was used to translate all items. </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-INDENT: 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Statement of cash
      flow &#150; CPC 03</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The purpose of the
      statements is to provide a basis for the evaluation of the company&#146;s
      capacity to generate cash and cash equivalents, as well as its liquidity
      needs during a given period of time. In previous fiscal years, the Company
      disclosed its statement of cash flow as supplementary information to the
      financial statements, in accordance with CVM guidelines.
  </FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center></DIV>
<a name="_bclFooter183"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">183</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_184></A>
<a name="_bclPageBorder184"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader184"></a><DIV>&nbsp;</DIV>
<DIV align=center>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 19.45pt">
    <TD style="BORDER-RIGHT: #000000 1px solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #000000 1px solid; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #000000 1px solid; PADDING-TOP: 0in; HEIGHT: 19.45pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in 0pt; TEXT-INDENT: 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Intangible assets &#150;
      CPC 04</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif">Intangible assets are appraised at their
      acquisition cost, deducting accumulated amortization and, when applicable,
      impairment. The Company&#146;s intangible assets are made up of software
      amortized in accordance with the useful life estimated by the Company and
      goodwill based on expectations of future profitability, tested on an
      annual basis or whenever the Company deems it necessary to do so.&nbsp;
      </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The balance of
      intangible assets in this account was registered under fixed and deferred
      assets and investments in previous fiscal years. </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-INDENT: 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Related parties &#150; CPC
      05</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The purpose of this
      Technical Pronouncement is to ensure that a company&#146;s financial statements
      contain the disclosures needed to establish the possibility that its
      financial position and result could have been affected by the existence of
      related parties and by the transactions and balances with said parties.
      </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company&#146;s related
      parties include its controller, Vicunha Siderurgia S.A., key
      administrative personnel, subsidiaries and jointly-owned subsidiaries, as
      well as other entities.&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-INDENT: 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Government subsidies
      and assistance &#150; CPC 07</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The purpose of this
      pronouncement is to guide the accounting registration and disclosure of
      investment subsidies, costing and other forms of government assistance.
      </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company&#146;s
      subsidiaries Inal Nordeste S.A. and Companhia Metalic Nordeste have
      certain fiscal incentives, which will be recognized when it is certain
      that they will comply with the conditions established and that the
      subsidies are receivable.&nbsp; The Company will recognize these amounts
      under equity income. </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-INDENT: 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Statement of added
      value &#150; CPC 09</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The main purpose of
      this pronouncement is to show the amount of wealth created by the Company
      and the distribution thereof. The Company standardized its statement of
      added value, pursuant to CVM Resolution 557/08, which approved the
      technical pronouncement.&nbsp; In previous fiscal years, the Company
      presented this statement as supplementary information to the financial
      statements. </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-INDENT: 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Adjustment to present
      value - CPC 12</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">This pronouncement
      specifies the procedures for calculating adjustments to present value at
      the time when assets and liabilities are recognized. </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">After analyzing the
      balances of monetary assets and liabilities, in addition to the discount
      rates based on market practices, the Company and its subsidiaries deemed
      the recognition of adjustments to present value as unnecessary, since said
      adjustments would have no material effect on the individual or
      consolidated financial statements. </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-INDENT: 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;Initial
      adoption of Law 11,638/07&#151;Executive Order 449/08 and CPC 13</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Law 11,638/07 and
      Executive Order 449/08 provided the opportunity for Brazil to converge
      with IFRS and led to some technical alterations that have enabled the
      change. The Executive Order, by introducing the pioneering distinction
      between accounting for corporate purposes and for fiscal purposes, allowed
      these international standards to be adopted by individual financial
      statements as well. It therefore became necessary to regulate the
      accounting alterations introduced by these two legal instruments and the
      Accounting Pronouncements derived from this convergence with international
      standards. </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The purpose of CPC
      Pronouncement 13 is to specify procedures for the initial adoption of the
      Law, the Executive Order and the Pronouncements. </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-INDENT: 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Financial
      instruments: recognition, measurement and presentation &#150; CPC 14</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">The Company and its subsidiaries contract
      financial instruments, the balances of which on the transaction date were
      reclassified to comply with the terms of CVM Resolution 566/08, which
      approved CPC 14.&nbsp; The adoption of this classification did not affect
      the measurement and recognition of financial instruments in the opening
      balance and the individual and consolidated financial statements dated
      December 31, 2008.</FONT></P></TD></TR>
  <TR style="HEIGHT: 19.45pt">
    <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: 19.45pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><U><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Changes in Practices in 2009</FONT></U></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-INDENT: 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Revision of issued
      pronouncements.</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">On January 28, 2010,
      the CVM approved revision no. 1 referring to CPC Pronouncements 02, 03,
      16, 26 and 36 and to OCPC Technical Orientation 01, issued by the
      Accounting Pronouncements Committee &#150; CPC through CVM Resolution
      624.</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">After analyzing the
      impact of these pronouncements, the Company concluded that, except for CPC
      2 (R1) &#150; Effects of changes in financial statement exchange and
      translation rates, the other reviews had no impact on the individual or
      consolidated financial statements. </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The main impacts of
      CPC 2(R1) are listed below:</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Change in the
      treatment of the companies Islands VII, Islands VIII, Islands IX, Islands
      X, Islands XI, Tangua and the International Investment Fund, which were
      previously treated as branches and are now registered as
      subsidiaries.</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Adjustments of
      monetary items characterized as net investments abroad, which were
      previously recorded in the shareholders' equity of the consolidated
      balance sheet only, are now booked by the parent company. </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">New Pronouncements,
      Interpretations and Guidelines Issued and Not Adopted.</FONT></U></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Within the process
      for the conversion of accounting practices adopted in Brazil to
      International Financial Reporting Standards (IFRS), several
      pronouncements, interpretations and guidelines were issued in 2009 for
      mandatory application in the fiscal year ended December 2010 and in the
      2009 financial statements to be disclosed together with the 2010
      statements, for comparative purposes. </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company is
      currently evaluating the potential effects of these pronouncements,
      interpretations and guidelines, which may have a material impact on the
      financial statements for the fiscal year ended December 31, 2009, to be
      presented in comparison with the financial statements for the year to end
      December 31, 2010, as well as in years to come. </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-INDENT: 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The consolidated
      financial statements for the next fiscal year will be prepared in
      compliance with CPC 37 &#150; Initial Adoption of International Accounting
      Standards, pursuant to CVM Rule 457 of July 13,
  2007.</FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter184"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">184</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_185></A>
<a name="_bclPageBorder185"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader185"></a><DIV>&nbsp;</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 style="HEIGHT: 11pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 11pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">b) significant
      effects of alterations in accounting practices:</FONT></I></B></P></TD></TR>
  <TR style="HEIGHT: 19.45pt">
    <TD style="BORDER-RIGHT: #000000 1px solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #000000 1px solid; PADDING-TOP: 0in; HEIGHT: 19.45pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The effects of
      changes in accounting practices on shareholders&#146; equity and the fiscal
      year ended December 31, 2008, are presented below:</FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-INDENT: 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Summary of the
      effects of Law 11,638/07 and Executive Order 449/08</FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;</FONT></P></TD></TR></TABLE>
<TABLE style="FONT-SIZE: 9pt; WIDTH: 100%; FONT-FAMILY: ''''''''''''''''''''''''''''''''''''''''''''''''Times New Roman''''''''''''''''''''''''''''''''''''''''''''''''" cellSpacing=0 border=0>

  <TR height=20>
    <TD style="BORDER-LEFT: #000000 1px solid" width="55%">&nbsp;</TD>
    <TD width="14%"></TD>
    <TD width="1%"></TD>
    <TD width="14%"></TD>
    <TD width="2%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" width="14%"><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" align=right width="45%" colSpan=5><B><FONT size=2>2008</FONT></B><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" align=middle width="45%" colSpan=5><B><FONT size=2>Consolidated</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=center align=middle width="14%"><FONT size=2>Final balance</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=middle width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=middle width="14%"><FONT size=2>Impacts from Law</FONT><BR><FONT size=2>11,638/07
      and MP</FONT><BR><FONT size=2>449/08</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=middle width="2%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" vAlign=center align=middle width="14%"><FONT size=2>Balance
      before</FONT><BR><FONT size=2>adjustments</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=left width="55%"><B><FONT size=2>ASSETS</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="2%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%"><B><FONT size=2>Current</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="14%"><B><FONT size=2>18,328,700</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="14%"><B><FONT size=2>(60,706)</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="2%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="14%"><B><FONT size=2>18,389,406</FONT></B><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Inventories</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>3,622,775</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>(60,706)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="2%"><SUP><FONT size=2>(2)</FONT></SUP><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>3,683,481</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Other</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD align=right width="14%"><FONT size=2>14,705,925</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="2%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="14%"><FONT size=2>14,705,925</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=left width="55%"><B><FONT size=2>Noncurrent</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="2%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%"><B><FONT size=2>Long-term assets</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="14%"><B><FONT size=2>2,514,172</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="2%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="14%"><B><FONT size=2>2,514,172</FONT></B><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=left width="55%"><B><FONT size=2>Permanent assets</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><B><FONT size=2>10,654,567</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><B><FONT size=2>(6,455,122)</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="2%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><B><FONT size=2>17,109,689</FONT></B><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Investment</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD align=right width="14%"><FONT size=2>1,512</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="2%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="14%"><FONT size=2>1,512</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Revaluation</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>10,083,777</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>(6,432,820)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="2%"><SUP><FONT size=2>(1)</FONT></SUP><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>16,516,597</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Intangible assets</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD align=right width="14%"><FONT size=2>526,796</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="2%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="14%"><FONT size=2>526,796</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Write-off of deferred charges
      related to 2007 balance</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>42,482</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>(22,302)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="2%"><SUP><FONT size=2>(5)</FONT></SUP><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>64,784</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%"><B><FONT size=2>TOTAL ASSETS</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="14%"><B><FONT size=2>31,497,439</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="14%"><B><FONT size=2>(6,515,829)</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="2%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" align=right width="14%"><B><FONT size=2>38,013,268</FONT></B><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=left width="55%"><B><FONT size=2>LIABILITIES</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="2%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%"><B><FONT size=2>Current</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="14%"><B><FONT size=2>9,633,228</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="2%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="14%"><B><FONT size=2>9,633,228</FONT></B><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=left width="55%"><B><FONT size=2>Noncurrent</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="2%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%"><B><FONT size=2>Long-term liabilities</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="14%"><B><FONT size=2>15,192,878</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="14%"><B><FONT size=2>(2,072,306)</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="2%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="14%"><B><FONT size=2>17,265,184</FONT></B><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Deferred income taxes/social
      contribution</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>(2,072,306)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="2%"><SUP><FONT size=2>(3)</FONT></SUP><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>2,072,306</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Other</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD align=right width="14%"><FONT size=2>15,192,878</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="2%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="14%"><FONT size=2>15,192,878</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=left width="55%"><B><FONT size=2>Deferred income</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><B><FONT size=2>8,744</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="2%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><B><FONT size=2>8,744</FONT></B><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%"><B><FONT size=2>Shareholders' equity</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="14%"><B><FONT size=2>6,662,589</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="14%"><B><FONT size=2>(4,443,522)</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="2%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="14%"><B><FONT size=2>11,106,111</FONT></B><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=left width="55%"><FONT size=2>Capital</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>1,680,947</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="2%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>1,680,947</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%"><B><FONT size=2>Adjustments to assets valuation</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="14%"><B><FONT size=2>1,298,729</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="14%"><B><FONT size=2>1,270,127</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="2%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="14%"><B><FONT size=2>28,602</FONT></B><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Reversal of foreign investees'
      exchange variation</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>1,270,127</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="2%"><FONT size=1>(6)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>(1,270,127)</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Adjustments to assets
      valuation, equity effects</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="2%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Adjustments to assets
      valuation</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>3,705,215</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>(5,459,117)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="2%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>4,641,659</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Reversal of revaluation
      reserve</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="14%"><FONT size=2>(6,432,820)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="2%"><SUP><FONT size=2>(1)</FONT></SUP><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="14%"><FONT size=2>6,432,820</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Reversal of income taxes/social
      contribution on revaluation reserve</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>2,072,306</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="2%"><FONT size=1>(3)</FONT><FONT size=1>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>(2,072,306)</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Reversal of prepayment
      intercompanies exchange variation</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD align=right width="14%"><FONT size=2>(730,502)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="14%"><FONT size=2>(730,502)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="2%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Reversal of intercompany loans
      variation</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>(713,955)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>(713,955)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="2%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Reversal of loan agreement
      exchange variation</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD align=right width="14%"><FONT size=2>(220,095)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="14%"><FONT size=2>(220,095)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="2%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Provision of deferred income
      taxes on adjustments to assets valuation</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>565,948</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>565,948</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="2%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Retained earnings (or
      accumulated losses)</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD align=right width="14%"><FONT size=2>(22,302)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="14%"><FONT size=2>(254,532)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="2%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="14%"><FONT size=2>281,146</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Reversal of recording of
      revaluation reserve</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>(425,979)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="2%"><SUP><FONT size=2>(2)</FONT></SUP><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>425,979</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Reversal of income taxes/social
      contribution on revaluation reserve</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="14%"><FONT size=2>144,833</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="2%"><FONT size=1>(4)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="14%"><FONT size=2>(144,833)</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Write-off of deferred charges
      related to 2007 balance</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>(22,302)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>(22,302)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="2%"><SUP><FONT size=2>(5)</FONT></SUP><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>In the income for the
      year</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="14%"><FONT size=2>5,774,149</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="14%"><FONT size=2>57,211</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="2%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" align=right width="14%"><FONT size=2>5,716,938</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=left width="55%"><B><FONT size=2>TOTAL LIABILITIES</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><B><FONT size=2>31,497,439</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><B><FONT size=2>(6,515,829)</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="2%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><B><FONT size=2>38,013,268</FONT></B><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR height=20>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%"><B><FONT size=2>&nbsp;</FONT></B></TD>
    <TD align=right width="14%"></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="14%"></TD>
    <TD align=left width="2%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="14%"><B><FONT size=2>&nbsp; </FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=left width="55%"><B><FONT size=2>NET REVENUE</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><B><FONT size=2>14,002,871</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="2%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><B><FONT size=2>14,002,871</FONT></B><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Cost of goods sold and services
      rendered</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD align=right width="14%"><FONT size=2>(6,976,382)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="14%"><FONT size=2>351,151</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="2%"><FONT size=1>(2)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="14%"><FONT size=2>(7,327,533)</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=left width="55%"><B><FONT size=2>GROSS OPERATING
      INCOME</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><B><FONT size=2>7,026,489</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><B><FONT size=2>351,151</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="2%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><B><FONT size=2>6,675,338</FONT></B><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%"><B><FONT size=2>OPERATING REVENUES AND EXPENSES</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="2%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Selling expenses</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>(775,624)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>2,777</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="2%"><FONT size=1>(2)</FONT><FONT size=1>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>(778,401)</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>General and administrative
      expenses</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD align=right width="14%"><FONT size=2>(498,159)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="14%"><FONT size=2>2,493</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="2%"><FONT size=1>(2)</FONT><FONT size=1>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="14%"><FONT size=2>(500,652)</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Other operating
      revenues</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>3,761,117</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>17,146</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="2%"><FONT size=1>(2)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>3,743,971</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%"><STRONG><FONT size=2>OPERATING INCOME BEFORE FINANCIAL
      EFFECTS</FONT></STRONG><FONT size=2>&nbsp;</FONT><STRONG><FONT size=2>AND
      INTERESTS</FONT></STRONG><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="14%"><B><FONT size=2>9,513,823</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="14%"><B><FONT size=2>373,567</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="2%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="14%"><B><FONT size=2>9,140,256</FONT></B><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=left width="55%"><B><FONT size=2>Financial income and
      expenses</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><B><FONT size=2>(3,179,300)</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="2%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><B><FONT size=2>(3,179,300)</FONT></B><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Foreign exchange variation from
      loans and intercompany operations</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD align=right width="14%"><B><FONT size=2>1,664,552</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="14%"><B><FONT size=2>1,664,552</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="2%"><FONT size=1>(7)</FONT><FONT size=1>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Foreign exchange variation from
      foreign investees</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>(1,270,127)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>(1,270,127)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="2%"><SUP><FONT size=2>(6)</FONT></SUP><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%"><FONT size=1><STRONG><FONT size=2>INCOME BEFORE INCOME AND
      SOCIAL</FONT></STRONG><FONT size=2>&nbsp;</FONT><STRONG><FONT size=2>CONTRIBUTION TAXES</FONT></STRONG></FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="14%"><B><FONT size=2>6,728,948</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="14%"><B><FONT size=2>767,992</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="2%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="14%"><B><FONT size=2>5,960,956</FONT></B><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Current income taxes/social
      contribution</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>(1,355,770)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>(144,833)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="2%"><SUP><FONT size=2>(4)</FONT></SUP><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>(1,210,937)</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Deferred income taxes/social
      contribution</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="14%"><FONT size=2>400,971</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="14%"><FONT size=2>(565,948)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="2%"><SUP><FONT size=2>(8)</FONT></SUP><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" align=right width="14%"><FONT size=2>966,919</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=left width="55%"><B><FONT size=2>NET INCOME FOR
      THEYEAR</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><B><FONT size=2>5,774,149</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><B><FONT size=2>57,211</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="2%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><B><FONT size=2>5,716,938</FONT></B><FONT size=2>&nbsp;</FONT></TD></TR></TABLE>
<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: 11pt">
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid" width="100%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></P>
      <P style="MARGIN: 0in 0in 3pt"><SUP><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">(1)</FONT></SUP><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Reversal of revaluation </FONT></P>
      <P style="MARGIN: 0in 0in 3pt"><SUP><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">(2)</FONT></SUP><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Installment referring to the reversal of
      depreciation of the revaluation</FONT></P>
      <P style="MARGIN: 0in 0in 3pt"><SUP><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">(3)</FONT></SUP><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"> Reversal of income tax and social
      contribution related to revaluation </FONT></P></TD></TR>
  <TR style="HEIGHT: 19.45pt">
    <TD style="BORDER-RIGHT: #000000 1px solid; PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #000000 1px solid; PADDING-TOP: 0in; HEIGHT: 19.45pt" vAlign=top width="100%">
      <P style="MARGIN: 0in 0in 3pt"><SUP><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">(4) </FONT></SUP><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Reversal of income tax and social
      contribution related to deprecation of the revaluation </FONT></P>
      <P style="MARGIN: 0in 0in 3pt"><SUP><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">(5) </FONT></SUP><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Write-off of revalued assets</FONT></P>
      <P style="MARGIN: 0in 0in 3pt"><SUP><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">(6)</FONT></SUP><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"> Write-off and reclassification of certain
      deferred asset items upon adoption of Law 11,638/07 </FONT></P>
      <P style="MARGIN: 0in 0in 3pt"><SUP><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">(7) </FONT></SUP><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Exchange variation of loans and financing
      with intercompany operations: fixed rate notes, intercompany and
      loans</FONT></P>
      <P style="MARGIN: 0in 0in 3pt"><SUP><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">(8) </FONT></SUP><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Income tax and social contribution related to
      exchange variation of loans and financing with intercompany operations
      </FONT></P>
      <P style="MARGIN: 0in 0in 3pt"><SUP><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">(9) </FONT></SUP><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Equity valuation adjustment</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Revision of issued
      pronouncements &#150; CPC 2R</FONT></U></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company analyzed
      the new pronouncements reviewed in 2009 and concluded that only CPC 2R
      would impact its individual or consolidated financial statements.
      </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The tables below show
      the impacts on the Company&#146;s balance sheet, income statement and
      statements of cash flow and added value. </FONT></P>
      <P style="MARGIN: 6pt 0in 6pt 0.5in; TEXT-INDENT: -0.25in"><FONT style="FONT-SIZE: 10pt" face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Assets
      and Liabilities</FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;</FONT></P></TD></TR></TABLE>
<TABLE style="FONT-SIZE: 9pt; WIDTH: 100%; FONT-FAMILY: '''''''''''''''''''''''''''''''''''''''''''''''''Times New Roman'''''''''''''''''''''''''''''''''''''''''''''''''" cellSpacing=0 border=0>

  <TR height=20>
    <TD style="BORDER-LEFT: #000000 1px solid" width="55%">&nbsp;</TD>
    <TD width="14%"></TD>
    <TD width="1%"></TD>
    <TD width="14%"></TD>
    <TD width="2%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" width="14%"><FONT size=1>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%">&nbsp;</TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" align=right width="45%" colSpan=5><B><FONT size=2>2008</FONT></B><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" align=right width="45%" colSpan=5><B><FONT size=2>Parent
      Company</FONT></B><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=center align=middle width="14%"><FONT size=2>Closing Balance</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=middle width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=middle width="14%"><FONT size=2>Adjustments from</FONT><BR><FONT size=2>Resolution 624/10</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=middle width="2%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" align=middle width="14%"><FONT size=2>Balance Prior to</FONT><BR><FONT size=2>Adjustments</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%" bgColor=#f2f2f2><B><FONT size=2>ASSETS</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="14%" bgColor=#f2f2f2><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%" bgColor=#f2f2f2></TD>
    <TD align=left width="14%" bgColor=#f2f2f2><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="2%" bgColor=#f2f2f2><FONT size=1>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=left width="14%" bgColor=#f2f2f2><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%"><B><FONT size=2>Current</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="14%"><B><FONT size=2>6,598,670</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="14%"><B><FONT size=2>(7,396,906)</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="2%"><FONT size=1>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="14%"><B><FONT size=2>13,995,576</FONT></B><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%" bgColor=#f2f2f2>
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Financial investments &#150;
      short-term</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD align=right width="14%" bgColor=#f2f2f2><FONT size=2>1,200,793</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="14%" bgColor=#f2f2f2><FONT size=2>(6,096,509)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="2%" bgColor=#f2f2f2><FONT size=1>(1)</FONT><FONT size=1>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="14%" bgColor=#f2f2f2><FONT size=2>7,297,302</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Other</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD align=right width="14%"><FONT size=2>5,397,877</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="14%"><FONT size=2>(1,300,397)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="2%"><FONT size=1>(1)</FONT><FONT size=1>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="14%"><FONT size=2>6,698,274</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%" bgColor=#f2f2f2><B><FONT size=2>Non-current</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="14%" bgColor=#f2f2f2><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%" bgColor=#f2f2f2></TD>
    <TD align=left width="14%" bgColor=#f2f2f2><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="2%" bgColor=#f2f2f2><FONT size=1>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=left width="14%" bgColor=#f2f2f2><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%"><B><FONT size=2>Long-term assets</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="14%"><B><FONT size=2>2,084,917</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="14%"><B><FONT size=2>(2,638,068)</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="2%"><FONT size=1>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="14%"><B><FONT size=2>4,722,985</FONT></B><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%" bgColor=#f2f2f2>
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Intercompany Loans</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD align=right width="14%" bgColor=#f2f2f2><FONT size=2>255,061</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="14%" bgColor=#f2f2f2><FONT size=2>(2,640,073)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="2%" bgColor=#f2f2f2><FONT size=1>(1)</FONT><FONT size=1>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="14%" bgColor=#f2f2f2><FONT size=2>2,895,134</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Other</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD align=right width="14%"><FONT size=2>1,829,856</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="14%"><FONT size=2>2,005</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="2%"><FONT size=1>(1)</FONT><FONT size=1>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="14%"><FONT size=2>1,827,851</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%" bgColor=#f2f2f2><B><FONT size=2>Permanent</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="14%" bgColor=#f2f2f2><B><FONT size=2>26,539,255</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="14%" bgColor=#f2f2f2><B><FONT size=2>7,237,848</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="2%" bgColor=#f2f2f2><FONT size=1>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="14%" bgColor=#f2f2f2><B><FONT size=2>19,301,407</FONT></B><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Investments</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD align=right width="14%"><FONT size=2>19,581,327</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="14%"><FONT size=2>7,237,848</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="2%"><FONT size=1>(1)</FONT><FONT size=1>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="14%"><FONT size=2>12,343,479</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%" bgColor=#f2f2f2>
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Other</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="14%" bgColor=#f2f2f2><FONT size=2>6,957,928</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%" bgColor=#f2f2f2></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="14%" bgColor=#f2f2f2><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="2%" bgColor=#f2f2f2><FONT size=1>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" align=right width="14%" bgColor=#f2f2f2><FONT size=2>6,957,928</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%"><B><FONT size=2>TOTAL ASSETS</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="14%"><B><FONT size=2>35,222,842</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="14%"><B><FONT size=2>(2,797,126)</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="2%"><FONT size=1>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 3px double" align=right width="14%"><B><FONT size=2>38,019,968</FONT></B><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%" bgColor=#f2f2f2><B><FONT size=2>LIABILITIES</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="14%" bgColor=#f2f2f2><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%" bgColor=#f2f2f2></TD>
    <TD align=left width="14%" bgColor=#f2f2f2><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="2%" bgColor=#f2f2f2><FONT size=1>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=left width="14%" bgColor=#f2f2f2><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%"><B><FONT size=2>Current</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="14%"><B><FONT size=2>7,072,347</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="14%"><B><FONT size=2>(361,032)</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="2%"><FONT size=1>(1)</FONT><FONT size=1>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="14%"><B><FONT size=2>7,433,379</FONT></B><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%" bgColor=#f2f2f2><B><FONT size=2>Non-current</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="14%" bgColor=#f2f2f2><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%" bgColor=#f2f2f2></TD>
    <TD align=left width="14%" bgColor=#f2f2f2><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="2%" bgColor=#f2f2f2><FONT size=1>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=left width="14%" bgColor=#f2f2f2><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%"><B><FONT size=2>Long-term liabilities</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="14%"><B><FONT size=2>21,402,033</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="14%"><B><FONT size=2>(2,436,094)</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="2%"><FONT size=1>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="14%"><B><FONT size=2>23,838,127</FONT></B><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%" bgColor=#f2f2f2>
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Loans and financing</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD align=right width="14%" bgColor=#f2f2f2><FONT size=2>17,299,432</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="14%" bgColor=#f2f2f2><FONT size=2>(2,448,378)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="2%" bgColor=#f2f2f2><FONT size=1>(1)</FONT><FONT size=1>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="14%" bgColor=#f2f2f2><FONT size=2>19,747,810</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Other</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD align=right width="14%"><FONT size=2>4,102,601</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="14%"><FONT size=2>12,284</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="2%"><FONT size=1>(1)</FONT><FONT size=1>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="14%"><FONT size=2>4,090,317</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%" bgColor=#f2f2f2><B><FONT size=2>Shareholders&#146; Equity</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="14%" bgColor=#f2f2f2><B><FONT size=2>6,748,462</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=left width="14%" bgColor=#f2f2f2><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="2%" bgColor=#f2f2f2><FONT size=1>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="14%" bgColor=#f2f2f2><B><FONT size=2>6,748,462</FONT></B><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Capital</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD align=right width="14%"><FONT size=2>1,680,947</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="2%"><FONT size=1>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="14%"><FONT size=2>1,680,947</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%" bgColor=#f2f2f2>
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Reserves</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD align=right width="14%" bgColor=#f2f2f2><FONT size=2>3,768,786</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=left width="14%" bgColor=#f2f2f2><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="2%" bgColor=#f2f2f2><FONT size=1>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="14%" bgColor=#f2f2f2><FONT size=2>3,768,786</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%"><B><FONT size=2>Asset valuation adjustment</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="2%"><FONT size=1>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%" bgColor=#f2f2f2>
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Reversal of intercompany
      foreign exchange variation</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD align=right width="14%" bgColor=#f2f2f2><FONT size=2>(730,502)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="14%" bgColor=#f2f2f2><FONT size=2>(730,502)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="2%" bgColor=#f2f2f2><FONT size=1>(2)</FONT><FONT size=1>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=left width="14%" bgColor=#f2f2f2><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Reversal of intercompany loan
      variation</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD align=right width="14%"><FONT size=2>(713,955)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="14%"><FONT size=2>(713,955)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="2%"><FONT size=1>(2)</FONT><FONT size=1>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%" bgColor=#f2f2f2>
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Reversal of foreign exchange
      intercompany loan variation</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD align=right width="14%" bgColor=#f2f2f2><FONT size=2>(220,095)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=right width="14%" bgColor=#f2f2f2><FONT size=2>(220,095)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="2%" bgColor=#f2f2f2><FONT size=1>(2)</FONT><FONT size=1>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=left width="14%" bgColor=#f2f2f2><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Provision for deferred IR/CSLL
      before asset valuation adjustments</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD align=right width="14%"><FONT size=2>565,947</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="14%"><FONT size=2>565,947</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="2%"><FONT size=1>(3)</FONT><FONT size=1>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%" bgColor=#f2f2f2>
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Other</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD align=right width="14%" bgColor=#f2f2f2><FONT size=2>1,298,729</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD align=left width="14%" bgColor=#f2f2f2><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="2%" bgColor=#f2f2f2><FONT size=1>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="14%" bgColor=#f2f2f2><FONT size=2>1,298,729</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Retained earnings /
      (Accumulated losses)</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD align=right width="14%"><FONT size=2>1,098,605</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="14%"><FONT size=2>1,098,605</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="2%"><FONT size=1>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%" bgColor=#f2f2f2>
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Net income for the
      year</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="14%" bgColor=#f2f2f2><FONT size=2>5,774,131</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%" bgColor=#f2f2f2></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="14%" bgColor=#f2f2f2><FONT size=2>1,098,605</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="2%" bgColor=#f2f2f2><FONT size=1>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" align=right width="14%" bgColor=#f2f2f2><FONT size=2>4,675,526</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%"><B><FONT size=2>TOTAL LIABILITIES</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="14%"><B><FONT size=2>35,222,842</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="14%"><B><FONT size=2>(2,797,126)</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="2%"><FONT size=1>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 3px double" align=right width="14%"><B><FONT size=2>38,019,968</FONT></B><FONT size=2>&nbsp;</FONT></TD></TR></TABLE>
<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: 11pt">
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>
<a name="_bclFooter185"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">185</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_186></A>
<a name="_bclPageBorder186"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader186"></a><DIV>&nbsp;</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 style="HEIGHT: 19.45pt">
    <TD style="BORDER-RIGHT: #000000 1px solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #000000 1px solid; PADDING-LEFT: 4.15pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #000000 1px solid; PADDING-TOP: 0in; HEIGHT: 19.45pt" vAlign=top align=left width="100%">
      <P style="MARGIN: 6pt 369.65pt 6pt 0in; TEXT-INDENT: 1.25pt; TEXT-ALIGN: left" align=center><FONT style="FONT-SIZE: 10pt" face=Symbol>&#183;</FONT><FONT 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;&nbsp;
      </FONT><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Result: </FONT></B></P>
      <P style="MARGIN: 6pt 369.65pt 6pt 19.25pt; TEXT-ALIGN: center" align=center>&nbsp;</P></TD></TR></TABLE>
<TABLE style="FONT-SIZE: 9pt; WIDTH: 100%; FONT-FAMILY: ''''''''''''''''''''''''''''''''''''''''''''''''''Times New Roman''''''''''''''''''''''''''''''''''''''''''''''''''" cellSpacing=0 border=0>

  <TR height=20>
    <TD style="BORDER-LEFT: #000000 1px solid" width="55%">&nbsp;</TD>
    <TD width="14%"></TD>
    <TD width="1%"></TD>
    <TD width="14%"></TD>
    <TD width="2%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" width="14%">&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%">&nbsp;</TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" align=right width="45%" colSpan=5><B><FONT size=2>2008</FONT></B><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" align=right width="45%" colSpan=5><B><FONT size=2>Parent
      Company</FONT></B><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=middle width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=middle width="1%"></TD>
    <TD align=middle width="14%"><FONT size=2>Adjustments of</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=middle width="2%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=middle width="14%"><FONT size=2>Balance prior to</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=middle width="14%"><FONT size=2>Closing balance</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=middle width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=middle width="14%"><FONT size=2>Resolution 624/10</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=middle width="2%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" align=middle width="14%"><FONT size=2>adjustments</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=left width="55%"><B><FONT size=2>NET REVENUE</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><B><FONT size=2>10,504,554</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="2%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><B><FONT size=2>10,504,554</FONT></B><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Cost of products and services
      sold</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD align=right width="14%"><FONT size=2>(5,434,460)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="2%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="14%"><FONT size=2>(5,434,460)</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=left width="55%"><B><FONT size=2>GROSS OPERATING
      INCOME</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><B><FONT size=2>5,070,094</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="2%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><B><FONT size=2>5,070,094</FONT></B><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%"><B><FONT size=2>OPERATING EXPENSES AND REVENUES</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="2%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Selling expenses</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>(517,935)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="2%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>(517,935)</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>General and administrative
      expenses</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD align=right width="14%"><FONT size=2>(329,148)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="14%"><FONT size=2>12</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=center align=middle width="2%"><FONT size=1>(1)</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="14%"><FONT size=2>(329,160)</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Other operating
      expenses</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>(159,856)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>98</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" vAlign=center align=middle width="2%"><FONT size=1>(1)</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>(159,954)</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Equity gains</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD align=right width="14%"><FONT size=2>4,209,285</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="14%"><FONT size=2>(3,492)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=center align=middle width="2%"><FONT size=1>(1)</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="14%"><FONT size=2>4,212,777</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=left width="55%"><FONT size=1><STRONG><FONT size=2>OPERATING INCOME
      BEFOREFINANCIAL EFFECTS</FONT></STRONG><FONT size=2>&nbsp;</FONT><STRONG><FONT size=2>AND
      INTEREST</FONT></STRONG></FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><B><FONT size=2>8,272,440</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><B><FONT size=2>(3,382)</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" vAlign=center align=middle width="2%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><B><FONT size=2>8,275,822</FONT></B><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%"><B><FONT size=2>Financial expenses and revenues</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=center align=middle width="2%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Gains and losses for equity
      pick-up</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>(60,738)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>(175,205)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" vAlign=center align=middle width="2%"><FONT size=1>(1)</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>114,467</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Monetary and exchange
      variation, net</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD align=right width="14%"><FONT size=2>(1,611,316)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="14%"><FONT size=2>1,844,877</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=center noWrap align=middle width="2%"><FONT size=1>(1) and
      (2)</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="14%"><FONT size=2>(3,456,193)</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Other financial
      expenses/revenues</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>29,084</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>(1,738)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" vAlign=center align=middle width="2%"><FONT size=1>(1)</FONT><FONT size=1>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>30,822</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%">&nbsp;</TD>
    <TD align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=center align=middle width="2%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=left width="55%"><FONT size=1><STRONG><FONT size=2>INCOME BEFORE
      INCOME AND</FONT></STRONG><FONT size=2>&nbsp;</FONT><STRONG><FONT size=2>SOCIAL CONTRIBUTION TAXES</FONT></STRONG></FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><B><FONT size=2>6,629,470</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><B><FONT size=2>1,664,552</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" vAlign=center align=middle width="2%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><B><FONT size=2>4,964,918</FONT></B><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Income and social contribution
      taxes</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="14%"><FONT size=2>(855,339)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="14%"><FONT size=2>(565,947)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD vAlign=center align=middle width="2%"><FONT size=1>(3)</FONT><FONT size=1>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" align=right width="14%"><FONT size=2>(289,392)</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=left width="55%"><B><FONT size=2>NET INCOME FOR THE
      YEAR</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><B><FONT size=2>5,774,131</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><B><FONT size=2>1,098,605</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="2%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 3px double; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><B><FONT size=2>4,675,526</FONT></B><FONT size=2>&nbsp;</FONT></TD></TR></TABLE>
<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: 19.45pt">
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid">
      <P style="MARGIN: 0in 0in 0pt 1.25pt; TEXT-INDENT: 0in; TEXT-ALIGN: justify"><SUP><FONT style="FONT-SIZE: 10pt" face="Times New (W1),serif">(1)</FONT><FONT 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></SUP><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Change in the treatment of the companies
      Island VII, VIII, IX, X XI; Tangua and International Investment Fund,
      which were previously treated as branches and which are now registered as
      CSN subsidiaries, pursuant to CVM Resolution 624 of January 28,
      2010.</FONT></P>
      <P style="MARGIN: 0in 0in 0pt 1.25pt; TEXT-INDENT: 0in; TEXT-ALIGN: justify"><SUP><FONT style="FONT-SIZE: 10pt" face="Times New (W1),serif">(2)</FONT><FONT 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></SUP><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Exchange rate variation of loans and
      financing from intercompany operations: fixed rate notes, intercompany,
      prepayment and loans.</FONT></P>
      <P style="MARGIN: 6pt 0in 6pt 1.25pt; TEXT-ALIGN: justify"><FONT size=1>(3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Income tax and social
      contribution related to exchange variation of loans and financing from
      intercompany operations: fixed rate notes, intercompany, prepayment and
      loan deprecation and revaluation.</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center></DIV>
<a name="_bclFooter186"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<DIV></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>
<P style="TEXT-ALIGN: left">186</P></DIV><A name=page_187></A>
<a name="_bclPageBorder187"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader187"></a><DIV>&nbsp;</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 style="HEIGHT: 19.45pt">
    <TD style="BORDER-RIGHT: #000000 1px solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #000000 1px solid; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #000000 1px solid; PADDING-TOP: 0in; HEIGHT: 19.45pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in 6pt 0.5in; TEXT-INDENT: -0.25in"><FONT style="FONT-SIZE: 10pt" face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Cash
      flow: </FONT></B></P>
      <P style="MARGIN: 6pt 0in 6pt 0.25in; TEXT-ALIGN: center" align=center>&nbsp;</P></TD></TR></TABLE>
<TABLE style="FONT-SIZE: 9pt; WIDTH: 100%; FONT-FAMILY: ''''''''''''''''''''''''''''''''''''''''''''''''''''Times New Roman''''''''''''''''''''''''''''''''''''''''''''''''''''" cellSpacing=0 border=0>

  <TR height=20>
    <TD style="BORDER-LEFT: #000000 1px solid" width="55%">&nbsp;</TD>
    <TD width="1%"></TD>
    <TD width="14%"></TD>
    <TD width="1%"></TD>
    <TD width="14%"></TD>
    <TD width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" width="14%">&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%">&nbsp;</TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" align=right width="44%" colSpan=5><B><FONT size=2>2008</FONT></B><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" align=right width="44%" colSpan=5><B><FONT size=2>Parent
      Company</FONT></B><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=middle width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=middle width="1%"></TD>
    <TD align=middle width="14%"><FONT size=2>Adjustments of</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=middle width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=middle width="14%"><FONT size=2>Balance prior to</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=middle width="14%"><FONT size=2>Closing balance</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=middle width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=middle width="14%"><FONT size=2>Resolution 624/10</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=middle width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" align=middle width="14%"><FONT size=2>adjustments</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=left width="55%"><B><FONT size=2>Cash flow from operating
      activities:</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 2px" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><B><FONT size=2>Net income for the
      period</FONT></B><FONT size=2>&nbsp;</FONT></P></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="14%"><B><FONT size=2>5,774,131</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="14%"><B><FONT size=2>1,098,605</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="14%"><B><FONT size=2>4,675,526</FONT></B><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 2px; BACKGROUND-COLOR: #f2f2f2" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><B><FONT size=2>Adjustments to conciliate
      net income for the period</FONT></B><FONT size=2>&nbsp;</FONT><STRONG><FONT size=2>with funds from operating
      activities:</FONT></STRONG><FONT size=2>&nbsp;</FONT></P></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 2px" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>- Monetary and exchange
      variations, net</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="14%"><FONT size=2>1,588,025</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="14%"><FONT size=2>(1,792,101)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="14%"><FONT size=2>3,380,126</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 2px; BACKGROUND-COLOR: #f2f2f2" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>- Provision for charges on
      loans and financing</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>699,166</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>(18,758)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>717,924</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 2px" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>- Equity pick-up</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="14%"><FONT size=2>60,738</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="14%"><FONT size=2>175,205</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="14%"><FONT size=2>(114,467)</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 2px; BACKGROUND-COLOR: #f2f2f2" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>- Deferred income and social
      contribution taxes</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>283,264</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>565,947</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>(282,683)</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 2px" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>- Sw ap provision</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="14%"><FONT size=2>(51,722)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="14%"><FONT size=2>75,706</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="14%"><FONT size=2>(127,428)</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 2px; BACKGROUND-COLOR: #f2f2f2" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>- Other provisions</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>244,959</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>(92,897)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>337,856</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 2px" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>- Other w ithout the effect of
      CVM Resolution 624 </FONT><SUP><FONT size=2>(1)</FONT></SUP><FONT size=2>&nbsp;</FONT></P></TD>
    <TD align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="14%"><FONT size=2>(3,416,463)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" align=right width="14%"><FONT size=2>(3,416,463)</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=left width="55%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><B><FONT size=2>5,182,098</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><B><FONT size=2>11,707</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><B><FONT size=2>5,170,391</FONT></B><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%"><FONT size=2>(Increase) decrease in assets:</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 2px; BACKGROUND-COLOR: #f2f2f2" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>- Credits w ith subsidiaries
      and associated companies</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>614,296</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>3,824,446</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>(3,210,150)</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 2px" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>- Other</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="14%"><FONT size=2>240,574</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="14%"><FONT size=2>109,610</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="14%"><FONT size=2>130,964</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 2px; BACKGROUND-COLOR: #f2f2f2" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>- Other w ithout the effect of
      CVM Resolution 624 </FONT><SUP><FONT size=2>(1)</FONT></SUP><FONT size=2>&nbsp;</FONT></P></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>(1,520,608)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>(1,520,608)</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="14%"><B><FONT size=2>(665,738)</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="14%"><B><FONT size=2>3,934,056</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" align=right width="14%"><B><FONT size=2>(4,599,794)</FONT></B><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=left width="55%"><FONT size=2>Increase (decrease) in
      liabilities:</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 2px" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>- Accounts payable -
      subsidiary</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="14%"><FONT size=2>145,260</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="14%"><FONT size=2>(25,032)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="14%"><FONT size=2>170,292</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 2px; BACKGROUND-COLOR: #f2f2f2" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>- Other</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>60,811</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>(107,324)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>168,135</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 2px" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>- Other w ithout the effect of
      CVM Resolution 624 </FONT><SUP><FONT size=2>(1)</FONT></SUP><FONT size=2>&nbsp;</FONT></P></TD>
    <TD align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="14%"><FONT size=2>264,121</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" align=right width="14%"><FONT size=2>264,121</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=left width="55%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><B><FONT size=2>470,192</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><B><FONT size=2>(132,356)</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><B><FONT size=2>602,548</FONT></B><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%"><B><FONT size=2>Charges on pais loans and financing</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 2px; BACKGROUND-COLOR: #f2f2f2" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>- Interest paid</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>(698,278)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>16,836</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>(715,114)</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 2px" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>- Other w ithout the effect of
      CVM Resolution 624 </FONT><SUP><FONT size=2>(1)</FONT></SUP><FONT size=2>&nbsp;</FONT></P></TD>
    <TD align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="14%"><FONT size=2>(396,424)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" align=right width="14%"><FONT size=2>(396,424)</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=left width="55%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><B><FONT size=2>(1,094,702)</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><B><FONT size=2>16,836</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><B><FONT size=2>(1,111,538)</FONT></B><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%"><B><FONT size=2>Net cash from operating activities</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="14%"><B><FONT size=2>3,891,850</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="14%"><B><FONT size=2>3,830,243</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" align=right width="14%"><B><FONT size=2>61,607</FONT></B><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=left width="55%"><B><FONT size=2>Cash flow used in investing
      activities:</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 2px" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>- Investments / advances for
      future capital increase</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="14%"><FONT size=2>(8,310,253)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="14%"><FONT size=2>(7,408,004)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="14%"><FONT size=2>(902,249)</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 2px; BACKGROUND-COLOR: #f2f2f2" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>- Other w ithout the effect of
      CVM Resolution 624 </FONT><SUP><FONT size=2>(1)</FONT></SUP><FONT size=2>&nbsp;</FONT></P></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>(1,616,213)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>(1,616,213)</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%"><B><FONT size=2>Net cash used in investing activities</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="14%"><B><FONT size=2>(9,926,466)</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="14%"><B><FONT size=2>(7,408,004)</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" align=right width="14%"><B><FONT size=2>(2,518,462)</FONT></B><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=left width="55%"><B><FONT size=2>Cash flow from financing
      activities</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 2px" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>- Loans and
      financing</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="14%"><FONT size=2>10,185,700</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="14%"><FONT size=2>(2,896,050)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="14%"><FONT size=2>13,081,750</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 2px; BACKGROUND-COLOR: #f2f2f2" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>- Other w ithout the effect of
      CVM Resolution 624 </FONT><SUP><FONT size=2>(1)</FONT></SUP><FONT size=2>&nbsp;</FONT></P></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>(3,977,522)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>(3,977,522)</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%"><B><FONT size=2>Net cash used in financing activities</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="14%"><B><FONT size=2>6,208,178</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="14%"><B><FONT size=2>(2,896,050)</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" align=right width="14%"><B><FONT size=2>9,104,228</FONT></B><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=left width="55%"><B><FONT size=2>Exchange variation on cash and cash
      equivalents </FONT></B><SUP><FONT size=2>(2)</FONT></SUP><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>350,869</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>350,869</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%"><B><FONT size=2>Increase (decrease) of cash and cash equivalents</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="14%"><B><FONT size=2>524,431</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="14%"><B><FONT size=2>(6,122,942)</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="14%"><B><FONT size=2>6,647,373</FONT></B><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=left width="55%"><FONT size=2>Cash and cash equivalents at the
      beginning of the year</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>745,115</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>745,115</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%"><B><FONT size=2>Cash and cash equivalents at the end of the year</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="14%"><B><FONT size=2>1,269,546</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double" align=right width="14%"><B><FONT size=2>(6,122,942)</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 3px double" align=right width="14%"><B><FONT size=2>7,392,488</FONT></B><FONT size=2>&nbsp;</FONT></TD></TR></TABLE>
<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: 19.45pt">
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid">
      <P style="MARGIN: 0in 0in 3pt; TEXT-INDENT: 0in; TEXT-ALIGN: justify"><SUP><FONT style="FONT-SIZE: 10pt" face="Times New (W1),serif">(1)</FONT><FONT 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></SUP><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Refers to total cash flow operations not
      amended by CVM Resolution 624 of January 28, 2010.</FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><SUP><FONT style="FONT-SIZE: 10pt" face="Times New (W1),serif">(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT></SUP><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">For better presentation, according to CPC
      Technical Pronouncement 3 &#150; Statement of cash flows, the exchange
      variations on cash and cash equivalents were reclassified in the parent
      company and consolidated statements.</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center></DIV>
<a name="_bclFooter187"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">187</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_188></A>
<a name="_bclPageBorder188"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader188"></a><DIV>&nbsp;</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 style="HEIGHT: 19.45pt">
    <TD style="BORDER-RIGHT: #000000 1px solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #000000 1px solid; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #000000 1px solid; PADDING-TOP: 0in; HEIGHT: 19.45pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in 6pt 0.5in; TEXT-INDENT: -0.25in"><FONT style="FONT-SIZE: 10pt" face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Statement of Added Value: </FONT></U></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify">&nbsp;</P></TD></TR></TABLE>
<TABLE style="FONT-SIZE: 9pt; WIDTH: 100%; FONT-FAMILY: ''''''''''''''''''''''''''''''''''''''''''''''''''''''''Times New Roman''''''''''''''''''''''''''''''''''''''''''''''''''''''''" cellSpacing=0 border=0>

  <TR height=20>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%">&nbsp;</TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="14%"></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="14%"></TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="14%"><B><FONT size=1>&nbsp;</FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%">&nbsp;
    </TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" align=right width="44%" colSpan=5><B><FONT size=2>2008</FONT></B><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" align=right width="44%" colSpan=5><B><FONT size=2>Parent
      Company</FONT></B><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=middle width="14%"><FONT size=2>Closing balance</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=middle width="1%"></TD>
    <TD align=middle width="14%"><FONT size=2>Adjustments of
      Resolution</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=middle width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=middle width="14%"><FONT size=2>Balance prior to</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=middle width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=middle width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=middle width="14%"><FONT size=2>624/10</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=middle width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" align=middle width="14%"><FONT size=2>adjustments</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=left width="55%"><B><FONT size=2>Revenues</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 1px" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Sales of goods, products and
      services</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD align=left width="1%"></TD>
    <TD align=right width="14%"><FONT size=2>14,496,904</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="14%"><FONT size=2>14,496,904</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 2px; BACKGROUND-COLOR: #f2f2f2" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Other
      revenues/expenses</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>4,164,628</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>4,164,628</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 2px" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Allow ance for/reversal of
      doubtful accounts</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="14%"><FONT size=2>(90,473)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" align=right width="14%"><FONT size=2>(90,473)</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=left width="55%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><B><FONT size=2>18,571,059</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><B><FONT size=2>18,571,059</FONT></B><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%"><B><FONT size=2>Input acquired from third parties</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 1px; BACKGROUND-COLOR: #f2f2f2" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Costs of products, goods and
      services sold</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>(6,685,507)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>(6,685,507)</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 1px" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Materials, energy - Third party
      services - other</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD align=left width="1%"></TD>
    <TD align=right width="14%"><FONT size=2>(824,449)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="14%"><FONT size=2>(824,449)</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 1px; BACKGROUND-COLOR: #f2f2f2" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Impairment</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>177,450</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>177,450</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="14%"><B><FONT size=2>(7,332,505)</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" align=right width="14%"><B><FONT size=2>(7,332,506)</FONT></B><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=left width="55%"><B><FONT size=2>Gross value added</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><B><FONT size=2>11,238,553</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double; BACKGROUND-COLOR: #f2f2f2" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 3px double; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><B><FONT size=2>11,238,553</FONT></B><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR height=20>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%"><B><FONT size=2>&nbsp;</FONT></B></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="14%"></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="14%"></TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=left width="55%"><B><FONT size=2>Retention</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 1px" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Depreciation, amortization and
      depletion</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="14%"><FONT size=2>(652,670)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" align=right width="14%"><FONT size=2>(652,670)</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=left width="55%"><B><FONT size=2>Net value added
      produced</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><B><FONT size=2>10,585,883</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double; BACKGROUND-COLOR: #f2f2f2" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 3px double; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><B><FONT size=2>10,585,883</FONT></B><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%"><B><FONT size=2>Value added received in transfers</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 1px; BACKGROUND-COLOR: #f2f2f2" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Equity pick-up</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>(60,738)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>(175,205)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>114,468</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 1px" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Financial income/assets
      exchange variation</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD align=left width="1%"></TD>
    <TD align=right width="14%"><FONT size=2>1,381,310</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="14%"><FONT size=2>(249,932)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="14%"><FONT size=2>1,631,242</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 1px; BACKGROUND-COLOR: #f2f2f2" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Other</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>20,717</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>20,717</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid" align=left width="55%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="14%"><B><FONT size=2>1,341,289</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="14%"><B><FONT size=2>(425,137)</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" align=right width="14%"><B><FONT size=2>1,766,427</FONT></B><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=left width="55%"><B><FONT size=2>Total value added to
      distribute</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><B><FONT size=2>11,927,173</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><B><FONT size=2>(425,136)</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 3px double; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><B><FONT size=2>12,352,310</FONT></B><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR height=20>
    <TD style="BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" align=left width="55%"><B><FONT size=2>&nbsp;</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"><B><FONT size=2>&nbsp;</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=left width="55%"><B><FONT size=2>DISTRIBUTION OF VALUE
      ADDED</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 1px" align=left width="55%">
      <P style="MARGIN-LEFT: 0.1in"><FONT size=2>Personnel</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD align=left width="1%"></TD>
    <TD align=right width="14%"><B><FONT size=2>634,447</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="14%"><B><FONT size=2>634,447</FONT></B><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 4px; BACKGROUND-COLOR: #f2f2f2" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Direct compensation</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>485,647</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>485,647</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 4px" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Benefits</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD align=left width="1%"></TD>
    <TD align=right width="14%"><FONT size=2>112,484</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="14%"><FONT size=2>112,484</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 4px; BACKGROUND-COLOR: #f2f2f2" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Government Severance Indemnity
      Fund for Employees (FGTS)</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>36,316</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>36,316</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 1px" align=left width="55%">
      <P style="MARGIN-LEFT: 0.1in"><FONT size=2>Taxes, fees and
      contributions</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD align=left width="1%"></TD>
    <TD align=right width="14%"><B><FONT size=2>2,504,489</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="14%"><B><FONT size=2>565,946</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="14%"><B><FONT size=2>1,938,543</FONT></B><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 4px; BACKGROUND-COLOR: #f2f2f2" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Federal</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>1,843,886</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>565,946</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>1,277,940</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 4px" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>State</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD align=left width="1%"></TD>
    <TD align=right width="14%"><FONT size=2>654,917</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="14%"><FONT size=2>654,917</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 4px; BACKGROUND-COLOR: #f2f2f2" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Municipal</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>5,686</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>5,686</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 1px" align=left width="55%">
      <P style="MARGIN-LEFT: 0.1in"><FONT size=2>Third party capital
      remuneration</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD align=left width="1%"></TD>
    <TD align=right width="14%"><B><FONT size=2>3,014,106</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD align=right width="14%"><B><FONT size=2>(2,089,687)</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="14%"><B><FONT size=2>5,103,794</FONT></B><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 4px; BACKGROUND-COLOR: #f2f2f2" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Interest</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>3,014,048</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>(2,089,687)</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>5,103,736</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 4px" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Rentals</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD align=left width="1%"></TD>
    <TD align=right width="14%"><FONT size=2>58</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="14%"><FONT size=2>58</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 1px; BACKGROUND-COLOR: #f2f2f2" align=left width="55%">
      <P style="MARGIN-LEFT: 0.1in"><FONT size=2>Remuneration of shareholders'
      equity</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><B><FONT size=2>5,774,131</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><B><FONT size=2>1,098,605</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><B><FONT size=2>4,675,526</FONT></B><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 4px" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Interest on shareholders'
      equity</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD align=left width="1%"></TD>
    <TD align=right width="14%"><FONT size=2>268,405</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=right width="14%"><FONT size=2>268,405</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 4px; BACKGROUND-COLOR: #f2f2f2" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Dividends</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>1,500,000</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="1%"></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="14%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><FONT size=2>1,500,000</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; TEXT-INDENT: 4px" align=left width="55%">
      <P style="MARGIN-LEFT: 0.2in"><FONT size=2>Retained earnings</FONT><FONT size=2>&nbsp;</FONT></P></TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="14%"><FONT size=2>4,005,726</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="14%"><FONT size=2>1,098,605</FONT><FONT size=2>&nbsp;</FONT></TD>
    <TD align=right width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" align=right width="14%"><FONT size=2>2,907,121</FONT><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #f2f2f2" align=left width="55%"><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><B><FONT size=2>11,927,173</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 3px double; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><B><FONT size=2>(425,136)</FONT></B><FONT size=2>&nbsp;</FONT></TD>
    <TD style="BACKGROUND-COLOR: #f2f2f2" align=right width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 3px double; BACKGROUND-COLOR: #f2f2f2" align=right width="14%"><B><FONT size=2>12,352,310</FONT></B><FONT size=2>&nbsp;</FONT></TD></TR>
  <TR height=20>
    <TD style="BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" align=left width="55%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="14%"><B><FONT size=1>&nbsp;</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"><B><FONT size=1>&nbsp;</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="14%"><B><FONT size=1>&nbsp;</FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=right width="1%"><B><FONT size=1>&nbsp;</FONT></B></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" align=right width="14%"><B><FONT size=1>&nbsp;</FONT></B></TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center></DIV>
<a name="_bclFooter188"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">188</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_189></A>
<a name="_bclPageBorder189"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader189"></a><DIV>&nbsp;</DIV>
<DIV align=center>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 11pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 11pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">c) qualified opinion
      and emphasis in the auditor's report:</FONT></I></B></P></TD></TR>
  <TR style="HEIGHT: 19.45pt">
    <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: 19.45pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The independent
      auditors believe that the financial statements presented by the Company
      adequately reflect, in all relevant aspects, the Company&#146;s equity and
      financial position, along with that of its subsidiaries, on December 31,
      2009, 2008 and 2007, as well as the results of its operations, changes in
      shareholders' equity, cash flow and value added by operations in the
      aforementioned fiscal years, in accordance with accounting practices
      adopted in Brazil. </FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The independent
      auditors reference Note 29 to the financial statements, related to the
      Company's negotiations with insurers and reinsurers in Brazil and abroad
      in order to obtain coverage for material damages and lost earnings in
      relation to certain units. </FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Note 29 to the
      Financial Statements</FONT></U></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Aiming to adequately
      mitigate risk and in view of the nature of its operations, the Company and
      its subsidiaries maintain several different types of insurance policy,
      which are in line with the Risk Management policy and similar to insurance
      policies taken out by other companies operating in the same sector as the
      Company and its subsidiaries. The coverage of these policies include:
      National Transportation, International Transportation, Carrier&#146;s Civil
      Liability, Imports, Exports, Life and Personal Accident Insurance, Health,
      Vehicle Fleet, D&amp;O (Administrator&#146;s Civil Liability), General Civil
      Liability, Engineering Risks, Sundry Risks, Export Credit, Guarantee
      Insurance and Port Operator&#146;s Civil Liability. </FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company also
      renewed its Material Damages and Loss of Earnings insurance for all its
      units and subsidiaries, except the Presidente Vargas Steelworks, Casa de
      Pedra, Minera&#231;&#227;o Arcos, CSN Paran&#225;, the TECAR coal terminal (which has
      Material Damages), which are under negotiation with insurance and
      reinsurance companies in Brazil and
abroad.</FONT></P></TD></TR></TABLE></DIV>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter189"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">189</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_190></A>
<a name="_bclPageBorder190"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader190"></a><DIV><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>10.5 Executive Officers should indicate and
comment on critical accounting policies adopted by the Company, including
Management&#146;s accounting estimates concerning uncertain and relevant matters to
describe the Company&#146;s financial situation and results that require subjective
or complex judgments, such as: provisions, contingencies, revenue recognition,
tax credits, long-lived assets, the useful life of non-current assets, pension
plans, foreign currency translation adjustments, environmental recovery costs,
criteria for impairment tests on assets and financial
instruments.</B></FONT></I></FONT></DIV>
<DIV align=center>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 11pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 11pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company&#146;s
      critical accounting policies:</FONT></I></B></P></TD></TR>
  <TR style="HEIGHT: 19.45pt">
    <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: 19.45pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company&#146;s
      financial statements are prepared in accordance with BR GAAP.&nbsp; During
      the preparation of these financial statements, Management must make
      judgments and estimates that affect the reported amounts of assets and
      liabilities, the disclosure of contingent assets and liabilities on the
      dates of the financial statements and the stated amounts of revenues and
      expenses during the period in question. Among other purposes, estimates
      are used to determine the useful life of installations and equipment,
      provisions for contingent liabilities, taxes, budgeted costs and other
      similar charges. Although Management believes that its judgment and
      estimates are based on reasonable premises and information available at
      the time, they are still subject to risks and uncertainties and actual
      results may vary in relation to the estimates and judgments presented.
      </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Thus, a summary of
      information related to the Company&#146;s main accounting practices is
      presented below. </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 24.1pt; TEXT-INDENT: -24.1pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(a)</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Statement of income</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The results of
      operations are recognized on an accrual basis for the fiscal years.
      Revenues from the sale of products are recognized when all main risks and
      rewards related to the goods&#146; ownership have been transferred to the
      buyer. Revenues from services rendered are recognized as the services are
      provided. </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Revenue is recognized
      on the date the product is delivered to the buyer, and when it can safely
      measure its value.</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Income includes
      revenues, monetary and exchange charges and variations, restated according
      to official indexes and rates levied on assets and liabilities and, when
      applicable, the effects of adjustments at market or realization value.
      </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 24.1pt; TEXT-INDENT: -24.1pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(b)</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Current
      and non-current assets</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Cash and Cash
      Equivalents</FONT></U></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">Cash and cash equivalents include cash, bank
      deposits and other short-term investments of immediate liquidity,
      redeemable in up to 90 days from the balance sheet dates and with an
      insignificant risk of change in their market value, as well as
      certificates of deposit, which can be redeemed by the Company at any time
      without penalty. </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Trade accounts
      receivable</FONT></U></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Trade accounts
      receivable are recorded at the invoiced amount, including the respective
      taxes and ancillary expenses and credits from clients in foreign currency
      restated by the exchange rate on the date of the financial statements. The
      allowance for doubtful accounts was recorded in an amount considered
      adequate to support possible losses. Management&#146;s assessment of these
      provisions takes into account the client&#146;s history and financial situation
      and the assessment of our legal advisors regarding the receipt of the
      credits in question.</FONT></P>
      <P style="MARGIN: 0in 0in 0in 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Inventories</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Recorded at the
      lowest value between cost and the net realizable value. The cost is
      determined using the average weighted cost method in the acquisition of
      raw materials, and products in progress or finished products are recorded
      at their production or acquisition cost. Imports in progress are recorded
      at their identified purchase cost. </FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center></DIV>
<a name="_bclFooter190"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><STRONG></STRONG>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">190</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_191></A>
<a name="_bclPageBorder191"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader191"></a><DIV>&nbsp;</DIV>
<DIV align=center>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 19.45pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 4.85pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 19.45pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in 0pt 0.55pt; TEXT-ALIGN: justify"><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Investments</FONT></U></P>
      <P style="MARGIN: 6pt 0in 0pt 0.55pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Investments in
      subsidiaries, jointly-owned subsidiaries and associated companies are
      recorded and measured by the equity accounting method and the gains and
      losses are recognized in income for the year as operating income (or
      expenses). In the case of exchange variations on investments abroad whose
      functional currency is different to that of the Company, variations in the
      amount of investments deriving solely from the exchange variation are
      recorded in the "Equity Valuation Adjustment" account, under shareholders&#146;
      equity, and are only registered in the result when the investment is sold
      or written-off by loss. Gains or transactions to be performed between the
      Company and its associated and related companies are eliminated. Other
      investments are recorded and held at cost.</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 0.55pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">When necessary, the
      accounting practices of the subsidiaries and jointly-owned subsidiaries
      are changed to ensure consistency and uniformity with those of the
      Company.</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 0.55pt; TEXT-ALIGN: justify"><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Property, plant and
      equipment</FONT></U></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Recorded at
      acquisition, formation or construction cost. Depreciation is calculated by
      the straight-line method, based on the remaining economic useful life of
      the assets, and depletion of mines is calculated based on the quantity of
      iron ore extracted. Loan costs related to funds raised for specific
      constructions in progress are capitalized until the constructions are
      concluded. </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Pursuant to CPC
      Pronouncement 13 - "Initial Adoption of Law 11,638/07", the Company chose
      to reverse the revaluation reserve recorded through December 31, 2008, as
      well as taxes levied on the cost of land, buildings, machinery, equipment
      and mines. Machinery, equipment, buildings and other items of property,
      plant and equipment are stated at their historical acquisition cost,
      monetarily restated up to December 31, 1995.</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 0.55pt; TEXT-ALIGN: justify"><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Asset
      impairment</FONT></U></P>
      <P style="MARGIN: 6pt 0in 0pt 0.55pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Property, plant and
      equipment and other non-current assets, including goodwill and intangible
      assets are reviewed annually to identify evidence of non-recoverable
      losses, or whenever events or changes in circumstances indicate that the
      book value of the assets cannot be recovered. For valuation purposes, the
      assets are grouped in the smallest group of assets for which cash flows
      are identified separately. </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 0.55pt; TEXT-ALIGN: justify"><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Intangible
      assets</FONT></U></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Intangible assets
      comprise assets acquired from third parties, including by means of
      business combinations, and/or those internally generated by the Company.
      </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">These assets are
      recorded at their acquisition or formation cost, less amortization
      calculated through the straight-line method based on exploration or
      recovery terms.</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Intangible assets
      with an indefinite useful life, as well as goodwill related to expected
      future profitability have not been amortized since January 1, 2009, and
      their recoverable value will be tested on a yearly basis, or whenever
      deemed necessary. </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 0.55pt; TEXT-ALIGN: justify"><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Deferred
      Charges</FONT></U></P>
      <P style="MARGIN: 6pt 0in 0pt 0.55pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Intangible assets
      with an indefinite useful life, as well as goodwill related to expected
      future profitability, have not been amortized since January 1, 2009, and
      their recoverable value is tested on a yearly basis, or whenever deemed
      necessary.</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 0.55pt; TEXT-ALIGN: justify"><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Other current and
      non-current assets</FONT></U></P>
      <P style="MARGIN: 6pt 0in 0pt 0.55pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Stated at their
      realization value, including, when applicable, the yields earned up to the
      date of the financial statements or, in the case of prepaid expenses, at
      cost.</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 24.55pt; TEXT-INDENT: -24pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(c)</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Current
      and non-current liabilities </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 0.55pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">These are stated at
      their known or calculable values, plus, when applicable, the corresponding
      charges and monetary and foreign exchange variations incurred up to the
      date of the financial statements.</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center></DIV>
<a name="_bclFooter191"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">191</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_192></A>
<a name="_bclPageBorder192"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader192"></a><DIV>&nbsp;</DIV>
<DIV align=center>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 19.45pt">
    <TD style="BORDER-RIGHT: #000000 1px solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #000000 1px solid; PADDING-LEFT: 4.85pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #000000 1px solid; PADDING-TOP: 0in; HEIGHT: 19.45pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in 0pt 0.55pt; TEXT-ALIGN: justify"><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Employee
      benefits</FONT></U></P>
      <P style="MARGIN: 6pt 0in 0pt 0.55pt; TEXT-INDENT: 0in; TEXT-ALIGN: justify"><I><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">i)</FONT></I><I><FONT style="FONT-SIZE: 7pt; LAYOUT-GRID-MODE: line" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT></I><I><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">Pension obligations</FONT></I></P>
      <P style="MARGIN: 6pt 0in 0pt 0.55pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The liability related
      to defined benefit pension plans is the present value of the defined
      benefit liability on the balance sheet date less the market value of the
      plan assets adjusted for actuarial gains or losses and the cost of past
      services. The defined benefit liability is calculated annually by
      independent actuaries. The present value of the defined benefit liability
      is determined by the estimate of future cash outflow, using the interest
      rates of government bonds whose maturity terms are close to those of the
      related liability.</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 0.55pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Actuarial gains and
      losses resulting from changes in the actuarial assumptions and changes to
      the pension plans are allocated or credited to income by the average
      remaining length of service of the related employees.</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 0.55pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">For the defined
      contribution plans, the company pays contributions to government or
      private pension plans on a mandatory, contractual or voluntary basis. As
      soon as contributions are paid, the company has no other additional
      payment obligations. Regular contributions comprise the net costs for the
      period in which they are due, being included in personnel
costs.</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 0.55pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">In compliance with
      CVM Resolution 371/00, the Company has been recording the respective
      actuarial liabilities since January 1, 2002, in accordance with the
      aforementioned reported resolution and based on independent actuary
      studies, which are carried out annually.</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 0.55pt; TEXT-INDENT: 0in; TEXT-ALIGN: justify"><I><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">ii)</FONT></I><I><FONT style="FONT-SIZE: 7pt; LAYOUT-GRID-MODE: line" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT></I><I><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">Profit sharing and bonuses </FONT></I></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Employees&#146; profit
      sharing is subject to the achievement of certain operating and financial
      targets, mainly allocated to the production cost when applicable and to
      general and administrative expenses.</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 0.55pt; TEXT-ALIGN: justify"><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Income and social
      contribution taxes</FONT></U></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Income tax is
      calculated at rates of 15% plus an additional of 10% on taxable income and
      social contribution on net income at 9% on taxable income. When
      calculating taxes, the offsetting of tax loss carryforwards and negative
      social contribution bases is also considered, being limited to 30% of
      taxable income.</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The deferred tax
      assets deriving from tax loss carryforwards, negative social contribution
      bases and temporary differences between the asset and liability tax
      calculation base and the book values in the financial statements were
      recorded in compliance with the CVM Resolution 371/02 and took into
      consideration the history of profitability and the expectations of
      generating future taxable income, based on a technical study.</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 24.55pt; TEXT-INDENT: -24pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(d)</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Financial instruments </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 0.55pt; TEXT-ALIGN: justify"><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Classification and
      measurement</FONT></I></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company
      classifies its financial assets in the following categories: &#147;measured at
      fair value by income&#148;, &#147;loans and receivables&#148;, &#147;held to maturity&#148; and
      &#147;available for sale&#148;. The classification depends on the purpose for which
      the financial assets were acquired. Management determines the
      classification of its financial assets upon initial
recognition.</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 0.55pt; TEXT-ALIGN: justify"><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Financial assets
      measured at fair value by income</FONT></U></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Financial assets
      measured at fair value by income are assets held for active and frequent
      trading. Derivatives are also categorized as held for trading and are
      therefore also classified in this category, unless they have been recorded
      as hedge instruments. Assets in this category are classified as current.
      Gains or losses from variations in the fair value of such assets are
      recorded in the income statement under financial income in the period they
      occur, unless the instrument has been taken out in connection with another
      operation. In this case, variations are recorded in the same line as the
      income impacted by said operation.</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 0.55pt; TEXT-ALIGN: justify"><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Loans and
      receivables</FONT></U></P>
      <P style="MARGIN: 6pt 0in 0pt 0.55pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">This category
      includes loans and receivables that are non-derivative financial assets
      with fixed or determinable payments, not priced in an active market. They
      are recognized as current assets, except those with a maturity term of
      more than 12 months from the date of the balance sheet, which are
      classified as noncurrent assets. The Company's loans and receivables
      comprise loans to associated companies, trade accounts receivable, other
      accounts receivable and cash and cash equivalents, excluding short-term
      investments. Loans and receivables are accounted for at their amortized
      cost, using the effective interest rate method.</FONT></P></TD></TR>
  <TR style="HEIGHT: 19.45pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 4.85pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 19.45pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in 0pt 0.55pt; TEXT-ALIGN: justify"><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Assets held to
      maturity</FONT></U></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">These are basically
      financial assets that cannot be classified as loans and receivables and
      are acquired to be held in portfolio until maturity. They are measured at
      their amortized cost by the effective interest rate method.</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 0.55pt; TEXT-ALIGN: justify"><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Financial assets
      available for sale</FONT></U></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">These are
      non-derivative financial assets that are not classified in any other
      category. They are included in noncurrent assets, unless Management
      intends to dispose of the investment within 12 months following the date
      of the balance sheet. They are recorded at their fair value. Interest on
      securities available for sale, calculated through the effective interest
      rate method, are booked as financial income in the income statement. The
      amount corresponding to the variation in fair value is recorded under
      shareholders&#146; equity, in the Equity Valuation Adjustments account and is
      realized against the result on settlement or permanent loss
      (impairment).</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 0.55pt; TEXT-ALIGN: justify"><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Fair
      value</FONT></U></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The fair value of
      listed investments is based on current acquisition prices. In the case of
      financial assets without an active market or which are not publicly
      traded, the Company establishes fair value through appraisal methods,
      including the use of recent outsourced operations, the use of other
      materially similar instruments as reference, discounted cash flow analysis
      and option pricing models that make the greatest possible use of
      information from the market and the least possible use of information
      generated by Management.</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">On the balance sheet
      date, the Company assesses whether there is any objective evidence that a
      given financial asset or group of financial assets is recorded at a value
      higher than its recoverable value (impairment). In case of financial
      assets available for sale, should there be any such evidence, the accrued
      loss (calculated as the difference between the acquisition cost and the
      current fair value less any impairment loss previously recorded in the
      result) is removed from the balance sheet and recorded in the income
      statement. </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 0.55pt; TEXT-INDENT: 0in; TEXT-ALIGN: justify"><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">i)</FONT></I><I><FONT 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></I><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Derivative instruments and hedge
      operations</FONT></I></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Initially,
      derivatives are recorded at their fair value on the date that the
      respective agreements are signed, being subsequently measured at their
      fair value. The resulting variations in fair value are booked in the
      result, except in the case of derivatives designated as future cash flow
      hedge instruments. </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company
      maintained a total return equity swap, whose purpose was to increase
      returns on financial assets. This instrument was recorded at fair value
      and gains and losses were recognized in the income statement by the
      accrual method.&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">This instrument was
      recorded in other accounts payable, and its margin of guarantee in other
      accounts receivable. The instrument was settled on August 13,
      2009.</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Although the Company
      makes use of derivatives for protection purposes, it does not apply hedge
      accounting.</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 24.55pt; TEXT-INDENT: -24pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(e)</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Treasury
      shares</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 0.55pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">As established by CVM
      Rule 10 of February 14, 1980, shares held in treasury are recorded at
      their acquisition cost and the market value of these shares is calculated
      based on the average stock exchange quotation on the last day of the year.
      </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 24.55pt; TEXT-INDENT: -24pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(f)</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Accounting estimates</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 0.55pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Accounting estimates
      are required when the financial statements are prepared, for recording
      certain assets, liabilities and other transactions. Therefore, the
      Company's financial statements include estimates to measure provisions for
      doubtful accounts, provisions for inventory losses, provisions for labor,
      civil, tax, environmental and social security liabilities, depreciation,
      amortization, depletion, provisions for impairment, deferred taxes,
      financial instruments and employees&#146; benefits. Although the Company
      periodically reviews these estimates and assumptions, actual results may
      differ from said estimates.</FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter192"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">192</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_193></A>
<a name="_bclPageBorder193"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader193"></a><DIV><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">10.6 Internal controls adopted to ensure the
preparation of reliable financial statements:</FONT></I></B></DIV>
<DIV align=center>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 11pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 11pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">a) the degree of
      efficiency of these controls, indicating eventual inadequacies and
      measures adopted to correct them:</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 19.45pt">
    <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: 19.45pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company possesses
      a Corporate Risk Management area, which is subordinate to the Executive
      Administrative Board, whose duty is to identify, measure and monitor
      operational, financial and strategic risks, in addition to ensuring
      compliance with the prevailing laws and regulations and the Company&#146;s
      internal policies. </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Internal controls
      responsible for mitigating risks are executed by the operational areas and
      independently monitored by the Corporate Risk area, which prepares and
      accompanies action plans to correct any deficiencies identified and
      reported to Management. </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Executive
      Internal Audit Board, which reports to the Board of Directors, is also
      responsible for monitoring internal controls through the performance of
      independent tests.</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Management believes
      in the efficiency of the internal controls adopted to ensure the quality,
      precision and reliability of its accounting statements.</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Management therefore
      believes that the Company&#146;s accounting statements accurately represent the
      results of its operations, as well as its equity and financial situation
      on the respective dates.</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 11pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 11pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">b) deficiencies and
      recommendations on internal controls included in the independent auditor&#146;s
      report:</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 19.45pt">
    <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: 19.45pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The independent
      auditor&#146;s report for the fiscal year ended December 31, 2009 did not
      present significant deficiencies related to internal controls that may
      jeopardize the reliability and accurate preparation of the Company&#146;s
      financial statements. </FONT></P></TD></TR></TABLE></DIV>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter193"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">193</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_194></A>
<a name="_bclPageBorder194"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader194"></a><DIV><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>10.7 Aspects referring to eventual public
offering of shares: </B></FONT></I></FONT></DIV>
<DIV align=center>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 11pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 11pt" vAlign=top width="100%" colSpan=2>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">a) how funds
      resulting from the offering were utilized:</FONT></I></B></P></TD></TR>
  <TR style="HEIGHT: 19.45pt">
    <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: 19.45pt" vAlign=top width="100%" colSpan=2>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Not applicable, as
      the Company has not held a public offering of shares in the last three
      fiscal years. </FONT></P></TD></TR>
  <TR style="HEIGHT: 11pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 11pt" vAlign=top width="99%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">b) any relevant
      discrepancy between the effective use of the funds and the funding
      proposals disclosed in the respective offering
      memorandum:</FONT></I></B></P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="1%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 19.45pt">
    <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: 19.45pt" vAlign=top width="99%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Not applicable, as
      the Company has not held a public offering of shares in the last three
      fiscal years. </FONT></P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="1%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 11pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 11pt" vAlign=top width="99%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">c) in case of any
      discrepancy, explain the reasons for such an event:</FONT></I></B></P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="1%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 19.45pt">
    <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: 19.45pt" vAlign=top width="99%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Not applicable, as
      the Company has not held a public offering of shares in the last three
      fiscal years. </FONT></P></TD>
    <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="1%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter194"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">194</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_195></A>
<a name="_bclPageBorder195"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader195"></a><DIV><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>10.8 Relevant items not disclosed in the
Company's financial statements: </B></FONT></I></FONT></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 style="HEIGHT: 13.7pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.7pt" vAlign=top width="99%">
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">a) assets and
      liabilities directly or indirectly held by the Company that are not
      included in its balance sheet (off-balance sheet items), such
      as:</FONT></I></B></P>
      <P style="MARGIN: 0in 0in 0pt 35.45pt; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(i) operating leases,
      taken and extended;</FONT></I></B></P>
      <P style="MARGIN: 0in 0in 0pt 35.45pt; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(ii) receivable
      portfolio write-offs that create any risks or responsibilities for the
      Company, plus all relevant liabilities where
applicable;</FONT></I></B></P>
      <P style="MARGIN: 0in 0in 0pt 35.45pt; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(iii) future goods
      and services purchase and sale agreements;</FONT></I></B></P>
      <P style="MARGIN: 0in 0in 0pt 35.45pt; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(iv) incomplete
      building agreements;</FONT></I></B></P>
      <P style="MARGIN: 0in 0in 0pt 35.45pt; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(v) future loan
      proceed agreements.</FONT></I></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid" width="99%">
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company has the
      following relevant liabilities that are not included in its financial
      statements (amounts in R$ thousand):</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Take-or-Pay
      Agreements</FONT></B></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Agreement executed
      with White Martins Gases e Ind&#250;stria Ltd. - Criog&#234;nicos</FONT></I></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">In 1994, the Company
      entered into a take-or-pay agreement with White Martins Gases e Ind&#250;stria
      Ltda., amended in 2005, through which it undertook to acquire at least 90%
      of the annual volume of gas contracted from White Martins Gases e
      Ind&#250;stria Ltda. The amounts corresponding to the minimum future payments
      to be made by the Company to White Martins Gases e Ind&#250;stria Ltda. on
      December 31, 2009, are as follows:</FONT></P></TD></TR></TABLE>
<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: 12.4pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: black; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.4pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>Year</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: black; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.4pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>Amount
      (R$ thousand)</FONT></P></TD></TR>
  <TR style="HEIGHT: 5.55pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 5.55pt" width="50%">
      <P style="MARGIN: 6pt 0in; 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: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 5.55pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">95,911</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 13.55pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 13.55pt" width="50%">
      <P style="MARGIN: 6pt 0in; 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; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.55pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">95,911</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 13pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 13pt" width="50%">
      <P style="MARGIN: 6pt 0in; 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: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">95,911</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 13pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 13pt" width="50%">
      <P style="MARGIN: 6pt 0in; 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; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">95,911</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 13pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 13pt" width="50%">
      <P style="MARGIN: 6pt 0in; 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: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">95,911</FONT>
      </FONT></P></TD></TR>
  <TR height=20>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">2015</FONT></FONT></P></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">95,911</FONT></P></TD></TR>
  <TR height=20>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2016</FONT></P></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">95,911</FONT></P></TD></TR>
  <TR style="HEIGHT: 6.9pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 6.9pt" width="50%">
      <P style="MARGIN: 6pt 0in; 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; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 6.9pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">6<FONT style="FONT-SIZE: 10pt" face="Times New Roman">71</FONT>,<FONT style="FONT-SIZE: 10pt" face="Times New Roman">377</FONT></FONT></P></TD></TR></TABLE>
<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: 13.7pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid" width="99%">
      <P style="MARGIN: 0in 0in 0pt"><I><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Agreement executed with Companhia Estadual de
      G&#225;s do Rio de Janeiro &#150; CEG Rio</FONT></I></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">In order to ensure
      its gas supply, in 2007 the Company entered into a 5-year take-or-pay
      agreement with Companhia Estadual de G&#225;s do Rio de Janeiro, through which
      it undertook to acquire at least 70% of the natural gas volume produced by
      Companhia Estadual de G&#225;s do Rio de Janeiro&#146;s plant. The amounts
      corresponding to the minimum future payments to be made by the Company to
      Companhia Estadual de G&#225;s do Rio de Janeiro, on December 31, 2009, are as
      follows:</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
<DIV align=center></DIV>
<a name="_bclFooter195"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-weight: normal" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-weight: normal" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-weight: normal" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt; mso-bidi-font-weight: normal" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">195</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_196></A>
<a name="_bclPageBorder196"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader196"></a><DIV>&nbsp;</DIV>
<DIV align=center>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid" colSpan=3>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 12.4pt">
    <TD style="BORDER-LEFT: windowtext 1pt solid; WIDTH: 101pt" rowSpan=5></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: black; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.4pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>Year</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: black; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.4pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"><FONT color=#ffffff>Amount (R$ thousand</FONT><FONT color=#ffffff>)</FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 5.55pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 5.55pt" width="50%">
      <P style="MARGIN: 6pt 0in; 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: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 5.55pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">257,196</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.55pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 13.55pt" width="50%">
      <P style="MARGIN: 6pt 0in; 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; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.55pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">257,196</FONT></P></TD></TR>
  <TR style="HEIGHT: 13pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 13pt" width="50%">
      <P style="MARGIN: 6pt 0in; 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: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">257,196</FONT></P></TD></TR>
  <TR style="HEIGHT: 6.9pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 6.9pt" width="50%">
      <P style="MARGIN: 6pt 0in; 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; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 6.9pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">771,588</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid" colSpan=3>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Furthermore, under
      the terms of the agreement, the Company is not required to advance funds
      raised against future processing charges if Companhia Estadual de G&#225;s do
      Rio de Janeiro is unable to meet its financial obligations. In addition,
      if the Company does not acquire the minimum volume agreed, the amount paid
      relating to that difference may be offset in future years, including one
      year after the termination of the contract.</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></I>&nbsp;</P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Agreement executed
      with Vale S.A.</FONT></I></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Agreement executed in
      2009, whose purpose is the sale by Vale S.A. of AF50 and/or AF40
      blast-furnace iron ore pellets to be used by the Company in steel
      production. The amounts corresponding to the minimum future payments to be
      made by the Company to Vale S.A., on December 31, 2009, are as
      follows:</FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 12.4pt">
    <TD style="BORDER-LEFT: windowtext 1pt solid; WIDTH: 122.05pt" rowSpan=7></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: black; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.4pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>Year</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: black; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.4pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>Amount
      (R$ thousand)</FONT></P></TD></TR>
  <TR style="HEIGHT: 5.55pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 5.55pt" width="50%">
      <P style="MARGIN: 6pt 0in; 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: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 5.55pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">131,301</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.55pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 13.55pt" width="50%">
      <P style="MARGIN: 6pt 0in; 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; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.55pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">131,301</FONT></P></TD></TR>
  <TR style="HEIGHT: 13pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 13pt" width="50%">
      <P style="MARGIN: 6pt 0in; 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: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">131,301</FONT></P></TD></TR>
  <TR style="HEIGHT: 13pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 13pt" width="50%">
      <P style="MARGIN: 6pt 0in; 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; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">131,301</FONT></P></TD></TR>
  <TR style="HEIGHT: 13pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 13pt" width="50%">
      <P style="MARGIN: 6pt 0in; 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: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">87,534
  </FONT></P></TD></TR>
  <TR style="HEIGHT: 6.9pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 6.9pt" width="50%">
      <P style="MARGIN: 6pt 0in; 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; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 6.9pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">612,738</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid" colSpan=3>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify">&nbsp;</P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center></DIV>
<a name="_bclFooter196"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">196</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_197></A>
<a name="_bclPageBorder197"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader197"></a><DIV>&nbsp;</DIV>
<DIV align=center>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid" colSpan=3>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Agreement executed
      with Compagas &#150; Companhia Paranaense de G&#225;s</FONT></I></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Agreement entered
      into in 2001 with Companhia Paranaense de G&#225;s, whose purpose is the sale,
      by Companhia Paranaense de G&#225;s, of natural gas to be used as fuel by the
      Company at its plant. The amounts corresponding to the minimum future
      payments to be made by the Company to Companhia Paranaense de G&#225;s, on
      December 31, 2009, are as follows:</FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 12.4pt">
    <TD style="BORDER-LEFT: windowtext 1pt solid; WIDTH: 101pt" rowSpan=17></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: black; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.4pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>Year</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: black; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.4pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>Amount
      (R$ thousand)</FONT></P></TD></TR>
  <TR style="HEIGHT: 5.55pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 5.55pt" width="50%">
      <P style="MARGIN: 6pt 0in; 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: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 5.55pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">11,751</FONT></P></TD></TR>
  <TR style="HEIGHT: 7.1pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 7.1pt" width="50%">
      <P style="MARGIN: 6pt 0in; 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; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 7.1pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">11,751</FONT></P></TD></TR>
  <TR style="HEIGHT: 13pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 13pt" width="50%">
      <P style="MARGIN: 6pt 0in; 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: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">11,751</FONT></P></TD></TR>
  <TR style="HEIGHT: 13pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 13pt" width="50%">
      <P style="MARGIN: 6pt 0in; 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; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">11,751</FONT></P></TD></TR>
  <TR style="HEIGHT: 13pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 13pt" width="50%">
      <P style="MARGIN: 6pt 0in; 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: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">11,751</FONT></P></TD></TR>
  <TR style="HEIGHT: 13pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 13pt" width="50%">
      <P style="MARGIN: 6pt 0in; 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; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">11,751</FONT></P></TD></TR>
  <TR style="HEIGHT: 13pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 13pt" width="50%">
      <P style="MARGIN: 6pt 0in; 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: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">11,751</FONT></P></TD></TR>
  <TR style="HEIGHT: 13pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 13pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2017</FONT></P></TD>
    <TD style="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: 13pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">11,751</FONT></P></TD></TR>
  <TR style="HEIGHT: 13pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 13pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2018</FONT></P></TD>
    <TD style="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: 13pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">11,751</FONT></P></TD></TR>
  <TR style="HEIGHT: 13pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 13pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2019</FONT></P></TD>
    <TD style="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: 13pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">11,751</FONT></P></TD></TR>
  <TR style="HEIGHT: 13pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 13pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2020</FONT></P></TD>
    <TD style="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: 13pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">11,751</FONT></P></TD></TR>
  <TR style="HEIGHT: 13pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 13pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2021</FONT></P></TD>
    <TD style="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: 13pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">11,751</FONT></P></TD></TR>
  <TR style="HEIGHT: 13pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 13pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2022</FONT></P></TD>
    <TD style="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: 13pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">11,751</FONT></P></TD></TR>
  <TR style="HEIGHT: 13pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 13pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2023</FONT></P></TD>
    <TD style="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: 13pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">11,751</FONT></P></TD></TR>
  <TR style="HEIGHT: 13pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 13pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2024</FONT></P></TD>
    <TD style="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: 13pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">11,751</FONT></P></TD></TR>
  <TR style="HEIGHT: 6.9pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 6.9pt" width="50%">
      <P style="MARGIN: 6pt 0in; 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; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 6.9pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">176,265</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid" colSpan=3></TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center></DIV>
<a name="_bclFooter197"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">197</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_198></A>
<a name="_bclPageBorder198"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader198"></a><DIV>&nbsp;</DIV>
<DIV align=center>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid" colSpan=3>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Agreement executed
      with Companhia Paranaense de Energia</FONT></I></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company entered
      into a 20-year electricity purchase agreement with Companhia Paranaense de
      Energia on May 1, 2001 (effective until April 30, 2021). The amounts
      corresponding to the minimum future payments to be made by the Company to
      Companhia Paranaense de Energia on December 31, 2009, are as
      follows:</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.4pt">
    <TD style="BORDER-LEFT: windowtext 1pt solid; WIDTH: 101pt" rowSpan=14></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: black; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.4pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>Year</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: black; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.4pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>Amount
      (R$ thousand)</FONT></P></TD></TR>
  <TR style="HEIGHT: 5.55pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 5.55pt" width="50%">
      <P style="MARGIN: 6pt 0in; 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: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 5.55pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">8,376</FONT></P></TD></TR>
  <TR style="HEIGHT: 7.1pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 7.1pt" width="50%">
      <P style="MARGIN: 6pt 0in; 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; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 7.1pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">8,376</FONT></P></TD></TR>
  <TR style="HEIGHT: 13pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 13pt" width="50%">
      <P style="MARGIN: 6pt 0in; 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: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">8,376</FONT></P></TD></TR>
  <TR style="HEIGHT: 13pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 13pt" width="50%">
      <P style="MARGIN: 6pt 0in; 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; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">8,376</FONT></P></TD></TR>
  <TR style="HEIGHT: 13pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 13pt" width="50%">
      <P style="MARGIN: 6pt 0in; 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: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">8,376</FONT></P></TD></TR>
  <TR style="HEIGHT: 13pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 13pt" width="50%">
      <P style="MARGIN: 6pt 0in; 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; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">8,376</FONT></P></TD></TR>
  <TR style="HEIGHT: 13pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 13pt" width="50%">
      <P style="MARGIN: 6pt 0in; 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: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">8,376</FONT></P></TD></TR>
  <TR style="HEIGHT: 13pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 13pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2017</FONT></P></TD>
    <TD style="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: 13pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">8,376</FONT></P></TD></TR>
  <TR style="HEIGHT: 13pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 13pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2018</FONT></P></TD>
    <TD style="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: 13pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">8,376</FONT></P></TD></TR>
  <TR style="HEIGHT: 13pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 13pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2019</FONT></P></TD>
    <TD style="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: 13pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">8,376</FONT></P></TD></TR>
  <TR style="HEIGHT: 13pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 13pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2020</FONT></P></TD>
    <TD style="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: 13pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">8,376</FONT></P></TD></TR>
  <TR style="HEIGHT: 13pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 13pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2021</FONT></P></TD>
    <TD style="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: 13pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2,792</FONT></P></TD></TR>
  <TR style="HEIGHT: 6.9pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 6.9pt" width="50%">
      <P style="MARGIN: 6pt 0in; 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; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 6.9pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">94,928</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid" colSpan=3></TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center></DIV>
<a name="_bclFooter198"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">198</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_199></A>
<a name="_bclPageBorder199"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader199"></a><DIV>&nbsp;</DIV>
<DIV align=center>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid" width="100%" colSpan=3>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Agreement executed
      with MRS Log&#237;stica S.A.</FONT></I></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company and MRS
      Log&#237;stica S.A. have entered into a 10-year agreement for iron ore
      transportation. Pursuant to the take-or-pay clause, the Company has
      committed to pay for at least 80% of the contracted tonnes to be
      transported by MRS Log&#237;stica S.A. The iron ore volume transported by MRS
      Log&#237;stica S.A. that exceeds the minimum take-or-pay contracted volume for
      a given month can be offset by lower volumes transported in subsequent
      months. The Company will pay for take-or-pay amounts according to the
      terms of the agreement.&nbsp; The amounts corresponding to the minimum
      future payments to be made by the Company to MRS Log&#237;stica S.A., on
      December 31, 2009, are as follows:</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.4pt">
    <TD style="BORDER-LEFT: windowtext 1pt solid; WIDTH: 101pt" rowSpan=9></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: black; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.4pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>Year</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: black; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.4pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>Amount
      (R$ thousand)</FONT></P></TD></TR>
  <TR style="HEIGHT: 5.55pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 5.55pt" width="50%">
      <P style="MARGIN: 6pt 0in; 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: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 5.55pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">169,315</FONT></P></TD></TR>
  <TR style="HEIGHT: 7.1pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 7.1pt" width="50%">
      <P style="MARGIN: 6pt 0in; 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; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 7.1pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">169,315</FONT></P></TD></TR>
  <TR style="HEIGHT: 13pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 13pt" width="50%">
      <P style="MARGIN: 6pt 0in; 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: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">169,315</FONT></P></TD></TR>
  <TR style="HEIGHT: 13pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 13pt" width="50%">
      <P style="MARGIN: 6pt 0in; 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; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">169,315</FONT></P></TD></TR>
  <TR style="HEIGHT: 13pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 13pt" width="50%">
      <P style="MARGIN: 6pt 0in; 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: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">169,315</FONT></P></TD></TR>
  <TR style="HEIGHT: 13pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 13pt" width="50%">
      <P style="MARGIN: 6pt 0in; 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; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">169,315</FONT></P></TD></TR>
  <TR style="HEIGHT: 13pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 13pt" width="50%">
      <P style="MARGIN: 6pt 0in; 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: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">169,315</FONT></P></TD></TR>
  <TR style="HEIGHT: 6.9pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 6.9pt" width="50%">
      <P style="MARGIN: 6pt 0in; 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; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 6.9pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,185,205</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid" width="100%" colSpan=3>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">In addition, the
      Company and MRS Log&#237;stica S.A. have entered into an agreement for the
      transportation of iron ore, coal and coke to Volta Redonda. The volume for
      iron ore and pellets is 8,280,000 tonnes per year, and for coal, coke and
      other reduction products the volume is 3,600,000 tonnes per year. A
      variation of up to 10% is acceptable, with guaranteed payment of at least
      90%, but the commitment is made for each item individually. MRS Log&#237;stica
      S.A. is required to transport at least 80% of the volume determined in the
      agreement. The agreement expires on September 12, 2012.</FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.2pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: black; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.2pt" width="50%" colSpan=2>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>Year</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: black; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.2pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>Amount
      (R$ thousand)</FONT></P></TD></TR>
  <TR style="HEIGHT: 3.65pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 3.65pt" width="50%" colSpan=2>
      <P style="MARGIN: 6pt 0in; 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: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 3.65pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">133,412</FONT></P></TD></TR>
  <TR style="HEIGHT: 4.7pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 4.7pt" width="50%" colSpan=2>
      <P style="MARGIN: 6pt 0in; 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; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 4.7pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">133,412</FONT></P></TD></TR>
  <TR style="HEIGHT: 8.6pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 8.6pt" width="50%" colSpan=2>
      <P style="MARGIN: 6pt 0in; 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: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.6pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">100,059</FONT></P></TD></TR>
  <TR style="HEIGHT: 4.55pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 4.55pt" width="50%" colSpan=2>
      <P style="MARGIN: 6pt 0in; 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; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 4.55pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">366,883</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid" width="100%" colSpan=3></TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center></DIV>
<a name="_bclFooter199"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">199</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_200></A>
<a name="_bclPageBorder200"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader200"></a><DIV>&nbsp;</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: windowtext 1pt solid; BORDER-TOP: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid" width="99%">
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Agreement executed
      with Ferrovia Centro &#150; Atl&#226;ntico S.A.</FONT></I></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company and
      Ferrovia Centro - Atl&#226;ntico S.A. have entered into an agreement for iron
      ore transportation that will expire on August 31, 2013. Pursuant to the
      agreement, the Company is required to transport a minimum of 1,900,000
      tonnes per year. The agreement also includes a provision stating that if
      the Company&#146;s production increases, transported volume may be increased to
      up to 2,800,000 tonnes a year. The amounts corresponding to the minimum
      future payments to be made by the Company to Ferrovia Centro &#150; Atl&#226;ntico
      S.A., on December 31, 2009, are as follows:</FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR></TABLE>
<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: 12.4pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: black; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.4pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>Year</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: black; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.4pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#ffffff>Amount
      (R$ thousand)</FONT></P></TD></TR>
  <TR style="HEIGHT: 5.55pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 5.55pt" width="50%">
      <P style="MARGIN: 6pt 0in; 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: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 5.55pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">65,626</FONT></FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 13.55pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 13.55pt" width="50%">
      <P style="MARGIN: 6pt 0in; 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; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.55pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">65,626</FONT></FONT></FONT></FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 13pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 13pt" width="50%">
      <P style="MARGIN: 6pt 0in; 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: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">65,626</FONT></FONT></FONT></FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 13pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 13pt" width="50%">
      <P style="MARGIN: 6pt 0in; 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; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">65,626</FONT></FONT></FONT></FONT></FONT></P></TD></TR>
  <TR style="HEIGHT: 6.9pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 6.9pt" width="50%">
      <P style="MARGIN: 6pt 0in; 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; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 6.9pt" width="50%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">262,504</FONT></FONT></P></TD></TR></TABLE>
<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; BORDER-LEFT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid" width="99%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Concession
      Agreements</FONT></B></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Sepetiba Tecon S.A.
      Concession</FONT></I></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company owns
      99.99% of Sepetiba Tecon S.A., which has a 25-year concession to operate a
      container terminal at the Port of Itagua&#237;. The amount corresponding to
      future payments to be made by the Company with regard to this concession
      is R$303,222 thousand.</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Transnordestina S.A.
      Concession</FONT></I></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company has a
      30-year leasing and concession agreement with Transnordestina S.A. The
      amount corresponding to future payments to be made by the Company with
      regard to this concession is R$98,413 thousand.</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Tecar
      Concession</FONT></I></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">In 1997 the Company
      entered into a 25-year leasing and concession agreement with Companhia
      Docas do Rio de Janeiro. Pursuant to this agreement, Companhia Docas do
      Rio de Janeiro has granted the Company the right to explore the TECAR Coal
      Terminal in the Port of Sepetiba. The amount corresponding to future
      payments to be made by the Company with regard to this concession is
      R$12,584 thousand.</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">A third amendment was
      made to this agreement, pursuant to which the Company has committed to
      make, under the supervision of Companhia Docas do Rio de Janeiro, the
      required investments to adapt the Coal Terminal&#146;s port facilities. Such
      investments were estimated at the time the agreement was
      executed.</FONT></P></TD></TR>
  <TR style="HEIGHT: 11pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 11pt" vAlign=top width="99%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">b) other items not
      included in the financial statements:</FONT></I></B></P></TD></TR>
  <TR style="HEIGHT: 19.45pt">
    <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: 19.45pt" vAlign=top width="99%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">There are no other
      items not included in the financial
statements.</FONT></P></TD></TR></TABLE></DIV><B><FONT style="FONT-VARIANT: small-caps"></FONT></B>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-VARIANT: small-caps"><I><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"></FONT></I></FONT></B>&nbsp;</P>
<a name="_bclFooter200"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">200</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_201></A>
<a name="_bclPageBorder201"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader201"></a><DIV><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>10.9 With regard to each item not included in
the financial statements indicated in item 10.8, comment on the
following:</B></FONT></I></FONT></DIV>
<DIV align=center>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 11pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 11pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">a) how such items
      change, or may change in the future, the revenues, expenses, operating
      result, financial expenses or other items in the Company&#146;s financial
      statements:</FONT></I></B></P></TD></TR>
  <TR style="HEIGHT: 19.45pt">
    <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: 19.45pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">See item
      10.8</FONT></P></TD></TR>
  <TR style="HEIGHT: 11pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 11pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">b) the nature and
      purpose of the operation:</FONT></I></B></P></TD></TR>
  <TR style="HEIGHT: 19.45pt">
    <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: 19.45pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">See item
      10.8</FONT></P></TD></TR>
  <TR style="HEIGHT: 11pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 11pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">c) the nature and
      amount of the obligations assumed and rights created in favor of the
      Company as a result of the operation:</FONT></I></B></P></TD></TR>
  <TR style="HEIGHT: 19.45pt">
    <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: 19.45pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">See item
      10.8</FONT></P></TD></TR></TABLE></DIV>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter201"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">201</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_202></A>
<a name="_bclPageBorder202"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader202"></a><DIV><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>10.10 Main elements of the Company's business
plan:</B></FONT></I></FONT></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 style="HEIGHT: 11pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 11pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in 3pt; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">a) investments,
      including:</FONT></I></B></P>
      <P style="MARGIN: 0in 0in 3pt 35.4pt; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(i) a quantitative
      and qualitative description of investments in progress and estimated
      investments;</FONT></I></B></P>
      <P style="MARGIN: 0in 0in 3pt 35.4pt; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(ii) sources of
      investment funding; and </FONT></I></B></P>
      <P style="MARGIN: 0in 0in 3pt 34.6pt; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(iii) material
      divestments in progress and estimated divestments.</FONT></I></B></P>
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">b) acquisitions
      already announced of plants, equipment, patents or other assets that may
      materially affect the Company&#146;s production
  capacity;</FONT></I></B></P></TD></TR>
  <TR style="HEIGHT: 19.45pt">
    <TD style="BORDER-RIGHT: #000000 1px solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #000000 1px solid; PADDING-TOP: 0in; HEIGHT: 19.45pt; BACKGROUND-COLOR: #ffffff" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in 0pt"><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Quantitative and Qualitative Description of
      Investments in Progress and Estimated Investments</FONT></U></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>The
      Company&#146;s operational activities require regular investments in equipment
      maintenance, technological improvements, tools, vehicles, structures and
      industrial installations, among others. In addition to current
      investments, the Company also makes investments aimed at increasing its
      operational efficiency and productivity, and expanding its productive
      capacity in traditional businesses such as steel, mining and logistics, as
      well as in new businesses, such as cement. </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>In
      2009, the Company&#146;s consolidated investments totaled R$2.0 billion, the
      most important being: </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 0.75in; TEXT-INDENT: -0.5in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>(i)</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman" color=windowtext>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>R$ 426 million in expanding the Casa de Pedra
      mine;</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 0.75in; TEXT-INDENT: -0.5in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>(ii)</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman" color=windowtext>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>R$326 million in maintenance and repairs; </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 0.75in; TEXT-INDENT: -0.5in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>(iii)</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman" color=windowtext>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>R$162 million in technological improvements;</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 0.75in; TEXT-INDENT: -0.5in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>(iv)</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman" color=windowtext>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>R$47 million in expanding the Port of Itagua&#237;;
      and</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 0.75in; TEXT-INDENT: -0.5in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>(v)</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman" color=windowtext>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>R$40 million in the construction plan.</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>Funds were also invested in the Company's subsidiaries,
      as follows: CSN A&#231;os Longos S.A.: R$183 million; CSN Cimentos S.A.: R$163
      million; Transnordestina Log&#237;stica S.A.: R$141 million; MRS Log&#237;stica
      S.A.: R$125 million; Nacional Min&#233;rios S.A.: R$40 million.</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>In
      2008, the Company&#146;s consolidated investments totaled R$2.4 billion, the
      most important being: </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 0.75in; TEXT-INDENT: -0.5in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>(i)</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman" color=windowtext>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>R$454 million in expanding the Casa de Pedra
      mine;</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 0.75in; TEXT-INDENT: -0.5in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>(ii)</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman" color=windowtext>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>R$353 million in maintenance and repairs;</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 0.75in; TEXT-INDENT: -0.5in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>(iii)</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman" color=windowtext>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>R$62 million in expanding the Port of Itagua&#237;;</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 0.75in; TEXT-INDENT: -0.5in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>(iv)</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman" color=windowtext>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>R$63 million in the long steel project; and</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 0.75in; TEXT-INDENT: -0.5in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>(v)</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman" color=windowtext>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>R$79 million in technological improvements.&nbsp;
      </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>Major investments in subsidiaries in 2008 were as
      follows: </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 21.2pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>(i)&nbsp; R$428 million in MRS Log&#237;stica S.A.;</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 21.2pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>(ii)
      R$249 million in CSN Cimentos S.A.: and</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 21.2pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>(iii) R$317 million in Transnordestina Log&#237;stica S.A.
      </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>In
      2007, the Company&#146;s consolidated investments exceeded R$1.6 billion, the
      most important being: </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 0.75in; TEXT-INDENT: -0.5in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(i)</FONT><FONT 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 style="FONT-SIZE: 10pt" face="Times New Roman,serif">R$374
      million in expanding the Casa de Pedra mine;</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 0.75in; TEXT-INDENT: -0.5in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(ii)</FONT><FONT 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 style="FONT-SIZE: 10pt" face="Times New Roman,serif">R$211
      million in maintenance and repairs;</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 0.75in; TEXT-INDENT: -0.5in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(iii)</FONT><FONT 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 style="FONT-SIZE: 10pt" face="Times New Roman,serif">R$57
      million in expanding the Port of Itagua&#237;; and</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 0.75in; TEXT-INDENT: -0.5in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(iv)</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">R$43
      million in the long steel project.</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Major investments in
      subsidiaries in 2007 were as follows:</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 0.75in; TEXT-INDENT: -0.5in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(i)</FONT><FONT 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 style="FONT-SIZE: 10pt" face="Times New Roman,serif">R$215
      million in MRS Log&#237;stica S.A.;</FONT></P></TD></TR>
  <TR style="HEIGHT: 19.45pt">
    <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: 19.45pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in 0pt 0.75in; TEXT-INDENT: -0.5in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(ii)</FONT><FONT 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 style="FONT-SIZE: 10pt" face="Times New Roman,serif">R$94
      million in CSN Cimentos S.A.;</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 0.75in; TEXT-INDENT: -0.5in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(iii)</FONT><FONT 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 style="FONT-SIZE: 10pt" face="Times New Roman,serif">R$91
      million in Companhia Metal&#250;rgica Prada;</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 0.75in; TEXT-INDENT: -0.5in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(iv)</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">R$63
      million in Transnordestina Log&#237;stica S.A.; and</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 0.75in; TEXT-INDENT: -0.5in"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">(v)</FONT><FONT lang=PT-BR 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 style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;</FONT><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">R$56 million in
      Companhia de Fomento Mineral e Participa&#231;&#245;es.</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>To
      meet its growth plans, the Company plans to make several investments in
      the coming years. Given the improved global economic scenario since the
      second half of 2009, projections for higher growth in Brazil, where the
      Company should sell most of its steel output, and the fact that the
      Company's debt and cash position are both comfortable, on April 13, 2010,
      the Board of Directors approved a new investment plan for the coming years
      totaling up to R$34.7 billion, allocated as follows:</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 0.75in; TEXT-INDENT: -0.5in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(i)</FONT><FONT 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 style="FONT-SIZE: 10pt" face="Times New Roman,serif">R$11.4
      billion to the mining segment, including expanding the capacity of the
      Casa de Pedra mine to 50 million tonnes of iron ore per year, expanding
      the capacity of Nacional Min&#233;rios S.A. to 39 million tonnes of iron ore
      per year and expanding the loading capacity of the bulk solids&nbsp;
      terminal in Itagua&#237; (Tecar) to 84 million tonnes of iron ore per
      year;&nbsp;&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 0.75in; TEXT-INDENT: -0.5in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(ii)</FONT><FONT 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 style="FONT-SIZE: 10pt" face="Times New Roman,serif">R$8.8
      billion to steel production, including the beginning of long steel
      production, expected to reach 1.5 million tonnes per year from three
      plants, expanding flat steel production by 1.5 million tonnes per year,
      and other projects aimed at improving operational returns;</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 0.75in; TEXT-INDENT: -0.5in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(iii)</FONT><FONT 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 style="FONT-SIZE: 10pt" face="Times New Roman,serif">R$1.9
      billion to the cement sector, increasing grinding capacity to 2.8 million
      tonnes per year, installing a new factory with a grinding capacity of 0.6
      million tonnes per year in Arcos (MG), plus another three new plants in
      Brazil, each with a capacity of 1.0 million tonnes per year;</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 0.75in; TEXT-INDENT: -0.5in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(iv)</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">R$6.2
      billion to logistics related to the Transnordestina and the container
      terminal (Tecon);</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 0.75in; TEXT-INDENT: -0.5in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(v)</FONT><FONT 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 style="FONT-SIZE: 10pt" face="Times New Roman,serif">R$6.4
      billion to operational continuity and programs to optimize
      performance.&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>The
      Company expects to finance these investments through funds raised on the
      capital market and possible strategic partnerships, as well as loans from
      public and private banks.&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>Some
      projects that have already been announced, such as the new slab plant in
      Itagua&#237;, Rio de Janeiro, the new slab plant in Congonhas, Minas Gerais and
      the Logistic Platform Project in Itagua&#237; (excluding the ongoing
      improvements to the container terminal and the expansion of the bulk
      solids terminal), are being reassessed. </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>The
      Company&#146;s main planned investments are detailed below: </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><B><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>Mining (iron ore)</FONT></U></B></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>The
      expansion of iron ore production and port installations, the construction
      of pellet plants and, to a lesser degree, the sale of iron ore produced by
      other companies using CSN's own logistics network. The Company expects to
      raise annual sales of iron ore to 89 million tonnes by 2014, 50 million of
      which from Casa de Pedra and 39 million from Nacional Min&#233;rios S.A., in
      which the Company holds a 60% stake. It is also investing in the expansion
      of Tecar to enable exports of 84 million tonnes of iron ore per year,
      versus the current 30 million. </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>In
      addition to these ongoing projects, the Company is studying additional
      expansions, including increasing Casa de Pedra and Tecar&#146;s capacity to 70
      million and 130 million tonnes of iron ore per year, respectively, in
      addition to opportunities related to brownfield and greenfield
      projects.&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><B><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>Steel</FONT></U></B></P>
      <P style="MARGIN: 6pt 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company began its long steel brownfield
      project in Volta Redonda, Rio de Janeiro, which will be developed within
      its main steel plant. The Company plans to produce 500,000 tonnes of
      products per year at this plant, mainly rebar, taking advantage of
      existing infrastructure and energy output. It is also developing two other
      long steel projects in Brazil, each of 500,000 tonnes per year, raising
      overall capacity by 1.5 million tonnes per year. Steel investments total
      R$8.8 billion.</FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter202"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">202</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_203></A>
<a name="_bclPageBorder203"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader203"></a><DIV>&nbsp;</DIV>
<DIV align=center>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 19.45pt">
    <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; HEIGHT: 19.45pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><B><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>Cement </FONT></U></B></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>The
      Company is increasing the grinding capacity of its Volta Redonda cement
      plant to 2.8 million tonnes per year, installing a new plant with a
      grinding capacity of 0.6 million tonnes per year in Arcos (MG), and plans
      to install a further three new plants in Brazil, each with a capacity of
      1.0 million tonnes per year. These projects mark the Company&#146;s entry into
      the cement market, taking advantage of its limestone mine in Arcos (MG)
      and the slag generated by its blast furnaces. The Company is investing
      R$1.9 billion in the cement segment and plans to expand its productive
      capacity to 6.4 million tonnes per year. </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><B><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>Transnordestina </FONT></U></B></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>In
      August 2006, in order to enable the implementation of an important
      infrastructure project led by the federal government, the Company's Board
      of Directors approved the merger of Transnordestina S.A., a former state
      company, by Companhia Ferrovi&#225;ria do Nordeste (CFN), a Company affiliate
      that holds a 30 year concession granted in 1998 to operate the former
      Northeastern Network of the RFFSA and its 4,238 km of track. </FONT><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>CFN was subsequently renamed Transnordestina Log&#237;stica
      S.A., or Nova Transnordestina. </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>The Nova Transnordestina
      project includes the addition of 1,728 km of modern rail track. This
      project should increase the transportation of several products in the
      region, including iron ore, limestone, soybean, cotton, sugarcane,
      fertilizers, oil and fuels. The investments will be financed by several
      agencies, including FINOR (Northeast Investment Fund), SUDENE (Northeast
      Development Board) and the BNDES. The Company has obtained some of the
      required environmental licenses, acquired a portion of the equipment and
      contracted certain necessary services. Implementation is advanced in some
      stretches. Total investments are expected to reach R$5.4 billion.
      </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><B><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>Additional Investments </FONT></U></B></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>The
      Company is also developing energy projects to maintain its
      self-sufficiency, such as the installation of a top turbine on Blast
      Furnace 3 at the Presidente Vargas Steelworks, adding 20 MW to its current
      generating capacity. In addition to currently planned investments and
      capital expenditures on maintenance, the Company is considering possible
      acquisitions, joint ventures and brownfield or greenfield projects to
      increase or complement its steel, cement and mining capacity, as well as
      in infrastructure, logistics and electricity generation. </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><B><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>Sources of Funding for Investments</FONT></U></B></P>
      <P style="MARGIN: 6pt 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Described above. </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><B><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>Material Divestments in Progress and Estimated
      Divestments</FONT></U></B></P>
      <P style="MARGIN: 6pt 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">There are currently no material divestments
      in progress or estimated divestments.</FONT></P></TD></TR>
  <TR style="HEIGHT: 11pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 11pt" vAlign=top width="100%">
      <P style="MARGIN: 0in 0in 3pt; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">c) new products and
      services, including: </FONT></I></B></P>
      <P style="MARGIN: 0in 0in 3pt 35.45pt; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(i) description of
      research in progress that has already been disclosed;</FONT></I></B></P>
      <P style="MARGIN: 0in 0in 3pt 35.45pt; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(ii) total amounts
      spent by the Company on research to develop new products or
      services;</FONT></I></B></P>
      <P style="MARGIN: 0in 0in 3pt 35.45pt; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(iii) projects under
      development already disclosed; and</FONT></I></B><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=green>
      </FONT></I></B></P>
      <P style="MARGIN: 0in 0in 3pt 35.45pt; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(iv) total amounts
      spent by the Company on the development of new products or services.&nbsp;
      </FONT></I></B></P></TD></TR>
  <TR style="HEIGHT: 19.45pt">
    <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: 19.45pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company, a major
      producer of coated flat steel, has been continuously investing in
      improvements to its processes, products and services, with an emphasis on
      the development of new products and applications, aiming to better serve
      the current and future needs of the market. These investments include the
      following: </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 0.75in; TEXT-INDENT: -18.1pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(i)</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Pre-painted steel for
      organo-metallic fuel tanks for use in automobiles as a substitute for
      plastic tanks. The project was conceived with a new type of coated steel,
      with greater conformability, weldability and resistance to
      corrosion;</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 0.75in; TEXT-INDENT: -18.1pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(ii)</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&#147;CSN
      Extra Fino<SUP>&reg;</SUP>&#148;, a cold-rolled steel for use in domestic
      appliances and steel furniture;</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 0.75in; TEXT-INDENT: -18.1pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(iii)</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;The Innovation Center, which enables
      closer relations with customers and packagers by presenting new proposals,
      concepts and designs for expanded packages;</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 0.75in; TEXT-INDENT: -18.1pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(iv)</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Development of
      dual-phase steel, seeking to reduce the weight of automobiles.</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 0.75in; TEXT-INDENT: -18.1pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(v)</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Development of high-resistance steels, such
      as bake-hardened, rephosphorized and micro link, as well as steels with
      high conformability for exposed parts. </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">In 2009, the Company
      invested around R$40 million in R&amp;D.
</FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter203"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">203</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_204></A>
<a name="_bclPageBorder204"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader204"></a><DIV>&nbsp;</DIV>
<DIV align=center>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 11pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 11pt" vAlign=top width="100%">
      <H2 style="MARGIN: 12pt 0in 3pt"><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>10.11 Other factors significantly
      impacting operating performance that were not identified or commented on
      in other items of this section.</B></FONT></I></FONT></H2></TD></TR>
  <TR style="HEIGHT: 19.45pt">
    <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: 19.45pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">All relevant and
      pertinent information was identified or commented on in the other items in
      this section. </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>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter204"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">204</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_205></A>
<a name="_bclPageBorder205"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader205"></a><DIV><FONT style="FONT-VARIANT: normal! important" face="Times New Roman,serif"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0pt"><B>&nbsp;11.1
Projections disclosed and premises</B></FONT></I></FONT></DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;Projections should include</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">a) the purpose of the
projection</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">b) the period and validity
of the projection</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">c) the premises of the
projection showing those that may be influenced by the Company&#146;s Management and
those that are outside its control.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">d) the values of the
indicators that are the object of the projection.</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 does not
disclose projections and estimates.</FONT></P>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter205"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">205</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_206></A>
<a name="_bclPageBorder206"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader206"></a><DIV><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>11.2 &#150; Monitoring of and changes to the
disclosed projections</B></FONT></I></FONT></DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify">&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">If the Company has
disclosed projected changes in its indicators, in the past 3
years:</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"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">a) state which projections
are being replaced by those in this form and which are being repeated in the
form</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">b) for projections
corresponding to past periods, compare the projected data with the effective
performance of the indicators, clearly indicating the reasons for any
discrepancies</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">c) for projections
corresponding to periods in progress, state whether the projections are still
valid on the date the form was delivered and, if applicable, explain why they
were not abandoned or replaced</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">The Company does not
disclose projections and estimates.</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>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter206"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">206</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_207></A>
<a name="_bclPageBorder207"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader207"></a><DIV><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>12.1 Company&#146;s administrative structure, as
established in its Bylaws and internal regulations:</B></FONT></I></FONT></DIV>
<DIV align=center>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 11pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 11pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 9.65pt 6pt 7.1pt; PAGE-BREAK-AFTER: auto; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman Negrito,serif">a) duties of each body and
      committee</FONT></I></B></P></TD></TR>
  <TR style="HEIGHT: 19.45pt">
    <TD style="BORDER-RIGHT: #000000 1px solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #000000 1px solid; PADDING-TOP: 0in; HEIGHT: 19.45pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>THE
      BOARD OF DIRECTORS</FONT></B><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black> </FONT></B></P>
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>In
      addition to the duties established by law, the Board of Directors is
      responsible for:</FONT></P>
      <P style="MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>(a)</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman" color=windowtext>&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>approving the general management policy, establishing the
      general orientation of the Company&#146;s business, establishing basic
      guidelines for executive action, including in relation to production,
      sales, the transfer of technology, the use of trademarks and patents,
      financial and investment management, as well ensuring compliance with said
      guidelines;</FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black> </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 0.5in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>(b)</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman" color=windowtext>&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>calling General Meetings;</FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black>
      </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 0.5in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>(c)</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman" color=windowtext>&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>electing and removing members of the Executive Board,
      assigning their duties and designating the Investor Relations Officer, the
      only officer that can be summoned or represent the Company in
      court;</FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black> </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 0.5in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>(d)</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman" color=windowtext>&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>electing, if there is a vacancy on the Executive Board, a
      replacement to complete the term of office of the outgoing member;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black>&nbsp;</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 0.5in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>(e)</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman" color=windowtext>&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>examining the Company&#146;s books and papers, requesting
      information on documents in the Company&#146;s interest, as well as information
      on ongoing or concluded business or projects;</FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black>
      </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 0.5in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>(f)</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman" color=windowtext>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>commenting on the management report, the accounts of the
      Executive Board and the consolidated financial statements, which should be
      submitted for its approval within two months after the end of the fiscal
      year;</FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black> </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 0.5in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>(g)</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman" color=windowtext>&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>commenting on all matters required to be submitted to the
      General Meeting;</FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black> </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 0.5in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>(h)</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman" color=windowtext>&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>approving the names of the persons to be appointed by the
      Company as executives and members of the Board of Directors and the
      advisory, fiscal and deliberative councils and/or committees of civil or
      commercial companies controlled by or affiliated to the Company, as well
      as associations, foundations and other types of social group in which the
      Company participates;</FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black> </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>&nbsp;</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 0.5in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>(i)</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman" color=windowtext>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>examining the monthly results of the Company&#146;s
      operations;</FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black> </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 0.5in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>(j)</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman" color=windowtext>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>establishing guidelines for the preparation of the
      internal audit and approving said audit;</FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black>
      </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 0.5in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>(k)</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman" color=windowtext>&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>appointing and removing the Company&#146;s independent
      auditors;</FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black> </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 0.5in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>(l)</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman" color=windowtext>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>calling independent auditors to attend Board of Directors
      meetings to comment on reports, the accounts of the Executive Board, the
      balance sheet and other financial statements prepared by the Executive
      Board;</FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black> </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 0.5in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>(m)</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman" color=windowtext>&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>establishing policies for the use of tax
      incentives;</FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black> </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 0.5in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>(n)</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman" color=windowtext>&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>resolving on the transfer of the Company&#146;s resources to
      third parties, including employee associations, recreational assistance
      entities, private pension funds, foundations and public
      corporations;</FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black> </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 0.5in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>(o)</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman" color=windowtext>&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>determining inspections, audits or the rendering of
      accounts of foundations and similar entities in which the Company
      participates;</FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black> </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 0.5in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>(p)</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman" color=windowtext>&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>approving the annual and multi-year budgets, expansion
      projects and investment programs, in addition to overseeing the execution
      and performance thereof;</FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black> </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 0.5in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>(q)</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman" color=windowtext>&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>establishing the jurisdiction of the Executive Board in
      the performance of the following acts, independently of prior
      authorization of the Board of Directors:</FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black>
      </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 37.15pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>i.
      the acquisition, disposal and encumbrance of any permanent
      asset;</FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black> </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 37.15pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black>ii.
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>the execution of any legal business by the Company,
      including loans and financing,&nbsp; including with direct or indirect
      subsidiaries;</FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black> </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>&nbsp;</FONT></P></TD></TR>
  <TR style="HEIGHT: 19.45pt">
    <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: 19.45pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in 0pt 37.15pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>iii.
      the constitution of any type of guarantee or encumbrance on any asset that
      is not part of the Company&#146;s permanent assets, including for the benefit
      of or in favor of third parties as long as these third parties are
      subsidiaries or affiliates of the Company; </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black>&nbsp;</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 0.5in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>(r)</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman" color=windowtext>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>approving the Company&#146;s general management rules and
      administrative structure and resolving on human resources policies,
      including salaries;</FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black> </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 0.5in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>(s)</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman" color=windowtext>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>authorizing the opening, transfer or closure of
      franchises, branches, offices and any other type of Company establishment,
      either in Brazil or abroad;</FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black> </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 0.5in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>(t)</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman" color=windowtext>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>resolving on acts that involve the transformation,
      consolidation, spin-off, merger or winding up of companies in which the
      Company holds an interest;</FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black> </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 0.5in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>(u)</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman" color=windowtext>&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>appointing and removing the person responsible for
      internal audits, who should be a legally qualified employee of the Company
      and report to Chairman of the Board of Directors; </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black>&nbsp;</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 0.5in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>(v)</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman" color=windowtext>&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>appointing and removing the general secretary of the
      Board of Directors and defining his or her duties;</FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black>
      </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 0.5in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>(w)</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman" color=windowtext>&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>requesting, for review and establishment of criteria, the
      rules to be observed by the executive officers and employees, as well as
      any material in the Company&#146;s interest that is not the exclusive
      responsibility of the General Meeting;</FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black>&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 0.5in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>(x)</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman" color=windowtext>&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>establishing guidelines for controlling the Company's
      corporate performance;</FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black> </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 0.5in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>(y)</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman" color=windowtext>&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>authorizing the trading by the Company of its own
      shares;</FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black> </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 0.5in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>(z)</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman" color=windowtext>&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>establishing terms for the conversion, early redemption
      and other conditions for the placement of convertible or other debentures,
      when authorized by the General Meeting;</FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black>
      </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 0.5in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>(aa)</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman" color=windowtext> </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>resolving on the issue by the Company of commercial
      papers and other securities for primary or secondary distribution on the
      capital markets; </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 0.5in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>(bb)</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman" color=windowtext> </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>resolving on capital increases within the limits of
      authorized capital; </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 0.5in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>(cc)</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman" color=windowtext>&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>creating advisory committees;</FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black>
      </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 0.5in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>(dd)</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman" color=windowtext> </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>authorizing the Company&#146;s participation in other
      companies and resolving on the Company&#146;s representation at their General
      Meetings and meetings of partners and in regard to the matters submitted
      to said meetings;</FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black> </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 0.5in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>(ee)</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman" color=windowtext>&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>deciding on the constitution of Company
      subsidiaries;</FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black> </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 0.5in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>(ff)</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman" color=windowtext>&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>establishing the manner in which compensation is
      distributed to the Company&#146;s management, if the overall amount is
      determined by the General Meeting;</FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black> </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 0.5in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>(gg)</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman" color=windowtext>&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>vetoing the execution of any decisions by the Executive
      Officers that violate the provisions of these Bylaws;</FONT><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black>
      </FONT></B></P>
      <P style="MARGIN: 6pt 0in 0pt 0.5in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>(hh)</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman" color=windowtext> </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>resolving on cases of omission and exercising other legal
      attributes that do not conflict with those defined in the Company&#146;s Bylaws
      or the law in general;</FONT><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black> </FONT></B></P>
      <P style="MARGIN: 6pt 0in 0pt 0.5in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>(ii)</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman" color=windowtext>&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>electing and removing members of the Audit Committee,
      establishing their compensation, determining the Committee&#146;s duties and
      approving the operating rules to be established for its
      functioning;</FONT><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black> </FONT></B></P>
      <P style="MARGIN: 6pt 0in 6pt 35.7pt; TEXT-INDENT: -17.85pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>(jj)</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman" color=windowtext>&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>resolving on any matters that go beyond the jurisdiction
      established for the Executive Board.</FONT><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black>
      </FONT></B></P>
      <P style="MARGIN: 6pt 0in 6pt 1.7pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>EXECUTIVE BOARD </FONT></B><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black>&nbsp;</FONT></B></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>With
      due regard for the guidelines and resolutions of the Board of Directors
      and General Meeting, the Executive Board shall have authority to
      administer and manage the business of the Company, with powers to execute
      all operations related to the Company&#146;s corporate purpose, always
      respecting the jurisdiction established by the Board of Directors and the
      provisions of the Company&#146;s Bylaws </FONT><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black>&nbsp;</FONT></B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>&nbsp;</FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter207"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><STRONG></STRONG>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">207</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_208></A>
<a name="_bclPageBorder208"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader208"></a><DIV>&nbsp;</DIV>
<DIV align=center>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 19.45pt">
    <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; HEIGHT: 19.45pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in 0pt 1.7pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>It
      is incumbent upon the Executive Board to appoint an Executive Officer or
      attorney in fact with specific powers to represent the Company severally
      in certain determined acts. </FONT><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black>&nbsp;</FONT></B></P>
      <P style="MARGIN: 6pt 0in 12pt 1.7pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>For
      the specific duties of each of the Company&#146;s officers, see item 12.1 (d)
      below. </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black>&nbsp;&nbsp;</FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 1.7pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>AUDIT COMMITTEE</FONT></B><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black>
      </FONT></B></P>
      <P style="MARGIN: 6pt 0in 0pt 1.7pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>The
      duties of the Audit Committee are as follows:&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 1.7pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>a)
      reviewing, in detail, the financial statements and other public
      information on the operational performance and financial situation of the
      Company and its subsidiaries. </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 1.7pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>b)
      reviewing declarations by management in the quarterly and annual
      information.&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 1.7pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>c)
      before delivering the report on internal controls, in accordance with the
      Sarbanes-Oxley Act &#150; Section 404, requesting information from the
      Company&#146;s management and internal and external auditors on the Company&#146;s
      situation in relation to the adequacy and efficiency of the Company&#146;s
      internal financial and accounting controls, as well as the respective
      auditors' report.&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 1.7pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>d)
      discussing the following with management and the external auditors:
      </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 15.9pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>i.
      quarterly financial statements and relevant issues that may affect the
      accuracy of these statements before the formal disclosure of the operating
      results.&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 15.9pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>ii.
      the scope of the audit, the auditor&#146;s evaluation of the quality of the
      Company&#146;s accounting principles (including the relevant financial issues
      reported and evaluation of the preparation of the financial statements)
      and any and all problems or difficulties detected during the audit process
      and management&#146;s response. </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 1.7pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>e)
      evaluating the preparation and quality of audits and financial and
      accounting reviews conducted by the internal and independent external
      auditors. </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 1.7pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>f)
      supervising the functions and financial practices of the Company&#146;s
      controllership, including the supervision of the obligations of
      administrators to maintain effective internal financial and accounting
      controls. </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 1.7pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>g)
      overseeing compliance with the Company&#146;s Code of Ethics and legal and
      regulatory requirements.&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 1.7pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>h)
      reviewing the manner in which the CEO and CFO evaluate the adequacy and
      effectiveness of internal financial and accounting controls and
      determining if management encourages and maintains a propitious
      environment for the preparation of exemplary financial statements,
      including adequate coverage of matters that involve the aforementioned
      internal controls.&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 1.7pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>i)
      obtaining information from management on reports from regulatory bodies
      and authorities (i.e. the Brazilian Securities and Exchange Commission -
      CVM, the Federal Revenue Department, the Central Bank, Regulatory
      Agencies, the SEC, etc.) and the responses to same.&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 1.7pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>j)
      discussing guidelines and policies that regulate the process by which the
      Company analyzes and manages its exposure to financial and accounting
      risks.&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 1.7pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>k)
      determining and supervising procedures for handling complaints related to
      accounting, auditing or financial issues, including procedures for
      ensuring confidentiality and secrecy in the submission of concerns
      expressed by the Company&#146;s employees in relation to accounting, auditing
      or financial issues.&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 1.7pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>l)
      questioning management and the internal and external auditors on the
      existence or lack of knowledge of fraud committed by employees, suspicious
      or illegal payments or lack of compliance with laws and regulations.&nbsp;
      </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 1.7pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>m)
      discussing, with the internal and external auditors, any recommendations
      for improving internal financial and accounting controls. </FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>&nbsp;n) supervising activities related to the
      compensation of the independent auditors, including the resolution of
      discrepancies between the independent auditors and management in regard to
      financial and accounting reports</FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter208"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">208</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_209></A>
<a name="_bclPageBorder209"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader209"></a><DIV>&nbsp;</DIV>
<DIV align=center>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 19.45pt">
    <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; HEIGHT: 19.45pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in 0pt 1.7pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>o)
      conducting a self-evaluation of the performance of the Audit Committee to
      identify opportunities for improvement.&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 1.7pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>p)
      providing the Board of Directors with reports of the Committee&#146;s meetings,
      quarterly or periodically, at the discretion of the members of the Audit
      Committee.&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 1.7pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>q)
      preparing minutes of all meetings and distributing them to all members for
      their comments, prior to their final publication.&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 1.7pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>r)
      evaluating the process for rotating independent audit companies to review,
      and on a case-by-case basis, facilitate the continuation of
      services.&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt 1.7pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>s)
      approving, in advance, all audit services and other services (as
      determined by U.S. Security regulations) provided by the external
      auditors, as well as establishing policies and procedures for the prior
      approval of said services, if the Audit Committee deems it
      necessary.&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>t)
      evaluating, at least annually, the independence of the external
      auditors.</FONT></P></TD></TR>
  <TR style="HEIGHT: 11pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 11pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 9.65pt 6pt 7.1pt; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman Negrito,serif">b) date of installation of the fiscal
      council, if it is not permanent, and the dates of the creation of
      committees</FONT></I></B></P></TD></TR>
  <TR style="HEIGHT: 19.45pt">
    <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: 19.45pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>No
      fiscal council is currently installed.&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>The
      audit committee was created by the Shareholders&#146; Meeting of June 23,
      2005.</FONT></P></TD></TR>
  <TR style="HEIGHT: 11pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 11pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 9.65pt 6pt 7.1pt; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman Negrito,serif">c) mechanisms for evaluating the
      performance of each body or committee</FONT></I></B></P></TD></TR>
  <TR style="HEIGHT: 19.45pt">
    <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: 19.45pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>Currently, the Company does not possess a formal
      mechanism for evaluating the performance of each body or committee as a
      whole. However, it does posses mechanisms for evaluating the performance
      of individuals that make up the administrative bodies, descriptions of
      which can be found in item 12.1 (e) of this Reference Form.&nbsp;
      </FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>The
      Audit Committee in particular, in accordance with its functional policy,
      must periodically undertake a self-evaluation of its performance in order
      to identify opportunities for improvement.</FONT></P></TD></TR>
  <TR style="HEIGHT: 11pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 11pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 9.65pt 6pt 7.1pt; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman Negrito,serif">d) the duties and individual powers
      of the executive officers</FONT></I></B></P></TD></TR>
  <TR style="HEIGHT: 19.45pt">
    <TD style="BORDER-RIGHT: #000000 1px solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #000000 1px solid; PADDING-TOP: 0in; HEIGHT: 19.45pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>It
      is incumbent on the Chief Executive Officer to:</FONT></B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black>
      </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>a)</FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>preside over meetings of the Executive Board;</FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black>
      </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>b)</FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>exercise executive management of the Company,
      coordinating and overseeing the activities of the other Executive
      Officers, ensuring that all resolutions and guidelines established by the
      Board of Directors and the General Meeting are accurately
      observed;</FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black> </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>c)
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>organize, coordinate and oversee the activities that are
      directly subordinate to him or her;</FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black> </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>d)</FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>attribute special activities and duties to any of the
      Executive Officers, independently of their normal activities and duties,
      </FONT><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>ad referendum </FONT></I><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>of the Board of
      Directors;</FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black> </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>e)</FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      keep the </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>Board of Directors informed of the Company&#146;s
      activities;</FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black>&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>f)</FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>prepare, with the assistance of the other Executive
      Officers, and present to the Board of Directors proposals for: (i)
      defining the attributes of the other Executive Officers; and (ii)
      establishing criteria in regard to amounts or limits of expenditure for
      acts by each of the Executive Officers;</FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black>&nbsp;
      </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>g)</FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>prepare, together with the other Executive Officers, the
      annual report and general balance sheet.</FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black>
      </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>It
      is incumbent on each Executive Officer, within the specific sphere of
      activity allocated to them by the Board of Directors to: </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>a)</FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>represent the Company in accordance with the law and
      these Bylaws;</FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black> </FONT></P></TD></TR>
  <TR style="HEIGHT: 19.45pt">
    <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: 19.45pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>b)</FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>organize, coordinate and oversee the services for which
      they are responsible;</FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black> </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>c)
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      attend</FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext> meetings of the Executive Board, helping define the
      policies to be followed by the Company and reporting on matters in their
      respective areas of supervision and coordination;</FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black>
      </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>d)</FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>comply with and ensure compliance with the policies and
      general guidelines for the Company's business established by the Board of
      Directors, each Executive Officer being responsible for his or her
      specific area of activity.</FONT></P></TD></TR>
  <TR style="HEIGHT: 11pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 11pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 9.65pt 6pt 7.1pt; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman Negrito,serif">e) mechanisms for evaluating the
      performance of members of the board of directors, committees and the
      executive board</FONT></I></B></P></TD></TR>
  <TR style="HEIGHT: 19.45pt">
    <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: 19.45pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif" color=windowtext>The Company&#146;s Bylaws confer
      on the Chief Executive Officer the duties of coordinating, supervising and
      evaluating the performance of the other Executive Officers, based on
      faithful compliance with the rules and guidelines established by the Board
      of Directors and the General Meeting.&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif" color=windowtext>The Chief Executive Officer,
      in turn, is evaluated by the Board of Directors based on the Company's
      performance and certain previously established criteria.&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif" color=windowtext>The Company does not possess
      a formal mechanism for evaluating members of the Board of Directors.
      However, the General Meeting does consider the Board members' performance,
      among other criteria, when resolving on their
  re-election.</FONT></P></TD></TR></TABLE></DIV>
<a name="_bclFooter209"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">209</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_210></A>
<a name="_bclPageBorder210"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader210"></a><DIV><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>12.2 Rules, policies and practices related to
the general meetings:</B></FONT></I></FONT></DIV>
<DIV align=center>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 11pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 11pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 9.65pt 6pt 7.1pt; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman Negrito,serif">a) call notice
      terms</FONT></I></B></P></TD></TR>
  <TR style="HEIGHT: 19.45pt">
    <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: 19.45pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman,serif" color=windowtext>The Company&#146;s general
      meetings are called with at least 15 calendar days&#146; notice, in the case of
      the first call, and 8 calendar days&#146; notice, in the case of the second
      call. </FONT><FONT style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman,serif" color=black>&nbsp;</FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman,serif" color=windowtext>The CVM may, at its sole
      discretion, through a decision of its Board, at the request of any
      shareholder and after hearing the company:</FONT><FONT style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman,serif" color=black> </FONT><FONT style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman,serif" color=windowtext>(i) increase the period of
      advance notice for the first call of a general&#146; meeting of a publicly-held
      company to up to 30 days as of the date that the documents related to the
      matters to be resolved on are made available to the shareholders, if it
      believes that the shareholders would require more time to become familiar
      with and analyze the matters in question due to their complexity; and (ii)
      interrupt, for up to 15 days, the period of advance notice for an
      extraordinary general meeting of a publicly-held company in order to
      analyze the proposals to be submitted for the shareholders&#146; approval and,
      if the case, inform the company, before the end of the interruption, why
      it believes a given proposed resolution violates legal or regulatory
      provisions.</FONT></P></TD></TR>
  <TR style="HEIGHT: 11pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 11pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 9.65pt 6pt 7.1pt; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman Negrito,serif">b)
  competencies</FONT></I></B></P></TD></TR>
  <TR style="HEIGHT: 19.45pt">
    <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: 19.45pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company&#146;s Bylaws
      do not establish specific material that may only be resolved upon by
      general meetings, although the general rules laid out by article 122 of
      Brazilian Corporation Law apply.</FONT></P></TD></TR>
  <TR style="HEIGHT: 11pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 11pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 9.65pt 6pt 7.1pt; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman Negrito,serif">c) address (physical or electronic)
      where documents related to the general meeting will be available for
      analysis by shareholders</FONT></I></B></P></TD></TR>
  <TR style="HEIGHT: 19.45pt">
    <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: 19.45pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt; LETTER-SPACING: -0.3pt" face="Times New Roman,serif" color=windowtext>Documents related to matters
      on the agenda of general meetings are available to shareholders at the
      Company&#146;s headquarters, located at Rua S&#227;o Jos&#233;, n&#186; 20, grupo 1.602,
      parte, Centro, CEP 20010-020, in the city and state of Rio de Janeiro as
      well as on the websites of the Brazilian Securities and Exchange
      Commission &#150; CVM (</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.3pt" face="Times New Roman,serif" color=windowtext>www.cvm.gov.br</FONT><FONT style="FONT-SIZE: 10pt; LETTER-SPACING: -0.3pt" face="Times New Roman,serif" color=windowtext>), the Securities,
      Commodities and Futures Exchange - BM&amp;FBovespa S.A. (</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.3pt" face="Times New Roman,serif" color=windowtext>www.bmfbovespa.com.br</FONT><FONT style="FONT-SIZE: 10pt; LETTER-SPACING: -0.3pt" face="Times New Roman,serif" color=windowtext>) and the Company
      (</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.3pt" face="Times New Roman,serif" color=windowtext>www.csn.com.br/ri</FONT><FONT style="FONT-SIZE: 10pt; LETTER-SPACING: -0.3pt" face="Times New Roman,serif" color=windowtext>).</FONT></P></TD></TR>
  <TR style="HEIGHT: 11pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 11pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 9.65pt 6pt 7.1pt; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman Negrito,serif">d) identification and management of
      conflicts of interest</FONT></I></B></P></TD></TR>
  <TR style="HEIGHT: 19.45pt">
    <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: 19.45pt" vAlign=top width="100%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt; LETTER-SPACING: -0.3pt" face="Times New Roman,serif">The Company does not adopt any specific
      mechanisms for identifying conflicts of interest related to general
      meetings and in the event of such, applies the rules determined by
      Brazilian legislation. In this respect, Brazilian Corporation Law states
      that shareholders may not vote on resolutions in general meetings related
      to (i) appraisal reports on assets for which they are competing for the
      formation of capital stock;</FONT><FONT style="FONT-SIZE: 10pt; LETTER-SPACING: -0.3pt" face="Times New Roman,serif" color=black> </FONT><FONT style="FONT-SIZE: 10pt; LETTER-SPACING: -0.3pt" face="Times New Roman,serif">(ii) the approval of their accounts as an
      administrator; and (iii) any other deliberations that could benefit the
      shareholder, as an individual, or in which the interest of the shareholder
      conflicts with that of the Company. </FONT><FONT style="FONT-SIZE: 10pt; LETTER-SPACING: -0.3pt" face="Times New Roman,serif" color=black>&nbsp;&nbsp;</FONT></P>
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt; LETTER-SPACING: -0.3pt" face="Times New Roman,serif">A resolution taken as a result of the vote of
      a shareholder whose interests are in conflict with those of the Company
      may be annulled and the shareholder in question will be held responsible
      for the damage caused and will be obliged to transfer all resulting gains
      to the Company. </FONT><FONT style="FONT-SIZE: 10pt; LETTER-SPACING: -0.3pt" face="Times New Roman,serif" color=black>&nbsp;</FONT></P>
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt; LETTER-SPACING: -0.3pt" face="Times New Roman,serif">The Company&#146;s Code of Ethics, which can be
      found on the Company&#146;s website, contains terms on potential conflict of
      interest situations that are also applicable to all of its
      shareholders.</FONT></P></TD></TR>
  <TR style="HEIGHT: 11pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 11pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 9.65pt 6pt 7.1pt; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman Negrito,serif">e) request of proxies by the
      management to exercise voting rights</FONT></I></B></P></TD></TR>
  <TR style="HEIGHT: 19.45pt">
    <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: 19.45pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>The
      Company has no specific rules, policies or practices for the request of
      proxies by management in order to exercise the right to vote at general
      meetings and follows the prevailing legislation, when applicable.
      </FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center></DIV>
<a name="_bclFooter210"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">210</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_211></A>
<a name="_bclPageBorder211"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader211"></a><DIV>&nbsp;</DIV>
<DIV align=center>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 11pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 11pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 9.65pt 6pt 7.1pt; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman Negrito,serif">f) the formalities necessary for the
      acceptance of proxy instruments granted by shareholders, indicating if the
      Company accepts proxies granted by shareholders
      electronically</FONT></I></B></P></TD></TR>
  <TR style="HEIGHT: 19.45pt">
    <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: 19.45pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>In
      accordance with Brazilian Corporation Law, shareholders may be represented
      at general meetings by proxies constituted less than a year prior to the
      meeting, whether by a shareholder, administrator of the Company or lawyer.
      In the case of publicly-held companies, as is the case of the Company, the
      proxy may also be a financial institution, the joint owners of investment
      funds being represented by the fund manager. The Company does not accept
      proxies granted by shareholders electronically. </FONT></P></TD></TR>
  <TR style="HEIGHT: 11pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 11pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 9.65pt 6pt 7.1pt; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman Negrito,serif">g) maintenance of forums and web
      pages to receive and share comments posted by shareholders on the agendas
      of meetings</FONT></I></B></P></TD></TR>
  <TR style="HEIGHT: 19.45pt">
    <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: 19.45pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company does not maintain any forums or
      web pages to receive and share comments posted by shareholders on the
      agendas of meetings.</FONT></P></TD></TR>
  <TR style="HEIGHT: 11pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 11pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 9.65pt 6pt 7.1pt; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman Negrito,serif">h) live video and/or audio broadcasts
      of meetings</FONT></I></B></P></TD></TR>
  <TR style="HEIGHT: 19.45pt">
    <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: 19.45pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company does not transmit live video
      and/or audio broadcasts of its meetings. </FONT></P></TD></TR>
  <TR style="HEIGHT: 11pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 11pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 9.65pt 6pt 7.1pt; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman Negrito,serif">i) mechanisms for enabling the
      inclusion of shareholders&#146; proposals in the
agenda</FONT></I></B></P></TD></TR>
  <TR style="HEIGHT: 19.45pt">
    <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: 19.45pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">None, given that the
      inclusion of such a mechanism has never been requested of the Company. The
      Company is able to meet such a request on a case-by-case basis if it is
      presented in accordance with all legal and regulatory provisions.
      </FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 6pt 0in 6pt 56.75pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter211"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">211</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_212></A>
<a name="_bclPageBorder212"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader212"></a><DIV><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>12.3 Dates and newspapers for the publication of
information required by Law 6,404/76 </B></FONT></I></FONT></DIV>
<DIV align=left>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Year</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" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Publication</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" vAlign=top width="39%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Newspaper &#150;
      State</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" vAlign=top width="15%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Dates</FONT></B></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="12%" rowSpan=16>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">12/31/2009</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="34%" rowSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Financial statements</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="39%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><I><FONT lang=PT-BR style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Di&#225;rio Oficial do Estado do Rio de Janeiro -
      </FONT></I><FONT lang=PT-BR style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">RJ</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="15%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">03/11/2010</FONT></P></TD></TR>
  <TR>
    <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="39%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Valor Econ&#244;mico - </FONT></I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">SP</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="15%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">03/11/2010</FONT></P></TD></TR>
  <TR>
    <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="34%" rowSpan=6>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Notice to Shareholders on the availability of
      financial statements</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="39%" rowSpan=3>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><I><FONT lang=PT-BR style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Di&#225;rio Oficial do Estado do Rio de Janeiro -
      </FONT></I><FONT lang=PT-BR style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">RJ</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="15%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">03/11/2010</FONT></P></TD></TR>
  <TR>
    <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: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">04/05/2010</FONT></P></TD></TR>
  <TR>
    <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: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">04/06/2010</FONT></P></TD></TR>
  <TR>
    <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="39%" rowSpan=3>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Valor Econ&#244;mico - </FONT></I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">SP</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="15%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">03/30/2010</FONT></P></TD></TR>
  <TR>
    <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: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">03/31/2010</FONT></P></TD></TR>
  <TR>
    <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: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">04/01/2010</FONT></P></TD></TR>
  <TR>
    <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="34%" rowSpan=6>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Call Notice for the annual shareholders&#146;
      meeting to examine the financial statements</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="39%" rowSpan=3>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><I><FONT lang=PT-BR style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Di&#225;rio Oficial do Estado do Rio de Janeiro -
      </FONT></I><FONT lang=PT-BR style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">RJ</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="15%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">04/15/2010</FONT></P></TD></TR>
  <TR>
    <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: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">04/16/2010</FONT></P></TD></TR>
  <TR>
    <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: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">04/19/2010</FONT></P></TD></TR>
  <TR>
    <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="39%" rowSpan=3>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Valor Econ&#244;mico - </FONT></I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">SP</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="15%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">04/15/2010</FONT></P></TD></TR>
  <TR>
    <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: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">04/16/2010</FONT></P></TD></TR>
  <TR>
    <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: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">04/19/2010</FONT></P></TD></TR>
  <TR>
    <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="34%" rowSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Minutes of the annual shareholders&#146; meeting
      that examined the financial statements</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="39%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><I><FONT lang=PT-BR style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Di&#225;rio Oficial do Estado do Rio de Janeiro -
      </FONT></I><FONT lang=PT-BR style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">RJ</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="15%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">05/12/2010</FONT></P></TD></TR>
  <TR>
    <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="39%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Valor Econ&#244;mico - </FONT></I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">SP</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="15%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">05/12/2010</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="12%" rowSpan=16>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">12/31/2008</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="34%" rowSpan=3>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Financial statements</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="39%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><I><FONT lang=PT-BR style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Di&#225;rio Oficial do Estado do Rio de Janeiro -
      </FONT></I><FONT lang=PT-BR style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">RJ</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="15%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">04/01/2009</FONT></P></TD></TR>
  <TR>
    <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="39%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Gazeta Mercantil &#150; </FONT></I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">SP</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="15%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">03/30/2009</FONT></P></TD></TR>
  <TR>
    <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="39%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Jornal do Commercio - </FONT></I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">RJ</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="15%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">03/30/2009</FONT></P></TD></TR>
  <TR>
    <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="34%" rowSpan=9>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Call notice for the annual shareholders&#146;
      meeting that examined the financial statements</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="39%" rowSpan=3>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><I><FONT lang=PT-BR style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Di&#225;rio Oficial do Estado do Rio de Janeiro -
      </FONT></I><FONT lang=PT-BR style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">RJ</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="15%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">04/14/2009</FONT></P></TD></TR>
  <TR>
    <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: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">04/15/2009</FONT></P></TD></TR>
  <TR>
    <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: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">04/16/2009</FONT></P></TD></TR>
  <TR>
    <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="39%" rowSpan=3>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Gazeta Mercantil - </FONT></I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">SP</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="15%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">04/14/2009</FONT></P></TD></TR>
  <TR>
    <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: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">04/15/2009</FONT></P></TD></TR>
  <TR>
    <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: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">04/16/2009</FONT></P></TD></TR>
  <TR>
    <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="39%" rowSpan=3>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Jornal do Commercio - </FONT></I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">RJ</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="15%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">04/14/2009</FONT></P></TD></TR>
  <TR>
    <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: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">04/15/2009</FONT></P></TD></TR>
  <TR>
    <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: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">04/16/2009</FONT></P></TD></TR>
  <TR>
    <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="34%" rowSpan=4>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Minutes of the annual shareholders&#146; meeting
      that examined the financial statements</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="39%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><I><FONT lang=PT-BR style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Di&#225;rio Oficial do Estado do Rio de Janeiro -
      </FONT></I><FONT lang=PT-BR style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">RJ</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="15%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">05/11/2009</FONT></P></TD></TR>
  <TR>
    <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="39%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Gazeta Mercantil - </FONT></I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">SP</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="15%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">05/11/2009</FONT></P></TD></TR>
  <TR>
    <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="39%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Jornal do Commercio - </FONT></I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">RJ</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="15%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">05/11/2009</FONT></P></TD></TR>
  <TR>
    <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="39%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Valor Econ&#244;mico - </FONT></I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">SP</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="15%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">05/11/2009</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="12%" rowSpan=15>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">12/31/2007</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="34%" rowSpan=3>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Financial statements</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="39%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><I><FONT lang=PT-BR style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Di&#225;rio Oficial do Estado do Rio de Janeiro -
      </FONT></I><FONT lang=PT-BR style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">RJ</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="15%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">03/11/2008</FONT></P></TD></TR>
  <TR>
    <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="39%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Gazeta Mercantil - </FONT></I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">SP</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="15%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">03/11/2008</FONT></P></TD></TR>
  <TR>
    <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="39%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Jornal do Commercio - </FONT></I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">RJ</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="15%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">03/11/2008</FONT></P></TD></TR>
  <TR>
    <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="34%" rowSpan=9>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Call Notice for the annual shareholders&#146;
      meeting to examine the financial statements</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="39%" rowSpan=3>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><I><FONT lang=PT-BR style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Di&#225;rio Oficial do Estado do Rio de Janeiro -
      </FONT></I><FONT lang=PT-BR style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">RJ</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="15%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">04/03/2008</FONT></P></TD></TR>
  <TR>
    <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: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">04/04/2008</FONT></P></TD></TR>
  <TR>
    <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: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">04/07/2008</FONT></P></TD></TR>
  <TR>
    <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="39%" rowSpan=3>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Gazeta Mercantil - </FONT></I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">SP</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="15%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">04/03/2008</FONT></P></TD></TR>
  <TR>
    <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: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">04/04/2008</FONT></P></TD></TR>
  <TR>
    <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: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">04/07/2008</FONT></P></TD></TR>
  <TR>
    <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="39%" rowSpan=3>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Jornal do Commercio - </FONT></I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">RJ</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="15%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">04/03/2008</FONT></P></TD></TR>
  <TR>
    <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: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">04/04/2008</FONT></P></TD></TR>
  <TR>
    <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: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">04/07/2008</FONT></P></TD></TR>
  <TR>
    <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="34%" rowSpan=3>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Minutes of the annual shareholders&#146; meeting
      that examined the financial statements</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="39%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><I><FONT lang=PT-BR style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Di&#225;rio Oficial do Estado do Rio de Janeiro -
      </FONT></I><FONT lang=PT-BR style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">RJ</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="15%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">04/24/2008</FONT></P></TD></TR>
  <TR>
    <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="39%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Gazeta Mercantil - </FONT></I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">SP</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="15%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">04/22/2008</FONT></P></TD></TR>
  <TR>
    <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="39%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Jornal do Commercio - </FONT></I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">RJ</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="15%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">04/22/2008</FONT></P></TD></TR></TABLE></DIV>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter212"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">212</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_213></A>
<a name="_bclPageBorder213"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader213"></a><DIV><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>12.4 Rules, policies and practices related to
the Board of Directors:</B></FONT></I></FONT></DIV>
<DIV align=center>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 11pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 11pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 9.65pt 6pt 7.1pt; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman Negrito,serif">a) frequency of
      meetings</FONT></I></B></P></TD></TR>
  <TR style="HEIGHT: 19.45pt">
    <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: 19.45pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>The
      Board of Directors seeks to establish a calendar of monthly meetings for
      each year. </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black>&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>Extraordinary meetings of the Board of Directors can be
      scheduled by the Chairman, the members of the Board of Directors and under
      other circumstances established by the Company's Bylaws and the applicable
      legislation. </FONT></P></TD></TR>
  <TR style="HEIGHT: 11pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 11pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 9.65pt 6pt 7.1pt; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman Negrito,serif">b) if any, the provisions of the
      shareholders&#146; agreement that restrict or bind the exercise of voting
      rights by the members of the Board of Directors</FONT></I></B></P></TD></TR>
  <TR style="HEIGHT: 19.45pt">
    <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: 19.45pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">There are no such shareholders' agreements
      filed at the Company&#146;s headquarters.&nbsp; </FONT></P></TD></TR>
  <TR style="HEIGHT: 11pt">
    <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: 11pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 9.65pt 6pt 7.1pt; TEXT-ALIGN: justify"><B><I><FONT style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman Negrito,serif">c) rules for identifying and managing
      conflicts of interest</FONT></I></B></P></TD></TR>
  <TR style="HEIGHT: 19.45pt">
    <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: 19.45pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">According to
      Brazilian Corporation Law, no one who has any interests in conflict with
      those of the Company may be elected as a manager of the Company, unless
      authorized by the general meeting.&nbsp; The Law also prohibits managers
      from intervening in any corporate operation in which they have interests
      that are in conflict with those of the Company, as well as in resolutions
      made by other managers. It is also their responsibility to inform other
      managers of their inability and register, in the minutes of the Board of
      Directors&#146; or Executive Board&#146; meeting, the nature and extent of their
      interest.&nbsp; Nonetheless, the manager may enter into contracts with the
      Company under reasonable or equitable conditions identical to those
      prevailing on the market or identical to those under which the Company
      would hire third parties.&nbsp;&nbsp; </FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Moreover, the Code of
      Ethics, which is available on the Company&#146;s website, establishes specific
      rules for conflicts of interest applicable to its employees, including,
      members of the Board of Directors and Executive Board, although of whom
      signed the Term of Commitment to the Code of Ethics upon taking up office.
      </FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter213"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">213</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_214></A>
<a name="_bclPageBorder214"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader214"></a><DIV><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>12.5 - If any, describe the arbitration clause
in the Company&#146;s Bylaws for the resolution of conflicts between shareholders and
between shareholders and the Company by means of arbitration:
</B></FONT></I></FONT><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>&nbsp;</B></FONT></I></FONT></DIV>
<P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Not
applicable, as there is no arbitration clause in the Company&#146;s Bylaws for the
resolution of conflicts between shareholders and between shareholders and the
Company by means of arbitration. </FONT></P>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter214"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">214</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_215></A>
<a name="_bclPageBorder215"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader215"></a><DIV><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>12.6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Breakdown and professional experience of managers and members of the audit
committee: </B></FONT></I></FONT></DIV>
<DIV align=left>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="29%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Name</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Individual Taxpayer&#146;s ID (CPF)</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Age</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Profession</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Management body</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Position </FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Date of election</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Date of investiture</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="23%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Term of office</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Elected by controlling
    shareholder</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="100%" colSpan=5>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Other positions held</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="29%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=PT-BR style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">ALBERTO MONTEIRO DE QUEIROZ NETTO</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=PT-BR style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">843.603.807-04</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">No other positions held</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="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">42</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Business administrator</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="21%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Executive Board only</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">19 &#150; Executive Officer</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="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">09/01/2009</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">09/01/2009</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="23%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">04/30/2011</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">No</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="29%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">EN&#201;AS GARCIA DINIZ</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">657.575.057-53</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">No other positions held</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="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">50</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Engineer</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="21%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Executive Board only</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">19 &#150; Executive Officer</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="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">06/21/2005</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">06/21/2005</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="23%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">04/30/2011</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">No</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="29%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">JOS&#201; TARAGANO</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">440.944.697-53</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">No other positions held</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="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">55</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Metallurgical engineer</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="21%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Executive Board only</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">19 &#150; Executive Officer</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="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">12/15/2009</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">12/15/2009</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="23%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">04/30/2011</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">No</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="29%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=PT-BR style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">PAULO PENIDO PINTO MARQUES</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=PT-BR style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">269.139.176-00</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=PT-BR style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">No other positions held</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="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">52</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Engineer</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="21%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Executive Board only</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">19 &#150; Executive Officer and Investor Relations
      Officer</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="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">05/12/2009</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">05/12/2009</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="23%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">04/30/2011</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">No</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" 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="29%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">ALEXANDRE GON&#199;ALVES SILVA</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">022.153.817-87</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Member of the Audit Committee</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="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">65</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Engineer</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="21%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Board of Directors only</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">22 &#150; Member of the Board of Directors
      (sitting member)</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="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">11/09/2010</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">11/09/2010</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="23%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Until the next General Meeting</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Yes</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="29%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=PT-BR style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">ANT&#212;NIO FRANCISCO DOS SANTOS</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=PT-BR style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">112.375.706-20</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=PT-BR style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">No other positions held</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="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">59</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Manager</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="21%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Board of Directors only</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">27 &#150; Member of the Independent Board of
      Directors (sitting member)</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="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">12/23/1997</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">12/23/1997</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="23%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">04/30/2011</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">No</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="29%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">FERNANDO PERRONE</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">181.062.347-20</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Member of the Audit Committee</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="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">62</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Lawyer</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="21%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Board of Directors only</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">22 &#150; Member of the Board of Directors
      (sitting member)</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="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">09/26/2002</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">09/26/2002</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="23%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">04/30/2011</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Yes</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="29%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">GILBERTO SAY&#195;O DA SILVA</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">016.792.777-90</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">No other positions held</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="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">39</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Engineer</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="21%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Board of Directors only</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">22 &#150; Member of the Board of Directors
      (sitting member)</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="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">04/30/2009</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">04/30/2009</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="23%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">04/30/2011</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Yes</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="29%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">JACKS RABINOVICH</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">011.495.638-34</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">No other positions held</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="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">80</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Engineer</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="21%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Board of Directors only</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">21 &#150; Vice Chairman of the Board of Directors
      </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="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">04/23/1993</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">04/23/1993</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="23%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">04/30/2011</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Yes</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<a name="_bclFooter215"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">215</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_216></A>
<a name="_bclPageBorder216"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader216"></a><DIV>&nbsp;</DIV>
<DIV align=left>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="29%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Name</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Individual Taxpayer&#146;s ID (CPF)</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Age</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Profession</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Management body</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Position held</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Date of election</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Date of investiture</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="23%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Term of office</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Elected by controlling
    shareholder</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="100%" colSpan=5>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Other positions held</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="29%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">YOSHIAKI NAKANO</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">049.414.548-04</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Member of the Audit Committee</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="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">65</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Administrator</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="21%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Board of Directors only</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">22 &#150; Member of the Board of Directors
      (sitting member)</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="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">04/30/2004</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">04/30/2004</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="23%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">04/30/2011</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Yes</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="29%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">BENJAMIN STEINBRUCH</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">618.266.778-87</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">CEO</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="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">56</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Administrator</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="21%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Member of the Executive Board and Board of
      Directors</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">30 &#150; Chairman of the Board of Directors and
      CEO</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="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">04/23/1993</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">04/23/1993</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="23%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">04/30/2011</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Yes</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="100%" colSpan=5>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Professional experience / Statement of
      eventual convictions</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="100%" colSpan=5>
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><FONT lang=PT-BR style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">ALBERTO MONTEIRO DE QUEIROZ NETTO &#150;
      843.606.807-04</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Mr. Netto has been an Executive Officer since
      September 1, 2009 and is responsible for the treasury area.&nbsp; He is
      also CEO of CBS Previd&#234;ncia.&nbsp; He has been the CFO of Banco do Brasil,
      CEO of BB DTVM &#150; Asset Management, CEO of BESC DTVM &#150; Administradora de
      Recursos, Vice-CEO of the National Association of Investment Banks (ANBID)
      and Chairman of the Council for Better Market Practices in the Investment
      Fund Industry, Chairman of the Board of BB Securities, in London, Chairman
      of the Board of BB Broker Dealer, in New York and Director of BB Fund, in
      the Caymans. He has also been the Chairman of the Board of Directors of
      Petr&#243;leo Petrobahia, a member of the Board of Directors of Companhia de
      Eletricidade da Bahia &#150; Coelba, Neoenergia and BESC TV, a member of the
      Fiscal Councils of Gerdau, Cielo (Ex-Visanet), Coelba and Cosern and a
      member of the Deliberative Council of Fundo de Pens&#227;o do Banco do Brasil
      (PREVI).&nbsp; He has an undergraduate degree in Business Administration
      and a Master&#146;s in Administration from Funda&#231;&#227;o Get&#250;lio Vargas (FGV-RJ), an
      MBA in Corporate Finance from FGV-RJ and specialization in Banking from
      Universidade de S&#227;o Paulo (FEA-USP).</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Mr. Queiroz Netto declares, for all legal
      purposes, that over the past 5 years, he has not been subject to any
      criminal conviction, any convictions or penalty in administrative
      proceedings before the CVM or any final and unappealable decision, whether
      legal or administrative, suspending or disqualifying him from practicing
      any professional or business activity.</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="100%" colSpan=5>
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">EN&#201;AS GARCIA DINIZ &#150;
657.575.057-53</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">The Executive Officer responsible for
      Production since June 21, 2005, Mr. Diniz has worked with CSN since 1985
      and has held the following positions: General Manager of Hot Rolling,
      General Manager Maintenance, Metallurgy Director and Director of the
      Presidente Vargas Steelworks.&nbsp; With a degree in Engineering from PUC
      in Rio de Janeiro, he has specializations in Mechanical Engineering and
      Business Management from Universidade Federal Fluminense in Rio de Janeiro
      and a an&nbsp; MBA from Funda&#231;&#227;o Dom Cabral in Belo Horizonte.</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Mr. Diniz declares, for all legal purposes,
      that over the past 5 years, he has not been suject to any criminal
      conviction, any convictions or penalty in administrative proceedings
      before the CVM or any final and unappealable decision, whether legal or
      administrative, suspending or disqualifying him from practicing any
      professional or business activity.</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<a name="_bclFooter216"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">216</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_217></A>
<a name="_bclPageBorder217"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader217"></a><DIV>&nbsp;</DIV>
<DIV align=left>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <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="100%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">JOS&#201; TARAGANO &#150; 440.944.697-53</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Mr. Taragano has been an Executive Officer
      since December 15, 2009, and is responsible for the Projects area.&nbsp;
      He has also been the COO &#150; Executive Vice President of Operations of
      Brenco - Cia Brasileira de Energia Renov&#225;vel and Executive Officer and
      Packaging and Recyclables Business Officer of Klabin SA. He was Global
      Environment, Health &amp; Safety Officer of Alcoa Inc. in New York /
      Pittsburgh, Primary Products/Aluminum and Aluminum &amp; Chemical Products
      Officer, and Human Resources Officer and Superintendent of Production of
      Alcoa Latin America in S&#227;o Paulo. He has also been the Chairman of CEMPRE
      - Corporate Commission for Recycling, and served on the Health People 2010
      Business Advisory Committee in Washington and as an independent member of
      the Board of Directors of ECOSORB. He has an undergraduate degree in Metal
      Engineering from PUC-RJ, an MBA in Marketing from FIA-USP and
      complementary education from MIT / Sloan Executive Program and the Harvard
      Business School / Finance Program for Senior Executives. &nbsp;</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Mr. Taragano declares, for all legal
      purposes, that over the past 5 years, he has not been suject to any
      criminal conviction, any convictions or penalty in administrative
      proceedings before the CVM or any final and unappealable decision, whether
      legal or administrative, suspending or disqualifying him from practicing
      any professional or business activity.</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="100%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">PAULO PENIDO PINTO MARQUES &#150;
      269.139.176-00</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Mr. Marques has been an Executive Officer
      since May 12, 2009, and is responsible for controllership, performance and
      management, risk control and insurance, in addition to acting as Investor
      Relations Officer.&nbsp; Before joining CSN, he was the Vice-CEO of
      Finance, Investor Relations and Information Technology for USIMINAS &#150;
      Usinas Sider&#250;rgicas de Minas Gerais S.A. and Chief Financial Officer of
      Usiminas Mec&#226;nica S/A &#150; UMSA.&nbsp; Mr. Marques has also been a member of
      the Executive Council of ABRASCA &#150; Brazilian Association of Publicly Held
      Companies, Financial Officer of Companhia Sider&#250;rgica Paulista &#150; COSIPA,
      Mining Officer of J.Mendes, Control Officer of Fasal S/A and an Officer of
      Cons&#243;rcio Siderurgica Amazonia Ltd. (controller of Sidor &#150;
      Venezuela).&nbsp; He has also been a member of the Executive Council or
      Board of Directors of the following companies: Usiparts &#150; Sistemas
      Automotivos, Unigal, Rio Negro &#150; Com&#233;rcio e Ind&#250;stria de A&#231;o. He was also
      the Vice-CEO &#150; Finance, Credit and Risk Area of JP Morgan (Morgan Guaranty
      Trust CO. of New York), Large Corporate and Financial Institution
      Relations Officer of BANKBOSTON, Investment Officer, Vice-CEO and
      Financial Institutions and Services Officer, Vice-CEO and Senior Trader -
      International Corporate Finance, Vice-CEO Resident and Relations Manager &#150;
      Corporate, Banking Relations Manager - Corporate Banking, Trainee and
      Analyst - Corporate Banking of Citibank.&nbsp; He has a degree in
      Electrical Engineering from Universidade Federal de Minas
      Gerais.&nbsp;&nbsp; </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Mr. Marques declares, for all legal purposes,
      that over the past 5 years, he has not been suject to any criminal
      conviction, any convictions or penalty in administrative proceedings
      before the CVM or any final and unappealable decision, whether legal or
      administrative, suspending or disqualifying him from practicing any
      professional or business activity.</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="100%">
      <P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">ALEXANDRE GON&#199;ALVES SILVA &#150;
      022.153.817-87</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Mr. Silva has been a member of the Company&#146;s
      Board of Directors and Audit Committee since November 9, 2010. In the past
      five years he has been CEO of General Electric do Brasil Ltda and a member
      of the Board of Directors of TAM S.A., PDG Realty S.A. Empreendimentos e
      Participa&#231;&#245;es, Equatorial Energia S.A., Fundi&#231;&#245;es Tupy S.A. and Advisor to
      Global Infrastructure Partners (New York). Mr. Silva holds a degree in
      Mechanical Engineering from PUC/RJ.</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Mr. Silva declares, for all legal purposes,
      that over the past 5 years, he has not been subject to any criminal
      conviction, any convictions or penalty in administrative proceedings
      before the CVM or any final and unappealable decision, whether legal or
      administrative, suspending or disqualifying him from practicing any
      professional or business activity.</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<a name="_bclFooter217"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">217</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_218></A>
<a name="_bclPageBorder218"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader218"></a><DIV>&nbsp;</DIV>
<DIV align=left>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <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="100%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">ANT&#212;NIO FRANCISCO DOS SANTOS &#150;
      112.375.706-20</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Mr. dos Santos has been a member of the
      Company&#146;s Board of Directors since November 25, 1997, and is currently
      Chairman of the Board of Directors and CEO of Clube de Investimento
      CSN.&nbsp; In the last five years, he has acted as Executive Planning and
      Support Officer of Companhia Sider&#250;rgica Nacional and CEO of CSN
      Invest.&nbsp; He has an undergraduate degree in Business Administration
      and a graduate degree in Organization and Finances, both from
      Coordenadoria de P&#243;s-Gradua&#231;&#227;o e Pesquisa &#150; CECOPE and an MBA in
      Industrial Strategy and Business Management from Universidade Federal
      Fluminense &#150; UFF. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Mr. Santos declares, for all legal purposes,
      that over the past 5 years, he has not been suject to any criminal
      conviction, any convictions or penalty in administrative proceedings
      before the CVM or any final and unappealable decision, whether legal or
      administrative, suspending or disqualifying him from practicing any
      professional or business activity.</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="100%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">FERNANDO PERRONE - 181.062.347-20</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Mr. Perrone has been a member of the
      Company&#146;s Board of Directors since September 26, 2002 and a member of the
      Audit Committee since June 24, 2005, of which he is currently Chairman. He
      was Executive Infrastructure and Energy Officer of Companhia Sider&#250;rgica
      Nacional from July 10 to October 2, 2002 and an independent consultant in
      the infrastructure area.&nbsp; In the last five years, he has been a
      member of the Board of Directors of Profarma &#150; Distribuidora de F&#225;rmacos
      S.A.; a member of the Board of Directors of Jo&#227;o Fortes Engenharia S.A.;
      and a member of the Board of Directors of Energia Sustent&#225;vel S.A. He has
      an undergraduate degree in Business Administration, a course sponsored by
      &#147;Chimica&#148; Bayer S.A., an undergraduate degree in Law from Universidade
      Federal Fluminense and a graduate degree in Capital Market Economics from
      Funda&#231;&#227;o Get&#250;lio Vargas.</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Mr. Perrone declares, for all legal purposes,
      that over the past 5 years, he has not been suject to any criminal
      conviction, any convictions or penalty in administrative proceedings
      before the CVM or any final and unappealable decision, whether legal or
      administrative, suspending or disqualifying him from practicing any
      professional or business activity.</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="100%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">GILBERTO SAY&#195;O DA SILVA &#150;
      016.792.777-90</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Mr. da Silva has been a member of the
      Company&#146;s Board of Directors since April 30, 2009.&nbsp; He is currently a
      partner of Vinci Partners Investimentos Ltda. and a member of its
      Executive Committee. Previously, from 2003 to 2009, he was the CEO of UBS
      Pactual Alternative Investments (ALIN), a subsidiary of UBS Pactual Asset
      Management. He has also been a member of the Board of Directors of several
      companies, such as PDG Realty S.A. and Equatorial Energia S.A. He has a
      degree in Engineering from PUC in Rio de Janeiro. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Mr. Silva declares, for all legal purposes,
      that over the past 5 years, he has not been suject to any criminal
      conviction, any convictions or penalty in administrative proceedings
      before the CVM or any final and unappealable decision, whether legal or
      administrative, suspending or disqualifying him from practicing any
      professional or business activity.</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="100%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">JACKS RABINOVICH &#150; 011.495.638-34</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Has been a member of the Company&#146;s Board of
      Directors since April 23, 1993, and is currently the Board's
      Vice-Chairman.&nbsp; He has an undergraduate degree in Civil Engineering
      from Universidade Mackenzie, and is specialized in Textile Engineering
      from the Lowell Institute, in Massachusetts, USA.</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Mr. Rabinovich declares, for all legal
      purposes, that over the past 5 years, he has not been suject to any
      criminal conviction, any convictions or penalty in administrative
      proceedings before the CVM or any final and unappealable decision, whether
      legal or administrative, suspending or disqualifying him from practicing
      any professional or business
activity.</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<a name="_bclFooter218"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">218</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_219></A>
<a name="_bclPageBorder219"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader219"></a><DIV>&nbsp;</DIV>
<DIV align=left>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <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="100%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">YOSHIAKI NAKANO &#150; 049.414.548-04</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Mr. Nakano been a member of the Company&#146;s
      Board of Directors since April 29, 2004 and a member of the Audit
      Committee since June 24, 2005.&nbsp; In the last five years, he has been a
      professor of Economics at Funda&#231;&#227;o Get&#250;lio Vargas and Director of the
      Escola de Economia de S&#227;o Paulo of the Funda&#231;&#227;o Get&#250;lio Vargas; a member
      of the Board of Directors of Funda&#231;&#227;o de Amparo &#224; Pesquisa do Estado de
      S&#227;o Paulo &#150; FAPESP; a member of the Superior Economic Council (COSEC) of
      FIESP/IRS; and a member of the Advisory Council of Grupo P&#227;o de
      A&#231;&#250;car.&nbsp; He was previously the special Secretary of Economic Issues
      for the Ministry of Finance and the Secretary of Finance of the State of
      S&#227;o Paulo.&nbsp; He has an undergraduate degree in Business Administration
      from Funda&#231;&#227;o Get&#250;lio Vargas and a Master&#146;s and Doctorate from Cornell
      University, in the United States.</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Mr. Nakano declares, for all legal purposes,
      that over the past 5 years, he has not been suject to any criminal
      conviction, any convictions or penalty in administrative proceedings
      before the CVM or any final and unappealable decision, whether legal or
      administrative, suspending or disqualifying him from practicing any
      professional or business activity.</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="100%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">BENJAMIN STEINBRUCH -
      618.266.778-87</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Mr. Steinbruch has been a member of the Board
      of Directors since April 23, 1993, and its Chairman since April 28,
      1995.&nbsp; He has also been CSN&#146;s CEO since April 30, 2002.&nbsp; He is
      also CEO of Vicunha Siderurgia S.A., a member of the Board of Directors of
      C&#226;mara Portuguesa, the first Vice-Chairman of FIESP, a position he has
      held since September 2004, a member of FIESP's Superior Strategic Council,
      a board member of Instituto Roberto Simonsen, a board member of IEDI -
      Institute of Industrial Development Studies, and a board member of IABR &#150;
      Brazilian Steel Institute. In the last five years, Mr. Steinbruch has held
      the following positions: member of the Board of Directors and CEO of
      Vicunha Siderurgia S.A., member of the Board of Directors and
      Superintendent Executive Officer of Vicunha Stell S.A., member of the
      Board of Directors and CEO of Vicunha A&#231;os S.A. and Superintendent
      Executive Officer of Rio Purus Participa&#231;&#245;es S.A. (all corporations that
      make up CSN&#146;s controlling group), a member of the Boards of Directors of
      Companhia Metal&#250;rgica Prada, Inal Nordeste S.A. and Nacional Min&#233;iros S.A.
      (all subsidiaries of CSN) and a member of the Deliberative Council of
      Funda&#231;&#227;o CSN.&nbsp; He holds a graduate degree from Funda&#231;&#227;o Get&#250;lio
      Vargas&#146;s Escola de Administra&#231;&#227;o, in S&#227;o Paulo, and has a graduate degree
      in Marketing and Finances from Funda&#231;&#227;o Get&#250;lio Vargas - SP.</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Mr. Steinbruch declares, for all legal
      purposes, that over the past 5 years, he has not been subject to any
      criminal conviction, any convictions or penalty in administrative
      proceedings before the CVM or any final and unappealable decision, whether
      legal or administrative, suspending or disqualifying him from practicing
      any professional or business
activity.</FONT></P></TD></TR></TABLE></DIV>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter219"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">219</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_220></A>
<a name="_bclPageBorder220"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader220"></a><DIV><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>12.7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Members of statutory committees and audit, financial and compensation
committees</B></FONT></I></FONT></DIV>
<DIV align=left>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="24%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Name</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Individual Taxpayer&#146;s ID (CPF)</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Type of committee</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Description of other committees</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Position held</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Description of other positions
    held</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Profession</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Age</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; 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-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Date of election</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Date of investiture</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="21%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Term of office</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" 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; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="100%" colSpan=6>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Other positions held</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="24%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">ALEXANDRE GON&#199;ALVES DA SILVA</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">022.153.817-87</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Member of the Board of
Directors</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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Audit Committee</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="21%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Sitting member</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Engineer</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">65</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="13%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">11/09/2010</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">11/09/2010</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="21%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">04/30/2011</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="24%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">FERNANDO PERRONE</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">181.062.347-20</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Member of the Board of
Directors</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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Audit Committee</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="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Sitting member</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Lawyer</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">62</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="13%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">06/24/2005</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">06/24/2005</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="21%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">04/30/2011</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="24%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">YOSHIAKI NAKANO</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">049.414.548-04</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Member of the Board of
Directors</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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Audit Committee</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="21%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Sitting member</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Administrator</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">65</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="13%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">06/24/2005</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">06/24/2005</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="21%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">04/30/2011</FONT></P></TD></TR></TABLE></DIV>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter220"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">220</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

<A name="page_221"></A>
<a name="_bclPageBorder221"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader221"></a><DIV><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>12.9 Existence of marital or stable relationships or relationships of kinship up to the second degree between any of the managers of the Company or its subsidiaries and parent companies</B></FONT></I></FONT></DIV>
<P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><B><I><U><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Justification for not completing the chart:</FONT></U></I></B></P>
<P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Not applicable, as there are no marital or stable relationships or relationships of kinship up to the second degree between any of the Company&#146;s managers.</FONT></P>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter221"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</DIV>
<P style="TEXT-ALIGN: left">221</P>
</DIV>
<HR align=center width="100%" noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_222"></A>&nbsp;
<a name="_bclPageBorder222"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader222"></a><DIV><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>12.10 -&nbsp; Relationsahips of subordination, service provision or control in the last three fiscal years between the management of the Company or its subsidiaries, parent companies and others </B></FONT></I></FONT></DIV>
<P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><B><I><U><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Justification for not completing the chart:</FONT></U></I></B></P>
<P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">There are no subordination, service provision or control relationships between the Company&#146;s management and:</FONT></P>
<P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">- the Company&#146;s direct or indirect subsidiaries</FONT></P>
<P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">- the Company&#146;s direct or indirect controller</FONT></P>
<P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">- suppliers, customers, debtors or creditors of the Company, its subsidiaries or controllers, or the subsidiaries of any of these persons.</FONT></P>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter222"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</DIV>
<P style="TEXT-ALIGN: left">222</P>
</DIV>
<HR align=center width="100%" noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_223"></A>
<a name="_bclPageBorder223"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader223"></a><DIV><FONT style="FONT-VARIANT: small-caps"><I><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"><B>12.11 Agreements (including insurance policies) establishing the payment or refund of expenses incurred by any member of the Company&#146;s management, on account of compensation for damages to third parties or the Company, or due to penalties exacted by government agents or agreements with the purpose of concluding administrative proceedings or lawsuits through the exercise of their duties:&nbsp; </B></FONT></I></FONT></DIV>
<P style="MARGIN: 6pt 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">The Company possesses Directors and Officers liability insurance (D&amp;O) for members of the Board of Directors and the Executive Board, whose object is the payment of damages to the Company&#146;s managers and those of its subsidiaries for any losses resulting from wrongful acts or omissions that may have occurred during the exercise of their duties, under the terms of the policy. The policy is valid from 03/05/2010 to 03/05/2011 and will cover complaints presented against the insured parties after the plan has become effective. Even though the Company has contracted the policy described above, there are certain types of risk that it does not cover (such as environmental damage, physical injury and/or material damages and fines). Thus, if any of these events were to occur, the Company would be subject to additional costs.</FONT></P>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter223"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</DIV>
<P style="TEXT-ALIGN: left">223</P>
</DIV>
<HR align=center width="100%" noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>
<A name=page_224></A>
<a name="_bclPageBorder224"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader224"></a><DIV><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>12.12 - Provide any other information that the
Company deems relevant:&nbsp; </B></FONT></I></FONT></DIV>
<P style="MARGIN: 6pt 9.65pt 6pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">There is no other
information that the Company deems relevant. </FONT></P>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter224"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">224</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_225></A>
<a name="_bclPageBorder225"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader225"></a><DIV><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>13.1 </B></FONT></I></FONT><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>Policies and practices for the compensation of
members of the board of directors, executive board, fiscal council, statutory
committees, audit, risk and financial and compensation committees, addressing
the following aspects: </B></FONT></I></FONT></DIV>
<P style="MARGIN: 6pt 9.65pt 6pt 0in; TEXT-ALIGN: justify"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">a. objectives of the compensation policy or
practice:</FONT></I></B></P>
<P style="MARGIN: 6pt 9.65pt 6pt 0in; TEXT-ALIGN: justify"><U><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Board of
Directors:</FONT></U></P>
<P style="MARGIN: 6pt 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company offers
compensation compatible with each position&#146;s responsibilities, considering that
the Board of Directors determines the Company&#146;s policies and guidelines,
overseeing their implementation by the Company&#146;s executive officers.</FONT></P>
<P style="MARGIN: 6pt 9.65pt 0pt 0in; TEXT-ALIGN: justify"><U><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Statutory Executive
Board:</FONT></U></P>
<P style="MARGIN: 6pt 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company guarantees
competitive compensation, in line with that offered in the market to senior
management, compatible with each position&#146;s responsibilities, taking into
consideration the executive&#146;s responsibility and commitment to the Company&#146;s
strategic goals, within an increasingly competitive and globalized
scenario.</FONT></P>
<P style="MARGIN: 6pt 9.65pt 0pt 0in; TEXT-ALIGN: justify"><U><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Non-Statutory Executive
Board:</FONT></U></P>
<P style="MARGIN: 6pt 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company&#146;s compensation
practices focus on ensuring both internal equilibrium (between members of
management) and external equilibrium (compensation that is competitive in
relation to the market) to attract, retain and motivate its executives and
achieve the Company&#146;s strategic goals, within an increasingly competitive and
globalized scenario.</FONT></P>
<P style="MARGIN: 6pt 9.65pt 0pt 0in; TEXT-ALIGN: justify"><U><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Audit
Committee:</FONT></U></P>
<P style="MARGIN: 6pt 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company guarantees
compensation compatible with the position&#146;s responsibilities, considering that
audit committee members have to guarantee transparency of information and render
accounts to management. </FONT></P>
<P style="MARGIN: 6pt 9.65pt 0pt 0in; TEXT-ALIGN: justify"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">b. compensation breakdown, including:&nbsp;
</FONT></I></B></P>
<P style="MARGIN: 6pt 9.65pt 0pt 0in; TEXT-ALIGN: justify"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">(i)
a description of the compensation elements and the purpose of each;
</FONT></I></P>
<P style="MARGIN: 6pt 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Board of Directors: </FONT></P>
<P style="MARGIN: 6pt 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Members of the Board of Directors receive fixed
remuneration only, i.e. a monthly salary determined by the Board of Directors&#146;
meeting, guaranteeing compensation compatible with the position. All Board
members are paid the same amount, except for those who are also members of the
Audit Committee and, therefore, receive an additional amount due to the exercise
of both positions.</FONT></P>
<P style="MARGIN: 6pt 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Statutory </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Executive Board</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">: Members of the Statutory </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Executive Board</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif"> are entitled to overall annual compensation
comprising a fixed monthly salary, a variable performance-based bonus and other
bonuses, ensuring compensation compatible with their positions.</FONT></P>
<P style="MARGIN: 6pt 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">*
</FONT><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Other Bonuses</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">:
The Company may eventually pay extra bonuses as part of variable compensation as
recognition for specific jobs, projects or special goals, basically linked to
said projects. These bonuses are usually calculated based on monthly salaries or
other compensation elements compatible with the expected outcome expected of the
project as well as thegoals attributed to each statutory executive officer.
Figures related to these non-recurring bonuses are shown in the table in item
13.2 below as &#147;other&#148;, under variable compensation. </FONT></P>
<P style="MARGIN: 6pt 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">They are also entitled to other benefits, including
a health plan, dental plan, life insurance, private pension plan and an annual
health checkup. The Company&#146;s CEO is also entitled to an armored vehicle and
driver.</FONT></P>
<P style="MARGIN: 6pt 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Non-Statutory </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Executive Board</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">:</FONT><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">
</FONT></I></B></P>
<P style="MARGIN: 6pt 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Members of the Non-Statutory </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Executive
Board</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif"> receive fixed and variable compensation. The fixed
portion includes a monthly salary, paid vacations and the mandatory
13<SUP>th</SUP> salary, as established by labor legislation, guaranteeing
compensation compatible with their positions. Bonuses are based on results
achieved by the Company and the officer&#146;s specific area, as well as individual
performance. These bonuses are paid annually as part of the profit sharing
program, ensuring compensation compatible with their
positions.</FONT><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">
</FONT></I></B></P>
<P style="MARGIN: 6pt 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Other benefits include a health plan, dental plan,
life insurance, private pension plan, meal and supermarket vouchers, and an
annual health checkup. </FONT></P>
<P style="MARGIN: 6pt 9.65pt 0pt 0in; TEXT-ALIGN: justify"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif"></FONT></I></B>&nbsp;</P>
<a name="_bclFooter225"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">225</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>
<P><A name=page_226></A></P>
<P><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Audit Committee:</FONT><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif"></FONT></I></B></P>
<a name="_bclPageBorder226"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader226"></a><DIV><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Members of the Audit Committee receive fixed
remuneration only, comprising a monthly salary determined by a Board of
Directors&#146; meeting, ensuring compensation compatible with the position. All
committee members are paid the same amount, except for those who are also
members of the Board of Directors and, therefore, receive an additional amount
due to the exercise of both positions. </FONT></DIV>
<P style="MARGIN: 6pt 9.65pt 0pt 0in; TEXT-ALIGN: justify"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">(ii) Proportion of each component in relation to
overall compensation; </FONT></I></P>
<P style="MARGIN: 6pt 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">In
the case of members of the Board of Directors and Audit Committee, their fixed
compensation represents 100% of their overall compensation. </FONT></P>
<P style="MARGIN: 6pt 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">In
the case of members of the Statutory </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Executive Board, their
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">fixed compensation generally corresponds to 100% of
their total compensation. In certain cases, however, the proportions will be 50%
fixed and 50% variable, or a different ratio that better matches the executive
officer&#146;s responsibilities and the conditions agreed upon with the Company.
</FONT></P>
<P style="MARGIN: 6pt 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">In
the case of members of the Non-Statutory </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Executive Board,
</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">this ratio was 53% fixed and 47%
variable.</FONT></P>
<P style="MARGIN: 6pt 9.65pt 0pt 0in; TEXT-ALIGN: justify"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">(iii) Methodology for calculating and adjusting
each compensation element;&nbsp;&nbsp; </FONT></I></P>
<P style="MARGIN: 6pt 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Board of Directors:</FONT><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">
</FONT></I></B></P>
<P style="MARGIN: 6pt 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">The
fixed annual compensation of the Board of Directors' members is paid in 12
monthly installments, and there are no previously established adjustment
criteria. </FONT></P>
<P style="MARGIN: 6pt 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Statutory Executive Board:</FONT><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif"> </FONT></I></B></P>
<P style="MARGIN: 6pt 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">The
fixed annual compensation is paid in 12 monthly installments. Bonuses may also
be paid, depending on the Company&#146;s results. </FONT></P>
<P style="MARGIN: 6pt 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Bonuses are paid within the calendar year in a
pre-defined month, which may vary with each officer, but, in general, payment is
in April of each year after the percentage of goals achieved has been
verified.&nbsp; </FONT></P>
<P style="MARGIN: 6pt 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">The
overall compensation (salary + bonus) is determined at the beginning of each
2-year mandate and may be renegotiated upon contract renewal if in the interest
of both parties.</FONT></P>
<P style="MARGIN: 6pt 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Non-Statutory Executive Board:</FONT><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif"> </FONT></I></B></P>
<P style="MARGIN: 6pt 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Fixed annual compensation is paid in thirteen
monthly installments. Non-Statutory Officers also receive 33.33% of their
monthly salary as a vacation payment as provided by labor legislation, and an
extra 36.67% of their salary as a bonus for voluntary vacations. </FONT></P>
<P style="MARGIN: 6pt 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Pay rises are determined
based on salary variations on the executive market, based on the assessment of
an independent specialized consulting firm, or based on accrued inflation in the
last twelve months. Pay rises are annual. </FONT></P>
<P style="MARGIN: 6pt 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Bonuses are paid every
April, </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">after the percentage of goals achieved has been
verified</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">. Executive officers are entitled to bonuses of up
to 12 salaries. There is no fixed annual increase applied to bonuses.&nbsp;
</FONT></P>
<P style="MARGIN: 6pt 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Audit Committee:
</FONT></P>
<P style="MARGIN: 6pt 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">The
fixed annual compensation of the </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">members of the Audit Committee is paid in 12
monthly installments. There are no pre-defined adjustment criteria.</FONT></P>
<P style="MARGIN: 6pt 9.65pt 0pt 0in; TEXT-ALIGN: justify"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">(iv) Description of compensation elements
</FONT></I></P>
<P style="MARGIN: 6pt 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">BOARD OF DIRECTORS: fixed compensation based on
market practices. </FONT></P>
<P style="MARGIN: 6pt 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">STATUTORY EXECUTIVE OFFICERS: fixed compensation
based on market practices and variable compensation based on the Company&#146;s
results and individual performance. </FONT></P>
<P style="MARGIN: 6pt 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">NON-STATUTORY EXECUTIVE OFFICERS: fixed
compensation based on market practices and variable compensation based on the
Company&#146;s results and individual performance. </FONT></P>
<P style="MARGIN: 6pt 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">AUDIT COMMITTEE: fixed compensation based on market
practices.</FONT><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">
</FONT></I></B></P>
<P style="MARGIN: 6pt 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">NOTE: bonuses are based on the Company&#146;s results,
and those of the officer&#146;s specific area, as well as individual
performance.</FONT></P>
<P style="MARGIN: 6pt 9.65pt 0pt 0in; TEXT-ALIGN: justify"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">c. main performance indicators for determining each
compensation element: </FONT></I></B></P>
<P style="MARGIN: 6pt 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Fixed compensation: the responsibilities of the
position, based on evaluation through a specific methodology, conducted by an
external consulting firm specialized in compensation. </FONT></P>
<a name="_bclFooter226"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">226</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_227></A>
<a name="_bclPageBorder227"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader227"></a><DIV><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif"></FONT>&nbsp;</DIV>
<a name="_bclHeader227"></a><DIV><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Variable compensation: based on the results of the
Company and each specific operational segment that may be subordinated to the
executive officer or executive in question. The indicators assessed to determine
these results include net income, net revenue, total expenses before
depreciation and the EBITDA margin. A percentage of each executive officer&#146;s
variable compensation is based on pre-determined individual goals. Executive
officers may also receive additional bonuses as recognition for specific jobs,
projects or special goals attained. </FONT></DIV>
<P style="MARGIN: 6pt 9.65pt 0pt 0in; TEXT-ALIGN: justify"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">d. the structuring of compensation to reflect the
evolution of performance indicators: </FONT></I></B></P>
<P style="MARGIN: 6pt 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">At
the beginning of each year, the Company defines its overall goals. These goals
are then broken down, as applicable, between the Company&#146;s different operational
segments. Each executive or executive officer will then be able negotiate their
own individual goals. Compliance with these goals is periodically assessed
throughout the year and verified at year-end. The final assessment is one of the
parameters used to calculate bonuses, along with the percentage achievement of
each indicator described in sub-item &#147;c&#148; above. Maximum variable compensation is
based on salary units paid to executives or executive officers, and the final
amount will correspond to what percentage of their goals they have
achieved.&nbsp; </FONT></P>
<P style="MARGIN: 6pt 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">All
goals established for each executive officer or executive correspond to a
certain percentage of achievement of the goals mentioned above given that, in
general, 50% of the weighted average will correspond to the Company&#146;s financial
indicators and the operational segment under the responsibility of said
executive or executive officer, and the remaining 50%, to his or her individual
performance.</FONT></P>
<P style="MARGIN: 6pt 9.65pt 0pt 0in; TEXT-ALIGN: justify"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">e. Alignment of compensation policies and practices
with the Company&#146;s interest in the short, medium and long term:
</FONT></I></B></P>
<P style="MARGIN: 6pt 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">The
Company&#146;s compensation policy is in line with its short, medium and long-term
interests, determined by the Strategic Management Cycle, through which goals are
broken down through strategic planning, budget planning, performance follow-up
and verification of results, establishing performance-based compensation. These
practices are sustained due to: </FONT></P>
<P style="MARGIN: 6pt 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">&nbsp;A focus on strategic objectives, involving
initiatives that significantly contribute to the continuous improvement of the
Company&#146;s performance.&nbsp; </FONT></P>
<P style="MARGIN: 6pt 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Assessment and verification of the organization's
results objectives envisaged in the budget and variations to judge if these
objectives are being complied with.</FONT></P>
<P style="MARGIN: 6pt 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Determination based on a breakdown of the Company&#146;s
goals. </FONT></P>
<P style="MARGIN: 6pt 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Clear description, formulas and pre-defined
sources, ensuring easy understanding and verification. &nbsp;</FONT></P>
<P style="MARGIN: 6pt 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Comparison of best practices and standardization of
the evaluation. </FONT></P>
<P style="MARGIN: 6pt 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">These elements are aimed at achieving excellent
results.</FONT></P>
<P style="MARGIN: 6pt 9.65pt 0pt 0in; TEXT-ALIGN: justify"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">f. Existence of compensation supported by direct or
indirect subsidiaries or controlling companies:&nbsp; </FONT></I></B></P>
<P style="MARGIN: 6pt 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">There is no compensation supported by direct or
indirect subsidiaries or controlling companies. </FONT></P>
<P style="MARGIN: 6pt 9.65pt 0pt 0in; TEXT-ALIGN: justify"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">g. Existence of any compensation or benefit bound
to a specific corporate event such as disposal of the Company&#146;s control:
</FONT></I></B></P>
<P style="MARGIN: 6pt 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">There is no compensation or benefit bound to
corporate events.</FONT></P>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter227"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">227</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_228></A>
<a name="_bclPageBorder228"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader228"></a><DIV><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>13.2 Total compensation of the Board of
Directors, Statutory Executive Board and Fiscal
Council</B></FONT></I></FONT></DIV>
<DIV align=left>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="100%" colSpan=5>
      <P style="MARGIN: 0in 9.65pt 0pt 0in; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Total compensation for the fiscal year ended
      December 31, 2009 &#150; annual amounts</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="20%">
      <P style="MARGIN: 0in 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="20%">
      <P style="MARGIN: 0in 9.65pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Board of Directors</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="20%">
      <P style="MARGIN: 0in 9.65pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Statutory Executive Board</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="20%">
      <P style="MARGIN: 0in 9.65pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Fiscal Council</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="20%">
      <P style="MARGIN: 0in 9.65pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Total</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="20%">
      <P style="MARGIN: 0in 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">No. of members</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="20%">
      <P style="MARGIN: 0in 3.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">7.67</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="20%">
      <P style="MARGIN: 0in 3.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">5.67</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="20%">
      <P style="MARGIN: 0in 3.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" 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="20%">
      <P style="MARGIN: 0in 3.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">13.34</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="20%">
      <P style="MARGIN: 0in 9.65pt 0pt 0in; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Fixed&nbsp; annual
    compensation</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="20%">
      <P style="MARGIN: 0in 3.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" 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="20%">
      <P style="MARGIN: 0in 3.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" 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="20%">
      <P style="MARGIN: 0in 3.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" 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="20%">
      <P style="MARGIN: 0in 3.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" 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; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="20%">
      <P style="MARGIN: 0in 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Salary or </FONT><I><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">pro labore</FONT></I></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="20%">
      <P style="MARGIN: 0in 3.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">1,104,000.00</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="20%">
      <P style="MARGIN: 0in 3.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">6,835,097.00</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="20%">
      <P style="MARGIN: 0in 3.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" 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="20%">
      <P style="MARGIN: 0in 3.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">7,939,097.00</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="20%">
      <P style="MARGIN: 0in 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Direct and indirect benefits</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="20%">
      <P style="MARGIN: 0in 3.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">0.00</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="20%">
      <P style="MARGIN: 0in 3.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">387,890.00</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="20%">
      <P style="MARGIN: 0in 3.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" 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="20%">
      <P style="MARGIN: 0in 3.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">387,890.00</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="20%">
      <P style="MARGIN: 0in 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Participation in committees</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="20%">
      <P style="MARGIN: 0in 3.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">360,000.00</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="20%">
      <P style="MARGIN: 0in 3.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">0.00</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="20%">
      <P style="MARGIN: 0in 3.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" 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="20%">
      <P style="MARGIN: 0in 3.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">360,000.00</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="20%">
      <P style="MARGIN: 0in 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Other</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="20%">
      <P style="MARGIN: 0in 3.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">0.00</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="20%">
      <P style="MARGIN: 0in 3.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">0.00</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="20%">
      <P style="MARGIN: 0in 3.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" 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="20%">
      <P style="MARGIN: 0in 3.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">0.00</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="20%">
      <P style="MARGIN: 0in 9.65pt 0pt 0in; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Variable compensation</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="20%">
      <P style="MARGIN: 0in 3.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" 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="20%">
      <P style="MARGIN: 0in 3.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" 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="20%">
      <P style="MARGIN: 0in 3.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" 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="20%">
      <P style="MARGIN: 0in 3.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" 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; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="20%">
      <P style="MARGIN: 0in 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Bonus </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="20%">
      <P style="MARGIN: 0in 3.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">0.00</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="20%">
      <P style="MARGIN: 0in 3.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">11,045,503.00</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="20%">
      <P style="MARGIN: 0in 3.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" 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="20%">
      <P style="MARGIN: 0in 3.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">11,045,503.00</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="20%">
      <P style="MARGIN: 0in 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Profit sharing</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="20%">
      <P style="MARGIN: 0in 3.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">0.00</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="20%">
      <P style="MARGIN: 0in 3.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">0.00</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="20%">
      <P style="MARGIN: 0in 3.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" 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="20%">
      <P style="MARGIN: 0in 3.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">0.00</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="20%">
      <P style="MARGIN: 0in 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Participation in meetings</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="20%">
      <P style="MARGIN: 0in 3.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">0.00</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="20%">
      <P style="MARGIN: 0in 3.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">0.00</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="20%">
      <P style="MARGIN: 0in 3.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" 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="20%">
      <P style="MARGIN: 0in 3.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">0.00</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="20%">
      <P style="MARGIN: 0in 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Commissions</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="20%">
      <P style="MARGIN: 0in 3.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">0.00</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="20%">
      <P style="MARGIN: 0in 3.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">0.00</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="20%">
      <P style="MARGIN: 0in 3.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" 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="20%">
      <P style="MARGIN: 0in 3.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">0.00</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="20%">
      <P style="MARGIN: 0in 9.65pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Other</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="20%">
      <P style="MARGIN: 0in 3.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">0.00</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="20%">
      <P style="MARGIN: 0in 3.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">2,193,300.00</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="20%">
      <P style="MARGIN: 0in 3.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" 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="20%">
      <P style="MARGIN: 0in 3.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">2,193,300.00</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="20%">
      <P style="MARGIN: 0in 9.65pt 0pt 0in; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Post-employment benefits</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="20%">
      <P style="MARGIN: 0in 3.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">0.00</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="20%">
      <P style="MARGIN: 0in 3.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">75,295.00</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="20%">
      <P style="MARGIN: 0in 3.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" 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="20%">
      <P style="MARGIN: 0in 3.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">75,295.00</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="20%">
      <P style="MARGIN: 0in 9.65pt 0pt 0in; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Benefits due to
      interruption of position</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="20%">
      <P style="MARGIN: 0in 3.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">0.00</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="20%">
      <P style="MARGIN: 0in 3.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">0.00</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="20%">
      <P style="MARGIN: 0in 3.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" 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="20%">
      <P style="MARGIN: 0in 3.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">0.00</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="20%">
      <P style="MARGIN: 0in 9.65pt 0pt 0in; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Share-based
      compensation</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="20%">
      <P style="MARGIN: 0in 3.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">0.00</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="20%">
      <P style="MARGIN: 0in 3.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">0.00</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="20%">
      <P style="MARGIN: 0in 3.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" 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="20%">
      <P style="MARGIN: 0in 3.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">0.00</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="20%">
      <P style="MARGIN: 0in 9.65pt 0pt 0in; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Total
      compensation</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="20%">
      <P style="MARGIN: 0in 3.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">1,464,000.00</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="20%">
      <P style="MARGIN: 0in 3.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">20,537,085.00</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="20%">
      <P style="MARGIN: 0in 3.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" 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="20%">
      <P style="MARGIN: 0in 3.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">22,001,085.00</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 6pt 9.65pt 6pt 0in; TEXT-ALIGN: justify"><FONT lang=PT-BR style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter228"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">228</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_229></A>
<a name="_bclPageBorder229"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader229"></a><DIV><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>13.3 Variable compensation in the last three
years and compensation expected for the current year for the Board of Directors,
Statutory Executive Board and Fiscal Council: </B></FONT></I></FONT></DIV>
<DIV align=center>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 12.75pt">
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.75pt" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><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; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt" vAlign=bottom width="27%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 116%" face="Times New Roman,serif">Board of Directors</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt" vAlign=bottom width="27%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 116%" face="Times New Roman,serif">Fiscal Council</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt" vAlign=bottom width="26%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 116%" face="Times New Roman,serif">Statutory Executive
Board</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.75pt" vAlign=top width="20%">
      <P style="MARGIN: 0in 0in 20pt; TEXT-ALIGN: justify"><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; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt" vAlign=bottom width="14%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">2009</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #000000 1px solid; HEIGHT: 12.75pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">2010</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">2009</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt" vAlign=bottom width="14%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">2010</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">2009</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt" vAlign=bottom width="13%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">2010</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <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: 12.75pt" vAlign=bottom width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 116%" face="Times New Roman,serif">Number of members</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; HEIGHT: 12.75pt" vAlign=top width="14%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>N/A</FONT></P></TD>
    <TD style="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: 12.75pt" vAlign=top width="13%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>N/A</FONT></P></TD>
    <TD style="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: 12.75pt" vAlign=top width="13%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>N/A</FONT></P></TD>
    <TD style="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: 12.75pt" vAlign=top width="14%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>N/A</FONT></P></TD>
    <TD style="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: 12.75pt" vAlign=top width="13%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>5.67</FONT></P></TD>
    <TD style="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: 12.75pt" vAlign=top width="13%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>7.42</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 12.75pt" vAlign=bottom width="100%" colSpan=7>
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Bonus</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 25.5pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 25.5pt" vAlign=bottom width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 116%" face="Times New Roman,serif">Minimum amount expected for the compensation
      plan</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; HEIGHT: 25.5pt" vAlign=top width="14%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>N/A</FONT></P></TD>
    <TD style="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: 25.5pt" vAlign=top width="13%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>N/A</FONT></P></TD>
    <TD style="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: 25.5pt" vAlign=top width="13%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>N/A</FONT></P></TD>
    <TD style="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: 25.5pt" vAlign=top width="14%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>N/A</FONT></P></TD>
    <TD style="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: 25.5pt" vAlign=top width="13%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>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; HEIGHT: 25.5pt" vAlign=top width="13%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>0</FONT></P></TD></TR>
  <TR style="HEIGHT: 25.5pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 25.5pt" vAlign=bottom width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 116%" face="Times New Roman,serif">Maximum amount expected for the compensation
      plan <SUP>1</SUP></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; HEIGHT: 25.5pt" vAlign=top width="14%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>N/A</FONT></P></TD>
    <TD style="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: 25.5pt" vAlign=top width="13%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>N/A</FONT></P></TD>
    <TD style="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: 25.5pt" vAlign=top width="13%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>N/A</FONT></P></TD>
    <TD style="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: 25.5pt" vAlign=top width="14%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>N/A</FONT></P></TD>
    <TD style="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: 25.5pt" vAlign=top width="13%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>R$11,504,038</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; HEIGHT: 25.5pt" vAlign=top width="13%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>R$17,258,174</FONT></P></TD></TR>
  <TR style="HEIGHT: 25.5pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 25.5pt" vAlign=bottom width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 116%" face="Times New Roman,serif">Amount expected for the compensation plan &#150;
      goals achieved <SUP>2</SUP></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; HEIGHT: 25.5pt" vAlign=top width="14%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>N/A</FONT></P></TD>
    <TD style="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: 25.5pt" vAlign=top width="13%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>N/A</FONT></P></TD>
    <TD style="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: 25.5pt" vAlign=top width="13%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>N/A</FONT></P></TD>
    <TD style="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: 25.5pt" vAlign=top width="14%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>N/A</FONT></P></TD>
    <TD style="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: 25.5pt" vAlign=top width="13%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>R$11,504,038</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; HEIGHT: 25.5pt" vAlign=top width="13%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>R$17,258,174</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 12.75pt" vAlign=bottom width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 116%" face="Times New Roman,serif">Actual amount booked</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; HEIGHT: 12.75pt" vAlign=top width="14%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>N/A</FONT></P></TD>
    <TD style="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: 12.75pt" vAlign=top width="13%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>N/A</FONT></P></TD>
    <TD style="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: 12.75pt" vAlign=top width="13%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>N/A</FONT></P></TD>
    <TD style="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: 12.75pt" vAlign=top width="14%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>N/A</FONT></P></TD>
    <TD style="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: 12.75pt" vAlign=top width="13%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>R$13,238,803</FONT></P></TD>
    <TD style="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: 12.75pt" vAlign=top width="13%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>R$17,258,174</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 12.75pt" vAlign=bottom width="100%" colSpan=7>
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Profit sharing</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 25.5pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 25.5pt" vAlign=bottom width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 116%" face="Times New Roman,serif">Minimum amount expected for the compensation
      plan</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; HEIGHT: 25.5pt" vAlign=top width="14%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>N/A</FONT></P></TD>
    <TD style="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: 25.5pt" vAlign=top width="13%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>N/A</FONT></P></TD>
    <TD style="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: 25.5pt" vAlign=top width="13%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>N/A</FONT></P></TD>
    <TD style="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: 25.5pt" vAlign=top width="14%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>N/A</FONT></P></TD>
    <TD style="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: 25.5pt" vAlign=top width="13%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>N/A</FONT></P></TD>
    <TD style="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: 25.5pt" vAlign=top width="13%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>N/A</FONT></P></TD></TR>
  <TR style="HEIGHT: 25.5pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 25.5pt" vAlign=bottom width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 116%" face="Times New Roman,serif">Maximum amount expected for the compensation
      plan</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; HEIGHT: 25.5pt" vAlign=top width="14%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>N/A</FONT></P></TD>
    <TD style="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: 25.5pt" vAlign=top width="13%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>N/A</FONT></P></TD>
    <TD style="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: 25.5pt" vAlign=top width="13%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>N/A</FONT></P></TD>
    <TD style="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: 25.5pt" vAlign=top width="14%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>N/A</FONT></P></TD>
    <TD style="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: 25.5pt" vAlign=top width="13%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>N/A</FONT></P></TD>
    <TD style="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: 25.5pt" vAlign=top width="13%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>N/A</FONT></P></TD></TR>
  <TR style="HEIGHT: 25.5pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 25.5pt" vAlign=bottom width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 116%" face="Times New Roman,serif">Amount expected for the compensation plan &#150;
      goals achieved</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; HEIGHT: 25.5pt" vAlign=top width="14%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>N/A</FONT></P></TD>
    <TD style="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: 25.5pt" vAlign=top width="13%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>N/A</FONT></P></TD>
    <TD style="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: 25.5pt" vAlign=top width="13%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>N/A</FONT></P></TD>
    <TD style="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: 25.5pt" vAlign=top width="14%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>N/A</FONT></P></TD>
    <TD style="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: 25.5pt" vAlign=top width="13%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>N/A</FONT></P></TD>
    <TD style="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: 25.5pt" vAlign=top width="13%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>N/A</FONT></P></TD></TR>
  <TR style="HEIGHT: 12.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 12.75pt" vAlign=bottom width="20%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 116%" face="Times New Roman,serif">Actual amount booked</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; HEIGHT: 12.75pt" vAlign=top width="14%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>N/A</FONT></P></TD>
    <TD style="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: 12.75pt" vAlign=top width="13%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>N/A</FONT></P></TD>
    <TD style="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: 12.75pt" vAlign=top width="13%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>N/A</FONT></P></TD>
    <TD style="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: 12.75pt" vAlign=top width="14%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>N/A</FONT></P></TD>
    <TD style="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: 12.75pt" vAlign=top width="13%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>N/A</FONT></P></TD>
    <TD style="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: 12.75pt" vAlign=top width="13%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>N/A</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt 0.2in"><SUP><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">1</FONT></SUP><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">The maximum
amount in 2009 was lower than the actual amount booked due to the payment of
special bonuses. </FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.2in; TEXT-ALIGN: justify"><SUP><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">2</FONT></SUP><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">The maximum
amount expected for the variable compensation plan considers the complete
achievement of the established goals, with no additional payment if said goals
are exceeded. When defining each Executive Officers&#146; goals, the Company expects
these goals to be fully achieved and, therefore, the amount under &#147;actual amount
booked&#148; for the current year is the same amount expected if the goals are 100%
achieved. </FONT></P>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter229"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">229</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_230></A>
<a name="_bclPageBorder230"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader230"></a><DIV><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>13.4 Share-based compensation during the last
three fiscal years and expected for the current fiscal year, paid to the members
of the Board of Directors and Statutory Executive
Board:</B></FONT></I></FONT></DIV>
<P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">None.</FONT></P>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter230"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">230</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_231></A>
<a name="_bclPageBorder231"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader231"></a><DIV><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>13.5 State the number of shares or other
ownership interests held by members of the Board of Directors, Statutory
Executive Board or Fiscal Council, either directly or indirectly, in Brazil or
abroad, as well as other securities convertible into shares or or other
ownership interests issued by the Company, its direct or indirect controllers,
subsidiaries or jointly-owned subsidiaries at the close of the last fiscal year:
</B></FONT></I></FONT></DIV>
<P style="MARGIN: 6pt 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="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="41%" colSpan=2>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">COMPANY</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" vAlign=top width="59%" colSpan=4>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 9.35pt; PAGE-BREAK-INSIDE: avoid">
    <TD style="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: 9.35pt" vAlign=top width="41%" colSpan=2>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" 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; BACKGROUND: silver; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 9.35pt" width="15%" rowSpan=2>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Board of
      Directors</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 9.35pt" width="18%" rowSpan=2>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Statutory Executive
      Board</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 9.35pt" width="14%" rowSpan=2>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Fiscal
      Council</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 9.35pt" width="12%" rowSpan=2>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Total</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 9.3pt; PAGE-BREAK-INSIDE: avoid">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 9.3pt" width="24%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Company</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 9.3pt" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type</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 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="24%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Companhia Sider&#250;rgica Nacional</FONT></P></TD>
    <TD style="BORDER-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; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;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 1pt solid" width="15%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;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="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;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="14%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;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: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;833</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 6pt 0in; 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%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="41%" colSpan=2>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">SUBSIDIARIES</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" vAlign=top width="59%" colSpan=4>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2009</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 9.35pt; PAGE-BREAK-INSIDE: avoid">
    <TD style="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: 9.35pt" vAlign=top width="41%" colSpan=2>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" 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; BACKGROUND: silver; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 9.35pt" width="15%" rowSpan=2>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Board of
      Directors</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #000000 1px solid; HEIGHT: 9.35pt" width="18%" rowSpan=2>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Statutory Executive
      Board</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #000000 1px solid; HEIGHT: 9.35pt" width="14%" rowSpan=2>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Fiscal
      Council</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #000000 1px solid; HEIGHT: 9.35pt" width="12%" rowSpan=2>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Total</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 9.3pt; PAGE-BREAK-INSIDE: avoid">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 9.3pt" width="24%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Company</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 9.3pt" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type</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 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="24%">
      <P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Vicunha Siderurgia S/A</FONT></P></TD>
    <TD style="BORDER-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; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">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 1pt solid" width="15%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; 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" width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">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="14%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">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: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">1</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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="24%">
      <P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Vicunhas A&#231;os S.A.</FONT></P></TD>
    <TD style="BORDER-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; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">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 1pt solid" width="15%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; 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" width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">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="14%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">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: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">1</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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="24%">
      <P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Vicunha Steel S.A.</FONT></P></TD>
    <TD style="BORDER-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; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">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 1pt solid" width="15%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; 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" width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">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="14%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">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: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">1</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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="24%">
      <P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=PT-BR style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Rio Purus Participa&#231;&#245;es S/A</FONT></P></TD>
    <TD style="BORDER-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; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">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 1pt solid" width="15%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">1,000</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="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">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="14%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">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: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">1,000</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 6pt 0in"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="38%" colSpan=2>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">SUBSIDIARIES</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" vAlign=top width="62%" colSpan=4>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">12/31/2009</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 9.35pt; PAGE-BREAK-INSIDE: avoid">
    <TD style="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: 9.35pt" vAlign=top width="38%" colSpan=2>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><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; BACKGROUND: silver; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 9.35pt" width="18%" rowSpan=2>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Board of
      Directors</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #000000 1px solid; HEIGHT: 9.35pt" width="18%" rowSpan=2>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Statutory Executive
      Board</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #000000 1px solid; HEIGHT: 9.35pt" width="14%" rowSpan=2>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Fiscal
      Council</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #000000 1px solid; HEIGHT: 9.35pt" width="12%" rowSpan=2>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Total</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 9.3pt; PAGE-BREAK-INSIDE: avoid">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 9.3pt" width="24%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Company</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 9.3pt" width="14%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Type</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 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="24%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Cia Metalic Nordeste</FONT></P></TD>
    <TD style="BORDER-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 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">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 1pt solid" width="18%">
      <P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">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="18%">
      <P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" 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="14%">
      <P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">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 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">2</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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="24%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Companhia Metal&#250;rgica Prada</FONT></P></TD>
    <TD style="BORDER-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 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">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 1pt solid" width="18%">
      <P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" 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" width="18%">
      <P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" 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="14%">
      <P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">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 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">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 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="24%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Congonhas Min&#233;rios S.A.</FONT></P></TD>
    <TD style="BORDER-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 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">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 1pt solid" width="18%">
      <P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">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="18%">
      <P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" 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="14%">
      <P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">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 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">2</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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="24%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=PT-BR style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">CSN A&#231;os Longos S/A</FONT></P></TD>
    <TD style="BORDER-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 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">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 1pt solid" width="18%">
      <P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">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="18%">
      <P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" 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="14%">
      <P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">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 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">2</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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="24%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">CSN Cimentos S/A</FONT></P></TD>
    <TD style="BORDER-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 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">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 1pt solid" width="18%">
      <P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">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="18%">
      <P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" 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" width="14%">
      <P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">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 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">1</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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="24%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=PT-BR style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">CSN Gest&#227;o de Recursos Financeiros
      Ltda.</FONT></P></TD>
    <TD style="BORDER-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-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Capital stock quotas </FONT></P></TD>
    <TD style="BORDER-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 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">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="18%">
      <P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" 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" width="14%">
      <P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">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 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">1</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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="24%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=PT-BR style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Estanho de Rond&#244;nia S.A.</FONT></P></TD>
    <TD style="BORDER-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 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">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 1pt solid" width="18%">
      <P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">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="18%">
      <P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" 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" width="14%">
      <P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">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 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">1</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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="24%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">GalvaSud S/A<SUP>1</SUP></FONT></P></TD>
    <TD style="BORDER-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 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">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 1pt solid" width="18%">
      <P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">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="18%">
      <P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" 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="14%">
      <P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">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 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">2</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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="24%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">INAL Nordeste S/A</FONT></P></TD>
    <TD style="BORDER-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 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">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 1pt solid" width="18%">
      <P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" 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" width="18%">
      <P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" 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="14%">
      <P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">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 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">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 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="24%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Itagua&#237; Log&#237;stica S/A</FONT></P></TD>
    <TD style="BORDER-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 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">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 1pt solid" width="18%">
      <P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">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="18%">
      <P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" 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="14%">
      <P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">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 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">2</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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="24%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Itamambuca Participa&#231;&#245;es S/A</FONT></P></TD>
    <TD style="BORDER-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 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">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 1pt solid" width="18%">
      <P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">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="18%">
      <P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" 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" width="14%">
      <P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">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 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">1</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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="24%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Minera&#231;&#227;o Nacional S/A</FONT></P></TD>
    <TD style="BORDER-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 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Common 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 1pt solid" width="18%">
      <P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">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="18%">
      <P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" 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="14%">
      <P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">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 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">2</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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="24%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Sepetiba Tecon S/A</FONT></P></TD>
    <TD style="BORDER-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 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Common 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 1pt solid" width="18%">
      <P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">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="18%">
      <P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" 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="14%">
      <P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">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 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">3</FONT></P></TD></TR>
  <TR style="HEIGHT: 15.45pt">
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 15.45pt" width="100%" colSpan=6>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><SUP><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">1</FONT></SUP><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">
      The merger of GalvaSud S/A occurred on January 29, 2010, after this
      assessment.</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 6pt 0in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center></DIV>
<a name="_bclFooter231"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">231</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_232></A>
<a name="_bclPageBorder232"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader232"></a><DIV>&nbsp;</DIV>
<DIV align=center>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="38%" colSpan=2>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">COMMON
      CONTROL</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" vAlign=top width="62%" colSpan=4>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">12/31/2009</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 9.35pt; PAGE-BREAK-INSIDE: avoid">
    <TD style="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: 9.35pt" vAlign=top width="38%" colSpan=2>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><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; BACKGROUND: silver; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 9.35pt" width="20%" rowSpan=2>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Board of
      Directors</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #000000 1px solid; HEIGHT: 9.35pt" width="15%" rowSpan=2>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Statutory Executive
      Bard</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #000000 1px solid; HEIGHT: 9.35pt" width="15%" rowSpan=2>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Fiscal
      Council</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #000000 1px solid; HEIGHT: 9.35pt" width="12%" rowSpan=2>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Total</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 9.3pt; PAGE-BREAK-INSIDE: avoid">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 9.3pt" width="24%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Company</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 9.3pt" width="14%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Type</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 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="24%">
      <P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">It&#225; Energ&#233;tica S/A</FONT></P></TD>
    <TD style="BORDER-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 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Common 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 1pt solid" width="20%">
      <P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">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="15%">
      <P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" 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="15%">
      <P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">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 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">2</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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="24%">
      <P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">MRS Log&#237;stica S/A</FONT></P></TD>
    <TD style="BORDER-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 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Common 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 1pt solid" width="20%">
      <P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">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="15%">
      <P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" 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" width="15%">
      <P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">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 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">1</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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="24%">
      <P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Nacional Min&#233;rios S/A</FONT></P></TD>
    <TD style="BORDER-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 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Common 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 1pt solid" width="20%">
      <P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" 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" width="15%">
      <P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" 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="15%">
      <P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">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 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">4</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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="24%">
      <P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Transnordestina Log&#237;stica S/A</FONT></P></TD>
    <TD style="BORDER-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 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Common 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 1pt solid" width="20%">
      <P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">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="15%">
      <P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" 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" width="15%">
      <P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">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 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">1</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter232"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">232</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_233></A>
<a name="_bclPageBorder233"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader233"></a><DIV><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>13.6 Share-based compensation for the Board of
Directors and Statutory Executive Board in the last fiscal year and expected for
the current fiscal year: </B></FONT></I></FONT></DIV>
<P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">None. </FONT></P>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter233"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">233</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_234></A>
<a name="_bclPageBorder234"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader234"></a><DIV><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>13.7 Information regarding stock options held by
members of the Board of Directors and Statutory Executive Board at the close of
the last fiscal year: </B></FONT></I></FONT></DIV>
<P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">None. </FONT></P>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter234"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">234</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_235></A>
<a name="_bclPageBorder235"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader235"></a><DIV><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>13.8 Stock options exercised and stock given as
share-based compensation to members of the Board of Directors and the Statutory
Executive Board in the last three fiscal years: </B></FONT></I></FONT></DIV>
<P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">None. </FONT></P>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter235"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">235</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_236></A>
<a name="_bclPageBorder236"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader236"></a><DIV><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>13.9 Necessary information for the understanding
of data disclosed in items 13.6 to 13.8 (including the method used for share and
option pricing):</B></FONT></I></FONT> </DIV>
<P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">None. </FONT></P>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter236"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">236</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_237></A>
<a name="_bclPageBorder237"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader237"></a><DIV><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>13.10 Information on private pension plans
granted to Board members and Statutory Executive Officers:&nbsp;
</B></FONT></I></FONT></DIV>
<P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company offers its
statutory executive officers the private pension plan CBS Previd&#234;ncia - Caixa
Beneficente dos Empregados da Companhia Sider&#250;rgica Nacional through which
participants may contribute with 3% to 5% of their salary or earnings, which the
Company matches 100%.</FONT></P>
<DIV align=center>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 9.95pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 9.95pt" vAlign=top width="50%">
      <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: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 9.95pt" width="50%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CBS
      Previd&#234;ncia &#150; Caixa Beneficente dos Empregados da Companhia Sider&#250;rgica
      Nacional</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 16.75pt">
    <TD style="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: 16.75pt" vAlign=top width="50%">
      <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></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 16.75pt" vAlign=top width="50%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Statutory Executive
      Board</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 18.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 18.75pt" width="50%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="Times New Roman,serif">Number of members<SUP>1</SUP></FONT></P></TD>
    <TD style="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: 18.75pt" width="50%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">7</FONT></P></TD></TR>
  <TR style="HEIGHT: 17.25pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 17.25pt" width="50%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="Times New Roman,serif">Executive officers entitled to
      retire</FONT></P></TD>
    <TD style="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: 17.25pt" width="50%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">None</FONT></P></TD></TR>
  <TR style="HEIGHT: 19.5pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 19.5pt" width="50%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="Times New Roman,serif">Conditions for early retirement
</FONT></P></TD>
    <TD style="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: 19.5pt" width="50%">
      <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 style="HEIGHT: 36.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 36.75pt" width="50%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="Times New Roman,serif">Updated amount of accumulated contributions
      up to the close of the last fiscal year, excluding contributions paid
      directly by executive officers</FONT></P></TD>
    <TD style="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: 36.75pt" width="50%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">R$1,162,586.94</FONT></P></TD></TR>
  <TR style="HEIGHT: 40.5pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 40.5pt" width="50%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="Times New Roman,serif">Total amount of accumulated contributions up
      to the close of the last fiscal year, excluding contributions paid
      directly by executive officers</FONT></P></TD>
    <TD style="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: 40.5pt" width="50%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="Times New Roman,serif">R$86,063.67</FONT></P></TD></TR>
  <TR style="HEIGHT: 21.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 21.75pt" width="50%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="Times New Roman,serif">Early withdrawal and its
    conditions</FONT></P></TD>
    <TD style="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: 21.75pt" width="50%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="Times New Roman,serif">Yes. Officers no longer working for the
      Company and who have not begun receiving CBS
  payments</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">*Early retirement:
</FONT></P>
<P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Participants must apply to
be granted the benefit of early retirement, after which payment will occur in
successive monthly installments, according to the conditions established in
these regulations. The initial amount due will be determined based
on:</FONT></P>
<P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">I &#150; the balance of the
participant&#146;s FGB (Benefit Generating Fund), calculated based on the value of
the fund&#146;s quotas in the month immediately prior to the one in which the benefit
was requested; </FONT></P>
<P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">II &#150; the participant&#146;s age,
as well as that of the named beneficiaries, on the date when the benefit was
requested; </FONT></P>
<P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">III &#150; application of the
actuarial factor used to calculate monthly life annuity payments, with or
without continued payment to the participant&#146;s legal beneficiary(ies) after
death, at the option of the participant. </FONT></P>
<P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Paragraph 1 &#150; Early
retirement benefit will be paid as of the date when the participant applied,
provided he or she meets all the following conditions: </FONT></P>
<P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">I &#150; termination of
employment with the Company; </FONT></P>
<P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">II &#150; minimum of forty-eight
(48) years of age or, if the participant is already a pensioner of the Brazilian
Social Security System (INSS), a minimum of forty-three (43) years; </FONT></P>
<P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">III &#150; minimum of three (3)
years as a company employee. </FONT></P>
<P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Paragraph 2 &#150; On the date
of the application, the participant must name their legal beneficiary(ies),
according to INSS regulations, in case of death and choose between one of the
following types of annuity: </FONT></P>
<P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">I &#150; monthly life annuity
with no continued payment to the participant&#146;s legal beneficiary(ies) after
death, calculated based on one hundred percent (100%) of FGB (payments stop when
participant dies); </FONT></P>
<P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">II &#150; monthly life annuity
with refund, calculated based on one hundred percent (100%) of FGB, paid to the
participant during his or her lifetime, and after the participant&#146;s death, to
the beneficiaries, according to the percentage determined on application for
early retirement, with a minimum of thirty-five percent (35%) and a maximum of
one hundred percent (100%); </FONT></P>
<P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">III &#150; immediate withdrawal
of up to twenty-five percent (25%) of the amount accumulated in the FGB, with
the remainder being paid as a monthly lifetime annuity with or without continued
payment to the participant&#146;s legal </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">beneficiary(ies) after
death, provided the benefit based on the account balance is not less than twenty
percent (20%) of the minimum paid by the INSS. </FONT></P>
<a name="_bclFooter237"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">237</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_238></A>
<a name="_bclPageBorder238"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader238"></a><DIV><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Paragraph 5 &#150; If
the initial early retirement benefit is lower than twenty percent (20%), the
participant may choose, when applying, to receive the total accumulated amount.
</FONT></DIV>
<P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Retirement for Disability:
</FONT></P>
<P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">The participant must also
be a disability-based retiree with the INSS. </FONT></P>
<P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">The disability annuity is
granted to active participants, who pay their own contributions or whose plan is
an employment benefit. Payments are calculated based on the following factors:
</FONT></P>
<P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">I &#150; the participant&#146;s
accumulated amount with the FGB, calculated based on the value of the fund&#146;s
quota in the month immediately prior to the one in which the benefit was
requested, incremented by the Projected Account Balance, if applicable;
</FONT></P>
<P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">II &#150; the age of the
participant and his or her joint beneficiaries considering all the following
factors: </FONT></P>
<P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">a) participant: fifty-five
(55) years on the date of the first payment or the participant&#146;s current age if
older than 55 years; </FONT></P>
<P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">b) in case of beneficiaries
with life annuity: projected age according to the age considered for the
participant; </FONT></P>
<P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">c) in case of beneficiaries
with rights to temporary annuity: the beneficiary&#146;s age on the date of the first
payment. </FONT></P>
<P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">III &#150; application of the
actuarial factor used to calculate the monthly life annuity, with or without
continued payment to the participant&#146;s legal beneficiary(ies) after death, at
the option of the participant. </FONT></P>
<P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Paragraph 5 &#150; The amount of
the Projected Account Balance to serve as the calculation base for disability
retirement is limited to the amount that, adding the FGB composed by monthly
contributions paid by the participant and the Company, generates a payable
benefit that, added to the INSS benefit, comes to a maximum of 100% of the
base-salary for calculating the contribution in the month immediately prior to
the first benefit payment. </FONT></P>
<P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Paragraph 6 &#150; the Projected
Account Balance will not be used if the amount accumulated with the FGB,
composed of monthly contributions paid by the participant and the Company is
sufficient to generate an income payable that, added to the INSS benefit, is
equal to or higher than the base salary for calculating the contribution in the
month immediately prior to the first benefit payment. </FONT></P>
<P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Paragraph 7 - The amount
accumulated with the FGB to be used as calculation base must not be lower than
the total contributions converted into quotas to be credited in the Participant
Account, added to the funds transferred, also converted into quotas and
registered in the Transfer Account, including monetary restatement
</FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">pro rata tempore</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">, plus six percent (6%)
p.a. </FONT></P>
<P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Paragraph 8 &#150; On the date
of the application, the active participant, either paying his or her
contributions or sponsored by the Company, must name his or her legal
beneficiary(ies) recognized by the INSS in case of survivorship annuity and
choose between one of the following types of annuity: </FONT></P>
<P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">I &#150; Monthly life annuity
with no refund, calculated based on one hundred percent (100%) of the FGB, plus
the Projected Account Balance, if the case, whose payments stop when the
participant dies; </FONT></P>
<P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">II &#150; Monthly life annuity
with refund, calculated based on one hundred percent (100%) of the FGB, plus the
Projected Account Balance, paid to the participant during his or her lifetime,
and after the participant&#146;s death, to the legal beneficiary(ies), according to
the benefit percentage determined when the application for disability retirement
was made, with a minimum of thirty-five percent (35%) and a maximum of one
hundred percent (100%); </FONT></P>
<P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">III &#150; Immediate withdrawal
of up to twenty-five percent (25%) of the amount accumulated in the FGB and the
Projected Account Balance, if applicable, with the remainder being paid a
monthly lifetime annuity, with or without continued payment to the participant&#146;s
legal beneficiary(ies) after death, provided the remaining balance does not
result in a benefit of less than twenty percent (20%) of the minimum paid by the
INSS. </FONT></P>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter238"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">238</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_239></A>
<a name="_bclPageBorder239"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader239"></a><DIV><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>13.11 </B></FONT></I></FONT><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>Maximum, minimum and average compensation paid
to members of the Board of Directors, Statutory Executive Board and Fiscal
Council in the last 3 fiscal years: </B></FONT></I></FONT></DIV>
<P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><B><I><U><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Justification for not
completing the chart:</FONT></U></I></B></P>
<P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Information not disclosed
in accordance with decision of the 5<SUP>th</SUP> Federal Court of Rio de
Janeiro (case no. 2010.5101002888-5), in favor of IBEF - Rio de Janeiro, an
institute to which the company is affiliated. </FONT></P>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter239"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">239</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_240></A>
<a name="_bclPageBorder240"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader240"></a><DIV><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>13.12 </B></FONT></I></FONT><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>Describe all contractual arrangements, insurance
policies or compensation mechanisms for management in case of termination or
retirement, indicating financial consequences incurred by the Company:
</B></FONT></I></FONT></DIV>
<P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">Not
applicable.</FONT></P>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter240"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">240</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_241></A>
<a name="_bclPageBorder241"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader241"></a><DIV><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>13.13 Percentage of total compensation of each
body, as recognized in the Company&#146;s results, for members of the Board of
Directors, Statutory Executive Board or Fiscal Council that are direct or
indirect related parties of the controllers, according to all applicable
accounting rules governing the matter: </B></FONT></I></FONT></DIV>
<DIV align=center>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-RIGHT: windowtext 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 10pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="25%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>Board of
      Directors</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="25%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Statutory Executive
      Board</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="25%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>Fiscal
      Council</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 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="25%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>Percentage</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="25%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>9.84%</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="25%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>45.09%</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="25%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>N/A</FONT></B></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 6pt 0in 6pt 0.25in; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter241"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">241</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_242></A>
<a name="_bclPageBorder242"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader242"></a><DIV><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>13.14 Amounts paid to members of the Board of
Directors, Statutory Executive Board and Fiscal Council, by body, for any reason
not related to their position (i.e. commissions, consulting or advisory fees) as
recognized in the Company&#146;s results</B></FONT></I></FONT> </DIV>
<P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">None. </FONT></P>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter242"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">242</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_243></A>
<a name="_bclPageBorder243"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader243"></a><DIV><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>13.15 Amounts recognized in the results of the
Company&#146;s direct or indirect controllers, jointly-controlled subsidiaries or
subsidiaries, as compensation for members of the Board of Directors, Statutory
Executive Board, or Fiscal Council, by body, specifying the type of payment and
to whom it was paid:</B></FONT></I></FONT></DIV>
<DIV align=center>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="41%" colSpan=2>
      <P style="MARGIN: 6pt 0in; 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; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="59%" colSpan=4>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">2009</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 9.35pt; PAGE-BREAK-INSIDE: avoid">
    <TD style="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: 9.35pt" vAlign=top width="41%" colSpan=2>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><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; BACKGROUND: silver; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 9.35pt" width="17%" rowSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Board of
      Directors</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 9.35pt" width="15%" rowSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Statutory Executive
      Board</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 9.35pt" width="15%" rowSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Fiscal
      Council</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 9.35pt" width="12%" rowSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Total</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 9.3pt; PAGE-BREAK-INSIDE: avoid">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 9.3pt" width="24%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Company</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 9.3pt" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Type of
      Payment</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 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="24%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>It&#225;
      Energ&#233;tica S/A.</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>Pro
      Labore</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>R$221,000</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="15%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>N/A</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="15%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>N/A</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>R$
      221,000</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 6pt 0in"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter243"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">243</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_244></A>
<a name="_bclPageBorder244"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader244"></a><DIV><FONT style="FONT-VARIANT: small-caps"><I><FONT lang=PT-BR style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>13.16 Other material
information:</B></FONT></I></FONT> </DIV>
<P style="MARGIN: 6pt 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman,serif">None.</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp; </FONT></P>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter244"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">244</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_245></A>
<a name="_bclPageBorder245"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader245"></a><DIV><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>14.1 </B></FONT></I></FONT><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>Describe the Company&#146;s human resources,
providing the following information: </B></FONT></I></FONT></DIV>
<P style="MARGIN: 6pt 0in 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">a.
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; number of employees
(total, by group, based on activity and location)</FONT></I></P>
<P style="MARGIN: 0in 0in 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></I>&nbsp;</P>
<DIV align=center>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 13.5pt; PAGE-BREAK-INSIDE: avoid">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="29%" rowSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>Location</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="37%" rowSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>Category</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="34%" colSpan=3>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>Effective
      Workforce</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 10.5pt; PAGE-BREAK-INSIDE: avoid">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 10.5pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>Dec/09</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 10.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>Dec/08</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 10.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>Dec/07</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="29%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT lang=PT-BR style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>Companhia Sider&#250;rgica Nacional S.A.
    (branches):</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="37%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT lang=PT-BR style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>12,050</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>11,460</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>10,297</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="29%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="37%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>Subtotal</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>548</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>521</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>469</FONT></P></TD></TR>
  <TR style="HEIGHT: 43.1pt">
    <TD style="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: 43.1pt" width="29%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>Branches in the
      South</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; HEIGHT: 43.1pt" width="37%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>1. </FONT><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Management
      </FONT><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>&nbsp;</FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>2. </FONT><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Specialists&nbsp;
      </FONT><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>&nbsp;</FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>3. </FONT><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Administrative/Operational</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 43.1pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>24
      </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>48
      </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>476</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 43.1pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>23
      </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>49
      </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>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; HEIGHT: 43.1pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>19
      </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>48
      </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>402</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="29%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="37%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">&nbsp;Subtotal
      </FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>2,186</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>1,948</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>1,726</FONT></P></TD></TR>
  <TR style="HEIGHT: 16.6pt">
    <TD style="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: 16.6pt" width="29%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Branches in Minas Gerais</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; HEIGHT: 16.6pt" width="37%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>1.
      </FONT><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Management </FONT><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>&nbsp;</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>2.
      </FONT><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Specialists</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>3.
      </FONT><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Administrative/Operational</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 16.6pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>130
      </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>137
      </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>1,919</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 16.6pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>123
      </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>115
      </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>1,710</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 16.6pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>118
      </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>92
      </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>1,516</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="29%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="37%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">&nbsp;Subtotal
      </FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>508</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>462</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>331</FONT></P></TD></TR>
  <TR style="HEIGHT: 35.3pt">
    <TD style="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: 35.3pt" width="29%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Branches in S&#227;o Paulo</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; HEIGHT: 35.3pt" width="37%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>1. </FONT><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Management
      </FONT><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>&nbsp;</FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>2. </FONT><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Specialists
      </FONT><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>&nbsp;</FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>3. </FONT><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Administrative/Operational</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 35.3pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>93
      </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>360
      </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>55</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 35.3pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>81
      </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>328
      </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>53</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 35.3pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>72
      </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>208
      </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>51</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="29%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="37%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">&nbsp;Subtotal
      </FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>8,663</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>8,430</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>7,749</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 34.65pt">
    <TD style="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: 34.65pt" width="29%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT lang=PT-BR style="FONT-SIZE: 9pt" face="Times New Roman,serif">Branches in Rio de Janeiro</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; HEIGHT: 34.65pt" width="37%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>1. </FONT><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Management
      </FONT><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>&nbsp;</FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>2. </FONT><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Specialists
      </FONT><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>&nbsp;</FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>3. </FONT><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Administrative/Operational</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 34.65pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>438
      </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>713
      </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>7,512</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 34.65pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>432
      </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>694
      </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>7,304</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 34.65pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>429
      </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>733
      </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>6,587</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="29%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">CSN Cimentos S.A.</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="37%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">&nbsp;Subtotal
      </FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>124</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>83</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>22</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 13.5pt; 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; HEIGHT: 13.5pt" width="29%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black></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; HEIGHT: 13.5pt" width="37%" rowSpan=2>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>1. </FONT><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Management
      </FONT><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>&nbsp;</FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>2. </FONT><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Specialists</FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>3. </FONT><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Administrative/Operational</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" width="12%" rowSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>12
      </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>7
      </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>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; HEIGHT: 13.5pt" width="11%" rowSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>6
      </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>3
      </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>74</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" width="11%" rowSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>4
      </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>4
      </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>14</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.5pt; 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; HEIGHT: 13.5pt" width="29%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="29%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT lang=PT-BR style="FONT-SIZE: 9pt" face="Times New Roman,serif">Estanho de Rond&#244;nia S.A.</FONT></B><B><FONT lang=PT-BR style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black> </FONT></B><B><FONT lang=PT-BR style="FONT-SIZE: 9pt" face="Times New Roman,serif">&#150; ERSA (Ariquemes -
      Rond&#244;nia)</FONT></B><B><FONT lang=PT-BR style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black> </FONT></B><B><FONT lang=PT-BR style="FONT-SIZE: 9pt" face="Times New Roman,serif">All
      units</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="37%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT lang=PT-BR style="FONT-SIZE: 9pt" face="Times New Roman,serif">&nbsp;</FONT></B><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Subtotal
      </FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>148</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>175</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>153</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 13.5pt; 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; HEIGHT: 13.5pt" width="29%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black></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; HEIGHT: 13.5pt" width="37%" rowSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>1.
      </FONT><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Management </FONT><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>&nbsp;</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>2.
      </FONT><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Specialists</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>3.
      </FONT><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Administrative/Operational</FONT></P></TD>
    <TD style="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: 13.5pt" width="12%" rowSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>19
      </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>4
      </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>125</FONT></P></TD>
    <TD style="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: 13.5pt" width="11%" rowSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>20
      </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>5
      </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>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: 13.5pt" width="11%" rowSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>21
      </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>3
      </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>129</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.5pt; 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; HEIGHT: 13.5pt" width="29%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="29%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT lang=PT-BR style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>Galvasud S.A. (Rio de Janeiro &#150;
      RJ)</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="37%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT lang=PT-BR style="FONT-SIZE: 9pt" face="Times New Roman,serif">&nbsp;</FONT></B><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Subtotal
      </FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>274</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>259</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>272</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <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; HEIGHT: 13.5pt" width="29%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=#000000></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" width="37%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=#000000>1. </FONT><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Management
    </FONT></P></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=#000000>16</FONT></P></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=#000000>17</FONT></P></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=#000000>19</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <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; HEIGHT: 13.5pt" width="29%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=#000000></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" width="37%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=#000000>2. </FONT><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Specialists
    </FONT></P></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=#000000>18</FONT></P></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=#000000>16</FONT></P></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=#000000>16</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 13.5pt" width="29%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black></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; HEIGHT: 13.5pt" width="37%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>3. </FONT><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Administrative/Operational</FONT></P></TD>
    <TD style="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: 13.5pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>240</FONT></P></TD>
    <TD style="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: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>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; HEIGHT: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>237</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="29%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT lang=PT-BR style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>Companhia Metal&#250;rgica Prada
      Distribui&#231;&#227;o (Inal) </FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="37%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT lang=PT-BR style="FONT-SIZE: 9pt" face="Times New Roman,serif">&nbsp;</FONT><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Subtotal </FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>462</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>430</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>410</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <TD style="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: 13.5pt" width="29%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black></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; HEIGHT: 13.5pt" width="37%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>1. </FONT><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Management
    </FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>36</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>36</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>37</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <TD style="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: 13.5pt" width="29%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black></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; HEIGHT: 13.5pt" width="37%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>2. </FONT><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Specialists
    </FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>75</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>76</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>74</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 13.5pt" width="29%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black></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; HEIGHT: 13.5pt" width="37%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>3. </FONT><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Administrative/Operational</FONT></P></TD>
    <TD style="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: 13.5pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>351</FONT></P></TD>
    <TD style="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: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>318</FONT></P></TD>
    <TD style="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: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>299</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="29%">
      <P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>&nbsp;</FONT><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>Inal
      Nordeste S.A.</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="37%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">&nbsp;Subtotal
      </FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>68</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>69</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>71</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <TD style="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: 13.5pt" width="29%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black></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; HEIGHT: 13.5pt" width="37%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>1. </FONT><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Management
    </FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>5</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>5</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>6</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <TD style="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: 13.5pt" width="29%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black></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; HEIGHT: 13.5pt" width="37%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>2. </FONT><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Specialists
    </FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>4</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>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; HEIGHT: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>2</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 13.5pt" width="29%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black></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; HEIGHT: 13.5pt" width="37%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>3. </FONT><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Administrative/Operational</FONT></P></TD>
    <TD style="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: 13.5pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>59</FONT></P></TD>
    <TD style="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: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>61</FONT></P></TD>
    <TD style="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: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>63</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center></DIV>
<a name="_bclFooter245"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">245</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_246></A>
<a name="_bclPageBorder246"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader246"></a><DIV>&nbsp;</DIV>
<DIV align=center>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 13.5pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="29%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>Companhia Metalic
      S.A.</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="37%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">&nbsp;Subtotal
      </FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>208</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>220</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>209</FONT></P></TD></TR>
  <TR style="HEIGHT: 42.6pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 42.6pt" width="29%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black></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; HEIGHT: 42.6pt" width="37%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>1. </FONT><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Management
      </FONT><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>&nbsp;</FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>2. </FONT><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Specialists
      </FONT><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>&nbsp;</FONT></P>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>3. </FONT><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Administrative/Operational</FONT></P></TD>
    <TD style="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: 42.6pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>29
      </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>22
      </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>157</FONT></P></TD>
    <TD style="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: 42.6pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>29
      </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>26
      </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>165</FONT></P></TD>
    <TD style="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: 42.6pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>26
      </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>26
      </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>157</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="29%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>Sepetiba Tecon
      S.A</FONT></B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>.</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="37%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">&nbsp;Subtotal
      </FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>476</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>555</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>545</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <TD style="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: 13.5pt" width="29%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black></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; HEIGHT: 13.5pt" width="37%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>1. </FONT><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Management
    </FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>32</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>31</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>30</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <TD style="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: 13.5pt" width="29%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black></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; HEIGHT: 13.5pt" width="37%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>2. </FONT><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Specialists
    </FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>37</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>40</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>39</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 13.5pt" width="29%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black></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; HEIGHT: 13.5pt" width="37%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>3. </FONT><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Administrative/Operational</FONT></P></TD>
    <TD style="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: 13.5pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>407</FONT></P></TD>
    <TD style="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: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>484</FONT></P></TD>
    <TD style="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: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>476</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="29%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT lang=PT-BR style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>Transnordestina Log&#237;stica S.A.
      (Fortaleza &#150; Cear&#225;)</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="37%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT lang=PT-BR style="FONT-SIZE: 9pt" face="Times New Roman,serif">&nbsp;</FONT><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Subtotal </FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>1,161</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>1,301</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>1,424</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 13.5pt" width="29%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" width="37%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>1. </FONT><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Management
    </FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>125</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>141</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>162</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 13.5pt" width="29%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" width="37%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>2. </FONT><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Specialists
    </FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>63</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>62</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>65</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="29%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black></FONT>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="37%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>3. </FONT><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Administrative/Operational</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>973</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>1,098</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>1,197</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="29%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>Nacional Min&#233;rios S.A.
      </FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="37%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">&nbsp;Subtotal
      </FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>478</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>389</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>298</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <TD style="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: 13.5pt" width="29%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black></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; HEIGHT: 13.5pt" width="37%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>1. </FONT><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Management
    </FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>43</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>31</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>-</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <TD style="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: 13.5pt" width="29%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black></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; HEIGHT: 13.5pt" width="37%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>2. </FONT><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Specialists
    </FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>26</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>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; HEIGHT: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>-</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 13.5pt" width="29%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black></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; HEIGHT: 13.5pt" width="37%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>3. </FONT><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Administrative/Operational</FONT></P></TD>
    <TD style="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: 13.5pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>409</FONT></P></TD>
    <TD style="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: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>351</FONT></P></TD>
    <TD style="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: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>-</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="29%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT lang=PT-BR style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>Companhia Metal&#250;rgica Prada -
      Prada Embalagens</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="37%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT lang=PT-BR style="FONT-SIZE: 9pt" face="Times New Roman,serif">&nbsp;</FONT><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Subtotal </FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>1,167</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>1,277</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>1,263</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <TD style="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: 13.5pt" width="29%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black></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; HEIGHT: 13.5pt" width="37%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>1. </FONT><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Management
    </FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>36</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>-</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <TD style="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: 13.5pt" width="29%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black></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; HEIGHT: 13.5pt" width="37%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>2. </FONT><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Specialists
    </FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>57</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>-</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>-</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 13.5pt" width="29%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black></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; HEIGHT: 13.5pt" width="37%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>3. </FONT><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Administrative/Operational</FONT></P></TD>
    <TD style="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: 13.5pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>1,074</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; HEIGHT: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>-</FONT></P></TD>
    <TD style="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: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>-</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="29%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT lang=PT-BR style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>Lusosider &#150; A&#231;os Planos
      S.A.</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="37%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Subtotal</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>190</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>194</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>250</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <TD style="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: 13.5pt" width="29%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black></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; HEIGHT: 13.5pt" width="37%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>1. </FONT><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Management
    </FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>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; HEIGHT: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>28</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>32</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <TD style="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: 13.5pt" width="29%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black></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; HEIGHT: 13.5pt" width="37%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>2. </FONT><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Specialists
    </FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>31</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>27</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>34</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 13.5pt" width="29%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black></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; HEIGHT: 13.5pt" width="37%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>3. </FONT><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Administrative/Operational</FONT></P></TD>
    <TD style="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: 13.5pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>134</FONT></P></TD>
    <TD style="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: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>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; HEIGHT: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>184</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="29%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>Companhia Sider&#250;rgica Nacional,
      LLC</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="37%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Subtotal</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>199</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>208</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>237</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <TD style="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: 13.5pt" width="29%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black></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; HEIGHT: 13.5pt" width="37%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>1. </FONT><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Management
    </FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>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; HEIGHT: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>27</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>28</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <TD style="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: 13.5pt" width="29%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black></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; HEIGHT: 13.5pt" width="37%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>2. </FONT><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Specialists
    </FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>38</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>45</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>55</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 13.5pt" width="29%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black></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; HEIGHT: 13.5pt" width="37%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>3. </FONT><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Administrative/Operational</FONT></P></TD>
    <TD style="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: 13.5pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>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; HEIGHT: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>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; HEIGHT: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>154</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="29%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>Total</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="37%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>16,881</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>16,537</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>15,429</FONT></B></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 6pt 0in"><FONT lang=EN-US style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 13.5pt; PAGE-BREAK-INSIDE: avoid">
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" width="24%" rowSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; HEIGHT: 13.5pt" width="30%" rowSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="Times New Roman,serif">Category </FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="46%" colSpan=3>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 116%" face="Times New Roman,serif">Effective Workforce </FONT></B></P></TD></TR>
  <TR style="HEIGHT: 13.5pt; PAGE-BREAK-INSIDE: avoid">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="14%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>Dec/09</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>&#185;Dec/08</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>&#178;Dec/07</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 13.5pt" width="24%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>Total
      </FONT></B><SUP><B><FONT style="FONT-SIZE: 9pt" face="Times New (W1),serif" color=black>(3)</FONT></B></SUP></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" width="30%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>Subtotal</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" width="14%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>16,881</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>16,537</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>15,429</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <TD style="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: 13.5pt" width="24%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black></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; HEIGHT: 13.5pt" width="30%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 116%" face="Times New Roman,serif" color=black>1. </FONT><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 116%" face="Times New Roman,serif">Management </FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" width="14%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>1,091</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>1,033</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>1,008</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <TD style="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: 13.5pt" width="24%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black></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; HEIGHT: 13.5pt" width="30%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 116%" face="Times New Roman,serif" color=black>2. </FONT><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 116%" face="Times New Roman,serif">Specialists </FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" width="14%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>1,646</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>1,499</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>1,393</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 13.5pt" width="24%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black></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; HEIGHT: 13.5pt" width="30%">
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 116%" face="Times New Roman,serif" color=black>3. </FONT><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 116%" face="Times New Roman,serif">Administrative/Operational</FONT></P></TD>
    <TD style="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: 13.5pt" width="14%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>14,144</FONT></P></TD>
    <TD style="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: 13.5pt" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>12,728</FONT></P></TD>
    <TD style="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: 13.5pt" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>11,467</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 6pt 0in 0pt"><SUP><FONT lang=EN-US style="FONT-SIZE: 9pt" face="Times New Roman,serif">1</FONT></SUP><FONT lang=EN-US style="FONT-SIZE: 9pt" face="Times New Roman,serif"> Prada Embalagens had no
division by category in 2008.</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black> </FONT></P>
<P style="MARGIN: 0in 0in 0pt"><SUP><FONT lang=EN-US style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>2</FONT></SUP><FONT lang=EN-US style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black> </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt" face="Times New Roman,serif">Prada Embalagens
and Nacional Min&#233;rios S.A. had no division by category in 2007. </FONT></P>
<a name="_bclFooter246"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">246</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_247></A>
<a name="_bclPageBorder247"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader247"></a><DIV><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Categories:</FONT></DIV>
<DIV align=center>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 17.5pt; PAGE-BREAK-INSIDE: avoid">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; HEIGHT: 17.5pt" rowSpan=2>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 116%" face="Times New Roman,serif" color=black>1. </FONT><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 116%" face="Times New Roman,serif">Management </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: black 1pt solid; HEIGHT: 17.5pt" rowSpan=2>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 116%" face="Times New Roman,serif">Executive officers, executive assistants,
      general managers, managers, coordinators and supervisors.</FONT></P></TD>
    <TD style="HEIGHT: 17.5pt" height=23></TD></TR>
  <TR style="HEIGHT: 11.25pt; PAGE-BREAK-INSIDE: avoid">
    <TD style="HEIGHT: 11.25pt" height=15></TD></TR>
  <TR style="HEIGHT: 17.5pt; PAGE-BREAK-INSIDE: avoid">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; HEIGHT: 17.5pt" rowSpan=2>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 116%" face="Times New Roman,serif" color=black>2. </FONT><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 116%" face="Times New Roman,serif">Specialists </FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; HEIGHT: 17.5pt" rowSpan=2>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 116%" face="Times New Roman,serif">Graduate positions (e.g. analysts,
      specialists, engineers).</FONT></P></TD>
    <TD style="HEIGHT: 17.5pt" height=23></TD></TR>
  <TR style="HEIGHT: 11.25pt; PAGE-BREAK-INSIDE: avoid">
    <TD style="HEIGHT: 11.25pt" height=15></TD></TR>
  <TR style="HEIGHT: 17.5pt; PAGE-BREAK-INSIDE: avoid">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; HEIGHT: 17.5pt" rowSpan=2>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 116%" face="Times New Roman,serif" color=black>3. </FONT><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 116%" face="Times New Roman,serif">Administrative/Operational</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; HEIGHT: 17.5pt" rowSpan=2>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 116%" face="Times New Roman,serif">Technical, administrative and operational
      positions (technicians, assistants, auxiliary personnel and
      operators).</FONT></P></TD>
    <TD style="HEIGHT: 17.5pt" height=23></TD></TR>
  <TR style="HEIGHT: 23.5pt; PAGE-BREAK-INSIDE: avoid">
    <TD style="HEIGHT: 23.5pt" height=31></TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></I>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">b.
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; number of
outsourced employees (total, by group, based on activity and
location)</FONT></I></P>
<P style="MARGIN: 0in 0in 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></I>&nbsp;</P>
<DIV align=center>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 13.5pt; PAGE-BREAK-INSIDE: avoid">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="46%" rowSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 116%" face="Times New Roman,serif">Location </FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="54%" colSpan=3>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 116%" face="Times New Roman,serif">Outsourced Employees
  (Total)</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 13.5pt; PAGE-BREAK-INSIDE: avoid">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>Dec/09</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>Dec/08</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>Dec/07</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 13.5pt" width="46%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT lang=PT-BR style="FONT-SIZE: 9pt; LINE-HEIGHT: 116%" face="Times New Roman,serif">Companhia Sider&#250;rgica Nacional (branch
      offices):</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; HEIGHT: 13.5pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT lang=PT-BR style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black></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; HEIGHT: 13.5pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT lang=PT-BR style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black></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; HEIGHT: 13.5pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT lang=PT-BR style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 13.5pt" width="46%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 116%" face="Times New Roman,serif">Branches in the South</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; HEIGHT: 13.5pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>358</FONT></P></TD>
    <TD style="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: 13.5pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>298</FONT></P></TD>
    <TD style="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: 13.5pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>419</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 13.5pt" width="46%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 116%" face="Times New Roman,serif">Branches in Minas Gerais</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; HEIGHT: 13.5pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>5,371</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; HEIGHT: 13.5pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>5,806</FONT></P></TD>
    <TD style="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: 13.5pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>4,932</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 13.5pt" width="46%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 116%" face="Times New Roman,serif">Branches in S&#227;o Paulo</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; HEIGHT: 13.5pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>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; HEIGHT: 13.5pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>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; HEIGHT: 13.5pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>33</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 13.5pt" width="46%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT lang=PT-BR style="FONT-SIZE: 9pt; LINE-HEIGHT: 116%" face="Times New Roman,serif">Branches in Rio de Janeiro</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; HEIGHT: 13.5pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>11,338</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; HEIGHT: 13.5pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>11,152</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; HEIGHT: 13.5pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>11,023</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 13.5pt" width="46%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 116%" face="Times New Roman,serif">CSN
      Cimentos S.A.</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; HEIGHT: 13.5pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>2,455</FONT></P></TD>
    <TD style="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: 13.5pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>2,485</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; HEIGHT: 13.5pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>1,448</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 13.5pt" width="46%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT lang=PT-BR style="FONT-SIZE: 9pt; LINE-HEIGHT: 116%" face="Times New Roman,serif">Estanho de Rond&#244;nia S.A.</FONT></B><B><FONT lang=PT-BR style="FONT-SIZE: 9pt; LINE-HEIGHT: 116%" face="Times New Roman,serif" color=black> </FONT></B><B><FONT lang=PT-BR style="FONT-SIZE: 9pt; LINE-HEIGHT: 116%" face="Times New Roman,serif">&#150;
      ERSA (Ariquemes - Rond&#244;nia)</FONT></B><B><FONT lang=PT-BR style="FONT-SIZE: 9pt; LINE-HEIGHT: 116%" face="Times New Roman,serif" color=black> - a</FONT></B><B><FONT lang=PT-BR style="FONT-SIZE: 9pt; LINE-HEIGHT: 116%" face="Times New Roman,serif">ll
      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; HEIGHT: 13.5pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>50</FONT></P></TD>
    <TD style="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: 13.5pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>52</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; HEIGHT: 13.5pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>42</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <TD style="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: 13.5pt" width="46%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT lang=PT-BR style="FONT-SIZE: 9pt; LINE-HEIGHT: 116%" face="Times New Roman,serif">Galvasud S.A.</FONT></B><B><FONT lang=PT-BR style="FONT-SIZE: 9pt; LINE-HEIGHT: 116%" face="Times New Roman,serif" color=black> </FONT></B><B><FONT lang=PT-BR style="FONT-SIZE: 9pt; LINE-HEIGHT: 116%" face="Times New Roman,serif">(Rio de Janeiro &#150; RJ)</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; HEIGHT: 13.5pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>128</FONT></P></TD>
    <TD style="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: 13.5pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>100</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: 13.5pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>127</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.5pt; 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; HEIGHT: 13.5pt" width="46%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT lang=PT-BR style="FONT-SIZE: 9pt; LINE-HEIGHT: 116%" face="Times New Roman,serif">Companhia Metal&#250;rgica Prada Distribui&#231;&#227;o
      (Inal)</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; HEIGHT: 13.5pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>193</FONT></P></TD>
    <TD style="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: 13.5pt" width="18%" rowSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>193</FONT></P></TD>
    <TD style="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: 13.5pt" width="18%" rowSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>196</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.5pt; 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; HEIGHT: 13.5pt" width="46%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 116%" face="Times New Roman,serif">Inal Nordeste S.A.</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; HEIGHT: 13.5pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>21</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <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; HEIGHT: 13.5pt" width="46%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 116%" face="Times New Roman,serif">Companhia Metalic S.A.</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; HEIGHT: 13.5pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>80</FONT></P></TD>
    <TD style="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: 13.5pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>71</FONT></P></TD>
    <TD style="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: 13.5pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>87</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <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; HEIGHT: 13.5pt" width="46%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 116%" face="Times New Roman,serif">Sepetiba Tecon S.A.</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; HEIGHT: 13.5pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>162</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>189</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>172</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 13.5pt" width="46%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT lang=PT-BR style="FONT-SIZE: 9pt; LINE-HEIGHT: 116%" face="Times New Roman,serif">Transnordestina Log&#237;stica S.A. (Fortaleza &#150;
      Cear&#225;)</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>514</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>368</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>224</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <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; HEIGHT: 13.5pt" width="46%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 116%" face="Times New Roman,serif">Nacional Min&#233;rios S.A.</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; HEIGHT: 13.5pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>-</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; HEIGHT: 13.5pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>174</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; HEIGHT: 13.5pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>-</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <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; HEIGHT: 13.5pt" width="46%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT lang=PT-BR style="FONT-SIZE: 9pt; LINE-HEIGHT: 116%" face="Times New Roman,serif">Companhia Metal&#250;rgica Prada - Prada
      Embalagens</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; HEIGHT: 13.5pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>101</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; HEIGHT: 13.5pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>180</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; HEIGHT: 13.5pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>325</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <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; HEIGHT: 13.5pt" width="46%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT lang=PT-BR style="FONT-SIZE: 9pt; LINE-HEIGHT: 116%" face="Times New Roman,serif">Lusosider &#150; A&#231;os Planos
S.A.</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; HEIGHT: 13.5pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>47</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; HEIGHT: 13.5pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>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; HEIGHT: 13.5pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>135</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <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; HEIGHT: 13.5pt" width="46%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 116%" face="Times New Roman,serif">Companhia Sider&#250;rgica Nacional,
      LLC</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; HEIGHT: 13.5pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>1</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; HEIGHT: 13.5pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>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; HEIGHT: 13.5pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>10</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="46%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 116%" face="Times New Roman,serif">Total</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>20,841</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>21,098</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>19,173</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" width="82%" colSpan=3>
      <P style="MARGIN: 6pt 0in"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=black></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.5pt" width="18%">
      <P style="MARGIN: 6pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black></FONT>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="MARGIN: 6pt 0in"><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></I>&nbsp;</P>
<a name="_bclFooter247"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">247</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_248></A>
<a name="_bclPageBorder248"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader248"></a><DIV><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">c.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
turnover ratio</FONT></I></DIV>
<DIV align=center>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 13.5pt; PAGE-BREAK-INSIDE: avoid">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="46%" rowSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 116%" face="Times New Roman,serif">Location </FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="54%" colSpan=3>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 116%" face="Times New Roman,serif">Turnover (average)</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 13.5pt; PAGE-BREAK-INSIDE: avoid">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>2009</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>2008</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="19%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>2007</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 13.5pt" width="46%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 116%" face="Times New Roman,serif">Companhia Sider&#250;rgica Nacional
      (branches):</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; HEIGHT: 13.5pt" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black></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; HEIGHT: 13.5pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black></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; HEIGHT: 13.5pt" width="19%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 13.5pt" width="46%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 116%" face="Times New Roman,serif">South branch offices</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; HEIGHT: 13.5pt" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>1.94%</FONT></P></TD>
    <TD style="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: 13.5pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>1.79%</FONT></P></TD>
    <TD style="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: 13.5pt" width="19%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>1.61%</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 13.5pt" width="46%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 116%" face="Times New Roman,serif">Branch offices in Minas
    Gerais</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; HEIGHT: 13.5pt" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>0.69%</FONT></P></TD>
    <TD style="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: 13.5pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>1.31%</FONT></P></TD>
    <TD style="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: 13.5pt" width="19%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>1.80%</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 13.5pt" width="46%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 116%" face="Times New Roman,serif">Branch offices in S&#227;o Paulo</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; HEIGHT: 13.5pt" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>1.37%</FONT></P></TD>
    <TD style="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: 13.5pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>2.40%</FONT></P></TD>
    <TD style="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: 13.5pt" width="19%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>2.59%</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 13.5pt" width="46%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT lang=PT-BR style="FONT-SIZE: 9pt; LINE-HEIGHT: 116%" face="Times New Roman,serif">Branch offices in Rio de
      Janeiro</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; HEIGHT: 13.5pt" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>1.39%</FONT></P></TD>
    <TD style="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: 13.5pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>1.28%</FONT></P></TD>
    <TD style="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: 13.5pt" width="19%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>0.93%</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 13.5pt" width="46%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 116%" face="Times New Roman,serif">CSN
      Cimentos S.A.</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; HEIGHT: 13.5pt" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>-</FONT></P></TD>
    <TD style="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: 13.5pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>-</FONT></P></TD>
    <TD style="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: 13.5pt" width="19%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>-</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 13.5pt" width="46%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT lang=PT-BR style="FONT-SIZE: 9pt; LINE-HEIGHT: 116%" face="Times New Roman,serif">Estanho de Rond&#244;nia S.A.</FONT></B><B><FONT lang=PT-BR style="FONT-SIZE: 9pt; LINE-HEIGHT: 116%" face="Times New Roman,serif" color=black> </FONT></B><B><FONT lang=PT-BR style="FONT-SIZE: 9pt; LINE-HEIGHT: 116%" face="Times New Roman,serif">&#150;
      ERSA (Ariquemes - Rond&#244;nia)</FONT></B><B><FONT lang=PT-BR style="FONT-SIZE: 9pt; LINE-HEIGHT: 116%" face="Times New Roman,serif" color=black> </FONT></B><B><FONT lang=PT-BR style="FONT-SIZE: 9pt; LINE-HEIGHT: 116%" face="Times New Roman,serif">All
      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; HEIGHT: 13.5pt" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>2.19%</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; HEIGHT: 13.5pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>2.28%</FONT></P></TD>
    <TD style="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: 13.5pt" width="19%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>2.08%</FONT></P></TD></TR>
  <TR style="HEIGHT: 14.25pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 14.25pt" width="46%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT lang=PT-BR style="FONT-SIZE: 9pt; LINE-HEIGHT: 116%" face="Times New Roman,serif">Galvasud S.A.</FONT></B><B><FONT lang=PT-BR style="FONT-SIZE: 9pt; LINE-HEIGHT: 116%" face="Times New Roman,serif" color=black> </FONT></B><B><FONT lang=PT-BR style="FONT-SIZE: 9pt; LINE-HEIGHT: 116%" face="Times New Roman,serif">(Rio de Janeiro &#150; RJ)</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; HEIGHT: 14.25pt" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>1.81%</FONT></P></TD>
    <TD style="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: 14.25pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>1.04%</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; HEIGHT: 14.25pt" width="19%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>1.68%</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 13.5pt" width="46%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT lang=PT-BR style="FONT-SIZE: 9pt; LINE-HEIGHT: 116%" face="Times New Roman,serif">Companhia Metal&#250;rgica Prada Distribui&#231;&#227;o
      (Inal)</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; HEIGHT: 13.5pt" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>1.87%</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; HEIGHT: 13.5pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>1.81%</FONT></P></TD>
    <TD style="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: 13.5pt" width="19%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>1.85%</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 13.5pt" width="46%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 116%" face="Times New Roman,serif">Inal Nordeste S.A.</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; HEIGHT: 13.5pt" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>2.12%</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; HEIGHT: 13.5pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>2.32%</FONT></P></TD>
    <TD style="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: 13.5pt" width="19%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>5.05%</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 13.5pt" width="46%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 116%" face="Times New Roman,serif">Companhia Metalic S.A.</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; HEIGHT: 13.5pt" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>0.77%</FONT></P></TD>
    <TD style="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: 13.5pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>1.13%</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; HEIGHT: 13.5pt" width="19%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>1.41%</FONT></P></TD></TR>
  <TR style="HEIGHT: 14.25pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 14.25pt" width="46%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 116%" face="Times New Roman,serif">Sepetiba Tecon S.A.</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; HEIGHT: 14.25pt" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>0.99%</FONT></P></TD>
    <TD style="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: 14.25pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>1.39%</FONT></P></TD>
    <TD style="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: 14.25pt" width="19%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>1.02%</FONT></P></TD></TR>
  <TR style="HEIGHT: 14.25pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.25pt" width="46%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT lang=PT-BR style="FONT-SIZE: 9pt; LINE-HEIGHT: 116%" face="Times New Roman,serif">Transnordestina Log&#237;stica S.A. (Fortaleza &#150;
      Cear&#225;)</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.25pt" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>0.82%</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.25pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>0.73%</FONT></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.25pt" width="19%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>0.88%</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 13.5pt" width="46%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 116%" face="Times New Roman,serif">Nacional Min&#233;rios S.A.</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; HEIGHT: 13.5pt" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>1.06%</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; HEIGHT: 13.5pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>-</FONT></P></TD>
    <TD style="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: 13.5pt" width="19%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>-</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 13.5pt" width="46%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT lang=PT-BR style="FONT-SIZE: 9pt; LINE-HEIGHT: 116%" face="Times New Roman,serif">Companhia Metal&#250;rgica Prada - Prada
      Embalagens</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; HEIGHT: 13.5pt" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>1.10%</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; HEIGHT: 13.5pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>-</FONT></P></TD>
    <TD style="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: 13.5pt" width="19%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>-</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 13.5pt" width="46%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT lang=PT-BR style="FONT-SIZE: 9pt; LINE-HEIGHT: 116%" face="Times New Roman,serif">Lusosider &#150; A&#231;os Planos
S.A.</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; HEIGHT: 13.5pt" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>1.29%</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; HEIGHT: 13.5pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>1.90%</FONT></P></TD>
    <TD style="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: 13.5pt" width="19%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>8.46%</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; 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: 13.5pt" width="46%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 116%" face="Times New Roman,serif">Companhia Sider&#250;rgica Nacional,
      LLC</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; HEIGHT: 13.5pt" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>0.58%</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; HEIGHT: 13.5pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>0.81%</FONT></P></TD>
    <TD style="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: 13.5pt" width="19%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>-</FONT></P></TD></TR>
  <TR style="HEIGHT: 13.5pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="46%">
      <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>Total </FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>1.33%</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><SUP><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>1 </FONT></B></SUP><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>1.55%</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" width="19%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><SUP><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>2 </FONT></B></SUP><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=black>2.45%</FONT></B></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 3pt 0in 0in"><SUP><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></SUP>&nbsp;</P>
<P style="MARGIN: 0in 3pt 0in 0in"><SUP><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">1</FONT></SUP><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"> Excludes Companhia
Metal&#250;rgica Prada - Prada Embalagens and Nacional Min&#233;rios S.A. (January -
April). </FONT></P>
<P style="MARGIN: 0in 3pt 0in 0in"><SUP><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">2</FONT></SUP><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"> Excludes Companhia
Metal&#250;rgica Prada - Prada Embalagens and Nacional Min&#233;rios S.A.</FONT><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=black>&nbsp; </FONT><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;</FONT></P>
<P style="MARGIN: 0in 3pt 0in 0in"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 3pt 0in 0in"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 3pt 0in 0in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">d.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp; exposure of the issuer to labor liabilities and contingencies&nbsp;
</FONT></P>
<P style="MARGIN: 0in 3pt 0in 0in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 3pt 0in 0in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">On December 31, 2007, there were 9,162 labor claims
in progress in which the Company was the defendant (8,196 claims in 2006), with
provisions for labor contingencies totaling R$90,310. </FONT></P>
<P style="MARGIN: 0in 3pt 0in 0in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 3pt 0in 0in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">On December 31, 2008, there were 9,609 labor claims
in progress in which the Company was the defendant, with provisions for labor
contingencies totaling R$120,403. </FONT></P>
<P style="MARGIN: 0in 3pt 0in 0in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 3pt 0in 0in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">On December 31, 2009, there were 9,417 labor claims
in progress in which the Company was the defendant, with provisions for labor
contingencies totaling R$131,032. </FONT></P>
<P style="MARGIN: 0in 3pt 0in 0in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter248"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">248</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_249></A>
<a name="_bclPageBorder249"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader249"></a><DIV><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>14.2 Describe any relevant changes to the
numbers disclosed in item 14.1 above </B></FONT></I></FONT></DIV>
<P style="MARGIN: 0in 3pt 0in 0in">&nbsp;</P>
<P style="MARGIN: 0in 3pt 0in 0in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">None. </FONT></P>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter249"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">249</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_250></A>
<a name="_bclPageBorder250"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader250"></a><DIV><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>14.3 Describe the Company&#146;s employee
compensation policies, detailing: </B></FONT></I></FONT></DIV>
<P style="MARGIN: 0in 3pt 0in 0in">&nbsp;</P>
<P style="MARGIN: 0in 3pt 0in 0in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">a.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
salary and variable compensation policies&nbsp; </FONT></P>
<P style="MARGIN: 0in 3pt 0in 0in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">The organization&#146;s compensation policy focuses on
internal and external equilibrium, offering competitive salaries, to attract,
retain and motivate its employees. </FONT></P>
<P style="MARGIN: 0in 3pt 0in 0in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Employees are entitled to a fixed and variable
compensation. </FONT></P>
<P style="MARGIN: 0in 3pt 0in 0in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">The fixed portion of the compensation includes
monthly salary, paid vacations and the mandatory 13<SUP>th</SUP> salary, as
established by labor legislation, ensuring compensation compatible with the
position.&nbsp; </FONT></P>
<P style="MARGIN: 0in 3pt 0in 0in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Variable compensation offers the possibility of
additional gains based on results posted by the Company and the employee&#146;s
specific area, as well as individual performance. Bonuses are paid annually as
profit sharing, ensuring compensation compatible with the position. Variable
compensation for Transnordestina Log&#237;stica S.A. is only applicable to
executives. </FONT></P>
<P style="MARGIN: 0in 3pt 0in 0in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">The organization grants pay rises according to the
base-date of union collective bargaining agreements and as a result of wage
parity adjustments, as well as in accordance with each employee&#146;s performance
and commitment, through merit-based increases and promotions.</FONT></P>
<P style="MARGIN: 0in 3pt 0in 0in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 3pt 0in 0in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">b.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
benefits policy </FONT></P>
<P style="MARGIN: 0in 3pt 0in 0in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">The benefits offered by the CSN Group, in line with
market practices, are: </FONT></P>
<P style="MARGIN: 0in 3pt 0in 0in"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Vehicl</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">e: only applicable to the
Company&#146;s CEO. </FONT></P>
<P style="MARGIN: 0in 3pt 0in 0in"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Day-care Allowance</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">: not applicable to Estanho
de Rond&#244;nia S.A. and Companhia Metalic do Nordeste S.A.. </FONT></P>
<P style="MARGIN: 0in 3pt 0in 0in"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Vacation Bonus</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">: represents 36.67% of the
monthly salary. </FONT><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Not applicable to CSN Paran&#225;, CSN Cimentos S.A.,
Estanho de Rond&#244;nia S.A., Inal Nordeste S.A., Companhia Metalic S.A., Companhia
Metal&#250;rgica Prada, Sepetiba Tecon S.A. and Transnordestina Log&#237;stica S.A..
</FONT></P>
<P style="MARGIN: 0in 3pt 0in 0in"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Christmas Basket</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">: applicable to all Group
companies. </FONT></P>
<P style="MARGIN: 0in 3pt 0in 0in"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Annual Check-Up</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">: applicable only to
executives.</FONT></P>
<P style="MARGIN: 0in 3pt 0in 0in"><B><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">School Kit</FONT></B><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">: applicable to the
branches CSN Itagua&#237;, Casa de Pedra, Companhia Metalic S.A., Nacional Min&#233;rios
S.A.. </FONT></P>
<P style="MARGIN: 0in 3pt 0in 0in"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Health Plan</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">: applicable to all Group
companies. </FONT></P>
<P style="MARGIN: 0in 3pt 0in 0in"><B><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Dental Plan</FONT></B><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">: not applicable to Estanho
de Rond&#244;nia S.A. and Companhia Metal&#250;rgica Prada Distribui&#231;&#227;o (Inal).
</FONT></P>
<P style="MARGIN: 0in 3pt 0in 0in"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Private Pension Plan</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">: applicable to the Company
and CSN Cimentos S.A. </FONT></P>
<P style="MARGIN: 0in 3pt 0in 0in"><B><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Life Insurance</FONT></B><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">: not applicable to
Companhia Metal&#250;rgica Prada - Prada Embalagens. </FONT></P>
<P style="MARGIN: 0in 3pt 0in 0in"><B><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Food Vouchers</FONT></B><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">: not applicable to Estanho
de Rond&#244;nia S.A., Companhia Metalic do Nordeste S.A. and Companhia Metal&#250;rgica
Prada - Prada Embalagens. </FONT></P>
<P style="MARGIN: 0in 3pt 0in 0in"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Meal Voucher or Refectory</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">: applicable to
all Group companies. </FONT></P>
<P style="MARGIN: 0in 3pt 0in 0in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 3pt 0in 0in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">c.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
characteristics of share-based compensation plans for non-managerial employees:
</FONT></P>
<P style="MARGIN: 0in 3pt 0in 0in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 3pt 0in 0in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">None.</FONT></P>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter250"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">250</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_251></A>
<a name="_bclPageBorder251"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader251"></a><DIV><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>14.4 Describe the relationship between the
Company and the unions: </B></FONT></I></FONT></DIV>
<P style="MARGIN: 0in 3pt 0in 0in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company maintains good relations with its
employees and the more than 50 unions representing the categories in each
region. In 2009, there was only one strike, which occurred in Companhia
Metal&#250;rgica Prada in S&#227;o Paulo and which was satisfactorily resolved after
negotiations to the benefit of the Company and the employees. The Company always
resorts to negotiations as a means of resolving impasses.</FONT></P>
<P style="MARGIN: 0in 3pt 0in 0in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter251"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">251</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_252></A>
<a name="_bclPageBorder252"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader252"></a><DIV><FONT style="FONT-VARIANT: small-caps"><I><FONT lang=PT-BR style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>15.1/15.2 -
Shareholdings</B></FONT></I></FONT><FONT style="FONT-VARIANT: small-caps"><I><FONT lang=PT-BR style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>:</B></FONT></I></FONT></DIV>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Shareholder</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="16%">
      <P style="MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Shareholder&#146;s Individual Taxpayer&#146;s ID (CPF)
      / Corporate Taxpayer&#146;s ID (CNPJ) </FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="17%">
      <P style="MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Nationality - State</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="16%">
      <P style="MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Signatory to shareholders&#146;
      agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="17%">
      <P style="MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Controlling shareholder</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="17%">
      <P style="MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Last alteration</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=left width="17%">
      <P style="MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.35pt" vAlign=top align=right width="16%">
      <P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Number of common </FONT></B></P>
      <P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">shares (units)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.35pt" vAlign=top align=right width="17%">
      <P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Common shares - %</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.35pt" vAlign=top align=right width="16%">
      <P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Number of preferred</FONT></B></P>
      <P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">shares (units)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.35pt" vAlign=top align=right width="17%">
      <P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Preferred shares - %</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.35pt" vAlign=top align=right width="17%">
      <P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Total number of </FONT></B></P>
      <P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">shares (units)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.35pt" vAlign=top align=right width="17%">
      <P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Total shares - %</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="100%" colSpan=6>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Breakdown per type of
      share (units)</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Type of
      share</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Number of shares
      (units)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Shares -
      %</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="100%" colSpan=6>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">VICUNHA SIDERURGIA
      S.A.</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; BORDER-TOP: #bfbfbf 1pt dashed; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">02.871.007/0001-04</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; BORDER-TOP: #bfbfbf 1pt dashed; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Brazilian-RJ </FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; BORDER-TOP: #bfbfbf 1pt dashed; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">No</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; BORDER-TOP: #bfbfbf 1pt dashed; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Yes</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; BORDER-TOP: #bfbfbf 1pt dashed; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">03/25/2010</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; BORDER-TOP: #bfbfbf 1pt dashed; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">697,719,990</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">46.200000%</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0.000000%</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">697,719,990</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">46.200000%</FONT></P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">OTHER</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">760,250,118</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">50.330000%</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0.000000%</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">760,250,118</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">50.330000%</FONT></P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">TREASURY
      SHARES</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">52,389,112</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">3.470000%</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0.000000%</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">52,389,112</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">3.470000%</FONT></P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">TOTAL</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">1,510,359,220</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">100.000000%</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0.000000%</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">1,510,359,220</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">100.000000%</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 6pt 0in 6pt 0.25in; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<a name="_bclFooter252"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">252</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_253></A>
<a name="_bclPageBorder253"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader253"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">15.1/15.2 - Shareholdings:</FONT></B></DIV>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="33%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">CONTROLLING
      SHAREHOLDER / INVESTOR</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="33%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">SHAREHOLDER</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Shareholder&#146;s
      Individual Taxpayer&#146;s ID (CPF) / Corporate Taxpayer&#146;s ID
      (CNPJ)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Nationality -
      State</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Signatory to
      shareholders&#146; agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Controlling
      shareholder</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Last
      alteration</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="33%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Breakdown per type of
      share (units)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.35pt" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Number of
      common</FONT></B></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">shares
      (units)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.35pt" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Common shares -
      %</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.35pt" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Number of
      preferred</FONT></B></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">shares
      (units)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.35pt" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Preferred shares -
      %</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.35pt" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Total number
      of</FONT></B></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">shares
      (units)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.35pt" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Total shares -
      %</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.35pt" vAlign=top width="33%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">CONTROLLING
      SHAREHOLDER / INVESTOR</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; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&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: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&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: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 6pt" face="Times New Roman,serif">Shareholder&#146;s
      CPF/CNPJ</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; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 6pt" face="Times New Roman,serif">Capital stock
      breakdown</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.35pt" vAlign=top width="33%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">VICUNHA SIDERURGIA
      S.A.</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; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&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: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&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: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">02.871.007/0001-04</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; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">OTHER</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">6</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0.010000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0.000000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">6</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0.010000</FONT></P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">TOTAL</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">580,634,278</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">100.000000%</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">468,298,605</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">100.000000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">1,048,932,883</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">100.000000%</FONT></P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="99%" colSpan=6>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">VICUNHA A&#199;OS
      S.A.</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; BORDER-TOP: #bfbfbf 1pt dashed; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">04.213.131/0001-08</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; BORDER-TOP: #bfbfbf 1pt dashed; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Brazilian &#150; SP</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; BORDER-TOP: #bfbfbf 1pt dashed; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">No</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; BORDER-TOP: #bfbfbf 1pt dashed; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Yes</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; BORDER-TOP: #bfbfbf 1pt dashed; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">02/09/2006</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; BORDER-TOP: #bfbfbf 1pt dashed; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">580,634,272</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">99.990000%</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">468,298,605</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">100.000000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">1,048,932,877</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">99.990000</FONT></P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Type of
      share</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Number of shares
      (units)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Shares -
      %</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">TOTAL</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0.000000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR height=0>
    <TD width="17%"></TD>
    <TD width="16%"></TD>
    <TD width="16%"></TD>
    <TD width="17%"></TD>
    <TD width="17%"></TD>
    <TD width="16%"></TD></TR></TABLE></DIV>
<P style="MARGIN: 6pt 0in 6pt 0.25in; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<a name="_bclFooter253"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">253</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_254></A>
<a name="_bclPageBorder254"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader254"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">15.1/15.2 - Shareholdings:</FONT></B></DIV>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="33%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">CONTROLLING
      SHAREHOLDER / INVESTOR</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="33%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">SHAREHOLDER</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Shareholder&#146;s
      Individual Taxpayer&#146;s ID (CPF) / Corporate Taxpayer&#146;s ID
      (CNPJ)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Nationality -
      State</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Signatory to
      shareholders&#146; agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Controlling
      shareholder</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Last
      alteration</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="33%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Breakdown per type of
      share (units)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.35pt" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Number of
      common</FONT></B></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">shares
      (units)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.35pt" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Common shares -
      %</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.35pt" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Number of
      preferred</FONT></B></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">shares
      (units)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.35pt" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Preferred shares -
      %</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.35pt" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Total number
      of</FONT></B></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">shares
      (units)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.35pt" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Total shares -
      %</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.35pt" vAlign=top width="33%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">CONTROLLING
      SHAREHOLDER / INVESTOR</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; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&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: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&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: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 6pt" face="Times New Roman,serif">Shareholder&#146;s
      CPF/CNPJ</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; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 6pt" face="Times New Roman,serif">Capital stock
      breakdown</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.35pt" vAlign=top width="33%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">VICUNHA A&#199;OS
      S.A.</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; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&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: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&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: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">04.213.131/0001-08</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; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="99%" colSpan=6>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">National Steel
      S.A.</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; BORDER-TOP: #bfbfbf 1pt dashed; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">07.634.811/0001-93</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; BORDER-TOP: #bfbfbf 1pt dashed; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Luxembourg - DF</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; BORDER-TOP: #bfbfbf 1pt dashed; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">No</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; BORDER-TOP: #bfbfbf 1pt dashed; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Yes</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; BORDER-TOP: #bfbfbf 1pt dashed; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">06/09/2010</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; BORDER-TOP: #bfbfbf 1pt dashed; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0.000000%</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">110,521,137</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">100.000000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">110,521,137</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">33.040333</FONT></P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Type of
      share</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Number of shares
      (units)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Shares -
      %</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">TOTAL</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0.000000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">OTHER</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">9</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0.000004</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0.000000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">9</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0.000003</FONT></P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">TOTAL</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">223,982,562</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">100.000000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">110,521,137</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">100.000000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">334,503,699</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">100.000000</FONT></P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="99%" colSpan=6>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Vicunha Steel
      S.A.</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; BORDER-TOP: #bfbfbf 1pt dashed; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">04.213.131/0001-08</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; BORDER-TOP: #bfbfbf 1pt dashed; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Brazilian &#150; SP</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; BORDER-TOP: #bfbfbf 1pt dashed; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">No</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; BORDER-TOP: #bfbfbf 1pt dashed; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Yes</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; BORDER-TOP: #bfbfbf 1pt dashed; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">06/09/2010</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; BORDER-TOP: #bfbfbf 1pt dashed; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">223,982,553</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">99.999999</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0.000000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">223,982,553</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">66.959664</FONT></P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Type of
      share</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Number of shares
      (units)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Shares -
      %</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">TOTAL</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0.000000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR height=0>
    <TD width="17%"></TD>
    <TD width="16%"></TD>
    <TD width="16%"></TD>
    <TD width="17%"></TD>
    <TD width="17%"></TD>
    <TD width="16%"></TD></TR></TABLE></DIV>
<a name="_bclFooter254"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">254</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_255></A>
<a name="_bclPageBorder255"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader255"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">15.1/15.2 - Shareholdings:</FONT></B></DIV>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="33%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">CONTROLLING
      SHAREHOLDER / INVESTOR</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="33%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">SHAREHOLDER</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Shareholder&#146;s
      Individual Taxpayer&#146;s ID (CPF) / Corporate Taxpayer&#146;s ID
      (CNPJ)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Nationality -
      State</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Signatory to
      shareholders&#146; agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Controlling
      shareholder</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Last
      alteration</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="33%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Breakdown per type of
      share (units)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.35pt" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Number of
      common</FONT></B></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">shares
      (units)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.35pt" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Common shares -
      %</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.35pt" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Number of
      preferred</FONT></B></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">shares
      (units)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.35pt" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Preferred shares -
      %</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.35pt" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Total number
      of</FONT></B></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">shares
      (units)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.35pt" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Total shares -
      %</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.35pt" vAlign=top width="33%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">CONTROLLING
      SHAREHOLDER / INVESTOR</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; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&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: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&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: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 6pt" face="Times New Roman,serif">Shareholder&#146;s
      CPF/CNPJ</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; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 6pt" face="Times New Roman,serif">Capital stock
      breakdown</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.35pt" vAlign=top width="33%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">National Steel
      S.A.</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; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&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: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&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: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">07.634.811/0001-93</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; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="99%" colSpan=6>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">CFL Participa&#231;&#245;es
      S.A.</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; BORDER-TOP: #bfbfbf 1pt dashed; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">60.078.045/0001-00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; BORDER-TOP: #bfbfbf 1pt dashed; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Brazilian - DF</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; BORDER-TOP: #bfbfbf 1pt dashed; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">No</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; BORDER-TOP: #bfbfbf 1pt dashed; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Yes</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; BORDER-TOP: #bfbfbf 1pt dashed; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">05/10/2005</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; BORDER-TOP: #bfbfbf 1pt dashed; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">124</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">40.000000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0.000000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">124</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">40.000000</FONT></P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Type of
      share</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Number of shares
      (units)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Shares -
      %</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">TOTAL</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0.000000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">OTHER</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0.000000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0.000000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0.000000</FONT></P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">TOTAL</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">223,982,562</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">100.000000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">110,521,137</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">100.000000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">334,503,699</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">100.000000</FONT></P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="99%" colSpan=6>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=PT-BR style="FONT-SIZE: 8pt" face="Times New Roman,serif">Rio Purus
      Participa&#231;&#245;es S.A.</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; BORDER-TOP: #bfbfbf 1pt dashed; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">60.078.060/0001-59</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; BORDER-TOP: #bfbfbf 1pt dashed; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Brazilian &#150; SP</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; BORDER-TOP: #bfbfbf 1pt dashed; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">No</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; BORDER-TOP: #bfbfbf 1pt dashed; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Yes</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; BORDER-TOP: #bfbfbf 1pt dashed; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">05/10/2005</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; BORDER-TOP: #bfbfbf 1pt dashed; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">186</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">60.000000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0.000000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">186</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">60.000000</FONT></P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Type of
      share</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Number of shares
      (units)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Shares -
      %</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">TOTAL</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0.000000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">TOTAL</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">310</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">100.000000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0.000000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">310</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">100.000000</FONT></P></TD></TR>
  <TR height=0>
    <TD width="17%"></TD>
    <TD width="16%"></TD>
    <TD width="16%"></TD>
    <TD width="17%"></TD>
    <TD width="17%"></TD>
    <TD width="16%"></TD></TR></TABLE></DIV>
<a name="_bclFooter255"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">255</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_256></A>
<a name="_bclPageBorder256"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader256"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">15.1/15.2 - Shareholdings:</FONT></B></DIV>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="33%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">CONTROLLING
      SHAREHOLDER / INVESTOR</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="33%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">SHAREHOLDER</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Shareholders&#146;
      Individual Taxpayer&#146;s ID (CPF) / Corporate Taxpayer&#146;s ID
      (CNPJ)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Nationality -
      State</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Signatory to
      shareholders&#146; agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Controlling
      shareholder</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Last
      alteration</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="33%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Breakdown per type of
      share (units)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.35pt" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Number of
      common</FONT></B></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">shares
      (units)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.35pt" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Common shares -
      %</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.35pt" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Number of
      preferred</FONT></B></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">shares
      (units)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.35pt" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Preferred shares -
      %</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.35pt" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Total number
      of</FONT></B></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">shares
      (units)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.35pt" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Total shares -
      %</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.35pt" vAlign=top width="33%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">CONTROLLING
      SHAREHOLDER / INVESTOR</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; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&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: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&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: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 6pt" face="Times New Roman,serif">Shareholder&#146;s
      CPF/CNPJ</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; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 6pt" face="Times New Roman,serif">Capital stock
      breakdown</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.35pt" vAlign=top width="33%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Vicunha Steel
      S.A.</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; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&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: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&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: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">04.169.992/0001-36</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; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="99%" colSpan=6>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">CFL Participa&#231;&#245;es
      S.A.</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; BORDER-TOP: #bfbfbf 1pt dashed; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">60.078.045/0001-00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; BORDER-TOP: #bfbfbf 1pt dashed; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Brazilian - DF</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; BORDER-TOP: #bfbfbf 1pt dashed; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">No</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; BORDER-TOP: #bfbfbf 1pt dashed; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Yes</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; BORDER-TOP: #bfbfbf 1pt dashed; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">08/06/2010</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; BORDER-TOP: #bfbfbf 1pt dashed; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">88,994,550</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">39.999999</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0.000000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">88,994,550</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">39.999999</FONT></P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Type of
      share</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Number of shares
      (units)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Shares -
      %</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">TOTAL</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0.000000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">OTHER</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">9</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0.000004</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0.000000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">9</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0.000004</FONT></P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">TOTAL</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">223,982,562</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">100.000000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">110,521,137</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">100.000000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">334,503,699</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">100.000000</FONT></P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="99%" colSpan=6>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=PT-BR style="FONT-SIZE: 8pt" face="Times New Roman,serif">Rio Purus
      Participa&#231;&#245;es S.A.</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; BORDER-TOP: #bfbfbf 1pt dashed; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">60.078.060/0001-59</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; BORDER-TOP: #bfbfbf 1pt dashed; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Brazilian &#150; SP</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; BORDER-TOP: #bfbfbf 1pt dashed; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">No</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; BORDER-TOP: #bfbfbf 1pt dashed; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Yes</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; BORDER-TOP: #bfbfbf 1pt dashed; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">08/06/2010</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; BORDER-TOP: #bfbfbf 1pt dashed; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">133,491,823</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">59.999997</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0.000000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">133,491,823</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">59.999997</FONT></P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Type of
      share</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Number of shares
      (units)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Shares -
      %</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">TOTAL</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0.000000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">TOTAL</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">222,486,382</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">100.000000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0.000000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">222,486,382</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">100.000000</FONT></P></TD></TR>
  <TR height=0>
    <TD width="17%"></TD>
    <TD width="16%"></TD>
    <TD width="16%"></TD>
    <TD width="17%"></TD>
    <TD width="17%"></TD>
    <TD width="16%"></TD></TR></TABLE></DIV>
<P style="MARGIN: 6pt 0in 6pt 0.25in; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<a name="_bclFooter256"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">256</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_257></A>
<a name="_bclPageBorder257"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader257"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">15.1/15.2 - Shareholdings:</FONT></B></DIV>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="33%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">CONTROLLING
      SHAREHOLDER / INVESTOR</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="33%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">SHAREHOLDER</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Shareholder&#146;s
      Individual Taxpayer&#146;s ID (CPF) / Corporate Taxpayer&#146;s ID
      (CNPJ)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Nationality -
      State</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Signatory to
      shareholders&#146; agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Controlling
      shareholder</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Last
      alteration</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="33%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Breakdown per type of
      share (units)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.35pt" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Number of
      common</FONT></B></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">shares
      (units)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.35pt" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Common shares -
      %</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.35pt" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Number of
      preferred</FONT></B></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">shares
      (units)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.35pt" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Preferred shares -
      %</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.35pt" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Total number
      of</FONT></B></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">shares
      (units)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.35pt" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Total shares -
      %</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.35pt" vAlign=top width="33%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">CONTROLLING
      SHAREHOLDER / INVESTOR</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; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&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: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&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: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 6pt" face="Times New Roman,serif">Shareholder&#146;s
      CPF/CNPJ</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; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 6pt" face="Times New Roman,serif">Capital stock
      breakdown</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.35pt" vAlign=top width="33%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">CFL Participa&#231;&#245;es
      S.A.</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; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&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: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&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: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">60.078.045/0001-00</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; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="99%" colSpan=6>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Estate of Eliezer
      Steinbruch</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; BORDER-TOP: #bfbfbf 1pt dashed; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; BORDER-TOP: #bfbfbf 1pt dashed; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; BORDER-TOP: #bfbfbf 1pt dashed; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">No</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; BORDER-TOP: #bfbfbf 1pt dashed; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Yes</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; BORDER-TOP: #bfbfbf 1pt dashed; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; BORDER-TOP: #bfbfbf 1pt dashed; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">982,186,288</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">99.999995</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0.000000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">982,186,288</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">99.999995</FONT></P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Type of
      share</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Number of shares
      (units)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Shares -
      %</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">TOTAL</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0.000000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">OTHER</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">3,000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0.000305</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0.000000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">3,000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0.000305</FONT></P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">TOTAL</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">982,189,288</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">100.000000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0.000000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">982,189,288</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">100.000000</FONT></P></TD></TR>
  <TR height=0>
    <TD width="17%"></TD>
    <TD width="16%"></TD>
    <TD width="16%"></TD>
    <TD width="17%"></TD>
    <TD width="17%"></TD>
    <TD width="16%"></TD></TR></TABLE></DIV>
<P style="MARGIN: 6pt 0in 6pt 0.25in; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<a name="_bclFooter257"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">257</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_258></A>
<a name="_bclPageBorder258"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader258"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">15.1/15.2 - Shareholdings:</FONT></B></DIV>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="33%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">CONTROLLING
      SHAREHOLDER / INVESTOR</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="33%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">SHAREHOLDER</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Shareholder&#146;s
      Individual Taxpayer&#146;s ID (CPF) / Corporate Taxpayer&#146;s ID
      (CNPJ)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Nationality -
      State</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Signatory to
      shareholders&#146; agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Controlling
      shareholder</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Last
      alteration</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="33%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Breakdown per type of
      share (units)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.35pt" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Number of
      common</FONT></B></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">shares
      (units)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.35pt" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Common shares -
      %</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.35pt" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Number of
      preferred</FONT></B></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">shares
      (units)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.35pt" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Preferred shares -
      %</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.35pt" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Total number
      of</FONT></B></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">shares
      (units)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.35pt" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Total shares -
      %</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.35pt" vAlign=top width="33%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">CONTROLLING
      SHAREHOLDER / INVESTOR</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; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&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: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&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: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 6pt" face="Times New Roman,serif">Shareholder&#146;s
      CPF/CNPJ</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; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 6pt" face="Times New Roman,serif">Capital stock
      breakdown</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.35pt" vAlign=top width="33%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">CFL Participa&#231;&#245;es
      S.A.</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; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&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: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&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: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">60.078.045/0001-00</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; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="99%" colSpan=6>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Estate of Eliezer
      Steinbruch</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; BORDER-TOP: #bfbfbf 1pt dashed; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; BORDER-TOP: #bfbfbf 1pt dashed; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; BORDER-TOP: #bfbfbf 1pt dashed; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">No</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; BORDER-TOP: #bfbfbf 1pt dashed; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Yes</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; BORDER-TOP: #bfbfbf 1pt dashed; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; BORDER-TOP: #bfbfbf 1pt dashed; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">982,186,288</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">99.999995</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0.000000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">982,186,288</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">99.999995</FONT></P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Type of
      share</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Number of shares
      (units)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Shares -
      %</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">TOTAL</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0.000000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">OTHER</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">3,000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0.000305</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0.000000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">3,000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0.000305</FONT></P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">TOTAL</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">982,189,288</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">100.000000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0.000000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">982,189,288</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">100.000000</FONT></P></TD></TR>
  <TR height=0>
    <TD width="17%"></TD>
    <TD width="16%"></TD>
    <TD width="16%"></TD>
    <TD width="17%"></TD>
    <TD width="17%"></TD>
    <TD width="16%"></TD></TR></TABLE></DIV>
<P style="MARGIN: 6pt 0in 6pt 0.25in; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<a name="_bclFooter258"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">258</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_259></A>
<a name="_bclPageBorder259"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader259"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">15.1/15.2 - Shareholdings:</FONT></B></DIV>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="33%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">CONTROLLING
      SHAREHOLDER / INVESTOR</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="33%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">SHAREHOLDER</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Shareholder&#146;s
      Individual Taxpayer&#146;s ID (CPF) / Corporate Taxpayer&#146;s ID
      (CNPJ)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Nationality -
      State</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Signatory to
      shareholders&#146; agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Controlling
      shareholder</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Last
      alteration</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="33%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Breakdown per type of
      share (units)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.35pt" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Number of
      common</FONT></B></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">shares
      (units)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.35pt" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Common shares -
      %</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.35pt" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Number of
      preferred</FONT></B></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">shares
      (units)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.35pt" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Preferred shares -
      %</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.35pt" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Total number
      of</FONT></B></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">shares
      (units)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.35pt" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Total shares -
      %</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.35pt" vAlign=top width="33%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">CONTROLLING
      SHAREHOLDER / INVESTOR</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; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&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: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&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: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 6pt" face="Times New Roman,serif">Shareholder&#146;s
      CPF/CNPJ</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; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 6pt" face="Times New Roman,serif">Capital stock
      breakdown</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.35pt" vAlign=top width="33%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Rio Purus
      S.A.</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; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&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: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&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: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">60.078.060/0001-59</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; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="99%" colSpan=6>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Doroth&#233;a
      Steinbruch</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; BORDER-TOP: #bfbfbf 1pt dashed; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">055.494.768-43</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; BORDER-TOP: #bfbfbf 1pt dashed; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Brazilian - SP</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; BORDER-TOP: #bfbfbf 1pt dashed; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">No</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; BORDER-TOP: #bfbfbf 1pt dashed; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Yes</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; BORDER-TOP: #bfbfbf 1pt dashed; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; BORDER-TOP: #bfbfbf 1pt dashed; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">1,404,092,446</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">99.999786</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0.000000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">1,404,092,446</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">99.999786</FONT></P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Type of
      share</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Number of shares
      (units)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Shares -
      %</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">TOTAL</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0.000000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">OTHER</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">3,000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0.000214</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0.000000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">3,000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0.000214</FONT></P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">TOTAL</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">1,404,095,446</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">100.000000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">100.000000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">1,404,095,446</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">100.000000</FONT></P></TD></TR>
  <TR height=0>
    <TD width="17%"></TD>
    <TD width="16%"></TD>
    <TD width="16%"></TD>
    <TD width="17%"></TD>
    <TD width="17%"></TD>
    <TD width="16%"></TD></TR></TABLE></DIV>
<P style="MARGIN: 6pt 0in 6pt 0.25in; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<a name="_bclFooter259"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">259</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_260></A>
<a name="_bclPageBorder260"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader260"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">15.1/15.2 - Shareholdings:</FONT></B></DIV>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="33%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">CONTROLLING
      SHAREHOLDER / INVESTOR</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="33%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">SHAREHOLDER</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Shareholder&#146;s
      Individual Taxpayer&#146;s ID (CPF) / Corporate Taxpayer&#146;s ID
      (CNPJ)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Nationality -
      State</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Signatory to
      shareholders&#146; agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Controlling
      shareholder</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Last
      alteration</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="33%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Breakdown per type of
      share(units)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.35pt" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Number of
      common</FONT></B></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">shares
      (units)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.35pt" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Common shares -
      %</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.35pt" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Number of
      preferred</FONT></B></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">shares
      (units)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.35pt" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Preferred shares -
      %</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.35pt" width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Total number
      of</FONT></B></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">shares
      (units)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.35pt" width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Total shares -
      %</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.35pt" vAlign=top width="33%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">CONTROLLING
      SHAREHOLDER / INVESTOR</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; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&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: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&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: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 6pt" face="Times New Roman,serif">Shareholder&#146;s
      CPF/CNPJ</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; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 6pt" face="Times New Roman,serif">Capital stock
      breakdown</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.35pt" vAlign=top width="33%" colSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Rio Purus
      S.A.</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; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&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: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&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: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">60.078.060/0001-59</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; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="99%" colSpan=6>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Doroth&#233;a
      Steinbruch</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; BORDER-TOP: #bfbfbf 1pt dashed; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">055.494.768-43</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; BORDER-TOP: #bfbfbf 1pt dashed; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Brazilian - SP</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; BORDER-TOP: #bfbfbf 1pt dashed; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">No</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; BORDER-TOP: #bfbfbf 1pt dashed; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Yes</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; BORDER-TOP: #bfbfbf 1pt dashed; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; BORDER-TOP: #bfbfbf 1pt dashed; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">1,404,092,446</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">99.999786</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0.000000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">1,404,092,446</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">99.999786</FONT></P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Type of
      share</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Number of shares
      (units)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Shares -
      %</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">TOTAL</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0.000000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">OTHER</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">3,000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0.000214</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0.000000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">3,000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0.000214</FONT></P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">TOTAL</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1pt dashed; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 8.35pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">1,404,095,446</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">100.000000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">100.000000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">1,404,095,446</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 1.5pt solid; HEIGHT: 8.35pt" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">100.000000</FONT></P></TD></TR>
  <TR height=0>
    <TD width="17%"></TD>
    <TD width="16%"></TD>
    <TD width="16%"></TD>
    <TD width="17%"></TD>
    <TD width="17%"></TD>
    <TD width="16%"></TD></TR></TABLE></DIV>
<P style="MARGIN: 6pt 0in 6pt 0.25in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;</FONT><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: left">260</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_261></A>
<a name="_bclPageBorder261"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader261"></a><DIV><FONT style="FONT-VARIANT: small-caps"><I><FONT lang=PT-BR style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>15.3 &#150; Capital
distribution</B></FONT></I></FONT></DIV>
<DIV align=left>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Date of last
      meeting</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" vAlign=top width="50%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">03/25/2010</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Number of individual
      shareholders (units)</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="50%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">45,050</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Number of corporate
      shareholders (units)</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="50%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">1,344</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Number of
      institutional investors (units)</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="50%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">1,642</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 6pt 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: 6pt 0in; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Outstanding
shares</FONT></B></P>
<P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Outstanding shares corresponding to all of the
Company&#146;s shares, except those held by the controlling shareholder and related
parties, the Company&#146;s management and shares held in treasury.</FONT></P>
<DIV align=left>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Common shares
      (units)</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" vAlign=top width="33%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">760,250,118</FONT></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" vAlign=top width="33%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">50.300000%</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Preferred shares
      (units)</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="33%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">0</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="33%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">0.000000%</FONT></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="34%">
      <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></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="33%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">760,250,118</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="33%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">50.300000%</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter261"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">261</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_262></A>
<a name="_bclPageBorder262"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader262"></a><DIV><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>15.4 The Company may add an organization chart
of its controlling shareholders, identifying the direct and indirect controlling
shareholders and shareholders who own five percent or more of a given class or
type of shares</B></FONT></I></FONT><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>.</B></FONT></I></FONT></DIV>
<P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Not
applicable.</FONT></P>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter262"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">262</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_263></A>
<a name="_bclPageBorder263"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader263"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>15.5 </B></FONT></I></FONT><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>Information on shareholders&#146; agreements
regulating the exercise of voting rights or the transfer of Company&#146;s shares
that are filed at the Company&#146;s headquarters and to which the controlling
shareholder is a party</B></FONT></I></FONT><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>:</B> </FONT></I></FONT></P></DIV>
<P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">There
is no shareholder agreement filed at the Company&#146;s headquarters.
&nbsp;</FONT></P>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter263"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">263</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_264></A>&nbsp;
<a name="_bclPageBorder264"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader264"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>15.6 </B></FONT></I></FONT><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>Material changes in the interests of other
members of the Company&#146;s controlling group and
management</B></FONT></I></FONT><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>:</B> </FONT></I></FONT></P></DIV>
<P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">There
were no material changes in the interests of members of the Company&#146;s
controlling group.</FONT></P>
<P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">The
Company&#146;s management does not hold a relevant interest.</FONT></P>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter264"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">264</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_265></A>
<a name="_bclPageBorder265"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader265"></a><DIV><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>15.7 Other material information:
</B></FONT></I></FONT></DIV>
<P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">None.</FONT></P>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter265"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">265</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_266></A>
<a name="_bclPageBorder266"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader266"></a><DIV><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman,serif"><B><I>16.1</I></B></FONT> <FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman,serif"><B><I>Rules, policies and practices of the Company
regarding transactions with related parties (as defined by the accounting rules
that address this matter)</I></B></FONT><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt; FONT-VARIANT: small-caps" face="Times New Roman,serif"><B><I>: </I></B></FONT></DIV>
<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">Brazilian Corporation Law
forbids board members and executive officers from: (i) performing any act
involving the Company&#146;s assets to the detriment of the Company;&nbsp; (ii)
receiving, due to their position, any type of direct or indirect advantage from
third parties, without authorization in the respective Bylaws or of a
shareholders&#146; meeting; and (iii) interfering in any corporate operation in which
their interests conflict with those of the Company or in the resolutions taken
by the Board of Directors regarding any such operation.&nbsp; </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 accordance with the
Company&#146;s Bylaws, it is the responsibility of the Board of Directors to define
the Executive Board's competence to approve the execution by the Company of any
legal transactions, including loans and financing, including with its direct and
indirect subsidiaries.&nbsp; </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 financial and
operational policies establish rules to ensure that all decisions, in particular
those involving related parties, are taken in conformity with the Company&#146;s
interests, based on the main parameters used by the market. These rules cover
the contracting, booking and processing of documents related to loan agreements,
current accounts and advances for future capital increases with all companies in
which the Company holds an interest, in Brazil and abroad, thereby defining the
flow of operations from the planning stage to the remittance of cash and the
respective records, controls and approvals. </FONT></P>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter266"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">266</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_267></A>&nbsp;
<a name="_bclPageBorder267"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader267"></a><DIV><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>16.2 Information on transactions with related
parties</B></FONT></I></FONT><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>:</B></FONT></I></FONT></DIV>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; 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; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Related party</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" vAlign=top width="15%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Date of transaction</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Amount involved (R$)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Balance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Amount (R$)</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" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Final maturity</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" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Loan or other type of debt</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" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Interest rate</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nacional Min&#233;rios</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: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">01/28/2009</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">1,231,721,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">1,231,721,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Indefinite </FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">YES</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0.000000</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 dashed" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="15%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="15%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Loan agreement</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="15%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="15%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="15%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Interest rate: 100% of CDI</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Exclusive Funds</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: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">2,724,714,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">2,724,714,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Indefinite</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">NO</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0.000000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</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: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="15%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Other</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="15%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Investment</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="15%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="15%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="15%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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 dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Prada</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: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">11/07/2007</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">68,329,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Indefinite</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">YES</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0.000000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</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: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="15%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="15%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Loan agreement</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="15%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="15%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="15%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Interest rate: 100% of CDI</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">IIF</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: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">12/31/2008</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">20,521,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">20,521,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Indefinite</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">YES</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">3.000000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</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: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="15%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="18%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="15%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Loan agreement</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<a name="_bclFooter267"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">267</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_268></A>
<a name="_bclPageBorder268"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader268"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">16.2 Information on transactions with related
parties:</FONT></B></DIV>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; 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; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Related party</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Date of transaction</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Amount involved (R$)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Balance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Amount (R$)</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Final maturity</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Loan or other type of debt</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Interest rate</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 dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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 dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">CSN A&#231;os Longos</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">12/14/2007</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">117,392,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">NO</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0.000000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Capital increase</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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 dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nacional Min&#233;rios</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">383,990,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">NO</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0.000000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Capital increase</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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 dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Prada</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">-1,314,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">NO</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0.000000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Capital increase</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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 dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="MARGIN: 3pt 0in 12pt 0.25in; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<a name="_bclFooter268"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">268</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_269></A>
<a name="_bclPageBorder269"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader269"></a><DIV><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"><B>16.2 Information on transactions with related
parties:</B></FONT></DIV>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; 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; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Related party</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Date of transaction</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Amount involved (R$)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Balance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Amount (R$)</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Final maturity</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Loan or other type of debt</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Interest rate</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Inal Nordeste</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">6,000,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Indefinite</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">NO</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0.000000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Capital increase</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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 dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Transnordestina</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">12/10/2009</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">178,132,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">3,362,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">12/10/2009</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">NO</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0.000000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Capital increase</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default </FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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 dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">CSN Cimentos</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">338,672,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">NO</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0.000000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Capital increase</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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 dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">MRS Log&#237;stica</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">01/28/2009</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">281,180,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">65,979,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">01/31/2012</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">NO</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0.000000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Affiliated company</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Dividends</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>
<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"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<a name="_bclFooter269"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">269</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_270></A>
<a name="_bclPageBorder270"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader270"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">16.2 Information on transactions with related
parties:</FONT></B></DIV>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; 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; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Related party</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Date of transaction</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Amount involved (R$)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Balance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Amount (R$)</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Final maturity</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Loan or other type of debt</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Interest rate</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 dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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 dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Inal</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">41,194,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">NO</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0.000000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Dividends</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default </FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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 dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Sepetiba Tecon</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">23,073,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">23,073,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">NO</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0.000000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Dividends</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A </FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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 dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Galvasud</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">110,760,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">3 years</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">NO</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0.000000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Dividends</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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 dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="MARGIN: 3pt 0in 12pt 0.25in; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<a name="_bclFooter270"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">270</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_271></A>
<a name="_bclPageBorder271"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader271"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">16.2 Information on transactions with related
parties:</FONT></B></DIV>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; 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; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Related party</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Date of transaction</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Amount involved (R$)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Balance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Amount (R$)</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Final maturity</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Loan or other type of debt</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Interest rate</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">CSN I</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">56,469,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">3 years</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">NO</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0.000000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Dividends</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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 dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">ERSA</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">21,435,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">3 years</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">NO</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0.000000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Dividends</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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 dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">CSN Energia</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">24,783,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">3 years</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">NO</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0.000000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Dividends</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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 dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nacional Min&#233;rios</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">01/28/2009</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">341,391,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">275,139,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">NO</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0.000000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Dividends</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="MARGIN: 3pt 0in 12pt 0.25in; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<a name="_bclFooter271"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">271</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_272></A>&nbsp;
<a name="_bclPageBorder272"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader272"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">16.2 Information on transactions with related
parties:</FONT></B></DIV>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; 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; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Related party</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Date of transaction</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Amount involved (R$)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Balance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Amount (R$)</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Final maturity</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Loan or other type of debt</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Interest rate</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 dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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 dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">It&#225; Energetica</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">01/28/2009</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">13,290,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">5,790,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">3 years</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">NO</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0.000000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Dividends</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A </FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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 dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nacional Min&#233;rios</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">01/28/2009</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">26,161,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">26,161,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">01/31/2012</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">NO</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0.000000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Accounts receivable</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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 dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">MRS Log&#237;stica</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">01/28/2009</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">786,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">786,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">01/31/2012</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">NO</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0.000000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Affiliated company</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Accounts receivable</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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 dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="MARGIN: 3pt 0in 12pt 0.25in; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<a name="_bclFooter272"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">272</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_273></A>
<a name="_bclPageBorder273"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader273"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">16.2 Information on transactions with related
parties:</FONT></B></DIV>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; 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; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Related party</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Date of transaction</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Amount involved (R$)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Balance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Amount (R$)</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Final maturity</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Loan or other type of debt</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Interest rate</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">CSN Export</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">503,748,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">503,748,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">NO</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0.000000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Accounts receivable</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default </FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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 dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">CSN Madeira</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">418,805,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">418,805,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">NO</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0.000000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Accounts receivable</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default </FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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 dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Inal</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">20,232,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">NO</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0.000000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Accounts receivable</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default </FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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 dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Prada</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">55,124,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">55,124,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">NO</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0.000000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Accounts receivable</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="MARGIN: 3pt 0in 12pt 0.25in; 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"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<a name="_bclFooter273"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">273</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_274></A>
<a name="_bclPageBorder274"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader274"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">16.2 Information on transactions with related
parties:</FONT></B></DIV>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; 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; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Related party</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Date of transaction</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Amount involved (R$)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Balance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Amount (R$)</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Final maturity</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Loan or other type of debt</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Interest rate</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 dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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 dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Sepetiba Tecon</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">85,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">NO</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0.000000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Accounts receivable</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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 dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Inal Nordeste</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">11,094,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">11,094,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">NO</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0.000000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Accounts receivable</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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 dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Namisa Europe</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">5,734,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">5,734,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">NO</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0.000000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Accounts receivable</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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 dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<a name="_bclFooter274"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">274</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_275></A>
<a name="_bclPageBorder275"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader275"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">16.2 Information on transactions with related
parties:</FONT></B></DIV>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; 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; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Related party</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Date of transaction</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Amount involved (R$)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Balance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Amount (R$)</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Final maturity</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Loan or other type of debt</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Interest rate</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Galvasud</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">4,739,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">4,739,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">NO</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0.000000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Accounts receivable</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default </FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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 dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Cia. Metalic Nordeste</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">4,524,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">4,524,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">NO</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0.000000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Accounts receivable</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default </FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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 dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Transnordestina</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">131,147,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">NO</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0.000000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Accounts receivable</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default </FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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 dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">CSN Cimentos</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">878,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">878,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">NO</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0.000000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Accounts receivable</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="MARGIN: 3pt 0in 12pt 0.25in; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<a name="_bclFooter275"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">275</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_276></A>
<a name="_bclPageBorder276"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader276"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">16.2 Information on transactions with related
parties:</FONT></B></DIV>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; 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; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Related party</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Date of transaction</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Amount involved (R$)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Balance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Amount (R$)</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Final maturity</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Loan or other type of debt</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Interest rate</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 dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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 dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Inal</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">2,461,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">NO</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0.000000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Current account</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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 dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Prada</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">2,499,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">NO</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0.000000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Current account</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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 dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Sepetiba Tecon</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">445,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">NO</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0.000000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Current account</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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 dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="MARGIN: 3pt 0in 12pt 0.25in; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<a name="_bclFooter276"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">276</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_277></A>
<a name="_bclPageBorder277"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader277"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">16.2 Information on transactions with related
parties:</FONT></B></DIV>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; 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; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Related party</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Date of transaction</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Amount involved (R$)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Balance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Amount (R$)</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Final maturity</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Loan or other type of debt</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Interest rate</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Funda&#231;&#227;o CSN</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">906,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">906,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">NO</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0.000000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Other</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Current account</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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 dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Banco Fibra</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">34,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">34,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">NO</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0.000000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Other</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Current account</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A </FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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 dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Sepetiba Tecon</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">1,112,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">NO</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0.000000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Advance to supplier</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default </FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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 dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">MRS Log&#237;stica</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">137,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">NO</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0.000000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Affiliated company</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Advance to supplier</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="MARGIN: 3pt 0in 12pt 0.25in; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<a name="_bclFooter277"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">277</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_278></A>
<a name="_bclPageBorder278"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader278"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">16.2 Information on transactions with related
parties:</FONT></B></DIV>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; 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; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Related party</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Date of transaction</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Amount involved (R$)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Balance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Amount (R$)</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Final maturity</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Loan or other type of debt</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Interest rate</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 dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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 dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">CSN Cement (1)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">06/10/2005</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">200,000,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">364,396,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">01/13/2017</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">YES</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">10.000000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Prepayment</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="84%" colSpan=7>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">(1) until 2008, Cinnabar was the creditor of
      these agreements</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">CSN Cement (1)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">09/30/2005</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">200,000,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">34,968,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">09/03/2010</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">YES</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">8.250000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Prepayment</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="72%" colSpan=6>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">(1) until 2008, Cinnabar was the creditor of
      these agreements</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">CSN Cement (1)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">06/29/2006</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">76,000,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">132,359,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">06/29/2018</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">YES</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">7.500000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Prepayment</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="84%" colSpan=7>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">(1) until 2008, Cinnabar was the creditor of
      these agreements</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 3pt 0in 12pt 0.25in; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<a name="_bclFooter278"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">278</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_279></A>
<a name="_bclPageBorder279"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader279"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">16.2 Information on transactions with related
parties:</FONT></B></DIV>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; 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; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Related party</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Date of transaction</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Amount involved (R$)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Balance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Amount (R$)</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Final maturity</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Loan or other type of debt</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Interest rate</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">CSN Cement (1)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">06/29/2006</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">224,000,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">390,110,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">06/29/2018</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">YES</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">7.500000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Prepayment</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="84%" colSpan=7>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">(1) until 2008, Cinnabar was the creditor of
      these agreements</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">CSN Cement (1)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">01/04/2008</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">172,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">304,436,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">10/07/2011</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">YES</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">7.000000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Prepayment</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="72%" colSpan=6>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">(1) until 2008, Cinnabar was the creditor of
      these agreements</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">CSN Cement (1)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">01/11/2008</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">19,000,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">33,372,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">01/14/2011</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">YES</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">7.000000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Prepayment</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="84%" colSpan=7>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">(1) until 2008, Cinnabar was the creditor of
      these agreements</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">CSN Cement (1)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">11/28/2008</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">25,000,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">43,742,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">11/28/2012</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">YES</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">5.666300</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Prepayment</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="MARGIN: 3pt 0in 12pt 0.25in; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<a name="_bclFooter279"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">279</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_280></A>
<a name="_bclPageBorder280"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader280"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">16.2 Information on transactions with related
parties:</FONT></B></DIV>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; 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; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Related party</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Date of transaction</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Amount involved (R$)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Balance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Amount (R$)</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Final maturity</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Loan or other type of debt</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Interest rate</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 dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="60%" colSpan=5>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">(1) until 2008, Cinnabar was the creditor of
      these agreements</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">CSN Cement (1)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">11/27/2008</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">25,000,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">43,742,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">11/28/2012</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">YES</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">5.666300</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Prepayment</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="84%" colSpan=7>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">(1) until 2008, Cinnabar was the creditor of
      these agreements</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">CSN Cement (1)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">05/12/2008</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">40,000,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">70,027,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">05/13/2013</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">YES</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">4.000000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Prepayment</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="72%" colSpan=6>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">(1) until 2008, Cinnabar was the creditor of
      these agreements</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">CSN Cement (2)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">01/11/2008</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">20,000,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">35,975,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">01/17/2012</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">YES</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">7.000000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Prepayment</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="84%" colSpan=7>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">(2) until 2008, Iron was the creditor of
      these agreements</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 3pt 0in 12pt 0.25in; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<a name="_bclFooter280"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">280</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_281></A>&nbsp;
<a name="_bclPageBorder281"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader281"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">16.2 Information on transactions with related
parties:</FONT></B></DIV>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; 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; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Related party</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Date of transaction</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Amount involved (R$)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Balance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Amount (R$)</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Final maturity</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Loan or other type of debt</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Interest rate</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">CSN Cement (2)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">11/28/2008</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">28,000,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">48,991,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">11/28/2012</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">YES</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">5.666300</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Prepayment</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="84%" colSpan=7>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">(2) until 2008, Iron was the creditor of
      these agreements</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">CSN Cement (3)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">09/24/2007</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">194,500,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">339,141,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">09/26/2016</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">YES</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">7.250000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Prepayment</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="72%" colSpan=6>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">(3) until 2008, CSN Madeira was the creditor
      of these agreements</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Cinnabar</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">06/10/2005</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">200,000,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">01/13/2017</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">YES</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">10.000000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Prepayment</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="84%" colSpan=7>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Cinnabar</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">09/30/2005</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">20,000,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">09/03/2010</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">YES</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">8.250000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Prepayment</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="MARGIN: 3pt 0in 12pt 0.25in; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<a name="_bclFooter281"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">281</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_282></A>
<a name="_bclPageBorder282"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader282"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">16.2 Information on transactions with related
parties:</FONT></B></DIV>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; 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; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Related party</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Date of transaction</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Amount involved (R$)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Balance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Amount (R$)</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Final maturity</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Loan or other type of debt</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Interest rate</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 dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="60%" colSpan=5>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Cinnabar</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">06/29/2006</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">76,000,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">06/29/2018</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">YES</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">7.500000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Prepayment</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="84%" colSpan=7>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Cinnabar</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">06/29/2006</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">224,000,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">06/29/2018</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">YES</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">7.500000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Prepayment</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="72%" colSpan=6>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Cinnabar</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">01/04/2008</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">172,000,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">10/07/2011</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">YES</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">7.000000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Prepayment</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="84%" colSpan=7>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="MARGIN: 3pt 0in 12pt 0.25in; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<a name="_bclFooter282"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">282</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_283></A>
<a name="_bclPageBorder283"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader283"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">16.2 Information on transactions with related
parties:</FONT></B></DIV>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; 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; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Related party</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Date of transaction</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Amount involved (R$)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Balance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Amount (R$)</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Final maturity</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Loan or other type of debt</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Interest rate</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Cinnabar</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">01/11/2008</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">19,000,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">01/14/2011</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">YES</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">7.000000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Prepayment</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="84%" colSpan=7>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Cinnabar</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">11/28/2008</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">25,000,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">11/28/2012</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">YES</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">5.666300</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Prepayment</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="72%" colSpan=6>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Cinnabar</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">11/27/2008</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">25,000,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">11/28/2012</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">YES</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">5.666300</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Prepayment</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="84%" colSpan=7>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Cinnabar</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">05/12/2008</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">40,000,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">05/13/2013</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">YES</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">4.000000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Prepayment</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="MARGIN: 3pt 0in 12pt 0.25in; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<a name="_bclFooter283"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">283</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_284></A>
<a name="_bclPageBorder284"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader284"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">16.2 Information on transactions with related
parties:</FONT></B></DIV>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; 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; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Related party</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Date of transaction</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Amount involved (R$)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Balance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Amount (R$)</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Final maturity</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Loan or other type of debt</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Interest rate</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 dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="60%" colSpan=5>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Cinnabar</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">07/30/2002</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">30,000,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">06/28/2008</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">YES</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">8.710000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Prepayment</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="84%" colSpan=7>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">CSN Export</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">07/16/2003</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">142,000,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">37,500,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">08/04/2010</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">YES</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">7.121700</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Prepayment</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="72%" colSpan=6>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">CSN Export</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">06/10/2004</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">161,950,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">129,638,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">05/03/2012</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">YES</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">6.660140</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Prepayment</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="84%" colSpan=7>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="MARGIN: 3pt 0in 12pt 0.25in; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<a name="_bclFooter284"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">284</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_285></A>&nbsp;
<a name="_bclPageBorder285"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader285"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">16.2 Information on transactions with related
parties:</FONT></B></DIV>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; 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; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Related party</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Date of transaction</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Amount involved (R$)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Balance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Amount (R$)</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Final maturity</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Loan or other type of debt</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Interest rate</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">CSN Export</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">06/09/2005</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">250,000,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">360,286,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">05/06/2015</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">YES</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">6.014340</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Prepayment</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="84%" colSpan=7>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">CSN Madeira</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">09/24/2007</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">194,500,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">09/26/2016</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">YES</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">7.250000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Prepayment</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="72%" colSpan=6>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Iron</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">01/11/2008</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">20,000,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">01/17/2012</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">YES</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">7.000000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Prepayment</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="84%" colSpan=7>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Iron</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">11/28/2008</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">28,000,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">11/28/2012</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">YES</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">5.666300</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Prepayment</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="MARGIN: 3pt 0in 12pt 0.25in; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<a name="_bclFooter285"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">285</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_286></A>
<a name="_bclPageBorder286"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader286"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">16.2 Information on transactions with related
parties:</FONT></B></DIV>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; 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; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Related party</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Date of transaction</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Amount involved (R$)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Balance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Amount (R$)</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Final maturity</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Loan or other type of debt</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Interest rate</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 dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="60%" colSpan=5>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Cinnabar</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">10/11/2007</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">931,857,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">12/01/2009</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">YES</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">1.500000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Fixed Rate Notes</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="84%" colSpan=7>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">CSN Islands VII</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">03/12/2004</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">23,414,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">09/10/2008</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">YES</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">7.300000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Fixed Rate Notes</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="72%" colSpan=6>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">CSN Islands VII</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">03/12/2004</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">8,307,750.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">09/10/2008</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">YES</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">7.750000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Fixed Rate Notes</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="84%" colSpan=7>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="MARGIN: 3pt 0in 12pt 0.25in; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<a name="_bclFooter286"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">286</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_287></A>
<a name="_bclPageBorder287"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader287"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">16.2 Information on transactions with related
parties:</FONT></B></DIV>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; 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; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Related party</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Date of transaction</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Amount involved (R$)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Balance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Amount (R$)</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Final maturity</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Loan or other type of debt</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Interest rate</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">CSN Islands VIII</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">152,209,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">152,209,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">YES</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0.000000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Fixed Rate Notes</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="84%" colSpan=7>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">CSN Islands VIII</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">06/15/2004</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">21,780,000,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">410,749,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">12/12/2013</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">YES</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">5.650000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Fixed Rate Notes</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="72%" colSpan=6>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">CSN Islands VIII</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">06/30/2004</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">37,310,000,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">703,630,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">12/12/2013</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">YES</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">5.650000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Fixed Rate Notes</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="84%" colSpan=7>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">CSN Ib&#233;ria</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">10/11/2009</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">36,000,000,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">678,971,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">07/13/2010</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">YES</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">5.750000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Fixed Rate Notes</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="MARGIN: 3pt 0in 12pt 0.25in; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<a name="_bclFooter287"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">287</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_288></A>
<a name="_bclPageBorder288"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader288"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">16.2 Information on transactions with related
parties:</FONT></B></P></DIV>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; 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; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Related party</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Date of transaction</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Amount involved (R$)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Balance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Amount (R$)</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Final maturity</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Loan or other type of debt</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Interest rate</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 dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="60%" colSpan=5>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Iron</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">06/01/2004</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">600,000,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">12/01/2009</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">YES</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">9.125000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Intercompany Bonds</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="84%" colSpan=7>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">CSN Cements</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">12/01/2009</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">600,000,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">1,052,399,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">06/01/2047</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">YES</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">9.125000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Intercompany Bonds</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="72%" colSpan=6>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">CSN Cement</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">04/01/2009</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">41,114,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">73,764,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">04/01/2013</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">YES</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">3.996100</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Intercompany loan</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="84%" colSpan=7>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="MARGIN: 3pt 0in 12pt 0.25in; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<a name="_bclFooter288"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">288</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_289></A>
<a name="_bclPageBorder289"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader289"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">16.2 Information on transactions with related
parties:</FONT></B></P></DIV>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; 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; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Related party</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Date of transaction</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Amount involved (R$)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Balance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Amount (R$)</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Final maturity</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Loan or other type of debt</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Interest rate</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Cinnabar</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">06/15/1999</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">94,680,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Indefinite</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">YES</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0.000000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Intercompany loan</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="84%" colSpan=7>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Interest: IGPM + 6.0% p.a.</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">CSN Madeira</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">10/31/2001</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">17,752,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">17,752,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">09/15/2011</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">YES</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0.000000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Intercompany loan</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="72%" colSpan=6>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Interest: 6-month Libor + 2.25%
      p.a.</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nacional Min&#233;rios</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">08/21/2008</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">7,638,658,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">7,638,658,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">06/30/2042</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">NO</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0.000000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Advances from customers</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="84%" colSpan=7>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Cinnabar</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">11/01/2004</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">51,048,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Indefinite</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">YES</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0.000000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Loan agreement</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="MARGIN: 3pt 0in 12pt 0.25in; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<a name="_bclFooter289"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">289</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_290></A>
<a name="_bclPageBorder290"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader290"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">16.2 Information on transactions with related
parties:</FONT></B></P></DIV>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; 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; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Related party</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Date of transaction</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Amount involved (R$)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Balance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Amount (R$)</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Final maturity</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Loan or other type of debt</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Interest rate</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 dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="60%" colSpan=5>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">CSN Ib&#233;ria</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">11/01/2004</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">269,249,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">269,249,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">11/30/2007</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">YES</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">10.000000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Loan agreement</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="84%" colSpan=7>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">CSN Export</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">12/16/2003</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">10,450,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">10,450,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">11/30/2007</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">YES</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">7.5000000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Loan agreement</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="72%" colSpan=6>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nacional Min&#233;rios</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">08/21/2008</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">9,681,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">9,681,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">06/30/2042</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">YES</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">12.500000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Loan agreement</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="84%" colSpan=7>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="MARGIN: 3pt 0in 12pt 0.25in; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<a name="_bclFooter290"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">290</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_291></A>
<a name="_bclPageBorder291"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader291"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">16.2 Information on transactions with related
parties:</FONT></B></P></DIV>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; 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; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Related party</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Date of transaction</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Amount involved (R$)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Balance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Amount (R$)</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Final maturity</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Loan or other type of debt</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Interest rate</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">CSN Madeira</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">12/31/2002</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">14,000,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">307,015,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Indefinite</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">YES</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0.000000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Loan agreement</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="84%" colSpan=7>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Interest: 6-month Libor + 3%
    p.a.</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Cinnabar</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">232,584,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">NO</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0.000000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Current account</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="72%" colSpan=6>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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 dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">CSN Energia</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">23,885,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">NO</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0.000000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Current account</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="84%" colSpan=7>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">CSN Islands VIII</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">06/30/2004</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">1,600,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">1,600,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Indefinite</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">NO</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0.000000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Current account</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="MARGIN: 3pt 0in 12pt 0.25in; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<a name="_bclFooter291"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">291</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_292></A>
<a name="_bclPageBorder292"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader292"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">16.2 Information on transactions with related
parties:</FONT></B></P></DIV>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; 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; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Related party</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Date of transaction</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Amount involved (R$)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Balance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Amount (R$)</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Final maturity</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Loan or other type of debt</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Interest rate</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 dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="60%" colSpan=5>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Inal</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">22,033,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">NO</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0.000000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Current account</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="84%" colSpan=7>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">CSN Aceros</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">17,504,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">17,504,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">NO</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0.0000000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Current account</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="72%" colSpan=6>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">MRS Log&#237;stica</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">2,142,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">NO</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0.000000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Affiliated company</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Current account</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="84%" colSpan=7>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="MARGIN: 3pt 0in 12pt 0.25in; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<a name="_bclFooter292"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">292</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_293></A>
<a name="_bclPageBorder293"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader293"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">16.2 Information on transactions with related
parties:</FONT></B></P></DIV>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; 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; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Related party</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Date of transaction</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Amount involved (R$)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Balance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Amount (R$)</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Final maturity</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Loan or other type of debt</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Interest rate</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nacional Min&#233;rios</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">4,417,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">NO</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0.000000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Current account</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="84%" colSpan=7>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">CBS Previd&#234;ncia</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">69,944,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">69,944,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Indefinite</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">NO</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0.000000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Pension fund</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="72%" colSpan=6>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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 dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Inal</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">809,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">NO</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0.000000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Accounts payable</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="84%" colSpan=7>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Galvasud</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">316,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">316,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Indefinite</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">NO</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0.000000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Accounts payable</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="MARGIN: 3pt 0in 12pt 0.25in; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<a name="_bclFooter293"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">293</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_294></A>
<a name="_bclPageBorder294"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader294"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">16.2 Information on transactions with related
parties:</FONT></B></P></DIV>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; 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; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Related party</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Date of transaction</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Amount involved (R$)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Balance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Amount (R$)</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Final maturity</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Loan or other type of debt</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Interest rate</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 dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="60%" colSpan=5>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nacional Min&#233;rios</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">3,272,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">NO</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0.000000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Accounts payable</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="84%" colSpan=7>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">CSN LLC</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">460,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">NO</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0.0000000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Accounts payable</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="72%" colSpan=6>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">ERSA</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">5,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">5,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">NO</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0.000000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Affiliated company</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Accounts payable</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="84%" colSpan=7>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="MARGIN: 3pt 0in 12pt 0.25in; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<a name="_bclFooter294"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">294</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_295></A>
<a name="_bclPageBorder295"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader295"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">16.2 Information on transactions with related
parties:</FONT></B></P></DIV>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; 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; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Related party</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Date of transaction</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Amount involved (R$)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Balance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Amount (R$)</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Final maturity</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Loan or other type of debt</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Interest rate</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Metalic</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">60,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">60,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">NO</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0.000000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Accounts payable</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="84%" colSpan=7>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Prada</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">1,326,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">1,326,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">NO</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0.000000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Accounts payable</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="72%" colSpan=6>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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 dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Inal Nordeste</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">22,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">22,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">NO</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0.000000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Accounts payable</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="84%" colSpan=7>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Funda&#231;&#227;o CSN</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">90,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">90,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">NO</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0.000000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Accounts payable</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="MARGIN: 3pt 0in 12pt 0.25in; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<a name="_bclFooter295"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">295</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_296></A>&nbsp;
<a name="_bclPageBorder296"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader296"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">16.2 Information on transactions with related
parties:</FONT></B></P></DIV>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; 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; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Related party</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Date of transaction</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Amount involved (R$)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Balance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Amount (R$)</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Final maturity</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Loan or other type of debt</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" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Interest rate</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 dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="60%" colSpan=5>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">MRS Log&#237;stica</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">75,565,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">75,565,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">NO</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0.000000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Affiliated company</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Accounts payable</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="84%" colSpan=7>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">It&#225; Energetica</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">13,212,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">13,212,000.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">NO</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">0.0000000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" 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="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Relation with the Company</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Subsidiary</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Object of the agreement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Services</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Guarantees and insurance</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">N/A</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Termination conditions</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Default</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif">Nature and reason</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="72%" colSpan=6>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter296"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">296</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_297></A>
<a name="_bclPageBorder297"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader297"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>16.3 In relation to each of the transactions or
set of transactions made in the last fiscal year mentioned in item
16.2</B></FONT></I></FONT><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>: </B></FONT></I></FONT></P></DIV>
<DIV align=center>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 11.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0in; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 11.75pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 0in 6pt 3.4pt"><I><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 117%" face="Times New Roman,serif">a)
      identify the measures taken to deal with conflicts of
      interests</FONT></I></P></TD></TR>
  <TR style="HEIGHT: 12.1pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.1pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 4.55pt 6pt 3.4pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 117%" face="Times New Roman,serif">The operations executed between the Company
      and related parties are supported by: (i) the applicable legislation, in
      particular article 245 of Brazilian Corporation Law; (ii) the Corporate
      Governance Guidelines available on the company&#146;s website; and (iii) the
      Company&#146;s Code of Ethics, which establishes the means of dealing with
      conflicts of interests and the policies for entering into agreements with
      subsidiaries and affiliated companies.&nbsp; </FONT></P>
      <P style="MARGIN: 0in 4.55pt 6pt 3.4pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 117%" face="Times New Roman,serif">Pursuant to the Company&#146;s Bylaws, it is the
      responsibility of the Board of Directors to define the Executive Board&#146;s
      competence to approve the execution by the Company of any legal
      transactions, including loans and financing, including with its direct and
      indirect subsidiaries.</FONT></P></TD></TR>
  <TR style="HEIGHT: 11.75pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 0in; PADDING-LEFT: 0in; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 11.75pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 4.55pt 6pt 3.4pt; TEXT-ALIGN: justify"><I><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 117%" face="Times New Roman,serif">b)
      demonstrate the strictly commutative character of the conditions agreed
      upon or the payment of appropriate compensation </FONT></I></P></TD></TR>
  <TR style="HEIGHT: 12.1pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.1pt" vAlign=top width="100%">
      <P style="MARGIN: 6pt 4.55pt 6pt 3.4pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 117%" face="Times New Roman,serif">The Company always acts in accordance with
      the highest ethical standards, considering the legislation, national and
      international regulations, antitrust laws, legislation that governs
      domestic and foreign trade, internal and external regulations, and the
      social context.</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 3pt 0in 12pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter297"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">297</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_298></A>
<a name="_bclPageBorder298"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader298"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>17.1 - General information on the Company&#146;s
capital stock</B></FONT></I></FONT></P></DIV>
<DIV align=left>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 19.85pt">
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 19.85pt" vAlign=bottom width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Date of authorization
      or approval</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 19.85pt" vAlign=bottom width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Capital value
      (Reais)</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 19.85pt" vAlign=bottom width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Paying-in
      term</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 19.85pt" vAlign=bottom width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Number of common
      shares (units)</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 19.85pt" vAlign=bottom width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Number of preferred
      shares (units)</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 19.85pt" vAlign=bottom width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Total number of shares
      (units)</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 19.85pt">
    <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: 19.85pt" vAlign=bottom width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Type of
      capital</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: 19.85pt" vAlign=bottom width="83%" colSpan=5>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Issued
      Capital</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 19.85pt">
    <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: 19.85pt" vAlign=bottom width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">03/25/2010</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; HEIGHT: 19.85pt" vAlign=bottom width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">1,680,947,363.71</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: 19.85pt" vAlign=bottom width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" 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; HEIGHT: 19.85pt" vAlign=bottom width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">1,510,359,220</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: 19.85pt" vAlign=bottom width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">0</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: 19.85pt" vAlign=bottom width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">1,510,359,220</FONT></P></TD></TR>
  <TR style="HEIGHT: 5.65pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 5.65pt" vAlign=bottom width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt; LINE-HEIGHT: 5.65pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 5.65pt" vAlign=bottom width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt; LINE-HEIGHT: 5.65pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 5.65pt" vAlign=bottom width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt; LINE-HEIGHT: 5.65pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 5.65pt" vAlign=bottom width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt; LINE-HEIGHT: 5.65pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 5.65pt" vAlign=bottom width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt; LINE-HEIGHT: 5.65pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 5.65pt" vAlign=bottom width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt; LINE-HEIGHT: 5.65pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 19.85pt">
    <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: 19.85pt" vAlign=bottom width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Type of
      capital</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: 19.85pt" vAlign=bottom width="83%" colSpan=5>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Subscribed
      Capital</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 19.85pt">
    <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: 19.85pt" vAlign=bottom width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">03/25/2010</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; HEIGHT: 19.85pt" vAlign=bottom width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">1,680,947,363.71</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: 19.85pt" vAlign=bottom width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" 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; HEIGHT: 19.85pt" vAlign=bottom width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">1,510,359,220</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: 19.85pt" vAlign=bottom width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">0</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: 19.85pt" vAlign=bottom width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">1,510,359,220</FONT></P></TD></TR>
  <TR style="HEIGHT: 5.65pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 5.65pt" vAlign=bottom width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt; LINE-HEIGHT: 5.65pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 5.65pt" vAlign=bottom width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt; LINE-HEIGHT: 5.65pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 5.65pt" vAlign=bottom width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt; LINE-HEIGHT: 5.65pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 5.65pt" vAlign=bottom width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt; LINE-HEIGHT: 5.65pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 5.65pt" vAlign=bottom width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt; LINE-HEIGHT: 5.65pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 5.65pt" vAlign=bottom width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt; LINE-HEIGHT: 5.65pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 19.85pt">
    <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: 19.85pt" vAlign=bottom width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Type of
      capital</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: 19.85pt" vAlign=bottom width="83%" colSpan=5>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Paid-in
      Capital</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 19.85pt">
    <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: 19.85pt" vAlign=bottom width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">03/25/2010</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; HEIGHT: 19.85pt" vAlign=bottom width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">1,680,947,363.71</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: 19.85pt" vAlign=bottom width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" 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; HEIGHT: 19.85pt" vAlign=bottom width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">1,510,359,220</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: 19.85pt" vAlign=bottom width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">0</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: 19.85pt" vAlign=bottom width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">1,510,359,220</FONT></P></TD></TR>
  <TR style="HEIGHT: 5.65pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 5.65pt" vAlign=bottom width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt; LINE-HEIGHT: 5.65pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 5.65pt" vAlign=bottom width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt; LINE-HEIGHT: 5.65pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 5.65pt" vAlign=bottom width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt; LINE-HEIGHT: 5.65pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 5.65pt" vAlign=bottom width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt; LINE-HEIGHT: 5.65pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 5.65pt" vAlign=bottom width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt; LINE-HEIGHT: 5.65pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 5.65pt" vAlign=bottom width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt; LINE-HEIGHT: 5.65pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 19.85pt">
    <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: 19.85pt" vAlign=bottom width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Type of
      capital</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: 19.85pt" vAlign=bottom width="83%" colSpan=5>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Authorized
      Capital</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 19.85pt">
    <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: 19.85pt" vAlign=bottom width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">03/25/2010</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; HEIGHT: 19.85pt" vAlign=bottom width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">0.00</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: 19.85pt" vAlign=bottom width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" 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; HEIGHT: 19.85pt" vAlign=bottom width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">2,400,000,000</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: 19.85pt" vAlign=bottom width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">0</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: 19.85pt" vAlign=bottom width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">2,400,000,000</FONT></P></TD></TR>
  <TR style="HEIGHT: 5.65pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 5.65pt" vAlign=bottom width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt; LINE-HEIGHT: 5.65pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 5.65pt" vAlign=bottom width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt; LINE-HEIGHT: 5.65pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 5.65pt" vAlign=bottom width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt; LINE-HEIGHT: 5.65pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 5.65pt" vAlign=bottom width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt; LINE-HEIGHT: 5.65pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 5.65pt" vAlign=bottom width="16%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt; LINE-HEIGHT: 5.65pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 5.65pt" vAlign=bottom width="17%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt; LINE-HEIGHT: 5.65pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter298"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">298</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_299></A>
<a name="_bclPageBorder299"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader299"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-VARIANT: small-caps"><I><FONT lang=PT-BR style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>17.2 - Increases in Capital
Stock</B></FONT></I></FONT></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"></FONT></B>&nbsp;</P>
<P style="MARGIN: 3pt 0in 12pt; TEXT-ALIGN: justify"><B><I><U><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Justification for not
filling out the table</FONT></U></I></B><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">:</FONT></I></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">The
Company has not increased its capital stock in the last three years.</FONT></P>
<P style="MARGIN: 3pt 0in 12pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter299"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">299</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_300></A>
<a name="_bclPageBorder300"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader300"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>17.3 - Information on stock splits, reverse
splits and bonus issues</B></FONT></I></FONT></P></DIV>
<DIV align=left>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 2.85pt">
    <TD style="BORDER-RIGHT: #bfbfbf 2.25pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #bfbfbf 2.25pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; BORDER-LEFT: #bfbfbf 2.25pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 2.85pt" vAlign=top width="100%" colSpan=7>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 2.85pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 19.85pt">
    <TD style="BORDER-RIGHT: #bfbfbf 2.25pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; BORDER-LEFT: #bfbfbf 2.25pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 19.85pt" vAlign=bottom width="15%" rowSpan=2>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Date </FONT></B></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">of
      approval</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: #bfbfbf 2.25pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 19.85pt" width="43%" colSpan=3>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Number of shares
      before approval (units)</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: #bfbfbf 2.25pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 19.85pt" width="42%" colSpan=3>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Number of shares after
      approval (units)</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 19.85pt">
    <TD style="BORDER-RIGHT: #bfbfbf 2.25pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 19.85pt" vAlign=bottom width="15%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Number of common
      shares</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: #bfbfbf 2.25pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 19.85pt" vAlign=bottom width="14%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Number of preferred
      shares</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: #bfbfbf 2.25pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 19.85pt" vAlign=bottom width="14%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Total number of
      shares</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: #bfbfbf 2.25pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 19.85pt" vAlign=bottom width="14%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Number of common
      shares</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: #bfbfbf 2.25pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 19.85pt" vAlign=bottom width="14%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Number of preferred
      shares</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: #bfbfbf 2.25pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 19.85pt" vAlign=bottom width="14%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Total number of
      shares</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 19.85pt">
    <TD style="BORDER-RIGHT: #bfbfbf 2.25pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #bfbfbf 2.25pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 19.85pt" width="100%" colSpan=7>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Split
    </FONT></B></P></TD></TR>
  <TR style="HEIGHT: 19.85pt">
    <TD style="BORDER-RIGHT: #bfbfbf 2.25pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #bfbfbf 2.25pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 19.85pt" width="15%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">01/22/2008</FONT></P></TD>
    <TD style="BORDER-RIGHT: #bfbfbf 2.25pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 19.85pt" width="15%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">268,067,946</FONT></P></TD>
    <TD style="BORDER-RIGHT: #bfbfbf 2.25pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 19.85pt" width="14%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="BORDER-RIGHT: #bfbfbf 2.25pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 19.85pt" width="14%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">268,067,946</FONT></P></TD>
    <TD style="BORDER-RIGHT: #bfbfbf 2.25pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 19.85pt" width="14%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">804,203,838</FONT></P></TD>
    <TD style="BORDER-RIGHT: #bfbfbf 2.25pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 19.85pt" width="14%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="BORDER-RIGHT: #bfbfbf 2.25pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 19.85pt" width="14%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">804,203,838</FONT></P></TD></TR>
  <TR style="HEIGHT: 2.85pt">
    <TD style="BORDER-RIGHT: #bfbfbf 2.25pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; BORDER-LEFT: #bfbfbf 2.25pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 2.85pt" vAlign=top width="15%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 2.85pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: #bfbfbf 2.25pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 2.85pt" vAlign=top width="15%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 2.85pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: #bfbfbf 2.25pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 2.85pt" vAlign=top width="14%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 2.85pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: #bfbfbf 2.25pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 2.85pt" vAlign=top width="14%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 2.85pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: #bfbfbf 2.25pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 2.85pt" vAlign=top width="14%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 2.85pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: #bfbfbf 2.25pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 2.85pt" vAlign=top width="14%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 2.85pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: #bfbfbf 2.25pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 2.85pt" vAlign=top width="14%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 2.85pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR style="HEIGHT: 19.85pt">
    <TD style="BORDER-RIGHT: #bfbfbf 2.25pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #bfbfbf 2.25pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 19.85pt" width="100%" colSpan=7>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Split
    </FONT></B></P></TD></TR>
  <TR style="HEIGHT: 19.85pt">
    <TD style="BORDER-RIGHT: #bfbfbf 2.25pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #bfbfbf 2.25pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 19.85pt" width="15%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">03/25/2010</FONT></P></TD>
    <TD style="BORDER-RIGHT: #bfbfbf 2.25pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 19.85pt" width="15%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">755,179,610</FONT></P></TD>
    <TD style="BORDER-RIGHT: #bfbfbf 2.25pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 19.85pt" width="14%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="BORDER-RIGHT: #bfbfbf 2.25pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 19.85pt" width="14%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">755,179,610</FONT></P></TD>
    <TD style="BORDER-RIGHT: #bfbfbf 2.25pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 19.85pt" width="14%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">1,510,359,220</FONT></P></TD>
    <TD style="BORDER-RIGHT: #bfbfbf 2.25pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 19.85pt" width="14%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">0</FONT></P></TD>
    <TD style="BORDER-RIGHT: #bfbfbf 2.25pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 19.85pt" width="14%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">1,510,359,220</FONT></P></TD></TR>
  <TR style="HEIGHT: 2.85pt">
    <TD style="BORDER-RIGHT: #bfbfbf 2.25pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; BORDER-LEFT: #bfbfbf 2.25pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 2.85pt" vAlign=top width="15%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 2.85pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: #bfbfbf 2.25pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 2.85pt" vAlign=top width="15%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 2.85pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: #bfbfbf 2.25pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 2.85pt" vAlign=top width="14%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 2.85pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: #bfbfbf 2.25pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 2.85pt" vAlign=top width="14%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 2.85pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: #bfbfbf 2.25pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 2.85pt" vAlign=top width="14%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 2.85pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: #bfbfbf 2.25pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 2.85pt" vAlign=top width="14%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 2.85pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="BORDER-RIGHT: #bfbfbf 2.25pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #bfbfbf 2.25pt solid; HEIGHT: 2.85pt" vAlign=top width="14%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt; LINE-HEIGHT: 2.85pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="MARGIN: 6pt 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: 6pt 0in; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter300"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">300</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_301></A>
<a name="_bclPageBorder301"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader301"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>17.4 - Information on reductions in capital
stock</B></FONT></I></FONT></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"></FONT></B>&nbsp;</P>
<P style="MARGIN: 3pt 0in 12pt; TEXT-ALIGN: justify"><B><I><U><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Justification for not
filling out the table</FONT></U></I></B><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">:</FONT></I></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">The
Company has not decreased its capital stock in the last three years.</FONT></P>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter301"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">301</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_302></A>
<a name="_bclPageBorder302"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader302"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>17.5 - Other material
information:</B></FONT></I></FONT></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"></FONT></B>&nbsp;</P>
<P style="MARGIN: 3pt 0in 12pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">None.</FONT></P>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter302"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">302</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_303></A>
<a name="_bclPageBorder303"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader303"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>18.1 - Stock
rights</B></FONT></I></FONT></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"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR style="HEIGHT: 14.2pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=top width="38%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: left" align=left><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Type of share or
      share certificate</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=top width="62%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: left" align=left><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Common</FONT></B></P></TD></TR>
  <TR style="HEIGHT: 14.2pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=top width="38%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: left" align=left><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Tag
      along</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=top width="62%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">80.000000</FONT></P></TD></TR>
  <TR style="HEIGHT: 14.2pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=top width="38%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: left" align=left><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Right to
      dividends</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=top width="62%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Pursuant to Brazilian Corporation Law and the
      Company&#146;s Bylaws, the owners of stock issued by the Company have the right
      to receive dividends or other payments related to said shares,
      proportional to their interest. Pursuant to article 33 of the Company's
      Bylaws, 25% of annual net income after those deductions determined by the
      Bylaws and the adjustments pursuant to article 202 of Brazilian
      Corporation Law, shall be allocated to payment of the minimum mandatory
      dividend to all the Company's shareholders. </FONT></P></TD></TR>
  <TR style="HEIGHT: 14.2pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=top width="38%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: left" align=left><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Right to
      vote</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=top width="62%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Full</FONT></P></TD></TR>
  <TR style="HEIGHT: 14.2pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=top width="38%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: left" align=left><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Convertible</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=top width="62%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">No</FONT></P></TD></TR>
  <TR style="HEIGHT: 14.2pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=top width="38%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: left" align=left><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Right to capital
      reimbursement</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=top width="62%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Yes</FONT></P></TD></TR>
  <TR style="HEIGHT: 14.2pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=top width="38%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: left" align=left><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description of the
      characteristics of capital reimbursement</FONT></B></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: left" align=left><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=top width="62%">
      <P style="MARGIN: 6pt 14.45pt 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">If the Company is
      wound up, its shareholders will be reimbursed proportional to their
      interest after the payment of all the Company's obligations.</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Shareholders opposed
      to certain resolutions made by the Company in shareholders&#146; meetings may
      withdraw from the Company, under the terms and conditions determined by
      Brazilian Corporation Law. </FONT></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">In accordance with article 8 of the Company&#146;s
      Bylaws, the value of the reimbursement for the shares of such dissenting
      shareholders will be arrived at by dividing the Company&#146;s economic value,
      appraised under the terms of the law, by the total number of shares issued
      by the Company, excluding treasury shares. </FONT></P></TD></TR>
  <TR style="HEIGHT: 14.2pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=top width="38%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: left" align=left><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Restrictions on
      outstanding shares</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=top width="62%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">None</FONT></P></TD></TR>
  <TR style="HEIGHT: 14.2pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=top width="38%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: left" align=left><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Conditions for the
      altering the rights of the Company&#146;s securities</FONT></B></P>
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: left" align=left><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=top width="62%">
      <P style="MARGIN: 0in 0.2in 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Pursuant to Brazilian
      Corporation Law, neither the Company&#146;s Bylaws nor shareholders&#146; meeting
      resolutions can strip shareholders of their right to: (i) share in the
      Company&#146;s profits; (ii) share, in the event the Company is wound up, in
      the distribution of any remaining assets, proportional to their interest;
      (iii) oversee the Company's management, in accordance with Brazilian
      Corporation Law; (iv) preference in the subscription to future capital
      increases, except under certain circumstances determined by Brazilian
      Corporation Law; and (v) withdraw from the Company in those circumstances
      established by Brazilian Corporation Law.</FONT></P></TD></TR>
  <TR style="HEIGHT: 14.2pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=top width="38%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: left" align=left><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Other relevant
      characteristics</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=top width="62%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">None.</FONT></P></TD></TR>
  <TR style="HEIGHT: 8.5pt">
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 8.5pt" vAlign=top width="38%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: left" align=left><B><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 8.5pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt solid; HEIGHT: 8.5pt" vAlign=top width="62%">
      <P style="MARGIN: 6pt 0in; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LINE-HEIGHT: 8.5pt" face="Times New Roman,serif"></FONT>&nbsp;</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: 3pt 0in 12pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter303"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">303</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_304></A>
<a name="_bclPageBorder304"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader304"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>18.2 Statutory rules that limit the voting
rights of key shareholders or that oblige them to hold a public offer for the
acquisition of shares</B></FONT></I></FONT><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>: </B></FONT></I></FONT></P></DIV>
<P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">The
Company&#146;s Bylaws do not envisage any limitations on shareholders&#146; voting
rights.</FONT></P>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter304"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">304</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_305></A>&nbsp;
<a name="_bclPageBorder305"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader305"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>18.3</B></FONT></I></FONT><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>&nbsp; </B></FONT></I></FONT><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>Exceptions and restrictive clauses relative to
equity or political rights set forth in the bylaws</B></FONT></I></FONT><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>: </B></FONT></I></FONT></P></DIV>
<P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">There
are no exceptions and/or restrictive clauses concerning equity or political
rights in the Company&#146;s Bylaws. </FONT></P>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter305"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">305</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_306></A>
<a name="_bclPageBorder306"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader306"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>18.4 Trading volume and the highest and lowest
share prices traded </B></FONT></I></FONT></P></DIV>
<DIV align=left>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Year</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">12/31/2009</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="19%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Quarter</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Security</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Type</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Class</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Market</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="19%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Entity</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Trading volume
      (R$)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Highest share price
      (R$)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Lowest share price
      (R$)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Price
      factor</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">03/31/2009</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Shares </FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Common</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Stock exchange</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="19%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">BM&amp;FBOVESPA S.A. &#150; Securities,
      Commodities and Futures Exchange</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">6,304,000,000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">41.60</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">29.90</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">R$ per unit</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">06/30/2009</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Shares</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Common</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Stock exchange</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="19%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">BM&amp;FBOVESPA S.A. &#150; Securities,
      Commodities and Futures Exchange</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">6,586,000,000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">51.48</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">33.50</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">R$ per unit</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">09/30/2009</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Shares</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Common</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Stock exchange</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="19%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">BM&amp;FBOVESPA S.A. &#150; Securities,
      Commodities and Futures Exchange</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">7,089,000,000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">55.80</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">39.10</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">R$ per unit</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">12/31/2009</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Shares</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Common</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Stock exchange</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="19%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">BM&amp;FBOVESPA S.A. &#150; Securities,
      Commodities and Futures Exchange</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">7,293,000,000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">65.70</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">52.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">R$ per unit</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" 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="19%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Year</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">12/31/2009</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="19%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Quarter</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Security</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Type</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Class</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Market</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="19%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Entity</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Trading volume
      (R$)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Highest share price
      (R$)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Lowest share price
      (R$)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Price
      factor</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">03/31/2008</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Shares</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Common</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Stock exchange</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="19%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">BM&amp;FBOVESPA S.A. &#150; Securities,
      Commodities and Futures Exchange</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">9,104,000,000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">159.90</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">44.51</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">R$ per unit</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">06/30/2008</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Shares</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Common</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Stock exchange</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="19%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">BM&amp;FBOVESPA S.A. &#150; Securities,
      Commodities and Futures Exchange</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">10,612,000,000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">86.30</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">62.30</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">R$ per unit</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">09/30/2008</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Shares</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Common</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Stock exchange</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="19%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">BM&amp;FBOVESPA S.A. &#150; Securities,
      Commodities and Futures Exchange</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">11,007,000,000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">70.05</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">36.15</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">R$ per unit</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">12/31/2008</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Shares</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Common</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Stock exchange</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="19%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">BM&amp;FBOVESPA S.A. &#150; Securities,
      Commodities and Futures Exchange</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">5,893,000,000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">40.40</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">19.76</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">R$ per unit</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" 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="19%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Year</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">12/31/2009</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="19%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Quarter</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Security</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Type</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Class</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Market</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="19%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Entity</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Trading volume
      (R$)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Highest share price
      (R$)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Lowest share price
      (R$)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Price
      factor</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">03/31/2007</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Shares</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Common</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Stock exchange</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="19%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">BM&amp;FBOVESPA S.A. &#150; Securities,
      Commodities and Futures Exchange</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">4,435,000,000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">89.37</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">59.27</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">R$ per unit</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">06/30/2007</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Shares</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Common</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Stock exchange</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="19%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">BM&amp;FBOVESPA S.A. &#150; Securities,
      Commodities and Futures Exchange</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">4,338,000,000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">105.80</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">85.90</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">R$ per unit</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">09/30/2007</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Shares</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Common</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Stock exchange</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="19%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">BM&amp;FBOVESPA S.A. &#150; Securities,
      Commodities and Futures Exchange</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">6,216,000,000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">131.49</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">88.43</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">R$ per unit</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">12/31/2007</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Shares</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Common</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Stock exchange</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="19%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">BM&amp;FBOVESPA S.A. &#150; Securities,
      Commodities and Futures Exchange</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">7,629,000,000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">160.00</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">122.50</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">R$ per
unit</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 6pt 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: 6pt 0in; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter306"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">306</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_307></A>
<a name="_bclPageBorder307"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader307"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>18.5 Other securities issued by the
Company</B></FONT></I></FONT></P></DIV>
<DIV align=left>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Security</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Debentures</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Identification</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">4<SUP>th</SUP> Debenture
  Issue</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Date of
      issue</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">02/01/2006</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Maturity
      date</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">02/01/2012</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Amount
      (units)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">60,000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Total value
      (R$)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">600,000,000.00</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Restrictions on
      trading </FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">No </FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Convertibility</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">No </FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Possibility of
      redemption</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Yes </FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Redemption conditions
      and calculation of redemption value</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Redemption permitted at any time</FONT></P>
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Calculation of redemption value: the issuer
      may acquire the outstanding debentures at any time at a price not superior
      to their face value, plus a </FONT><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">pro rata</FONT></I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">
      remuneration.</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Characteristics</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">(i) maturity, including the conditions for
      early maturity:</FONT><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"> </FONT></B></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">The conditions for early maturity of the
      debentures are the normal ones in such operations, including: </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">-
      if the Company files for bankruptcy or is declared bankrupt, if the
      Company or any of its relevant subsidiaries (as defined in the debenture
      indenture) files for court-supervised or out-of-court reorganization, or
      if the Company is wound up. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">-
      nonpayment by the Company of the amounts due pursuant to the terms of the
      debenture indenture within 30 days as of the respective maturity dates,
      except for the face value which has no default deadline.</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">-
      non-compliance by the Company with non-monetary obligations provided for
      in the debenture indenture within 30 days as of the date of receipt of a
      written notice from the trustee. </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">-
      the expropriation, seizure or any other measure of a Brazilian government
      entity that results in the loss, by the Company or any of its
      subsidiaries, of the direct or indirect ownership or possession of more
      than 80% of its assets, or in its inability to conduct its business,
      provided that said expropriation, seizure or any other measure materially
      affects the issuer&#146;s capacity to pay its debenture obligations.
</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">-
      the sequestration, attachment or levy of direct or indirect assets of the
      Company whose unit book value is higher than 80% of the Company&#146;s
      shareholders&#146; equity at the time.</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">(ii) Interest: 103.6% of the CDI (interbank
      rate) p.a.</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">(iii) Guarantee and, if real, indication of
      the asset in question:</FONT><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"> </FONT></B><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">none</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">(iv) In the absence of guarantee, unsecured
      or floating credit: unsecured</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">(v) Limitations imposed by the Company in
      relation to: &nbsp;</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">(a) the distribution of dividends: none
      </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">(b) the disposal of assets: early maturity,
      pursuant to provision 6.1.1 of the debenture indenture, in case of
      disposal of all or a significant part of the Company&#146;s fixed assets,
      except if the entity acquiring these assets is incorporated in Brazil, the
      United States or any other investment-grade country and succeeds the
      Company in regard to the rights and obligations of the debentures.
      </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">(c) contracting of debt: none </FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">(d) issue of new securities: none.</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">(vi) the trustee, indicating the key terms of
      the agreement: Planner Trustee DTVM Ltda., whose rights and obligations
      established in the debenture indenture are provided for by CVM Rule
      28/83.</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 6pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman,serif"></FONT>&nbsp;</P>
<a name="_bclFooter307"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">307</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_308></A>
<a name="_bclPageBorder308"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader308"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">18.5 Other securities issued by the
Company</FONT></B></P></DIV>
<DIV align=left>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Conditions for the
      alteration of the rights granted by these securities</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 1.7pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Through the approval of a minimum of 75% of
      outstanding debentures.</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 dashed" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Other material
      characteristics</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 1.7pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">None.</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Security</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Share Deposit
      Certificates</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Identification</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">ADRs (Level II), traded on the NYSE under the
      ticker &#147;SID&#148;</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Date of
      issue</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">11/14/1997</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Amount
      (units)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">343,599,502</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Total value
      (US$)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">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="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Lock-up agreement
      </FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">No </FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Convertibility</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Yes </FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Convertibility
      conditions and effects on the capital stock</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Convertible into the Company&#146;s common
      shares</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Possibility of
      redemption</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Yes </FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Redemption conditions
      and calculation of redemption value</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Redemption permitted at any time at the
      market value via trading on the NYSE.</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Characteristics</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Each ADR corresponds to one common share.
      Depositary bank: JP Morgan</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Custodian institution: Banco Ita&#250;
      S.A.</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Conditions for the
      alteration of the rights granted by these securities</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 1.7pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Not applicable.</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 dashed" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Other material
      characteristics</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 1.7pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">343.599.502 ADRs corresponded to US$
      6.071.403.200,00 (09/30/2010).</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 dashed" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 1.7pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" 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="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Security</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Commercial
      Papers</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Identification</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Eurobond CSN Island VIII</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Date of
      issue</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">12/15/2003</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Maturity
      date</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">12/16/2013</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Amount
      (units)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">550,000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Total value
      (US$)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">550,000,000.00</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Restrictions on
      trading</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Yes </FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Description of the
      restriction</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">The securities can only be sold to qualified
      institutional investors and investors not resident in the USA, as defined
      in Rule 144A of the 1933 Securities Act, until the term provided for in
      the same rule is completed.</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Convertibility</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">No </FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Possibility of
      redemption</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">No </FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Characteristics</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Early maturity: the papers will be redeemed
      in advance in the event of any default event as described in the
      agreement.</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Interest: 9.75% p.a.</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Guarantor: CSN</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Trustee: Bank of New
  York</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<a name="_bclFooter308"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">308</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_309></A>
<a name="_bclPageBorder309"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader309"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">18.5 Other securities issued by the
Company</FONT></B></P></DIV>
<DIV align=left>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Conditions for the
      alteration of the rights granted by these securities</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 1.7pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">With the consent of the majority of the
      holders of the notes, or without their consent provided the terms are
      acceptable to the trustee..</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 dashed" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Other material
      characteristics</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 1.7pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Restriction on the sale of assets and the
      contracting of debt in amounts above 30% of the Company&#146;s shareholders&#146;
      equity in order to guarantee any foreign debt without simultaneously or
      previously guaranteeing the notes and the other obligations.</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 1.7pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" 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="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Security</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Commercial
      Papers</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Identification</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Eurobond CSN Island IX</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Date of
      issue</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">09/24/2004</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Maturity
      date</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">01/15/2015</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Amount
      (units)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">200,000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Total value
      (US$)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">200,000,000.00</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Restrictions on
      trading </FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Yes </FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Description of the
      restriction</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">The securities can only be sold to qualified
      institutional investors and investors not resident in the USA, as defined
      in Rule 144A of the 1933 Securities Act, until the term provided for in
      the same rule is completed.</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Convertibility</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">No </FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Possibility of
      redemption</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Yes </FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Redemption conditions
      and calculation of redemption value</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Early redemption is permitted at any time,
      with notice of between 30 and 60 days prior to the settlement through
      payment of the total value of the issue, plus provisioned and unpaid
      interest and a contractual penalty.</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Characteristics</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Early maturity: the papers will be redeemed
      in advance in the event of any default event as described in the
      agreement.</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Interest: 10.5% p.a.</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Guarantor: CSN</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Trustee: Bank of New York</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Conditions for the
      alteration of the rights granted by these securities</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 1.7pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">With the consent of the majority of the
      holders of the notes, or without their consent provided the terms are
      acceptable to the trustee.</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 dashed" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Other material
      characteristics</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 1.7pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Restriction on the sale of assets and the
      contracting of debt in amounts above 30% of the Company&#146;s shareholders&#146;
      equity in order to guarantee any foreign debt without simultaneously or
      previously guaranteeing the notes and the other obligations.
  </FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Security</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Commercial
      Paper</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Identification</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Eurobond CSN Island IX</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Date of
      issue</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">01/21/2005</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Maturity
      date</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">01/15/2015</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Amount
      (units)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">200,000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Total value
      (US$)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">200,000,000.00</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Lock-up agreement
      </FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Yes </FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Description of the
      restriction</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">The securities can only be sold to qualified
      institutional investors and investors not resident in the USA, as defined
      in Rule 144A of the 1933 Securities Act, until the term provided for in
      the same rule is completed.</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Convertibility</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">No </FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Possibility of
      redemption</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Yes </FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman,serif"></FONT>&nbsp;</P>
<a name="_bclFooter309"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">309</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_310></A>
<a name="_bclPageBorder310"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader310"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">18.5 Other securities issued by the
Company</FONT></B></P></DIV>
<DIV align=left>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Redemption conditions
      and calculation of redemption value</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Early redemption is permitted at any time,
      with notice of between 30 and 60 days prior to the settlement through
      payment of the total value of the issue, plus provisioned and unpaid
      interest and a contractual penalty.</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Characteristics</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Early maturity: the papers will be redeemed
      in advance in the event of any default event as described in the
      agreement.</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Interest: 10.5% p.a.</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Guarantor: CSN</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Trustee: Bank of New York</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Conditions for the
      alteration of the rights granted by these securities</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 1.7pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">With the consent of the majority of the
      holders of the notes, or without their consent provided the terms are
      acceptable to the trustee.</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 dashed" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Other material
      characteristics</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 1.7pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Restriction on the sale of assets and the
      contracting of debt in amounts above 30% of the Company&#146;s shareholders&#146;
      equity in order to guarantee any foreign debt without simultaneously or
      previously guaranteeing the notes and the other
  obligations.</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Security</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Commercial
      Paper</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Identification</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Eurobond CSN Island X</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Date of
      issue</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">07/14/2005</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Maturity
      date</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">10/14/2010</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Amount
      (units)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">750,000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Total value
      (US$)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">750,000,000.00</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Lock-up agreement
      </FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Yes </FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Description of the
      restriction</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">The securities can only be sold to qualified
      institutional investors and investors not resident in the USA, as defined
      in Rule 144A of the 1933 Securities Act, until the term provided for in
      the same rule is completed.</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Convertibility</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">No </FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Possibility of
      redemption</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Yes </FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Redemption conditions
      and calculation of redemption value</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Early redemption is permitted through payment
      of the total value of the issue as of 07/14/2010 and on the interest
      payment dates, with notice of between 30 and 60 days prior to the
      settlement, in the case of determined changes in taxation, plus
      provisioned and unpaid interest.</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Characteristics</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Early maturity: the papers will be redeemed
      in advance in the event of any default event as described in the
      agreement.</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Interest: 9.5% p.a.</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Guarantor: CSN</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Trustee: Bank of New York</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Conditions for the
      alteration of the rights granted by these securities</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 1.7pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">With the consent of the majority of the
      holders of the notes, or without their consent provided the terms are
      acceptable to the trustee..</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 dashed" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Other material
      characteristics</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 1.7pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Restriction on the sale of assets and the
      contracting of debt in amounts above 30% of the Company&#146;s shareholders&#146;
      equity in order to guarantee any foreign debt without simultaneously or
      previously guaranteeing the notes and the other
  obligations.</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Security</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Commercial
      Paper</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Identification</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Eurobond CSN Island XI</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Date of
      issue</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">09/21/2009</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Maturity
      date</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">09/21/2019</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Amount
      (units)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">750,000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Total value
      (US$)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">750,000,000.00</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Lock-up agreement
      </FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Yes </FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Description of the
      restriction</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">The securities can only be sold to qualified
      institutional investors and investors not resident in the USA, as defined
      in Rule 144A of the 1933 Securities Act, until the term provided for in
      the same rule is completed.</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<a name="_bclFooter310"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-bidi-font-weight: normal"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">310</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_311></A>
<a name="_bclPageBorder311"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader311"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">18.5 Other securities issued by the
Company</FONT></B></P></DIV>
<DIV align=left>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Convertibility</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">No </FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Possibility of
      redemption</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Yes </FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Redemption conditions
      and calculation of redemption value</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Early redemption is permitted at any time, at
      the option of the issuer, in the case of determined changes in taxation,
      with notice of between 30 and 60 days prior to the settlement through
      payment of the total value of the issue, plus provisioned and unpaid
      interest and other amounts due, or at any time, plus provisioned and
      unpaid interest and a contractual penalty.</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Characteristics</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Early maturity: the papers will be redeemed
      in advance in the event of any default event as described in the
      agreement.</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Interest: 6.875% p.a.</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Guarantor: CSN</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Trustee: Bank of New York</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Conditions for the
      alteration of the rights granted by these securities</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 1.7pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">With the consent of the majority of the
      holders of the notes, or without their consent provided the terms are
      acceptable to the trustee..</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 dashed" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Other material
      characteristics</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 1.7pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Restriction on the sale of assets and the
      contracting of debt in amounts above 30% of the Company&#146;s shareholders&#146;
      equity in order to guarantee any foreign debt without simultaneously or
      previously guaranteeing the notes and the other
  obligations.</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Security</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Commercial
      Paper</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Identification</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Eurobond CSN Resources</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Date of
      issue</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">07/21/2010</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Maturity
      date</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">07/21/2020</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Amount
      (units)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">1,000,000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Total value
      (US$)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">1,000,000,000.00</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Lock-up agreement
      </FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Yes </FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Description of the
      restriction</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">The securities can only be sold to qualified
      institutional investors and investors not resident in the USA, as defined
      in Rule 144A of the 1933 Securities Act, until the term provided for in
      the same rule is completed.</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Convertibility</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">No </FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Possibility of
      redemption</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Yes </FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Redemption conditions
      and calculation of redemption value</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Early redemption is permitted at any time, at
      the option of the issuer, in the case of determined changes in taxation,
      with notice of between 30 and 60 days prior to the settlement through
      payment of the total value of the issue, plus provisioned and unpaid
      interest and other amounts due, or at any time, plus provisioned and
      unpaid interest and a contractual penalty.</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Characteristics</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Early maturity: the papers will be redeemed
      in advance in the event of any default event as described in the
      agreement.</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Interest: 6.5% p.a.</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Guarantor: CSN</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Trustee: Bank of New York</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Conditions for the
      alteration of the rights granted by these securities</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 1.7pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">With the consent of the majority of the
      holders of the notes, or without their consent provided the terms are
      acceptable to the trustee..</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 dashed" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Other material
      characteristics</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 1.7pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Restriction on the sale of assets and the
      contracting of debt in amounts above 30% of the Company&#146;s shareholders&#146;
      equity in order to guarantee any foreign debt without simultaneously or
      previously guaranteeing the notes and the other
  obligations.</FONT></P></TD></TR></TABLE></DIV>
<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"><FONT lang=EN-US style="FONT-SIZE: 12pt; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman,serif"></FONT>&nbsp;</P>
<a name="_bclFooter311"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">311</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_312></A>
<a name="_bclPageBorder312"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader312"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">18.5 Other securities issued by the
Company</FONT></B></P></DIV>
<DIV align=left>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Security</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Commercial
      Paper</FONT></B></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Identification</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Eurobond CSN Islands XII
    Perpetual</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Date of
      issue</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">09/23/2010</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Amount
      (units)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">1,000,000</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Total value
      (US$)</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">1,000,000,000.00</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Lock-up agreement
      </FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Yes </FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Description of the
      restriction</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">The paper can only be sold to qualified
      institutional investors and investors not resident in the U.S.A., as
      defined in Rule 144A of the 1933 Securities Act, until the term provided
      for in the same rule is ended.</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Convertibility</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">No </FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Possibility of
      redemption</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Yes </FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Redemption conditions
      and calculation of redemption value</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Early redemption is permitted through payment
      of the total value of the issue as of 09/23/2010 and on the interest
      payment dates, with notice of between 30 and 60 days prior to the
      settlement, plus provisioned and unpaid interest and other amounts
      due.</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Characteristics</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Early maturity: the papers will be redeemed
      in advance in the event of any default event as described in the
      agreement.</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Interest: 7.00 p.a.</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Guarantor: CSN</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Trustee: Bank of New York</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Eurobonds are perpetual, with quarterly
      interest payments.</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Conditions for the
      alteration of the rights granted by these securities</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 1.7pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">With the consent of the majority of the
      holders of the notes, or without their consent provided the terms are
      acceptable to the trustee.</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 dashed" vAlign=top width="34%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Other material
      characteristics</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt dashed" vAlign=top width="66%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 1.7pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Restriction on the sale of assets and the
      contracting of debt in amounts above 30% of the Company&#146;s shareholders&#146;
      equity in order to guarantee any foreign debt without simultaneously or
      previously guaranteeing the notes and the other obligations.</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 1.7pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter312"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">312</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_313></A>
<a name="_bclPageBorder313"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader313"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>18.6 </B></FONT></I></FONT><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>Brazilian markets in which the Company&#146;s
securities can be traded</B></FONT></I></FONT><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>: </B></FONT></I></FONT></P></DIV>
<P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">The
Company&#146;s common shares are traded on the BM&amp;FBOVESPA S.A. &#150; Securities,
Commodities and Futures Exchange under the ticker CSNA3. </FONT></P>
<P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">The
Company&#146;s 4th debenture issue, currently outstanding, was registered for trading
in the secondary market through the National Debenture System (SND), managed by
CETIP &#150; OTC Clearing House. </FONT></P>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter313"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">313</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_314></A>
<a name="_bclPageBorder314"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader314"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>18.7 </B></FONT></I></FONT><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>Securities admitted for trading
overseas</B></FONT></I></FONT><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>: </B></FONT></I></FONT></P></DIV>
<P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">a. country:
</FONT></B><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Unites States of America</FONT><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"> </FONT></B></P>
<P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">b. market: </FONT></B><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">New York Stock Exchange &#150; NYSE </FONT></P>
<P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">c. entity managing the
market in which the securities are admitted for trading:</FONT></B><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"> New York Stock Exchange &#150; NYSE </FONT></P>
<P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">d. date of admission for
trading:</FONT></B><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"> 11/14/1997 </FONT></P>
<P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">e. trading segment, if any:
</FONT></B><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">American Depositary Receipts (level II) are traded
on the spot market. </FONT></P>
<P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">f. date of listing on the
trading segment:</FONT></B><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">
11/14/1997</FONT><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"> </FONT></B></P>
<P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">g. percentage of traded
volume abroad in relation to total traded volume of each class and type in the
last fiscal year</FONT></B><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">:
traded volume abroad (ADRs) represented 53% of total traded volume in
2009.</FONT><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif" color=red> </FONT></P>
<P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">h. ratio of overseas
certificates of deposit for each class and type of share, if any:
</FONT></B><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">1:1 (each ADR corresponds to one common share),
even after the stock split carried out on March 25, 2010. </FONT></P>
<P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">i. &nbsp;depository
institution, if any: </FONT></B><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">JP
Morgan </FONT></P>
<P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">j. custodian institution,
if any: </FONT></B><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Banco Ita&#250; S.A. </FONT></P>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter314"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">314</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_315></A>
<a name="_bclPageBorder315"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader315"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>18.8 Public issues held by the Company or by
third parties, including parent companies, subsidiaries and affiliated
companies, related to the Company&#146;s securities</B></FONT></I></FONT><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>: </B></FONT></I></FONT></P></DIV>
<P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">None.
</FONT></P>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter315"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">315</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_316></A>
<a name="_bclPageBorder316"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader316"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>18.9 Public offers </B></FONT></I></FONT><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>by the Company for the acquisition of shares
issued by third parties</B></FONT></I></FONT><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>: </B></FONT></I></FONT></P></DIV>
<P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><U><FONT lang=PT-BR style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Cimpor
&#150; Cimentos de Portugal, SGPS. S.A.</FONT></U></P>
<P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">On
December 18, 2009, the Company announced a public offer for the acquisition by
the Company itself, or indirectly through one or more of its subsidiaries, of
100% of the 672,000,000 shares issued by Cimpor &#150; Cimentos de Portugal, SGPS,
S.A. (&#147;Cimpor&#148;), which are traded on the Euronext Lisboa under the ticker CPR
PL, for &euro;5.75 per share. </FONT></P>
<P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">The
conclusion of the transaction was subject to its acceptance by shareholders
retaining at least 50% plus one of the shares representing Cimpor&#146;s capital
stock, and to approval by the necessary regulatory and/or antitrust authorities,
among other conditions and/or requirements. </FONT></P>
<P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">The
acquisition of Cimpor would be financed by the Company&#146;s own available funds and
funding from first-tier banks.</FONT></P>
<P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">On
February 12, 2010, the Company published a Material Fact containing a revision
of the conditions governing the public offer for Cimpor&#146;s shares, altering the
price to &euro;6.18 per share and stating that the offeror would be the subsidiary
CSN Cement S.ar.l. </FONT></P>
<P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">On
February 23, 2010, it was announced that the condition of effectiveness defined
in the prospectus for the offering related to the acquisition by CSN Cement S. &#224;
r. l. of at least one third of the shares plus one had not been achieved. The
offering was thus rendered ineffective and no securities changed hands.
</FONT></P>
<P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><U><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Corus
Group plc</FONT></U></P>
<P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">On
November 17, 2006, the Company announced that its subsidiary CSN Acquisitions
Limited had made a public offer for the acquisition of 100% of the shares issued
by the Anglo-Dutch steel company Corus Group plc for 515 United Kingdom pence
per share.&nbsp; The auction was held on January 30, 2007, conducted by the UK
Takeover Panel, and the Company&#146;s bid was unsuccessful. </FONT></P>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter316"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">316</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_317></A>
<a name="_bclPageBorder317"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader317"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>18.10 </B></FONT></I></FONT><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>Other material
information</B></FONT></I></FONT><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>:&nbsp; </B></FONT></I></FONT></P></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">With regard to item 18.4:</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 January 22, 2008, the
Company undertook a 1:3 stock split. i.e. each existing share was represented by
three new 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">With regard to item
18.5:</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">In September 2009, the
Company effected a bond issue through its wholly-owned subsidiary CSN Islands XI
Corp, in the amount of US$750 million, at 6.875% per year and maturing in
September 2019.</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 July 14, 2010, the
Company priced a bond issue through its wholly-owned subsidiary CSN Resources
S.A.,&nbsp; in the amount of US$1 billion, at 6.5% p.a. and maturing in July
2020, in accordance with Rule 144A and Regulation S of the </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt" face="Times New Roman,serif">of the 1933 U.S.
Securities Act</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">. The effective coupon was 99.096% and the bonds
will be guaranteed by CSN. The proceeds will be allocated to extending the
group&#146;s debt profile and used for general corporate purposes.</FONT></P>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter317"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">317</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_318></A>
<a name="_bclPageBorder318"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader318"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>19.1 Information on Company share buyback
programs</B></FONT></I></FONT></P></DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" 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; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Date
      resol.</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Buyback
      period</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Reserves and profit
      available (R$)</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Type</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Class</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Amount expected
      (units)</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">%
      outstanding</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Approved amount
      acquired&nbsp; (units)</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Average weighted
      acquisition price</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Price factor
      </FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">%
      acquired</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="100%" colSpan=11>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Other
      characteristics</FONT></B></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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">05/07/2010</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">05/07/2010 to
      06/08/2010</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="10%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">497,647,643.49</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Common</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">28,874,810</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">3.600000</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">0</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">0.00</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">R$ per
    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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">0.000000</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="100%" colSpan=11>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">The&nbsp;&nbsp; Board of Directors has
      currently authorized a new share buyback program comprising up to
      28,874,810 Company shares, effective between May 7 and June 8,
      2010.</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=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" 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="10%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">12/18/2009</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">12/18/2009 to
      01/15/2010</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="10%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">1,546,904,868.43</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Common</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">14,437,405</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">3.550000</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">0</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">0.00</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">R$ per
    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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">0.000000</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="100%" colSpan=11>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">On December 18, 2009, the&nbsp; Board of
      Directors authorized a new program for the repurchase of Company shares to
      be held in treasury for future sale or cancellation, effective between
      December 18, 2009 and January 15, 2010. However, the Company did not
      acquire any shares through this program.</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=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" 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="10%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">07/20/2009</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">08/13/2009 to
      08/13/2009</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="10%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">1,938,514,865.30</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Common</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">29,684,400</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">0.000000</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">29,684,400</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">45.49</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">R$ per
    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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">100.000000</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="100%" colSpan=11>
      <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" face="Times New Roman,serif">On July 20, 2009, the Board of Directors
      approved the acquisition, through a private operation, of 29,684,400 ADRs
      held by Goldman Sachs as the result of a Total Return Equity Swap
      Transaction, at the settlement price, which was defined as the weighted
      average market price of the Company's shares in the 30 trading sessions
      immediately prior to the settlement date, converted into U.S. dollars at
      the spot exchange rate on the business day immediately prior to the
      settlement date, in accordance with the decision of the Board of the
      Brazilian Securities and Exchange Commission &#150; Case RJ2009/5962. On August
      13, the operation was settled and the ADRs repurchased. The ADRs were
      subsequently converted into common shares and cancelled.</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=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" 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="10%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">02/02/2009</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">02/03/2009 to
      02/25/2009</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="10%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">3,432,565,529.28</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Common</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">9,720,000</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">2.190000</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">0</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">0.00</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">R$ per
    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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">0.000000</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="100%" colSpan=11>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" 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="10%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">01/07/2009</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">01/08/2009 to
      01/28/2009</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="10%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">3,432,565,529.28</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Common</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">9,720,000</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">2.190000</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">0</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">0.00</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">R$ per
    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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">0.000000</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="100%" colSpan=11>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" 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="10%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">12/03/2008</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">12/04/2008 to
      01/04/2009</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="10%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">2,574,453,813.06</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Common</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">9,720,000</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">2.190000</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">0</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">0.00</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">R$ per
    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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">0.000000</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="100%" colSpan=11>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" 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="10%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">09/26/2008</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">09/29/2008 to
      10/29/2008</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="10%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">2,563,501,738.12</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Common</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">10,800,000</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">2.370000</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">10,800,000</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">29.40</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">R$ per
    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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">100.000000</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="100%" colSpan=11>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>
<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"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<a name="_bclFooter318"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">318</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_319></A>
<a name="_bclPageBorder319"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<DIV align=left>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Date
      resol.</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Buyback
      period</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Reserves and profit
      available (R$)</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Type</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Class</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Amount expected
      (units)</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">%
      outstanding</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Approved amount
      acquired&nbsp; (units)</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Average weighted
      acquisition price</FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Price factor
      </FONT></B></P></TD>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">%
      acquired</FONT></B></P></TD></TR>
  <TR>
    <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="100%" colSpan=11>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Other
      characteristics</FONT></B></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><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; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">08/04/2008</FONT></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" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">08/04/2008 to
      08/27/2008</FONT></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" vAlign=top width="10%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">2,563,501,738.12</FONT></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" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Common</FONT></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" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT>&nbsp;</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" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">10,800,000</FONT></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" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">2.370000</FONT></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" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">0</FONT></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" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">0.00</FONT></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" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">R$ per
    unit</FONT></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" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">0.000000</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="100%" colSpan=11>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" 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="10%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">06/27/2008</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">06/30/2008 to
      07/29/2008</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="10%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">1,775,293,572.61</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Common</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">10,800,000</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">2.370000</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">0</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">0.00</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">R$ per
    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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">0.000000</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="100%" colSpan=11>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" 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="10%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">06/02/2008</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">06/02/2008 to
      06/26/2008</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="10%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">1,775,293,572.61</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Common</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">10,800,000</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">2.370000</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">0</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">0.00</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">R$ per
    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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">0.000000</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="100%" colSpan=11>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" 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="10%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">05/06/2008</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">05/06/2008 to
      05/28/2008</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="10%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">1,775,293,572.61</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Common</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">10,800,000</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">2.370000</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">0</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">0.00</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">R$ per
    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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">0.000000</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="100%" colSpan=11>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" 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="10%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">03/20/2008</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">03/20/2008 to
      04/28/2008</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="10%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">1,024,891,797.89</FONT></P>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Common</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">10,800,000</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">2.370000</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">0</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">0.00</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">R$ per
    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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">0.000000</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="100%" colSpan=11>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" 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="10%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">01/22/2008</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">01/23/2008 to
      02/27/2008</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="10%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">1,024,891,797.89</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Common</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">4,000,000</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">1.560000</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">0</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">0.00</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">R$ per
    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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">0.000000</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="100%" colSpan=11>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" 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="10%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">01/29/2007</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">01/29/2007 to
      01/25/2008</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="10%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">889,615.38</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">Common</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" 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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">923,628</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">0.590000</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">923,628</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">72.16</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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">R$ per
    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="9%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">100.000000</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="100%" colSpan=11>
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter319"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">319</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_320></A>
<a name="_bclPageBorder320"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader320"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-VARIANT: small-caps"><I><FONT lang=PT-BR style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>19.2 Changes in treasury securities
</B></FONT></I></FONT></P></DIV>
<P style="MARGIN: 6pt 0in 6pt 0.25in; TEXT-ALIGN: justify"><B><I><U><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Justification
for not completing the chart:</FONT></U></I></B></P>
<P style="MARGIN: 6pt 0in 6pt 0.25in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Given
the impossibility of reflecting the stock splits approved by the Annual General
Meetings of January 22, 2008 and March 25, 2010 in this item, the changes in
treasury securities are shown in item 19.4.</FONT></P>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter320"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">320</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>
<P><A name=page_321></A></P>
<P><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>19.3 Information on treasury securities on
December 31, 2009</B></FONT></I></FONT></P>
<a name="_bclPageBorder321"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; 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=top width="13%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Security</FONT></B></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Shares</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 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT></B>&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 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT></B>&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 6pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD></TR>
  <TR>
    <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 6pt; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Type of share</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Class of share</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 6pt; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Description of the security</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Number (units)</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 6pt; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Average weighted acquisition
    price</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Price factor</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Date of acquisition</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 6pt; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">%
      of outstanding shares </FONT></P></TD></TR>
  <TR>
    <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 6pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">Common </FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" 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 6pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" 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" width="12%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">26,194,556</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 6pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">45.49</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="12%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">R$ per unit</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="12%">
      <P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">08/13/2009</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 6pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">6.890000</FONT></P></TD></TR></TABLE></DIV>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter321"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT size=3></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT size=3></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">321</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_322></A>
<a name="_bclPageBorder322"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<H2 style="MARGIN: 12pt 0in 3pt"><FONT style="FONT-VARIANT: small-caps"><I><FONT lang=PT-BR style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>19.4 Other material
information</B></FONT></I></FONT></H2>
<P style="MARGIN: 6pt 0in 6pt 0.25in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">The
change in securities in the last three years is shown in the table
below:</FONT></P>
<DIV align=center>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; 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-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Board authorization</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="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Amount authorized</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="23%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Term of the program</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="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Amount acquired</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="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Shares cancelled</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="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Average weighted acquisition price
      (R$)</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Minimum and maximum acquisition price
      (R$)</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="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Treasury balance</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">01/29/2007</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">923,628</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="23%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">01/29/2007 to 01/25/2008</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">923,628</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" 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="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">72.16</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">35.88 and 75,04</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">15,578,128</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">12/21/2007</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">4,000,000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="23%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">01/23/2008 to 02/27/2008
      <SUP>(1)</SUP></FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" 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="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" 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="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Not applicable</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Not applicable</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">15,578,128</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">01/22/2008 <SUP>(1)</SUP></FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" 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="23%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" 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="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" 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="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">4,000,000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" 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="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" 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="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">11,578,128</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">03/20/2008</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">10,800,000 <SUP>(2)</SUP></FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="23%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Until 04/28/2008</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" 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="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" 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="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Not applicable</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Not applicable</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">34,734,384</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">05/06/2008</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">10,800,000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="23%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Until 05/28/2008</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" 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="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" 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="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Not applicable</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Not applicable</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">34,734,384</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">06/02/2008</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">10,800,000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="23%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Until 06/26/2008</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" 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="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" 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="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Not applicable</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Not applicable</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">34,734,384</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">06/27/2008</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">10,800,000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="23%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">06/30/2008 to 07/29/2008</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" 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="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" 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="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Not applicable</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Not applicable</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">34,734,384</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">08/01/2008</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">10,800,000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="23%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">08/04/2008 to 08/27/2008</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" 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="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" 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="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Not applicable</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Not applicable</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">34,734,384</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">09/26/2008</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">10,800,000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="23%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">09/29/2008 to 10/29/2008</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">10,800,000 <SUP>(3)</SUP></FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" 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="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">29,40</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">29.40 and 41.85</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">45,534,384</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">12/03/2008</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" 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="23%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" 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="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" 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="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">10,800,000 <SUB>(4)</SUB></FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Not applicable</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Not applicable</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">34,734,384</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">12/03/2008</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">9,720,000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="23%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">12/04/2008 to 01/04/2009</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" 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="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" 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="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Not applicable</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Not applicable</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">34,734,384</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">01/07/2009</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">9,720,000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="23%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">01/08/2009 to 01/28/2009</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" 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="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" 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="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Not applicable</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Not applicable</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">34,734,384</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">02/02/2009</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">9,720,000</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="23%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">02/03/2009 to 02/25/2009</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" 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="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" 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="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Not applicable</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Not applicable</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">34,734,384</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">07/20/2009</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">29,684,400</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="23%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">until Equity Swap settlement
      <SUP>(5)</SUP></FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">29,684,400 <SUP>(5)</SUP></FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" 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="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">45.49</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">45.49</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">64,418,784</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">08/21/2009</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" 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="23%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" 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="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" 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="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">8,539,828 <SUP>(6)</SUP></FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Not applicable</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Not applicable</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">55,878,956</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">09/14/2009</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" 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="23%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" 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="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" 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="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">29,684,400 <SUP>(7)</SUP></FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Not applicable</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Not applicable</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">26,194,556</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">12/18/2009</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">14,437,405</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="23%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">12/18/2009 to 01/15/2010
      <SUP>(8)</SUP></FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" 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="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" 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="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Not applicable</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Not applicable</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">26,194,556</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">03/25/2010 <SUP>(9)</SUP></FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" 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="23%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" 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="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" 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="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" 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="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Not applicable</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Not applicable</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">52,389,112</FONT></P></TD></TR>
  <TR>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">05/06/2010</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">28,847,810</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="23%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">05/07/2010 to 06/08/2010
      <SUP>(10)</SUP></FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" 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="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" 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="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Not applicable</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">Not applicable</FONT></P></TD>
    <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">
      <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 8pt" face="Times New Roman,serif">52,389,112</FONT></P></TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt 17.85pt; TEXT-ALIGN: justify"><SUP><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></SUP>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 17.85pt; TEXT-ALIGN: justify"><SUP><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">(1) </FONT></SUP><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">This
program became effective only after the cancellation of shares approved by the
Extraordinary Shareholders&#146; Meeting of January 22, 2008. </FONT></P>
<P style="MARGIN: 0in 0in 0pt 17.85pt; TEXT-ALIGN: justify"><SUP><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">(2)</FONT></SUP><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif"> As of
this buyback program, the number of shares indicated already reflects the stock
split and cancellation of shares approved by the Extraordinary Shareholders&#146;
Meeting of January 22, 2008. </FONT></P>
<P style="MARGIN: 0in 0in 0pt 17.85pt; TEXT-ALIGN: justify"><SUP><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">(3)</FONT></SUP><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif"> All
shares acquired under this program were repurchased as of October 2008.
</FONT></P>
<P style="MARGIN: 0in 0in 0pt 17.85pt; TEXT-ALIGN: justify"><SUP><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">(4)</FONT></SUP><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif"> The
Extraordinary Shareholders&#146; Meeting of December 3, 2008, approved the
cancellation of 10,800,000 shares held in treasury, with no capital reduction.
</FONT></P>
<P style="MARGIN: 0in 0in 0pt 17.85pt; TEXT-ALIGN: justify"><SUP><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">(5</FONT></SUP><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">) The
Board of Directors approved the acquisition, through a private operation, of
29,684,400 ADRs held by Goldman Sachs as the result of a Total Return Equity
Swap Transaction, at the settlement price, which was defined as the weighted
average market price of the Company's shares in the 30 trading sessions
immediately prior to the settlement date, converted into U.S. dollars at the
spot exchange rate on the business day immediately prior to the settlement date,
in accordance with the decision of the Board of the Brazilian Securities and
Exchange Commission &#150; Case RJ2009/5962. On August 13, the operation was settled
and the ADRs repurchased. The ADRs were subsequently converted into common
shares and cancelled.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 17.85pt; TEXT-ALIGN: justify"><SUP><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">(6)</FONT></SUP><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif"> The
Extraordinary Shareholders&#146; Meeting of August 21, 2009, approved the
cancellation of 8,539,828 shares held in treasury, with no capital reduction;
</FONT></P>
<P style="MARGIN: 0in 0in 0pt 17.85pt; TEXT-ALIGN: justify"><SUP><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">(7)</FONT></SUP><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif"> The
Extraordinary Shareholders&#146; Meeting of September 14, 2009, approved the
cancellation of 29,684,400 shares held in treasury, at the historical
acquisition price of R$25.28/shares, with no capital reduction; </FONT></P>
<P style="MARGIN: 0in 0in 0pt 17.85pt; TEXT-ALIGN: justify"><SUP><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">(8)</FONT></SUP><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif"> On
December 18, 2009, the Board of Directors authorized a new program for the
repurchase of Company shares to be held in treasury for future sale or
cancellation. However, the Company did not acquire any shares through this
program. </FONT></P>
<P style="MARGIN: 0in 0in 0pt 17.85pt; TEXT-ALIGN: justify"><SUP><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">(9)</FONT></SUP><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif"> </FONT><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">The
Extraordinary Shareholders&#146; Meeting of March 25, 2010, approved a 1:2 treasury
share split</FONT><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">. </FONT></P>
<P style="MARGIN: 0in 0in 0pt 17.85pt; TEXT-ALIGN: justify"><SUP><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif">(10)</FONT></SUP><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 9pt" face="Times New Roman,serif"> The
Extraordinary Shareholders&#146; Meeting of May 6, 2010, approved a new program for
the repurchase of Company shares to be held in treasury for future sale or
cancellation. However, the Company did not acquire any shares through this
program.</FONT></P>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter322"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT size=3></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT size=3></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">322</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_323></A>
<a name="_bclPageBorder323"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<H2 style="MARGIN: 12pt 0in 3pt"><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>20.1 Securities trading
policy</B></FONT></I></FONT> </H2>
<P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><B><I><U><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Justification for not
completing the chart</FONT></U></I></B></P>
<P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">The
Company currently has no securities trading policy and consequently complies
with, and requires that its management and employees comply with, CVM
Instruction 358 and other applicable rules</FONT><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New (W1),serif">.
</FONT></P>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter323"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT size=3></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT size=3></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">323</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_324></A>
<a name="_bclPageBorder324"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<H2 style="MARGIN: 12pt 0in 3pt"><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>20.2 Other material
information</B></FONT></I></FONT></H2>
<P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">The
guidelines for the trading of securities issued by the Company mentioned in item
20 is applicable to Management and other employees who have access to financial
and confidential information, who shall comply with the following rules: (i)
declare the number of shares owned when signing the term of investiture; (ii)
declare the number of shares acquired or sold, directly or through third
parties, up to ten days following the end of the month in which the trade(s)
took place; and (iii) confirm, at the end of the fiscal year, the number of
shares held and the number shares acquired or sold during the period.
</FONT></P>
<P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">In
addition, Management and other employees who have access to financial and
privileged information may not trade Company shares 15 days prior to the
disclosure of the Company&#146;s quarterly and annual results. In addition, the
Company's Code of Ethics establishes that Management and other employees must
refrain from providing information on the Company&#146;s businesses, keeping
privileged information and material acts or facts not yet disclosed to the
market in the strictest confidence, and not use such information to obtain
advantages of any nature, for themselves or third parties, such as the purchase,
sale, exchange or trading of Company shares based on undisclosed information.
</FONT></P>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter324"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT size=3></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT size=3></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">324</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_325></A>
<a name="_bclPageBorder325"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader325"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>21.1 Rules, requirements or internal procedures
adopted by the Company to ensure that the information to be publicly disclosed
is collected, processed and reported in an accurate and timely
manner</B></FONT></I></FONT><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>. </B></FONT></I></FONT></P></DIV>
<P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">The
Company&#146;s General Rule NG1004.01 approved the Disclosure Policy for Material
Acts and Facts, which establishes the guidelines governing the disclosure of
information in order to ensure that investors&#146; needs are compatible with the
Company&#146;s interests and facilitate communications with the market in general, in
accordance with CVM Rule 358, of January 3, 2002.&nbsp; </FONT></P>
<P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">CVM
Rule 358 establishes that material acts or facts must be disclosed in a clear,
simple and accurate manner in broad-circulation newspapers adopted by the
Company, which may also include the on-line address where complementary
information on the matter in question can be found, including (at least) the
identical content of the communication sent to the CVM and the Stock Exchanges.
Also according to the Rule, information must be disclosed before the beginning
or after the end of trading on the Stock Exchanges. </FONT></P>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter325"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">325</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_326></A>
<a name="_bclPageBorder326"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<H2 style="MARGIN: 12pt 0in 3pt"><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>21.2 The Company&#146;s disclosure
p</B></FONT></I></FONT><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>olicy for material acts or facts (including the
procedures related to the confidentiality of undisclosed material
information</B></FONT></I></FONT><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>): </B></FONT></I></FONT></H2>
<P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">The
Company&#146;s disclosure policy for material acts or facts</FONT><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"> </FONT></B><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">complies with the prevailing legislation, in
particular Brazilian Corporation Law, CVM Rule 358 and the U.S. Securities Act
of 1934. Thus, any decisions taken by the controlling shareholders, resolutions
taken by shareholders&#146; meetings or the Company&#146;s administrative bodies, or any
other political and administrative fact which could materially influence, (i)
the price of securities issued by the Company or referenced to same, (ii)
investors&#146; decisions to buy, sell or keep such securities; (iii) investors&#146;
decisions to execute any rights inherent to their condition as holders of
securities issued by the company or referenced to same, among others, must be
disclosed.&nbsp; </FONT></P>
<P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">In
relation to the procedures for maintaining the confidentiality of information,
material acts or facts may not be disclosed if the controlling shareholders or
other shareholders believe their publication will endanger the Company&#146;s
interests. However, if the information leaks or if there is an atypical
oscillation in the price and/or number of Company shares traded, the controlling
shareholders or Management must disclose said act or fact immediately, either
directly or through the Investor Relations Officer. </FONT></P>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter326"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT size=3></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT size=3></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">326</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_327></A>
<a name="_bclPageBorder327"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<H2 style="MARGIN: 12pt 0in 3pt"><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>21.3 </B></FONT></I></FONT><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>Officers responsible for the implementation,
maintenance, evaluation and monitoring of the information disclosure
policy</B></FONT></I></FONT> </H2>
<P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">The
Investor Relations Officer is responsible for the implementation, maintenance,
evaluation and monitoring of the Company&#146;s information disclosure policy.
</FONT></P>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter327"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT size=3></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT size=3></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">327</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name=page_328></A>
<a name="_bclPageBorder328"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<H2 style="MARGIN: 12pt 0in 3pt"><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>21.4 </B></FONT></I></FONT><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>Other material
information</B></FONT></I></FONT><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>: </B></FONT></I></FONT></H2>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif">None.</FONT></P><B><FONT style="FONT-VARIANT: small-caps"></FONT></B>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter328"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT size=3></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT size=3></FONT>&nbsp;</P></DIV>
<P style="TEXT-ALIGN: left">328</P></DIV>
<HR align=center width="100%" noShade SIZE=2>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

<A name="page_329"></A>
<a name="_bclPageBorder329"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%"> <H2 style="MARGIN: 12pt 0in 3pt"><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>22.1 The acquisition or sale of any material asset not considered a normal operation in the Company's businesses</B></FONT></I></FONT><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>: </B></FONT></I></FONT></H2>
<P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">There is no material asset not considered a normal operation in the Company's businesses. </FONT></P>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter329"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT size=3></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT size=3></FONT>&nbsp;</P>
</DIV>
<P style="TEXT-ALIGN: left">329</P>
</DIV>
<HR align=center width="100%" noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_330"></A>
<a name="_bclPageBorder330"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%"> <H2 style="MARGIN: 12pt 0in 3pt"><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>22.2 </B></FONT></I></FONT><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>Material changes in the execution of the Company&#146;s businesses</B></FONT></I></FONT><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>: </B></FONT></I></FONT></H2>
<P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">There were no material changes in the execution of the Company&#146;s businesses. </FONT></P>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter330"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT size=3></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT size=3></FONT>&nbsp;</P>
</DIV>
<P style="TEXT-ALIGN: left">330</P>
</DIV>
<HR align=center width="100%" noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_331"></A>
<a name="_bclPageBorder331"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%"> <H2 style="MARGIN: 12pt 0in 3pt"><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>22.3 </B></FONT></I></FONT><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>Relevant contracts signed by the Company and its subsidiaries which are not directly related to its operational activities</B></FONT></I></FONT><FONT style="FONT-VARIANT: small-caps"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>: </B></FONT></I></FONT></H2>
<P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">There are no relevant contracts signed by the Company and/or its subsidiaries which are not directly related to its operational activities. </FONT></P>
<H2 style="MARGIN: 12pt 0in 3pt"></H2>
<a name="_bclFooter331"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT size=3></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT size=3></FONT>&nbsp;</P>
</DIV>
<P style="TEXT-ALIGN: left">331</P>
</DIV>
<HR align=center width="100%" noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_332"></A>
<a name="_bclPageBorder332"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%"> <H2 style="MARGIN: 12pt 0in 3pt"><FONT style="FONT-VARIANT: small-caps"><I><FONT lang=PT-BR style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>22.4 </B></FONT></I></FONT><FONT style="FONT-VARIANT: small-caps"><I><FONT lang=PT-BR style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>Other material information</B></FONT></I></FONT><FONT style="FONT-VARIANT: small-caps"><I><FONT lang=PT-BR style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman,serif"><B>: </B></FONT></I></FONT></H2>
<P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">None.</FONT></P>
<P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 6pt 0in; TEXT-ALIGN: justify"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: left">332</P>
</DIV>
<HR align=center width="100%" noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always">
<DIV align=center><FONT face="Times New Roman" color=#000000 size=3><B>SIGNATURE </B></FONT></DIV>
<DIV><FONT size=1></FONT>&nbsp;</DIV>
<DIV><FONT size=1></FONT>&nbsp;</DIV>
<DIV style="TEXT-INDENT: 4%"><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. </FONT></DIV>
<DIV style="TEXT-INDENT: 4%"><FONT face="Times New Roman" color=#000000 size=3>Date:&nbsp;December 28, 2010</FONT></DIV>
<DIV><FONT size=1></FONT>&nbsp;</DIV>
<DIV align=center>
<TABLE cellSpacing=0 cellPadding=0 width="50%" border=0>
<TR>
     <TD vAlign=top width="50%" colSpan=2>
<DIV align=left><FONT face="Times New Roman" color=#000000 size=3>COMPANHIA SIDER&#218;RGICA NACIONAL </FONT></DIV></TD></TR>
<TR>
     <TD width="50%" colSpan=2 height=16></TD></TR>
<TR>
     <TD vAlign=top width="5%">
<DIV align=left><FONT face="Times New Roman" color=#000000 size=2>By:</FONT></DIV></TD>
     <TD vAlign=bottom align=center width="45%">
<DIV align=center><FONT face="Times New Roman" color=#000000 size=2>/<SMALL>S</SMALL>/&nbsp;Benjamin Steinbruch </FONT></DIV>
<HR align=left color=#000000 noShade SIZE=1>
</TD></TR>
<TR>
     <TD width="5%"><FONT size=1>&nbsp;</FONT></TD>
     <TD vAlign=bottom align=center width="45%">
<DIV align=left><FONT face="Times New Roman" color=#000000 size=2><B>Benjamin Steinbruch </B></FONT></DIV>
<DIV align=left><FONT face="Times New Roman" color=#000000 size=2><B>Chief Executive Officer <BR>
<BR>
</B></FONT></DIV></TD></TR></TABLE></DIV>
<DIV><FONT size=1></FONT>&nbsp;</DIV>
<P></P>
<P></P>
<P></P>
<P></P>
<P>&nbsp;</P>
<P></P>
<P></P>
<P></P>
<P></P>
<DIV><FONT size=1></FONT>&nbsp;</DIV>
<DIV align=center>
<TABLE cellSpacing=0 cellPadding=0 width="50%" border=0>
<TR>
     <TD vAlign=top width="50%" colSpan=2>
<DIV align=left>&nbsp;</DIV></TD></TR>
<TR>
     <TD width="50%" colSpan=2 height=16></TD></TR>
<TR>
     <TD vAlign=top width="5%">
<DIV align=left><FONT face="Times New Roman" color=#000000 size=2>By:</FONT></DIV></TD>
     <TD vAlign=bottom align=center width="45%">
<DIV align=center><FONT face="Times New Roman" color=#000000 size=2>/<SMALL>S</SMALL>/&nbsp;Paulo Penido Pinto Marques </FONT></DIV>
<HR align=left color=#000000 noShade SIZE=1>
</TD></TR>
<TR>
     <TD width="5%"><FONT size=1>&nbsp;</FONT></TD>
     <TD vAlign=bottom align=center width="45%">
<DIV align=left><FONT face="Times New Roman" color=#000000 size=2><B>Paulo Penido Pinto Marques </B></FONT></DIV>
<DIV align=left><FONT face="Times New Roman" color=#000000 size=2><B>Chief Financial Officer and Investor Relations Officer<BR>
<BR>
</B></FONT></DIV></TD></TR></TABLE></DIV>
<DIV><FONT size=1></FONT>&nbsp;</DIV>
<P></P>
<P></P>
<P></P>
<P></P>
<P>&nbsp;</P>
<P></P>
<P></P>
<P></P>
<P></P>
<DIV><FONT size=1></FONT>&nbsp;</DIV>
<DIV align=center><FONT face="Times New Roman" color=#000000 size=3><B>FORWARD-LOOKING STATEMENTS </B></FONT></DIV>
<P></P>
<P></P>
<P></P>
<P></P>
<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 or 
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>
<P></P>
<P></P>
<P></P>
<P></P>
<HR align=left color=#000000 noShade SIZE=2>
<DIV></DIV>
<DIV></DIV>
<DIV></DIV>
<P></P>
<P></P>
<P></P>
<DIV></DIV></DIV>

</BODY>

</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>img1.jpg
<TEXT>
begin 644 img1.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#_X0!F17AI9@``34T`*@````@`!`$:``4`
M```!````/@$;``4````!````1@$H``,````!``(```$Q``(````0````3@``
M``````!@`````0```&`````!4&%I;G0N3D54('8S+C,V`/_;`$,``0$!`0$!
M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`?_;`$,!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`?_``!$(`9\"
MB0,!(@`"$0$#$0'_Q``?```!!0$!`0$!`0```````````0(#!`4&!P@)"@O_
MQ`"U$``"`0,#`@0#!04$!````7T!`@,`!!$%$B$Q008346$'(G$4,H&1H0@C
M0K'!%5+1\"0S8G*""0H6%Q@9&B4F)R@I*C0U-C<X.3I#1$5&1TA)2E-45597
M6%E:8V1E9F=H:6IS='5V=WAY>H.$A8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJ
MLK.TM;:WN+FZPL/$Q<;'R,G*TM/4U=;7V-G:X>+CY.7FY^CIZO'R\_3U]O?X
M^?K_Q``?`0`#`0$!`0$!`0$!`````````0(#!`4&!P@)"@O_Q`"U$0`"`0($
M!`,$!P4$!``!`G<``0(#$00%(3$&$D%1!V%Q$R(R@0@40I&AL<$)(S-2\!5B
M<M$*%B0TX27Q%Q@9&B8G*"DJ-38W.#DZ0T1%1D=(24I35%565UA96F-D969G
M:&EJ<W1U=G=X>7J"@X2%AH>(B8J2DY25EI>8F9JBHZ2EIJ>HJ:JRL[2UMK>X
MN;K"P\3%QL?(R<K2T]35UM?8V=KBX^3EYN?HZ>KR\_3U]O?X^?K_V@`,`P$`
M`A$#$0`_`/[^****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`
M****`"BBB@`HHHH`***^,/C?_P`%&/V"?V:/'=Q\+_VA/VQ?V;_@K\1[73-.
MUJY\#?$WXO>"O!OBF#2=8C>;2M2ET37=7LK]++48HY)+.Y:`17"(S1,P!H`^
MSZ*_-+_A\Q_P29_Z2/\`[%W_`(D1\,?_`)HJ/^'S'_!)G_I(_P#L7?\`B1'P
MQ_\`FBH`_2VBOS2_X?,?\$F?^DC_`.Q=_P")$?#'_P":*C_A\Q_P29_Z2/\`
M[%W_`(D1\,?_`)HJ`/TMHK\TO^'S'_!)G_I(_P#L7?\`B1'PQ_\`FBH_X?,?
M\$F?^DC_`.Q=_P")$?#'_P":*@#]+:*_-+_A\Q_P29_Z2/\`[%W_`(D1\,?_
M`)HJ/^'S'_!)G_I(_P#L7?\`B1'PQ_\`FBH`_2VBOS2_X?,?\$F?^DC_`.Q=
M_P")$?#'_P":*C_A\Q_P29_Z2/\`[%W_`(D1\,?_`)HJ`/TMHK\TO^'S'_!)
MG_I(_P#L7?\`B1'PQ_\`FBH_X?,?\$F?^DC_`.Q=_P")$?#'_P":*@#]+:*_
M-+_A\Q_P29_Z2/\`[%W_`(D1\,?_`)HJ/^'S'_!)G_I(_P#L7?\`B1'PQ_\`
MFBH`_2VBOS2_X?,?\$F?^DC_`.Q=_P")$?#'_P":*C_A\Q_P29_Z2/\`[%W_
M`(D1\,?_`)HJ`/TMHK\TO^'S'_!)G_I(_P#L7?\`B1'PQ_\`FBH_X?,?\$F?
M^DC_`.Q=_P")$?#'_P":*@#]+:*_-+_A\Q_P29_Z2/\`[%W_`(D1\,?_`)HJ
M/^'S'_!)G_I(_P#L7?\`B1'PQ_\`FBH`_2VBN)^&_P`2OA]\8?`OA?XG_"GQ
MIX9^(OPZ\;:5#KGA#QQX-UFQ\0^%_$VC7+.L&J:)K6F37%AJ5C,T;K'<VL\D
M3E&`8D&NVH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`*
M***`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HH
MHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`K\D?"/[,'[-7Q[
M_;Y_;\UCXY_L\?`WXT:MH%I^R?INA:I\6/A+X!^(NHZ+IUS\)-8NKBPTF]\8
M>']8N=.LI[G_`$B:ULY88)9_WSQM)\U?K=7YF?"/XF?#CP)^WA_P4(M/&_Q`
M\$>#;N_C_9,N;&U\5>*]!\/7%Y;Q_"#6(I)[2'5[^SDN(4D_=O+"KHK_`",P
M;B@#VC_AW-_P3V_Z,0_8T_\`$7_@C_\`,/1_P[F_X)[?]&(?L:?^(O\`P1_^
M8>O:O^&A_@!_T7+X/?\`AS/!?_R[H_X:'^`'_1<O@]_X<SP7_P#+N@#Q7_AW
M-_P3V_Z,0_8T_P#$7_@C_P#,/1_P[F_X)[?]&(?L:?\`B+_P1_\`F'KVK_AH
M?X`?]%R^#W_AS/!?_P`NZ/\`AH?X`?\`1<O@]_X<SP7_`/+N@#Q7_AW-_P`$
M]O\`HQ#]C3_Q%_X(_P#S#U\U_M#_``._X)6_LSO\.;;QW_P3[_9\\0ZI\4_$
M]_X4\(Z%\+_V%O`/Q-UZYO=)\.ZMXKUB_O=(\&_#+5;W3M$TC0=%U#4-2U>[
MBBL;2*$>;*I=0?O[_AH?X`?]%R^#W_AS/!?_`,NZ^$/VO]/^%W[0_P`0_P!F
MR71OVC?A_P"%O"_@77_B[=^-?%/A#XX>`?#GBG0K7Q9\$O'7@W0)](FFU6XN
M+@S^)-:TRVNX[.%I$M)9I)&CA61@`=SX,_9(_P""57C[PSX(\6>&OV0OV&+G
M2/B+IL&J^#?M?[-WP)T[4-<MIXY)-EII=]X+@OWNH/)GCNK3[/\`:+::">&:
M-)(G4=XG_!/S_@G#*J-'^Q'^Q)(LB7,B,G[-GP)=72R=HKQT*^"R&2TD1X[E
MAD0.K)*492!^//B7P+XOUW3/V>?!]VG[*]M!\&?!/PZT#P[\0O#OQ?\`@M+X
MLT+Q+\/OB%K=MXJUR[U_Q)XOG\2Z#IWCKP19Z)XCTF+P5/>ZO>:AXF\0Z9XJ
MODDMHEFI_%#X1_%+3OB/XWU_X/\`QN^"0\->#?'_`(K\-?!#2Y/VC_`VG:1J
MOPC_`&FKN+4?CEJOBO1KCQ`=M]\/M;NM:U?P_:.Z7E]%?1P:0NZ-DH`_27XS
M_L__`/!)3X`R_#%?B?\`L;?L;:)!\7O&%MX'\%W\'[)_P?U/3;K6[JT:^A;4
M+_3_``#<6NE:8;=0[ZM?R06";XPTX+KG/\3_``5_X(_^#OV@?!_[,/B+]DC]
MBG3?C%XY\%>(OB!H'AV?]ECX-+;2>%_"RQ2:S?7NL?\`"!_V7ISP0S1W$=O>
M74,\]N3/$C1@L.=_:M\!?`SXS>'OV:OAAX9^,/P3_P"$"^%\7B?1-7NKCXL^
M`H9M!TQ/A?<>%?!VHVD%UKWG:A<6.MP:7-Y<.^5?),LAV[FK\UM=^!/Q^\;^
M+_@U\=-6\8?LQ?$?XYZ?X;^.VB?%33M5^,7PRUK2(?"4_AOPYX*^'VF"PD\4
MI9ZS_:'A_1]5UN\0W$.DVVIZI'%K4BQ1OEI.348IR;=DDFVWV26K8FTDVVDE
MNWHEZMG[&:C^R5_P2BTK6O!/A^^_9._8*BU;XCR:I#X'M!^SU\`I#XEDT:*"
M;4DTMX_!S1W1M4N8=XC<_,X1<OD5V5O^P5_P34N[C4[2U_8N_8;N;K11G6+>
M#]G+X"2SZ4-ADSJ,4?@UGLAL!<FY6,!5)/`-?DU\*?@]H'A37O@QXQ\1/^S]
MJ,7@_P"._P`8O$%KX<N?BS^SS_:/PX\%?$;2=&A\,:KI%C8^(AX4LK7PEKEC
M=ZP?#GAF=FMYY%EL(I;AWD/)?#/X#:AX4^!/[1_@W5OB[X0NOCQK_P"RQ^T!
M\(=$^)B_'_X!Z7X7^+WC;QUH^L6WA'Q'JUSH7B>/QK-K:WLMD=-USQNXN/#D
M5Q=HL\*M@(9^MEG^QG_P3(O_`!1?^%K+]A[]CJYETSPY#XGO->@_96^"TOA&
M&QEU34](DM&\5)X&;1!K%G=:3=-?Z2;P7UE;-;W-Q"D5Q$S8>H_LH?\`!+VS
M\6_"KPE9?L0_L8:]-\8)?%L7A35]`_9H^`NJ:(Q\&Z+'KFJ-<ZA:^#Y(@K6L
MJI;F(R[I@R-MQFOD_4_!OAGX=6OB"3X(^)?V7DB?]BGP)\++7POJ7Q7^&J>'
M]=^+4'Q$\3^(?'8U?3YO$UK#K%_?Z-K3WPUC6KM-/UW69(+;5]36U>[F3G?V
M0?!6E_"OXA>!]<U_QQ\$?`_@;P[\<OC!XWT?PI;_`!@^"T-KX-\%^./@)\,_
M"FF:=I/AWP1XA?PSHL$WCO1O%#2:)X?006[RR:E/YLE])=3`'Z7?\.YO^">W
M_1B'[&G_`(B_\$?_`)AZ/^'<W_!/;_HQ#]C3_P`1?^"/_P`P]>U?\-#_```_
MZ+E\'O\`PYG@O_Y=T?\`#0_P`_Z+E\'O_#F>"_\`Y=T`>*_\.YO^">W_`$8A
M^QI_XB_\$?\`YAZ/^'<W_!/;_HQ#]C3_`,1?^"/_`,P]>U?\-#_`#_HN7P>_
M\.9X+_\`EW1_PT/\`/\`HN7P>_\`#F>"_P#Y=T`>*_\`#N;_`()[?]&(?L:?
M^(O_``1_^8>O!?VJ?^"?'[`^B_LP?M'ZQH_[$'[(.DZOI/P%^,&IZ5JNF?LU
M?!BPU'3=1L/A[XBNK'4-/OK7P7%<V=[9W,45S:7=O+'/;SQQS0R)(BL/N3_A
MH?X`?]%R^#W_`(<SP7_\NZ^?OVLOC]\";S]E?]I>SL_C5\)+J[NOV?OC+;6M
MK;?$?P=/<7-Q/\.?$<4$$$$6LM)---*RQQ11JSR.RHBEB!0!ZI^QYX<\/>$O
MV3OV:/#WA70=&\,^']-^!'PH33M#\/Z79:+H]@D_@?1+J9++3--@MK*U6:ZG
MGN95@@C$D\TLS@R2.Q^CJ^?OV3=1L-5_9;_9OU#2[ZSU*PN?@3\)6M[VPN8;
MRTG">`]!B<PW-N\D,H25'C8H[!9$9#AE('T#0`4444`%%%%`!1110`4444`%
M%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`44
M44`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!111
M0`4444`%%%%`!7YS_M+_`/!)'_@G%^V+\4+KXT_M-?LG?#CXO_%*]T71_#MW
MXS\33^*H]4GT70(I(-'T]UTGQ%IMGY-A#+)'"1:B0JYWNYP1^C%%`'XT?\0]
M?_!&#_I'[\&/_`KQ[_\`-C1_Q#U_\$8/^D?OP8_\"O'O_P`V-?LO10!^-'_$
M/7_P1@_Z1^_!C_P*\>__`#8T?\0]?_!&#_I'[\&/_`KQ[_\`-C7[+T4`?C1_
MQ#U_\$8/^D?OP8_\"O'O_P`V-'_$/7_P1@_Z1^_!C_P*\>__`#8U^R]%`'XT
M?\0]?_!&#_I'[\&/_`KQ[_\`-C1_Q#U_\$8/^D?OP8_\"O'O_P`V-?LO10!^
M-'_$/7_P1@_Z1^_!C_P*\>__`#8U\I_M@_\`!&[_`()C?LV?#3PQXY^!G['O
MPQ^''BS7_BY\,OAQK&N:'<>+GN[_`,$>._$46B^+O#LPU'Q+?0BQUW2W>SNS
M'$EP(F/D3Q/\U?TAU^=__!3'_DA'@'_LY+X"_P#J:V]?3\%_\E7D'_8SPW_I
M9X/%'_)/9Q_V`UOR/GC_`(AZ_P#@C!_TC]^#'_@5X]_^;&C_`(AZ_P#@C!_T
MC]^#'_@5X]_^;&OV7HKY@]X_&C_B'K_X(P?](_?@Q_X%>/?_`)L:/^(>O_@C
M!_TC]^#'_@5X]_\`FQK]EZ*`/QH_XAZ_^",'_2/WX,?^!7CW_P";&C_B'K_X
M(P?](_?@Q_X%>/?_`)L:_9>B@#\:/^(>O_@C!_TC]^#'_@5X]_\`FQH_XAZ_
M^",'_2/WX,?^!7CW_P";&OV7HH`_&C_B'K_X(P?](_?@Q_X%>/?_`)L:/^(>
MO_@C!_TC]^#'_@5X]_\`FQK]EZ*`/-?@]\'_`(:?`#X8>"?@Q\'/"&F>`?A?
M\.=#M_#7@CP;HS7;Z7X=T*T:1[;3;%KZYO+PP1-+(5-Q=3298Y<\5Z5110`4
M444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!11
M10`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%
M`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`
M%?G?_P`%,?\`DA'@'_LY+X"_^IK;U^B%?G?_`,%,?^2$>`?^SDO@+_ZFMO7T
M_!?_`"5>0?\`8SPW_I9X/%'_`"3V<?\`8#6_(_1"BBBOF#W@HHHH`****`"B
MBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`***
M*`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`*_*?Q/\)'_:-_X*
M#_M*^!_&?QE_:;\)>"_A5^R_^QGXA\&^$O@O^TQ\;?@=X;L]?^)WQ!_;.LO&
MVN7^C?"OQKX5L-9U?6K/X;^"[274-5AN[J&UT.V@MY(HS(K_`*L5\!_"C_E)
M?^VU_P!FC_\`!/7_`-65_P`%!J`#_AW7\+_^B_\`[?G_`(L'_;"_^?!1_P`.
MZ_A?_P!%_P#V_/\`Q8/^V%_\^"OORB@#X#_X=U_"_P#Z+_\`M^?^+!_VPO\`
MY\%>3:C^S-^Q]I'C;4_AKJW[<7[5FF?$31=!NO%.L>!;_P#X*A_M-6?B[2O#
M5C:M?7NOZCX=N/CI'JUEH]G9*UY=:E<VD=I!:J;B6581OK]5:_$GXHGQW\//
MVA/C#;?LY:-\5/%DGQ,3XL:S\6/"'C+]F[Q_!9^!_%!^&M^='^)7P2_:%D\.
M:+X=OH]2U>WTVQ7P1::UX\FUJ\F6+0[;09;>99P#ZJTK]@'X-Z[IMAK.B?M(
M_MVZQH^J6L%]IFJZ7_P43_:ZO].U"RN8UEM[RQO;3XR2VUU:SQ,LD,\$LD4J
M,&1F4@U9A_X)[?"6XDN(H/VB/V]9Y;240W4</_!0W]KV22VF*+((KA$^,3-#
M*8W201R!6*,K`;6!/QUXM\-?M3>++2'7I/%?[4'A74/A5^S/\!/B#X)TKPC?
M^.?#>DZ_\9CXIN;+QII/BK0K.S2Q\?W4OAY?LOB/P-XBMM6LK>UN?[1GT>WO
MX[._@\@^(VA?'SX<^*OVH[GX<VO[1FGZG\0/VE_@_KOQ-U/[-^U9KFE0_L]^
M(/A/:1>(_$?PQE^'EK>RWVO6OQ'72=`UFW^%6K6OQ"\->&K>[C=;+1='-M0!
M^E?_``[K^%__`$7_`/;\_P#%@_[87_SX*PO#7["?P*\9Z+9>)/"'[3_[<?BC
MP]J2RMIVN^'_`/@HS^UMJ^D7RP3R6TS6>HV'QFGM+E8KB&6"1H97"2Q21L0R
M,!X5\,_"7[0?C&Y_8W\'^*_B]\?_`!-X`NM2_:B\0>./%OA_0?CQ\%=1?P_X
M<\9^`=5^`G@_XE:E\08]/^*-P^BZ0]SHUOK_`(WO;#5_B?!INLWEX=1TO6=9
MM+KSV70/VI_B1K/[,'@'6?$/[37@GP7=?LN_M^>-/B%J7@*Z\=>`=0/QD\#_
M`!C_`&=K?]G&S\4>*-$M+'4+35Y-`UWX@ZAX.\)WM];Q>-M+L=;CFTO7]"M-
M6M"`?:G_``[K^%__`$7_`/;\_P#%@_[87_SX*\B\1?LU_L<^$/B1H'P<\6?M
MS?M3^&/BWXJL(-4\,?#'Q!_P5'_:7T;Q_P"(M-N;U].MK[0_"&H_'6WU_5;2
MYU"*6QMI[&PGCN+R.2VA9YD9!\%?"W]HKXY?$']I7X5:A^T#XM^-'PET#1?'
M?['WA3Q-XIO/%GQM\"_"UOB'XN_9A^!WB/7_`-GK7/A_\.O#\_PBLO%7Q#_:
M1^,.GZ/>/\;?&?@_QVNM++\.+GP7>>'D\,)KWTW\7?V2OBE^T7_P4"_:RTF:
M\M/`/P.\:?LQ_L.:'XC\<:K\+/$&L^(_$DWA'XG_`+7FNZYH'P4^)C>)]"\+
M^$O%VA1ZEH$OB>\;0O&VH:/;>(?#E]]@TJ6?3YKT`^D?#?[#OP&\8-X@7PQ^
MTY^W9K;>%?$5YX2\1"P_X*&_M@RG1_$NGVEA?WNBWP_X6^/*OK:SU33KF6+G
M;%>0-GYZZ;_AW7\+_P#HO_[?G_BP?]L+_P"?!7Y]_&;_`(7'X'\%_'KP_H/@
M+]HS1[[Q_P#MB?&OQ'X;\9_#=OVB=`2P6P^!W@*Z\%:M?V'P$\/:CXW\7:%X
MG\4Z1_8FCRZC<Z/\.KG5(+A-?U^8VW]DWN'X8U#]O+Q-I>N?$KQMJO[3UEX^
M^&/[-W_!/[Q5X4\)Z=I_C/P[X3\1_%WQ?H/BD?M'V>N>"=!TVQT/QUJ$5W!8
M1>-/#UY::E;>%Y9+68V.DW+6LX`/T9A_X)Z_":Y,PM_VA_V]9S;3O;7`A_X*
M&?M?2F"YC5&DMYA'\8F\J=%D1GB?;(JNA*@,,S_\.Z_A?_T7_P#;\_\`%@_[
M87_SX*\V_P"">/PXU#X8?$W]O+2/$%I\9+'5_$G[7/CSQQH2_$.[^*NJ^$]8
M\!>(/#W@DZ#XA\&ZSXO>[\&7ZW=_;ZO9SGPSJ,^IVUO8P66IPV]K:6,:?J+0
M!\!_\.Z_A?\`]%__`&_/_%@_[87_`,^"C_AW7\+_`/HO_P"WY_XL'_;"_P#G
MP5]^44`?G+_P3,T?5]'^$7QNMM:^(WQ>^)<^E?MH?MA^!M*U?XR?%CQ[\7=?
MTOPC\*/V@?'?PM\#^'].UWX@Z]K^JV>F:3X0\'Z+;O:P721WVIB_UR^%QJ^J
M:A>7'Z-5^+7[,_[,&H?'2R_:$^(%I^TE^TS\%(9_VV/VV/#P\"?`_P")%OX*
M\`POX2_:>^)WAJ77H="FT'5I$\0>*I-,;Q%XLO\`[85U7Q)J6IZBD%LMR((_
MI3_A@#6O^CZ_V]__``^EC_\`,?7TM/*^'Y4Z<JG%-.E.4(2G3>39E-TYN*<H
M<\5RR<&W'FC[LK76CT\.>89Q&<XPR"I4A&4E&?\`:6!CSQ3:C/EE*\>96?*]
M5>SU/T1HK\[O^&`-:_Z/K_;W_P##Z6/_`,Q]'_#`&M?]'U_M[_\`A]+'_P"8
M^K_LGAS_`**RG_X9,S_^1]?Z>D_VCG7_`$3M3_PZ8#_Y(_1&BOSN_P"&`-:_
MZ/K_`&]__#Z6/_S'T?\`#`&M?]'U_M[_`/A]+'_YCZ/[)X<_Z*RG_P"&3,__
M`)'U_IZ']HYU_P!$[4_\.F`_^2/T1HK\[O\`A@#6O^CZ_P!O?_P^EC_\Q]'_
M``P!K7_1]?[>_P#X?2Q_^8^C^R>'/^BLI_\`ADS/_P"1]?Z>A_:.=?\`1.U/
M_#I@/_DC]$:*_.[_`(8`UK_H^O\`;W_\/I8__,?1_P`,`:U_T?7^WO\`^'TL
M?_F/H_LGAS_HK*?_`(9,S_\`D?7^GH?VCG7_`$3M3_PZ8#_Y(_1&BOSN_P"&
M`-:_Z/K_`&]__#Z6/_S'T?\`#`&M?]'U_M[_`/A]+'_YCZ/[)X<_Z*RG_P"&
M3,__`)'U_IZ']HYU_P!$[4_\.F`_^2/T1HK\[O\`A@#6O^CZ_P!O?_P^EC_\
MQ]'_``P!K7_1]?[>_P#X?2Q_^8^C^R>'/^BLI_\`ADS/_P"1]?Z>A_:.=?\`
M1.U/_#I@/_DC]$:*_.[_`(8`UK_H^O\`;W_\/I8__,?1_P`,`:U_T?7^WO\`
M^'TL?_F/H_LGAS_HK*?_`(9,S_\`D?7^GH?VCG7_`$3M3_PZ8#_Y(_1&OSO_
M`."F/_)"/`/_`&<E\!?_`%-;>D_X8`UK_H^O]O?_`,/I8_\`S'US/BO_`()F
M:5XZT^VTGQI^V)^VSXLTNSU73M<M-.\1?%_1-8LK;6=(G%UI6JP6U_X(GABU
M#3KD"XL;M$$]K,!)"Z.`:];(:7#.49SEN9U>*(U:>!Q=+$3I4\ES)3G&F[N,
M7)<J;ULWI^GG9O4SW,<LQV!IY!*G/%8>I1C.>9X%QBYJR<E&3=EY:GZ;T5^=
MW_#`&M?]'U_M[_\`A]+'_P"8^C_A@#6O^CZ_V]__``^EC_\`,?7D_P!D\.?]
M%93_`/#)F?\`\CZ_T]/1_M'.O^B=J?\`ATP'_P`D?HC17YW?\,`:U_T?7^WO
M_P"'TL?_`)CZ/^&`-:_Z/K_;W_\`#Z6/_P`Q]']D\.?]%93_`/#)F?\`\CZ_
MT]#^T<Z_Z)VI_P"'3`?_`"1^B-%?G=_PP!K7_1]?[>__`(?2Q_\`F/H_X8`U
MK_H^O]O?_P`/I8__`#'T?V3PY_T5E/\`\,F9_P#R/K_3T/[1SK_HG:G_`(=,
M!_\`)'Z(T5^=W_#`&M?]'U_M[_\`A]+'_P"8^C_A@#6O^CZ_V]__``^EC_\`
M,?1_9/#G_164_P#PR9G_`/(^O]/0_M'.O^B=J?\`ATP'_P`D?HC17YW?\,`:
MU_T?7^WO_P"'TL?_`)CZ/^&`-:_Z/K_;W_\`#Z6/_P`Q]']D\.?]%93_`/#)
MF?\`\CZ_T]#^T<Z_Z)VI_P"'3`?_`"1^B-%?G=_PP!K7_1]?[>__`(?2Q_\`
MF/H_X8`UK_H^O]O?_P`/I8__`#'T?V3PY_T5E/\`\,F9_P#R/K_3T/[1SK_H
MG:G_`(=,!_\`)'Z(T5^=W_#`&M?]'U_M[_\`A]+'_P"8^C_A@#6O^CZ_V]__
M``^EC_\`,?1_9/#G_164_P#PR9G_`/(^O]/0_M'.O^B=J?\`ATP'_P`D?HC1
M7YW?\,`:U_T?7^WO_P"'TL?_`)CZ/^&`-:_Z/K_;W_\`#Z6/_P`Q]']D\.?]
M%93_`/#)F?\`\CZ_T]#^T<Z_Z)VI_P"'3`?_`"1^B-?C+^R#^RWIO[1WP:U#
MXP?$[]H?]MZ?QEXE^/'[66F7J^%OVW?VG_`_ANRTKP3^U7\:/`?A72="\)>$
MOB=I'AO0-*T3PIX9T32++3](TVTM8H+%"(O,9V;Z)_X8`UK_`*/K_;W_`/#Z
M6/\`\Q]1?\$IM'?P[^Q/X/\`#[ZMK&OOH7QJ_;'T=]=\0W8O]?UIM,_;,^/]
MDVK:Y?+%"M[K&I&`WFI7:PQ"YO9IIA%&'VCS<QP>686%)X#.(YI*<I*I".`Q
M>#]E%).,G+$)*?,VU:.JM=[H[L%B<=7E46,RR6`C%1<)2Q>'Q/M&V[I*@VX\
MJ2=Y:.]D;7_#NOX7_P#1?_V_/_%@_P"V%_\`/@H_X=U_"_\`Z+_^WY_XL'_;
M"_\`GP5]^45Y)Z!\!_\`#NOX7_\`1?\`]OS_`,6#_MA?_/@H_P"'=?PO_P"B
M_P#[?G_BP?\`;"_^?!7WY10!^97Q&_8Z_9F^#_A34/'?Q8_:^_;(^&7@G2=@
MU/Q?X_\`^"EW[5'A#PUIYEW>6MYKFO\`QML--MVD".8UEN59PC%0=IQN^&OV
M$O@7XST'2O%/@_\`:?\`VX?%7AC7K*#4M#\1^&_^"CG[6>N:%K.G72"2VO\`
M2M7TSXSW5AJ%G<1L)(+JTN)894(9'8'-9W[8FDZ[HG[3?[(OQF\6^$O$OC[]
MF_X<Z)\=-'^(>A^$O`'BKXI:KX9^)7C:W^'5K\,/'USX!\$^'O%'B;6-,L-*
MTOQ_X>GU+3=%O#X??7UEN8UMM0EGM_CG]I?Q9\4]<U/QQK7P9T;]K3X;7"?`
MSPUXD_X)\^#/A_\`#CX^^`/ACK7[06J:A\0-,U!/VB?"/@'P_9V.DZ5=>)=1
M\&S^*?#G[1MCI'AC3/`%W_PD=MI\&K6^MOIX!]>6W[&O[.%U9^/=1B_:N_;=
M73OA;J6I:1\1M0N/^"C'[75I8>"M0T;0-.\4ZM;^([VZ^,4-KI8TWPYJ^FZW
M>S7,J06VFWD-U+*L1+#J]/\`^"??P@U:PL=5TO\`:,_;RU'3-3L[;4-.U"Q_
MX*'?M>W5E?V%["ES:7EI<P_&)X;BUNK>2.>WGB=XIHG22-F5@3\2>%K3]IKP
M/^T3^VC+XC\,?%^Q^'7Q&\2?'#5/@M+\._"WBI/#VH_'6V_94^%PU#6?B4+2
MPFO/$'A#6]&T*;2_@7KL>/`=M\0O#OCG1/$'VGQ]>?#3R8?B<?VQ-0\1?%[Q
M;HVK?M+V#?`[]@S]A/XG_!;PUX5B\=:7X2\6_M%ZMXI_:5C^-^BZYX?TBRAL
MOB?K;^'O#7PYT[Q[X`UA=831].U71KZ_T;3]0OM%U%`#[M_X=U_"_P#Z+_\`
MM^?^+!_VPO\`Y\%>/V7[-_[&NI?$K6_@QIW[=/[4U_\`%_PU;I=^(?A79?\`
M!4C]I>Z^(NB6TEE_:23ZIX*@^.K^)+*-M._T]6N--0&S(N1^Y(>OG3]DCXT^
M./'_`.VM-?\`Q3\>?%OPAI.M_%+]JWPG\+=+\6_$'XS2_#?X\R>#O&OC30?!
M_A_P-X0L-$B_9IM6^''PZ^'_`(J\1):>&?'GBSQ/KMM;OXHU_0](\46>L1:-
MT?P<_9&^*GQ#_:3_`&OO&_C2YM_`WPQ\*_M]2_&;P1I;?"OQ%I/Q-^(NH^'O
MV=O@)I^BZAH?Q1U+Q/#I-]\*KS6K#4M)O[#0?`]T^J7^EZUI!\3*1=VUL`?4
MWA/]AGX$^.M`L?%/@_\`:9_;N\0^'M2>]2PU?3?^"AG[8,]E=/IVH76E7RQ2
M_P#"WQN:UU&RN[.88&R>WD0_=KHO^'=?PO\`^B__`+?G_BP?]L+_`.?!7YC>
M.+W]HSP-^SQ\`?`G@;X??M,>#_'>AZ+\6?%.@>(/"$'[0=EH@\92_'K77TGP
MEXF\!?"?1GTW4M1U+PYJ$VN6L_QNN]+\`#0C)/%::I+/"Z>W?#RR_:TUGXCZ
MUX^\8:W^TPTFL?MI>*_@[+X5N[CQ_HG@*Q_9PU?P!X<DCU_3/"5E!IVBZ98V
M?B&XU*;1OB9;017>FZFL]O8Z]$L36Z@'V);?\$]?A->0I<VG[0_[>MU;R;O+
MGMO^"AG[7T\,FUF1MDL7QB9'VNK(VUCAE93R"*G_`.'=?PO_`.B__M^?^+!_
MVPO_`)\%<1_P24\#:E\,OV-?!OP_\1V'Q9TCQIX5\1>/-/\`%^B_%O\`X66^
MJ:9J<GCGQ)=VL>B7/Q&0B]T2ZTJXL;V"\\*W5[X>NGN&GBN9+F2=C^F=`'P'
M_P`.Z_A?_P!%_P#V_/\`Q8/^V%_\^"C_`(=U_"__`*+_`/M^?^+!_P!L+_Y\
M%??E%`'P'_P[K^%__1?_`-OS_P`6#_MA?_/@K\T_C)X>\9?LG_\`!9/_`((W
M_!OX7?M"_M7:M\*?VE=&_P""B%Q\:/A[\6?VH/CA\9_"7C6;X.?LZ:%XA^',
MEYHGQ/\`&WBBQMF\-Z[XBU'5[;[%#;^;J*V%W<>;-IMBT']%%?@/^WY_RG>_
MX-^O^Q?_`."KW_K+G@6@#]^****`"BBB@`HHHH`****`"BBB@`KX>^*'[%^O
M>-/CQXM_:$^&G[8G[47[-'B[Q_\`#7X8_"[QOHGP9T7]D/Q'X3\2Z'\(=>^*
M7B'P1J5S:?M'?LH?'[7-,URRN_C#XTM[R;P]X@T;3=1LY].6ZTI[BPCN7^X:
M*`/@/_ACG]HC_I*]^WY_X;G_`();?_2UZ/\`ACG]HC_I*]^WY_X;G_@EM_\`
M2UZ^_**`/@/_`(8Y_:(_Z2O?M^?^&Y_X);?_`$M>C_ACG]HC_I*[^WY_X;G_
M`();?_2UZ^_**`/@/_ACG]HC_I*]^WY_X;G_`();?_2UZ/\`ACG]HC_I*[^W
MY_X;G_@EM_\`2UZ^_**`/@/_`(8Y_:(_Z2N_M^?^&Y_X);?_`$M>OG+X<^`?
MVI?B)^T/^TA^S[??\%)?VO=#T3]G2U^#MUH/C;0/AM_P3N7QYXY;XO>$M1\5
MZI'\0'US]@_7/!3Q>&;G3X]-\*?\(-X)\#2+I<TX\32>)]1\G4H?V)K\[_V>
M/^4@?_!17_L%_LA_^JI\05]%DE"C5RWBZ=6C2JSPW#N'KX:=2G&<\/6EQ5PS
MAW6H2DFZ55X?$5Z#J4W&;HUJM)ODJ3C+Q<UJU:>-X<A3J5*<:^=5J5>,)RC&
MM27#^>UE3JJ+2J4U6HTJJA-.*JTJ=2W/"+7E5Y_P2KO]1^)T/QGOO^"@'[7E
MW\5+?4K/6XO'=Q\%/^"4<OB$:_IVB'PSIWB)KUO^"9Y:3Q'IWAH_\(]I_B&1
M7UFRT+&D6M]%IX%O7M/_``QS^T1_TE=_;\_\-S_P2V_^EKU]^45\Z>T?`?\`
MPQS^T1_TE=_;\_\`#<_\$MO_`*6O1_PQS^T1_P!)7OV_/_#<_P#!+;_Z6O7W
MY10!\!_\,<_M$?\`25W]OS_PW/\`P2V_^EKT?\,<_M$?])7OV_/_``W/_!+;
M_P"EKU]^44`?`?\`PQS^T1_TE>_;\_\`#<_\$MO_`*6O1_PQS^T1_P!)7OV_
M/_#<_P#!+;_Z6O7WY10!\N?LG_LP)^REX)\9^"H?C?\`&7X[#QQ\6?B-\9=2
M\2_&NV^"=MXBL?%GQ8\27GC3QW;Z6GP-^#/P2\-QZ+K/C75M>\4QV=]X=U"Z
MTR^UV]TS2K^R\-6FBZ%I7U'110`4444`%%%%`!1110`4444`%%%%`!1110`4
M444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%?FYX3_X
M)]_$'X;6.L>'?A-_P4@_;D^%W@34?'/Q*\>Z9\/_``]X3_X)V^(-`\+:C\5?
MB)XH^*'BC3-#U;XD_L!^.O'5SHZ^*_&&MS:8GB?QAXBU.TLIH+*35+E+>-A^
MD=%`'P'_`,,<_M$?])7OV_/_``W/_!+;_P"EKT?\,<_M$?\`25[]OS_PW/\`
MP2V_^EKU]^44`?`?_#'/[1'_`$E>_;\_\-S_`,$MO_I:]'_#'/[1'_25[]OS
M_P`-S_P2V_\`I:]??E%`'P'_`,,<_M$?])7?V_/_``W/_!+;_P"EKT?\,<_M
M$?\`25W]OS_PW/\`P2V_^EKU]^44`?`?_#'/[1'_`$E=_;\_\-S_`,$MO_I:
M]'_#'/[1'_25W]OSG@_\6Y_X);?_`$M>OORB@#\4_$?_``3PU[]GKQ)I_P`9
MOA]^W)^T[%\1O''Q*\'_``_U7Q)=_!+_`()?VFH6=M\<OB/X=\->./$6D7?A
MK_@G7X>O+'Q-<S:L?$[7'VF;2-<\3Z?I]YXTT7Q58)=Z9=_6'_#'/[1'_25W
M]OS_`,-S_P`$MO\`Z6O7N?[2_P#R*/P\_P"SB?V;/_5W^!J^B:]&M""RO`5%
M"*J3Q>8QG-12G*,*>7N$92MS2C!SFXIMJ+G*UN9WXJ4YO'XR#E)PCA\%*,&V
MXQ<Y8OF<8[)RY8\S2N^6-[V1\!_\,<_M$?\`25W]OS_PW/\`P2V_^EKT?\,<
M_M$?])7OV_/_``W/_!+;_P"EKU]^45YQVGP'_P`,<_M$?])7?V_/_#<_\$MO
M_I:]'_#'/[1'_25[]OS_`,-S_P`$MO\`Z6O7WY10!\!_\,<_M$?])7OV_/\`
MPW/_``2V_P#I:]'_``QS^T1_TE>_;\_\-S_P2V_^EKU]^44`?`?_``QS^T1_
MTE>_;\_\-S_P2V_^EKUP6F?\$RK#4/VL?V9/VQOC/^V7^UW^T=\3_P!D6U^-
M5G\%M%^*5C^QUX5\"Z3#\?\`P"/AU\1_[:TO]GS]D/X':]X@:]T6WTJ[TQM0
M\2O_`&5JNC64UL/L=QJ]AJ?Z<T4`%%%%`!1110`4444`%%%%`!1110`4444`
M%%%%`!1110`4444`%?G?^SQ_RD#_`."BO_8+_9#_`/54^(*_1"OE_4/V0O@W
MJ_Q7^)/QDU6/QQ<>+_BE#X-@\1IIWQ$\8^%-(A3P-H7_``CNC_8+/P5J_AJ=
MS)IX0W?]KW>K`7"M+8"P$]TD_OY)CL#A<-Q#AL=4Q%*.:Y+2P%">&P\,3.->
MGG^1YG[U.IB,+'D=#+JZ<G6C:3BDI-V/'S7"XO$5\FKX2%&I++\TGC*L*]:=
M"+HSRC-<#[LX4<1+G57&TFH^S=XJ5VK7/J"BOG?_`(98^#7_`#X?$#_P]WQO
M_P#GBT?\,L?!K_GP^('_`(>[XW__`#Q:Y/99-_T'YI_X:,)_\^_7^GIT^TS3
M_H#P'_AQQ'_SJ/HBBOG?_AECX-?\^'Q`_P##W?&__P">+1_PRQ\&O^?#X@?^
M'N^-_P#\\6CV63?]!^:?^&C"?_/OU_IZ'M,T_P"@/`?^''$?_.H^B**^=_\`
MAECX-?\`/A\0/_#W?&__`.>+1_PRQ\&O^?#X@?\`A[OC?_\`/%H]EDW_`$'Y
MI_X:,)_\^_7^GH>TS3_H#P'_`(<<1_\`.H^B**^=_P#AECX-?\^'Q`_\/=\;
M_P#YXM'_``RQ\&O^?#X@?^'N^-__`,\6CV63?]!^:?\`AHPG_P`^_7^GH>TS
M3_H#P'_AQQ'_`,ZCZ(HKYW_X98^#7_/A\0/_``]WQO\`_GBT?\,L?!K_`)\/
MB!_X>[XW_P#SQ:/99-_T'YI_X:,)_P#/OU_IZ'M,T_Z`\!_X<<1_\ZCZ(HKY
MW_X98^#7_/A\0/\`P]WQO_\`GBT?\,L?!K_GP^('_A[OC?\`_/%H]EDW_0?F
MG_AHPG_S[]?Z>A[3-/\`H#P'_AQQ'_SJ/HBBOG?_`(98^#7_`#X?$#_P]WQO
M_P#GBT?\,L?!K_GP^('_`(>[XW__`#Q:/99-_P!!^:?^&C"?_/OU_IZ'M,T_
MZ`\!_P"''$?_`#J/HBOP@^.GP:_X*&_M7_MN_M.^%?V>/^"HWCW]BKX6_`W0
M/@%I>F?#CPO^S5\$OC+9:SK'C_P)J7BC7/$,NO\`CX6.NV$TMQ;Q0'3_`+3?
M6N%\R`VP)B/ZK_\`#+'P:_Y\/B!_X>[XW_\`SQ:^8?V1O!>@>`?VS?\`@H?X
M>\-1:I%I<=W^RC=(FL>(O$?BF]\ZZ^#^KM,6U;Q3JNLZL\9*CRX'OF@A&5AC
MC4D'#$0R^-.^%Q6-K5>97AB,!0PU/EL[OVE/,L7+F3LE'V235VY*UGK1GC93
MMB,/A:5.S]ZCBZM>?-I9<D\#AU9ZWE[2ZLO==[KXM_X=D?\`!7K_`*6#OC%_
MX@5^RY_\LJ/^'9'_``5Z_P"E@[XQ?^(%?LN?_+*OWXHKB.H_`?\`X=D?\%>O
M^E@[XQ?^(%?LN?\`RRH_X=D?\%>O^E@[XQ?^(%?LN?\`RRK]^**`/P'_`.'9
M'_!7K_I8.^,7_B!7[+G_`,LJ0_\`!,O_`(*\+C=_P<(?&%<G`S^P7^RV,GT&
M=2Y/M7[\U^1__!3O2;SQ1XX_8T\)_;+U='U/XF?%;4]0T=?C7XU^!&CZO?>&
M_@+\1=:T$ZWXR\$ZWH5W+;Z7J]K;:K:Z1J=Q/I5_>VD$=S:3MY:T`?.?_#L[
M_@KJ93`/^#A+XO&8()##_P`,&_LM>:(R=HD,?]I[PA;Y0Q&TGC.:D_X=D?\`
M!7K_`*6#OC%_X@5^RY_\LJ/V=_VF-9T?P"/C#XJ\9:[IFN>$/V)!HVN^(/&.
MC:GXM=?'G@GXX>(OAYJFIPZ1975K/XTTZYUW0YD\-ZY;74!\8:`VEZT+Q(]2
M\P:WP[_X*'_'W4O#6O:E\0-2\):+H'P@_:4\7_"+XD>/](\#6VI:WK_A71?!
MOPW\5:)K]O\`#.W\=R76E6U]?^/CH.KWOA[6/%[:6ME;7DEKON+B&U`,G_AV
M1_P5Z_Z6#OC%_P"(%?LN?_+*FK_P3+_X*\-D+_P<(?&!B."%_8+_`&6SCZXU
M+C\:^J_V-_B1\:_&!_X*&Q?$_P"+EEXXA^'W[2'Q9\*_#G2+?PW!X;U?P;X2
ML/AYX*UK1(K>>#6+RYFTE&U>5;!I[6.7[='>W:WLGGBVM?#_`-F5]4_9C_9O
MTWXX6G@W7]&UCXG>*_`EGXH\8_$7X[_$/XL:9XAT_P`1^+[RSU/6H-$\9^-]
M?T_P$T,<H=(M*M=(LH\I"\1A1(E`.&_X=D?\%>O^E@[XQ?\`B!7[+G_RRH_X
M=D?\%>O^E@[XQ?\`B!7[+G_RRKN?A_\`M^?M"_&[]HW0?@9X$NOAAX:T;7?V
MD_VK_A[%XWN=`U'Q.LGPX_9TC\!7NE3Z99V^M:?::AK/BB'Q/>VLVI_;HK"W
MV1W,,,WE^5(>#/\`@H!\;="N?`/B/XQ^(/A]#X(^-?P-_:.^(?AIO#W@;6/M
M7PSU;]G;4?"-A=7>KA->O+OQI;^+4\:6,\&C6%GIL]A=V,EE'=W:7*7"`'#?
M\.R/^"O7_2P=\8O_`!`K]ES_`.65'_#LC_@KU_TL'?&+_P`0*_9<_P#EE6K\
M+O\`@H!^T7\0=2\5?!Z_\5_#;PAXCT_]IO1O@[IG[0?B?P,VG>&(/"NM?LX>
M&_C_`&EW??#Y/&LVG1^([V[\0'P=I=E/X[MXY[33[W5KDV^I1'1S[#\-OVQ_
MVE/'G[3^H_#NPL?`6K?#OP)\4/"GPJ\3K:V>G:;)XNT;6?A?X8\7ZC\7_#VN
MZAXMCU>"RDUG7M_AOPM8^$]8M=6T!4G/B&*[:2&$`\)_X=D?\%>O^E@[XQ?^
M(%?LN?\`RRH_X=D?\%>O^E@[XQ?^(%?LN?\`RRK]^**`/P'_`.'9'_!7K_I8
M.^,7_B!7[+G_`,LJ/^'9'_!7K_I8.^,7_B!7[+G_`,LJ_?BB@#\!_P#AV1_P
M5Z_Z6#OC%_X@5^RY_P#+*O./C%^P+_P5_P#A7\(OBG\3X?\`@OW\7]:F^''P
MX\<>/(M'E_84_9>L8M6E\(>&=4\0QZ9)>I=W36:7[:<+5[I;6Y:W64S""8H(
MV_H_KYX_:[_Y-/\`VG_^S>/C5_ZK;Q+0!F_L8Q_$E?V3?V=+CXP?$^_^,_Q.
MU3X/^!-?\;?%'4_#>A^$;_QEKWB/0+/7KO5+GPWX:2+0=)D7^T4L_L^EQ16K
M+;+,L432M&OTS7Y$_LY_\$[OA_J_[/?P(U:7X_?M?6DNJ?!KX7ZC+:Z?^T!K
MUI86TE[X(T.Y>WL;5=.9;:TA:4QVUNK%8852,$A<U[+_`,.W?AW_`-'"_MD_
M^)$>(/\`Y6U]-'+N&&DY<38N,FE=+A^J[.VJO_:2O9Z7LK[V/!>.S]-I9#AV
MKNS_`+9IJZZ.WU)VNNEWZGZ(T5^=W_#MWX=_]'"_MD_^)$>(/_E;1_P[=^'?
M_1PO[9/_`(D1X@_^5M/^S>%_^BGQ?_B/5?\`YY!]>X@_Z$&'_P##U3_^8?7^
MGI^B-%?G=_P[=^'?_1PO[9/_`(D1X@_^5M'_``[=^'?_`$<+^V3_`.)$>(/_
M`)6T?V;PO_T4^+_\1ZK_`//(/KW$'_0@P_\`X>J?_P`P^O\`3T_1&BOSN_X=
MN_#O_HX7]LG_`,2(\0?_`"MH_P"';OP[_P"CA?VR?_$B/$'_`,K:/[-X7_Z*
M?%_^(]5_^>0?7N(/^A!A_P#P]4__`)A]?Z>GZ(T5^=W_``[=^'?_`$<+^V3_
M`.)$>(/_`)6T?\.W?AW_`-'"_MD_^)$>(/\`Y6T?V;PO_P!%/B__`!'JO_SR
M#Z]Q!_T(,/\`^'JG_P#,/K_3T_1&BOSN_P"';OP[_P"CA?VR?_$B/$'_`,K:
M/^';OP[_`.CA?VR?_$B/$'_RMH_LWA?_`**?%_\`B/5?_GD'U[B#_H08?_P]
M4_\`YA]?Z>GZ(T5^=W_#MWX=_P#1PO[9/_B1'B#_`.5M'_#MWX=_]'"_MD_^
M)$>(/_E;1_9O"_\`T4^+_P#$>J__`#R#Z]Q!_P!"##_^'JG_`/,/K_3T_1&B
MOSN_X=N_#O\`Z.%_;)_\2(\0?_*VC_AV[\._^CA?VR?_`!(CQ!_\K:/[-X7_
M`.BGQ?\`XCU7_P">0?7N(/\`H08?_P`/5/\`^8?7^GI]$?M+_P#(H_#S_LXG
M]FS_`-7?X&KZ)K\Z9/\`@FG\++F6PDU#XY_M;ZJFG:IIFLVMKJOQZUC4+1-2
MT:^@U+3+O[/<Z4Z">ROK:"ZMIE"S6\\4<T$D<J(Z_HM7+FO]E4L'@,+EF8UL
MQ=*OCJU>=7`2P"I^WC@HTHQC+$8AU+^PJ.3O'EM'1WTWR[^T*F)QF(Q^"I8+
MVE+"4Z4*>,6+<_9/$NHY.-"CR6]K!15I<UV]+!1117A'KA1110`4444`%%%%
M`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`
M%%%%`!1110`4444`%%%%`!1110`4444`%?BE^T=^RO\`\%8K+]J_XS_&W]@[
M]I/]C[X7_#CXUZ!\)H?$OA;X^_"?Q_X^\5Q^)?AGX8O?#`OK'4?#E[8Z=::7
M>6ET'CM@9YBZEY&0X4_M;10!^`__``I;_@Y(_P"CU_\`@F3_`.(U_%[_`.7M
M'_"EO^#DC_H]?_@F3_XC7\7O_E[7[\44`?@/_P`*6_X.2/\`H]?_`()D_P#B
M-?Q>_P#E[1_PI;_@Y(_Z/7_X)D_^(U_%[_Y>U^_%%`'X#_\`"EO^#DC_`*/7
M_P""9/\`XC7\7O\`Y>UPOCO]D?\`X.`/BC8V6F?$K]IK_@DQX_T[3;MK_3['
MQE^R/\1O$EI8WKV\UH]U:6^KZC=Q6]P]K<3VSRQ*KO!+)$Q*.RG^C*B@#^<^
MY_9)_P"#@&\TRXT2[_:9_P""2USHMWX<C\'W6D3?LB_$232[CPG$VZ+PS+I[
M:@;1]`C;YH](:$V"'E8!7,6_["G_``70LX=)M[3XX?\`!'6V@T'4Y-:T6&#]
MBSQI%'I6KS);1S:G8)'<*MK?RQV5FDMU"$GD6TM@[MY$6S^E>B@#^=O3_P!E
MK_@X1TG5_$6OZ7^U3_P2DTW7/%X4>*]8L?V4/B9::EXE"1"%?[=O8-4CN-5*
MP@1`WTDY$8"9V@"N3^)O@#_@N7\$_A-XD\7_`!T_:!_X)G_$CX`>`]'_`+2\
M;_"GPO\`LP>.[6Y\0^'8KF*/^R='MM?U23PY;S?;;BWN4^VVYMU\MV`$A4U_
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MM+5=<LH52WU46T`OHY_*3;^^_P`*O^27_#?_`+$+P?\`^H]IU=[7FXJ,88K$
MPBE&,<16C&*V48U)))>22LCMP\G+#T)2;<I4:3;>K;<(MM^;>I_-5%^PO_P7
M4@\+W_@B'XY_\$>(?!VJZC::OJ?A:+]B_P`;1^']0U;3X8;>QU2]TE;H6-SJ
M-G;V\%O:WLT+W-O!#'#%*D:*HTE_8N_X+TIXFTGQHG[0O_!(9/%^@65CINA^
M)T_8Y\>)KVCZ?I=NUIIEGIFK+>"]L;;3K5WMK"&VFC2SMV,%N(XOEK^D.BN<
MV/P'_P"%+?\`!R1_T>O_`,$R?_$:_B]_\O:/^%+?\')'_1Z__!,G_P`1K^+W
M_P`O:_?BB@#\!_\`A2W_``<D?]'K_P#!,G_Q&OXO?_+VC_A2W_!R1_T>O_P3
M)_\`$:_B]_\`+VOWXHH`_`?_`(4M_P`')'_1Z_\`P3)_\1K^+W_R]KD_'O[,
M?_!Q?\1_`OC3X>>(_P!M?_@FH?#WCWPGXC\&:\+#]G+XNVM\=&\4:/>:'J@L
M[DZS*+:[^PWT_P!GG,4@AFV2&-]NT_T244`?/W[*/@#XJ?"C]FOX(?#'XV^)
MO"'C/XJ?#WX;>%O!?C/Q3X!TK4=$\'ZYJ7AK38='BOM!TO5F?4;.SDL+2S!C
MO&\YIUED(4.%'T#110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%
M`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`
M%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!7YP^(?
MC-^VE\0/VFOV@O@Y^SY%^R_H7@WX#V'P?6ZU7XR:-\5]:\3>(-5^)_@^]\5S
MM!_PA/B?1=*L]/TM;5;2))+>2YF9S(\F`!7Z/5\!_L\_\GT?\%$O][]DG_U3
MNL4`'V+_`(*D_P#0R?L!_P#A$_M$?_/`H^Q?\%2?^AD_8#_\(G]HC_YX%?;?
MBZZN+'PIXGO;25X+JS\/:U=6TZ'#PW%OIMS+#*A[/'(BNI[$"OYE?AA^TS^T
M3\"OADEQJ?CGXTWFL_&3]FFQ^(7@_7?BC\1;GXQ6EWXEG^,'ASPA\1_B'X;.
MK12GX=Z3\//"'CO2?$-OH.I)_8]S'#NC)ATJ]"@'['_8O^"I/_0R?L!_^$3^
MT1_\\"C[%_P5)_Z&3]@/_P`(G]HC_P">!7YM?M;^,?C'^Q/H_P`6_#WP<^.W
MQL^)-I\1/^"<7[<O[0^M^(OB/\0=:^(FJ?"?XF_!KP3X&N?A?XU\&ZIJDMRG
M@[3/$5_XL\1K9:':F'3;N\\-QW&E0DZ=?D?IQ^QCX8U3X5_`?6M<U\?M(Z_>
MWBIXQNK7XV_%+4/C3XRU,+X1T>YF7P3=ZIK%Z]AI-_+!.FG^'DN+53J9N)2J
M-=[J`,S[%_P5)_Z&3]@/_P`(G]HC_P">!1]B_P""I/\`T,G[`?\`X1/[1'_S
MP*\V_P""DGQ8\;O^Q+HGBCX7W?Q/^'&N_$3]IO\`8L^%4R:/JD_PW^)\7A;X
MJ_MJ?!7X1^.="TS7+.>XN?"FJ>*/"7B+7='L=:M;AIK*VU:'4(75PNWY@\$?
MMI_&/X7_``O^*/P]L?$UAK?QQ^%7[1?Q)\*R_#OXTQ^)_C!XYT_X8^$O`O@3
MXGP:"_BSP5KNA#7-1;P-XLTW7)_&WB;4;2W\,2>+-(T'5["_NK6T;4`#[H^Q
M?\%2?^AD_8#_`/")_:(_^>!1]B_X*D_]#)^P'_X1/[1'_P`\"O)+G]MWQEXA
M2QD\0:%IGPY\%_$W]F_2OB9\,(V@\3-XA\;>*->^$5U\4-7T#P]\1=$U:/1M
M#U;P?I]M.+G2M0T:QU>[T^%]8TR]<E(8^X_9T_:1^+OQC\3>#M"\,V?P\TCX
M=^"_A5^S]JWQ';QMJGB/5_B7X@U;XN^!4\06\GAK4WU:"W2+2UMO):_\06.L
MWGBO4);D17-O<6T[2`'1_8O^"I/_`$,G[`?_`(1/[1'_`,\"O(?CY\)?^"F?
MQF^#OC_X7:]KG[$=WH_C30GT>_MO"OA_XWZ%XAF@>YMK@KI.K^(?%VKZ+876
MZ!2)]1TV\MP@=3$7967!^*__``EWQC^(7[7VMZO^T!\5_@V?V4;#3+_X8^%_
MA[X\NO!&B22CP/JGB./Q;X[TBQFCB\=:-X@U6&.PM],\0I<:6%L+B""'S)CF
M#X(_M]_&#QI\0/@S\`=<\&>"F^(WQ!^#/A7XJMXMOM0O;/37L+CP8-1U'1=8
MT:*>";3_`!WK.LFVOM'TF*6."?P_/<:BMJL<28ZL#C*V78[!YAA^3V^!Q6'Q
ME#VD7*'ML-6A6I\\4XN4.>$>:*:NKJZW.?%X:GC<+B<'6YE2Q>'K8:JX/EG[
M.O3E2GRR::4N63Y6TTG9V>Q[1X9\.?\`!4/0/#?A_0K;Q%^P8EMHNB:5I-NE
M[X/_`&@;F\2#3;"WLXEN[BU\=P6MQ<K'"HGFMH(8)90[PQ1QLJ#;^Q?\%2?^
MAD_8#_\`")_:(_\`G@5\QZI_P5!\2W?P_P!6\3Z-X,\*>&+WPAIWA+PO\2;K
MQ>-=UBW^'_QE\6>*M4T@>$KOPWX2O;S7=;32?#NFIXHGTC2YY-;NK2_MQ&8H
MX;AQFW?_``4,_:<?PO\`#_3/#WP=T#Q7\4_&/@KQW\5[&ST;P#\0+30?%'@7
MPGXDFT'0-+TC2=>\5:9K_AO7O&:6K72:CX@N)HO#\5_ILVH:`\<C(<*E256I
M4JRMS5)RG*RLN:<G)V717>AM""IPA3C?EA&,(WU=HI)7\[(^KOL7_!4G_H9/
MV`__``B?VB/_`)X%'V+_`(*D_P#0R?L!_P#A$_M$?_/`KS3XM?MK?'7P-K^O
M:CI'PL\#0^!_ABW[-%S\4-&\3ZMK,?CQ[7]H'Q-X=\(ZAIWARXT^7^Q++4_`
MUYXB35I)-0M-0M]=@LI-*B33YY5U!.:_;+L/&WQ$_;"_9S^&VC>(_P!HZT\)
M2?`CXN?$/4?#/[/WQ>U+X1W%_KNC_$+X.Z1IFM^+KS3]3TP:[I6E:?K>HV4>
MESFX4G4YG6+&\F"CW#[%_P`%2?\`H9/V`_\`PB?VB/\`YX%'V+_@J3_T,G[`
M?_A$_M$?_/`KBO%?[=VO>%OB'\#O`$7@W0[K_A:W_!07X@?L77-S<:E>F]TO
MP[X%_9X^+GQJ7QI%&)LW&M75[\-].T:Z@E!LH[;6GN/+$WD$^?\`@+]LC]K/
MXD_#C]GGQ-H7@KX$:=XB_:=\(^,?'W@VVU*3QO/I/@SPWX,\#V'B*:W\1>1K
M,5UKNJZSJ0NX[;^SY=*M]-L]0LTG%]+IMS+J`![K]B_X*D_]#)^P'_X1/[1'
M_P`\"C[%_P`%2?\`H9/V`_\`PB?VB/\`YX%?,NJ?\%-O%LNC?L\^//#OACP5
M>:)X[\'?L_\`B+XP_#.WL?%>N^-/`UW\>/$0\,V(@\>6U[I?A#2["POX-3?1
M8]2T35-5\2PZ;<R"QTV/RW;8\5_M_?&SP=\%M-^.E[X*^'6N>'OC#\6M#^$W
MP3\+>%;3Q-K?BOPK?ZY\5KCX6P:U\44CUZ"VUJSM9K=M7U*TT)?#,NG74D7A
MZ>X-WFZH`^@OL7_!4G_H9/V`_P#PB?VB/_G@5P7Q4\7_`/!4'X6_##XC_$V\
MU3]@K5K/X<^`O&'CNZTJV\'_`+0MM<ZG;>$/#VH^()]/M[B7Q[)%;SWL6GM;
M1321O'%)(KNC*I4_6G[,GQ*^)GQ2^&2Z_P#%OP%+\/O&=AXAUCP_=V!L;C2K
M37;32_LQM/%.EZ/>ZGK.H:/INL)<,(--U#5+Z[MY+:8O.R/&`W]KO_DT_P#:
M?_[-X^-7_JMO$M`'2_L]>,?&GQ$^!7P@^(/Q$M_"]IXV\=_#GPAXR\16G@N/
M5HO"UG?^*-$L]<-IHJ:Y<WFK"SM8;Z*W#7US-,\D<C[MK*H]BKPK]EW_`)-F
M_9U_[(5\(_\`U`/#]>ZT`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1
M110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%
M%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`5^5T
MVF?MM?"[]LG]KGQY\'OV8/AE\5/AI\6[#]GJ?0_%_P`1/VEYO@Q/<:EX'^'F
MI>']?L=(T#1?@C\9+S4+:PNYXH[G4-6G\-OY[B.RL;^W#7B_JC10!^?T_P`6
M?^"C=U!-:W/["O[-$]O<Q203PR_M[^)WCFAF0QRQ2(?V)B&21&9'4@AE)!X-
M?/?@'X4?M%?"_P#X23_A`?\`@E9^Q-X8_P"$OTFYT'Q)_9G[:NLQ?VOH5ZLB
MW>C7>[]B)@^EW(ED\ZQ4+;R%R7C)QC]A:*`/QP\.?!S]H+PEX7^('@KP]_P2
MH_8GTSPK\5/#.H>"_B)HD/[;&N-8^+_".K:=<Z1J/AK6XI?V)'^VZ)>:;>75
MG/ILA-J\%Q*C1G>:^BK/XJ?\%&-/M+6PL?V$OV9K6RLK>&TM+:']O?Q/'#;V
MUO&L4$$2+^Q,%2.*)%1%``55`'`K]!:*`/S&^)>H?MO_`!D\'W_P_P#BE_P3
MJ_9.\=>#-4O-$U&^\-^)/VZO$6I:5<:AX;UO3_$GA^^>VG_8E9!>:+K^DZ9K
M.F7*XEL]1L+6[@9)H48>02?`_P".LOAO0?",G_!)S]AU_#GAG7M5\4:)I;?M
MHZP8+#Q!KL,=MK>K(W_#$7FO>ZO;10VVI32R2->6\$$$^^*&)4_9BB@#\A;#
MX<?M+Z9KD'B.P_X);?L6VVM6OA2W\#VM_'^VUK?FVWA.T\/1>$K?0[<']B,I
M!8Q>&((M`6*)4_XE"+8D_9_DK0C\&_M4P>+O!OCV#_@F'^QK!XQ^'V@Z1X7\
M&>(8/VWM=AU/P]X?T"!;;0M)TZXC_8D5HK+1H$6+3(>5LDRMOL!-?K510!^1
M?Q#\`?M/?%GQ5IWCCXD_\$N_V,?&?BW2XK:WL]>UW]MS7+W44M[.?[5:6\L\
MG[$FZX@MK@>=#%<>:D;\HHR:Y+XU^,_VHOA/X(\5?&WQ3_P3K_9#\/'P#=V'
MQ#G\:6G[5NO>/]:T36]$MX]#TO7[3PO#^RI\.[K7;W3["Z_LZULH_&_ASR[2
M0A+Y(XO)D_:&OBS_`(**_P#)D?[1W_9/I_\`TZZ97L\.X>CB^(,BPF)IJKA\
M5G.68>O2E?EJT:V-H4ZM.5FG:<)2B[-.ST:9YN<UJN'R?-L10FZ=:AEN.K4:
MD;7A5I86K.G-735XSBI*Z:NM4?E[=?LV?MH?$+X3^,M.MOV/OV>GG^-7QGM/
MVFM9\0W'[9\L%IKFOZA:"?2=)U[P3=?L1:OHUYX:MM-O%@&AZE<:O<6[)`9-
M8O+JU2]?O_A_^S-^T_X9^&^D?#SQK_P3J_90^*,&D>(O$OBBRO/%'[;VJ0V^
MCZEXLOOM^L6/A?1]+_8=LM+\,>'VD$<<&A:1;6]C'%#'NC>0&0_LS\*O^27_
M``W_`.Q"\'_^H]IU=[7FXJ,:>)Q$(*T85ZL(KM&-222^221V8>4I4*$I.\I4
M:<I-]6X1;?S9^6FI6W[96L0:Y;:K_P`$VOV0]1M_$T?@^'Q!!>?MR:_<1:O%
MX`OK+4O!<=^DG[$C+<KX:O\`3K&\T@2!OL<]K#)%M9`:ZB7Q9^WK-XMTSQY+
M_P`$^?V59/&>B^'=4\):5XF;]NWQ&=9T_P`,ZW?Z3JFK:%:WW_#$OG1:9J&H
MZ%H]Y=6BL(I;C3K25E+0H1^D=%8&Q^1<OP^_:;G^)Y^-,_\`P2W_`&+9OBM_
M;T/BE?'LO[;&M/XDC\2V_AZ7PG'KT6HM^Q$98M7_`.$:E?1'U",K<R::1:R2
M-$-M==HB?MG^&[+P+IN@?\$W?V1=(L/AEHVH^'?A_9Z?^W+K]M;>$=#U>Q33
M-3TO0HH_V)%33[*^L(TM+F"`*DL*A&!%?J-10!^.DGPA_:"DU3PCK3?\$I?V
M(?[4\!Z7H6B>$+Q?VTM7670=)\,7,MYX=L+#;^Q"%BMM#NKBXGTJ,AA8RW$[
MV_EM*Y,DGPF_:)FB\>P2_P#!*O\`8GDM_BA<-=^/K=OVUM:,'B>Z>^35'N-2
MA_X8C\N2=]3C347E14D:^5;HMYPWU^P]%`'YH>`=<_;K^%OAJT\'?#[_`()Z
M_LK^%/#-C)/-:Z-I'[>7B>VLX9KE@\\JQC]B<_O)6`+L22<#T%<U\>O&7_!2
MSX@?`SXS^`[']AG]G@WOC;X3_$7PC9C3?V[]=O\`43=>)/"&L:-;BPL=0_8[
MT.PO;TS7J?9;2]UO1[2YG\N&YU33X7>[A_52B@#P;]EG2?'OA_\`9K^`GA[X
MH^%;#P/\1/#OPB^'WA[QCX2TOQ(OB^QT#7="\+Z9I-[IT/B2/2M$BU8Q/9YF
MN(=,MX%G:2&![F&)+N?WFBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHH
MH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@
M`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"
MBBB@`HHHH`****`"BBB@`HHHH`*^+/\`@HK_`,F1_M'?]D^G_P#3KIE?:=?%
MG_!17_DR/]H[_LGT_P#Z==,KW^%/^2IX;_['^3_^K'#'D<0?\B'._P#L49E_
MZAUCZ6^%7_)+_AO_`-B%X/\`_4>TZN]K@OA5_P`DO^&__8A>#_\`U'M.KO:\
MG&?[YB_^PFO_`.G9'H87_=L/_P!>*7_IN(4445S&X4444`%%%%`!1110`444
M4`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110
M`4444`%%%%`!1110`4444`%%%%`!1110`5^2W[7_`/P55O/V6OVA+[]G3P9^
MP)^W?^V#XFT3X6^`/BMXJ\1?LG_"KPW\1?"WA#2/B5XB^)'AOPII'B6XOO&N
M@ZEI>M:C<_"WQ3=6\4VF_9+JSM]]I=SR07D5M^M-?`?PH_Y27_MM?]FC_P#!
M/7_U97_!0:@#X#_X?B?%C_I"#_P6<_\`$8O"G_SS:/\`A^)\6/\`I"#_`,%G
M/_$8O"G_`,\VOWXHH`_`?_A^)\6/^D(/_!9S_P`1B\*?_/-H_P"'XGQ8_P"D
M(/\`P6<_\1B\*?\`SS:_?BOS9\8?M>?'[PGX_P#CIK$/P:^'OB/]GGX%^)_#
MOA;Q%K.E_$+6X?C'*^I?8/[8UVV\&W_A"V\)7&E:2FHPW`@B\:MJ5Q;07#):
M>:J1.`?%O_#\3XL?](0?^"SG_B,7A3_YYM'_``_$^+'_`$A!_P""SG_B,7A3
M_P">;7Z@>%OVX?V=?&'CJ^\`Z-XNO6U"PB\0$Z[=:!J]IX,O;_PG:+?>*=#T
MOQ=/:KH>I:[X=M&\_5]+M+N2ZLT60RH-C8P-"_;W^"/B;2?'FK:%H?QGU(?#
M_1-,\1ZAI]O\%_B$VK:]HVNS7L.@7W@[3SH@N/%46NC3[B?3/[(2Y-S;!;A?
MW;!B`?F]_P`/Q/BQ_P!(0?\`@LY_XC%X4_\`GFT?\/Q/BQ_TA!_X+.?^(Q>%
M/_GFU^H?@G]M?X%?$;6OAUX?\$7_`(N\1ZM\2=*O-9T^ST[P/XEFE\,V.GZ_
MK'A2^;QZ/L`_X0N6S\3^'];T"[AUW[));ZII=[:RA7A854TG]K_P-X\T7P7X
MG^'#3R>&?$WQE\*_"Y-=\<:!XO\`"VF^)+?Q+%K`@U#X>71T&ZA\3RW5UI\2
M:=<N]EH4D/VI[G5K:1+>*<`_,?\`X?B?%C_I"#_P6<_\1B\*?_/-H_X?B?%C
M_I"#_P`%G/\`Q&+PI_\`/-K]-?"G[=W[-OC/Q=K_`(0T;Q?J:R^'K_XQZ-<>
M(M2\+Z_I?@O4?$7[/OB;Q%X2^,_AG0O%U[8PZ)K7B/X>ZMX5UP^(='T^[GO;
M2QL9K\Q&U1I!J_#3]L#X:?&+0?B9JO@'2?B!'=_#'PK9^+=6L/&_@#Q5X#^U
MZ9K>E:KK'A:ZT^?Q'IMDE]:>(M.TF74+"XM/.#Z?+#=8V2+D`_+7_A^)\6/^
MD(/_``6<_P#$8O"G_P`\VC_A^)\6/^D(/_!9S_Q&+PI_\\VOLS3_`/@H+$_P
M[_X)V?$S6O!5EHOAW]MKP?+XU\5R2:S<W,GPOTJ']E_Q;^T/-]A2'36/B)X)
M?#<?A^02#3LV]Q+?H&DC6VD[C3O^"@'P=\<Z,^H?#C5)8[FR\:_"G0[FU^)7
MAKQQX(_MCPM\5M1MK3PYXO\`!\<GAJ\O/$>CZXLTL'A[6;6U_L"\U&"2VN]4
MLT1Y0`?GW_P_$^+'_2$'_@LY_P"(Q>%/_GFT?\/Q/BQ_TA!_X+.?^(Q>%/\`
MYYM?J/\`LR_M:>&/VF]<^/6A>'O!/Q`\)3_`7XR^)O@[K%SXR\,ZAHMCK^H^
M&K+1;N;5-$N[F)89X)_[83;9LRWL5NL-W+"EO>6SR?6-`'X#_P##\3XL?](0
M?^"SG_B,7A3_`.>;1_P_$^+'_2$'_@LY_P"(Q>%/_GFU^_%%`'PC_P`$_P#]
MN>V_;X^&'COXFVG[./[1?[-"^`OBSXO^#U_X/_:4\(:-X-\7ZEXC\!M:6'BZ
MZTNPT/Q%XDMI=.T#Q0^K>"]5\^[M[VP\5>&M?TJZM(I;$EONZOSU_P""?NJZ
M7HWPE^/MYJ^I6&E6G_#?_P#P4'B^U:E>6]C;>:_[8OQE*1^?=211>8X5BJ;M
MS!6(!P:_0"YOK*RM)+^\O+6TL88_.FO;FXB@M(H>/WLES*Z0I'R/G9PO(YYH
M`M454M[^QN[./4;6\M+G3Y8OM$5];W$,UG)``29H[F-V@>(`$^8KE,`G/%1Z
M=JFF:Q;"]TG4;#5+,NT8N].N[>]MBZ8WH)[:26(NF1N4/E<C(&:`+]%9UCK&
MDZH]W%IFJ:=J,EA,;:_CL;VVNWLK@,ZF"[2WED:VF#1R*8I@CAHW&W*M@M]8
MTF[OKK3+75-.N=2L0&O=/M[VVFOK-6V[6NK2.5KBW#;TP9HT!WKC[PR`:-%9
MS:OI*:BFD/J>G)JTL1GCTMKVV749(`"3,ED91<O$`"3(L10`$D\47FL:3I\]
MK:W^J:=8W-\_EV5O>7MM;3WDG]RUAFE22X?_`&85=O:@#1HK/U'5M+TB*.?5
MM2T_2X995@BFU&\M[**29_N0QR7,D2/*_P##&I+MV!J2\U"PTZTDU#4+ZSL;
M"%5>6]O+F&VM(D=E5'DN9G2%%=G559G`9F4`DD9`+E%54OK*6S&HQWEK)I[6
M_P!K6_2XB>S:U">;]I%TKF`V_E@R><'\O8-^[;S3-/U+3M6M4O=*O[+4[*1G
M6.[T^Z@O+61HW:.14N+:22)FCD5D<*Y*.K*V&!%`%VBL[3]7TG5OM!TK5-.U
M,6<YMKO^S[VVO/LMPO+6]Q]FED\B=>\4NV0=UHM]8TF[O;O3;35-.NM1L`IO
MK"WO;::]L@VW:;NUCE:>W#;EV^=&F=RXZB@#1HK.;6-)34H]&;5-.76)83<1
M:4U[;#4I+<!R9X[$RBZ>$"*0F58B@$;_`#?(V"[U?2;"XM+._P!4TZRN]0?R
MK"UN[VVMKB]D!`,=I!-*DMR^2!LA5VR0,<B@#1KXL_X**_\`)D?[1W_9/I__
M`$ZZ97V'J.K:7I$23ZMJ6GZ9!)(L,<VHWEO9123.<)$DES)$C2,>%1268]`:
M^.?^"BLL?_#$/[1;>8FV7X?RB-MZ[9"^J:84"'.'+CE=N=PY&:]_A3_DJ>&_
M^Q_D_P#ZL<,>1Q!_R(<[_P"Q1F7_`*A5CZ9^%7_)+_AO_P!B%X/_`/4>TZN]
MKSKX67=JOPG^'5X;FW%I'\/O"4SW1FC%LD4?AVP,DKSEO*6.,*Q=RP5`I+$8
M-=QI^I:=JUJE[I5_9:G92%ECN]/NH+RUD*,5<)<6TDD3%&!5@KDJP(."*\G&
M?[YB_P#L)K_^G9'H87_=L/\`]>*7_IN)=HK.T_5])U=9VTK5-.U-;68V]RVG
MWMM>K;W"@,T$YMI9!#,JL"8I-K@$$K@BBWUC2;N]NM-M=4TZYU&QVF^L+>]M
MIKVSW<+]JM8Y6GM]Q^[YT:9[5S&YHT5G'6-)74ET9M4TX:P\)N4THWML-2>W
M`8F=;$R_:FA`5B91$4PK?-P:+G6-)L[RTTZ[U33K74+_`"+&QN;VV@O+W:0&
M^R6LLJSW.TD`^2CX)`/)H`T:*S]1U?2M'A2XU?4]/TN"658(IM1O;:QADG<$
MI"DES)$CRN`2L:L78`X!P:EO=0L=-M9+[4;VTL+*%0TMY>W,-K:Q*<`-)<3N
MD2*20`6<`Y&*`+=%5%O[%[,:BEY:-IYA^T"^6XA:S-OC=YXN0Y@,.WYO-#[,
M<[L4VPU+3]4M4O=,O[+4;*3<([NPNH+RU?:<-LN+=Y(FVGAL.<'K0!=HK.T_
M6-)U=9WTG5-.U-;68V]RVGWMM>K;W"_>@G-M+*(IE[Q2;7'=:+36-)O[J\L;
M'5-.O;W3G$>H6=I>VUQ=6+DE0EY;PRO+;.65@%F1"2I&,@T`:-%9PU?23J3:
M.-3TXZND/VA]*%[;'4EM_D/GM8B7[4L/[Q/WIB"?.GS?,,EUK&DV-U9V-[JF
MG6=[J#%+"SNKVVM[J^<$`K9V\TJ37+`D`K"CD$@$<B@#1HK.U+6-)T6&.XUC
M5-.TFWFF6VBGU*]MK"&6X=7=((Y;J6)'F=(Y'6)6+LL;L%(5B)KZ_L=,M9;[
M4KVTT^R@"F:\OKB&TM80S!%,MQ</'%&&=E12[C+,%')`H`MU^".J?\%S/$;^
M(_&VF?#W_@D?_P`%7/C-X4\(?$3XC_#FR^*/PJ^`/@_Q1\.?&M_\,?'?B'X=
M^(-8\'Z_%\281J>BOXB\,:K;VT\D%O<KY#PW=M;74<T$?[Q_VA8?81J?VVT_
MLTVXNQJ'VF'[";0IY@NA=[_(^SF,B03>9Y93Y]VWFO@K_@F)-#<_LAZ1<6\L
M<]O/^T!^VQ-!/"ZRPS0R_ML?M"O%+%*A9)(Y$97CD1BKJ0RD@@T`?`__``_$
M^+'_`$A!_P""SG_B,7A3_P">;1_P_$^+'_2$'_@LY_XC%X4_^>;7[\44`?@/
M_P`/Q/BQ_P!(0?\`@LY_XC%X4_\`GFT?\/Q/BQ_TA!_X+.?^(Q>%/_GFU^_%
M%`'X#_\`#\3XL?\`2$'_`(+.?^(Q>%/_`)YM'_#\3XL?](0?^"SG_B,7A3_Y
MYM?I?\)OVO-*\=_"OXR_%7Q#X1UW2],^$GQ\^-_P5?2/"NG:IXVU_71\(OB?
MK?PXMM6T[1='L7U&XN]?DTE+_P#LVUMYS:?:#&9I$B,A\E^*7_!3'X#^'_@!
MXD^+/PXOM?\`&OB)/`'QO\0^'_"=IX*\57>I:#X@^"J:[H?B>T^*6F66G2ZC
M\/\`2?#WQ`TAO!_B?4?$$5E#I>J1W=K*ZRV\H0`^*O\`A^)\6/\`I"#_`,%G
M/_$8O"G_`,\VC_A^)\6/^D(/_!9S_P`1B\*?_/-K[L\!_MR:-#HWQ#\8_&1M
M-\*>$_"GA/\`9<U#2?[&M=0U76-9\6_M#^%+&]L?"FE:;;I->ZWJ^H>*]3T_
M0O#6G:?;->7TES''Y;2-D>M>)/VL/"$W[*?Q>_:<^&MM/XFM/A?X#^)WB.?P
MMXAM]0\*:M;>*/AIH^J7VJ>#?%5A?6;:KX:U2"]TY;34(+JP:ZM(YX[@6\BO
M&'`/RY_X?B?%C_I"#_P6<_\`$8O"G_SS:/\`A^)\6/\`I"#_`,%G/_$8O"G_
M`,\VOT#_`&?_`-K#Q-JN@?#F#]IB[^!7AGQ]\:/&&I^%_A7HWP)\<>,?B3H>
MJW&C?"_7/BMJ^EZYJOB3P-X+GT?Q!IOA?PIXFOY[46=Q8O!81)%>M<SI`>E3
M]OS]FJZN_!-CI7B?Q!KMUX]\/>)O&.C1:%X+\3:K]C\&>#/%5QX+\5^,?$#V
MFG2)X?\`#&@>(K9['4M8U5K:TMS)!*S^7/$S`'YK_P##\3XL?](0?^"SG_B,
M7A3_`.>;1_P_$^+'_2$'_@LY_P"(Q>%/_GFU^DW@S]OG]GOXA>$?$'C/P9=^
M/M?T[0_"OA[QS9Z?8?#7QE)XA\8>#?%<,4OA[Q1X$T$Z4-3\8:'J;S1VT&HZ
M)!=6XNF$#NLA`J>#]N[X"W^B_#;5]&?X@^(;KXGW5Q;Z3X7\/?#7QAK7C+P]
M%IUZNFZUJ/CKPO8:7-J_@S2]`U!TLM;U'7K:TM=.N76*XD1C0!^:7_#\3XL?
M](0?^"SG_B,7A3_YYM'_``_$^+'_`$A!_P""SG_B,7A3_P">;7ZJ?#O]LCX"
M_%'XEO\`"CPCXFU"Y\4S1:Y+H4][H&K:;X?\8#PNT2>)T\&^(;RVBTOQ-+X<
M>:)-;BTNXG?3VD47`7-?4E`'X#_\/Q/BQ_TA!_X+.?\`B,7A3_YYM'_#\3XL
M?](0?^"SG_B,7A3_`.>;7[\44`?@/_P_$^+'_2$'_@LY_P"(Q>%/_GFUV_P`
M_P""VNC_`!A_:Z_9_P#V./B5_P`$^_V__P!DKX@_M+6OQ9N_A9XB_:@^%7@[
MX>>$=<B^"_P\U+XC^./LLT7Q`U76M1.G:39V%C*=)T>_%IJ7B#0TOS:6UY]I
M3]P:_`?]OS_E.]_P;]?]B_\`\%7O_67/`M`'[\4444`%%%%`!1110`4444`%
M%%%`!7X%_M'_`/!1[]GW_@GE_P`%+/VAI_VA="^.DUE\9/V1_P!BY?`^I_"K
MX$_$?XLZ7<S_``[^)?[;`\56FI:CX*T34[32KVQ7QQX;ECM+R5)YX;[S438A
M)_?2B@#\!_\`B)+_`."<?_0%_;(_\0P^/G_S)T?\1)?_``3C_P"@+^V1_P"(
M8?'S_P"9.OWXHH`_`?\`XB2_^"<?_0%_;(_\0P^/G_S)U^<_C7_@K;^Q;XR^
M)WQ2O#\>/VS]#^`'QD\1:+XH\>_!W2O^"<'QI3Q1J6HZ/]@9K&U^*TL3W-CH
MVI2:=`M_:1^%'G>U:6VCND\PRC^Q"B@#^,/1?^"GG_!./X4W/Q>U7X57'[3-
MW9^*--^+6K>!/#.O?\$[_C<OBOP_XM^(F@ZA;QV4/Q2ETVZEM]'@U6XC$,LG
MA::>&R80W+7*1$O\Y_`+_@IY^S)HG@SQ;\-_$NL?ME_#S0]5B^%GBA?%5]^Q
MK\?/&7BC6_%W@ZXU/^T_!6M+IVN:E)JOPJ%A)IP@T:/5O"B#4XI+B/3YK62Y
M@N/[R**`/XR/!W_!3+_@GAX+/P4L=+^)?[8%KH_PB^(GB'XCR7.D?\$Z/CIH
M'C#6+[Q%\2?%/Q&U'PY8^*=.P^D^"]1E\0V_A_5_#%[8:[I][I-E<R1K;7^H
MFYM>J\!_\%6/^">/AO6[_P`0>(?B!^V-JMS>?'#X5?&>+0O"_P#P3Y^/'@WP
M58WGPPMO$,;6^G>$UM]:L-+UCQC/XBEF\4:SI+:?:W0TS2=FC+/!/<W/]AM%
M`'\6GBW_`(*=_P#!/71/@C=^%_AUXE_;3UCQSX3^)W_!0[XY^!X]3_8A^-VB
M6>L^,_VXM2_:1\1Q^%=0U%O#&H1Z/IW@C5?C_)866MFTOFU"'P];W5[8VXNY
MHHM7]@K_`(+1_L;?`?0?BQX`^)7A;]KQ_`7C#PWX(M-/O]7_`&0/CUJWQ"U3
M6H/#^IZ!XFL-4U>VN?'"2^%-&TA=%L/#5JVIZ>;*Z?69+335@NVN9O[-J*`/
MXT_#O_!3#_@FO9>'/A5X!\4_$#]M/Q-\//V=/`WBOP'^SCH,/_!/WXYZ/J7P
M^T_Q-\/-9^$]M=Z]K265ZWC.Y\._#W7M1\-Z6L]GI:21R)>W.;B,`]GK'_!5
M?_@F3JZ?#R)_%7[;D"?#_P`'?L^^$(&3]A/XXNVI1?`/6M*UFQO9@=!`MY/$
M3Z6L%U$AD6Q69GA><J`?Z^:*`/Y;/@)_P7$_X)U_`GQE\?\`6[#6_P!LO7_#
M7QR^+>L_&4^'+K]A+X[6=[X8\4>(M)T#2-9@BUR+0I6U33)H/#MD]I!+86LE
MK(\V990PQ]-_\1)?_!./_H"_MD?^(8?'S_YDZ_?BB@#\!_\`B)+_`."<?_0%
M_;(_\0P^/G_S)T?\1)?_``3C_P"@+^V1_P"(8?'S_P"9.OWXHH`_$?\`X)8>
M/?V?_P!O?]F#X_O>_#SQ;KG@5?V\_P!KCQE'X>^,?PV\5^`+FXA^)?QK\9_&
M+P'K-MHGBFSTJ_N4F\!_$O1)IIXHWBL-4N-1TB<B^TZY2/\`8WQ/X&\)>,_"
M.H>`O%.@V.M^#M6T^+2M2\/WJR/I][IT+0M'9SHLB.\`,$64W_,$"ON4L#U=
M%`')>'?`G@_PGX-L?A[X<\/Z?I'@K3-*DT2P\.6D;KIMII,JRK)I\,3.[+;,
MLTJ[-YVJY52``!G?#CX6_#[X0^&_^$/^&?A/2O!OA@7USJ0T31HI(;%;Z]2%
M+JX2*2278\ZV\/F!"%)3=MW,Q/?44`><^!/A%\-/AC?^+M3\`>#=&\*W_CS6
M#K_C&ZTF!X9?$.M-/?7+:EJ):202733ZE?2LZA,O<RD@Y&$\/_"'X:>%?'/B
MGXF>'?!FC:1X]\;016WBSQ39PR)JNO00?9?)CU"4RLDJQ_8K39B-2!!&`<`Y
M]'HH`\YN?A'\-;SXC67Q<NO!VC3?$K3M+;1;'QD\,AUJUTIT>-["*<2A%MW2
M1U9/+.0QR>E-\8_"#X9_$'7_``MXI\:>#='\1>(?!-T;WPGJVHQ2R7>@W9<2
M&XT]DE18I2P!+E6)Z=.*](HH`\]^(WPI^'/Q<TFRT+XE>$-'\8Z1IVI0:O8V
M.LPO-#:ZG:Y^SWT'ER1,EQ#D^7(&RIY'-:/B_P"'_@OQ_P"$+[P#XS\.:=XC
M\&ZG:VMEJ'AW4XWFTZ[M;&:">T@GC#JSI!-:V\J`OG?$A).*[&B@#D[#P-X1
MTSP5#\.=/T"PM?`]OX=;PG#X:B1QIL?AM[%M,;1UC+E_L9L':U*>9N\IB-V>
M:K?#[X<^!OA3X8L_!?PZ\,Z7X0\*V$][<V6A:/$T%A;3ZC=RWU])%$SR%6N;
MR>:XE^;#2R.V!FNUHH`\W^'?P@^&?PE7Q"GPW\&Z/X07Q7JS:[XC&D12Q?VQ
MK+*ZOJ5[YLLOFW;B1P\W#/GY\X&%\/?"'X:>%/'/BGXE>'/!NC:/X[\;Q1P>
M+?$]E#)'J>OQ1&V:)=1<RF.;RS9VVQO+5D$0"D`L&]'HH`\XN/A%\-+KXE6'
MQBN/!FBS?$_3-(?0+#QJ\#G6[71I(KZ%]-BG$@06K1ZE?J4,9XNI3G+9"^+O
MA'\-?'OB/PCXN\8^#=&\0^)?`5XVH>#=9U&%Y+WP[>O)%*USILBR((I3)!"Y
M8JW,:^^?1J*`//?B+\*/AS\6]+L-%^)/A'2/&.E:9J4&KV%AK$4DUO:ZG;'-
MO>QI'+%^_A/,;,3M/(&>:^8/^"BFF6`_8;_:`M!:Q?9],\`*UA%@E;5K/4=,
MBM6BR<@PQ_(A)/'7-?<-?%G_``45_P"3(_VCO^R?3_\`IUTRO?X4_P"2IX;_
M`.Q_D_\`ZL<,>1Q!_P`B'._^Q1F7_J%6/=/A9X3\./\``KP#X-?2+5_#%Y\,
M?#NDW6C.)'LY]-U+PW:I?6<H9R[0W27,Z2J7R5D8`@=.I^'WPX\#?"GPQ9^"
M_AUX9TSPAX5T^:[N++0M'B>&PMIKZX>ZNY(HW>0J9[B1Y7^;&YC@`<5!\*O^
M27_#?_L0O!__`*CVG5WM>3C/]\Q?_837_P#3LCT,+_NV'_Z\4O\`TW$\Y^'G
MPC^&OPFAURW^''@W1O!\'B75Y=>UZ+1X9(5U769XXX9M1NP\DGF74D44:-)Q
ME448XIOAWX0?#/PEXV\5?$CPWX-T?1_'7C<*OBWQ/:12KJFO!)1,@U"5IG24
M1R@-&`BB/[J;5)%>D45S&YYQ/\(?AI<_$JS^,4_@W1I/B?I^D/H-GXU,,@UN
M#1GANK=]-6=90C6AAO;I/*>)A^]+#YU1E/$_PA^&GC/QAX1^('BCP;HVM>-/
M`4KS>#O$EY%*VI^'I9)HKB1M.F25!'YDT$3R*RNK[`K`J2#Z/10!YY\1_A/\
M./B]I-AH7Q,\'Z/XSTC2]5M]<T_3]:@>>WM-6M4EBMK^)$DC(N(4FE5&)(`<
M\9P1I^-/`'@SXB^%;[P1XX\/:?XE\)ZE%#!?Z%J:22V%W#;LCPQ3HLB-(B,B
M':7P=HW9KL**`.2M/`?@^P\&1_#RT\/Z?!X)ATAM`B\-I&YTU-&>-H6TX1,Y
M;[,8G:/9OX4X!`Q5;P!\./`WPL\,6_@SX>^&=-\)^%K26XFM=#TE)(K&WDNV
M#7#11R22%/-8`LJL%!Y`%=M10!YS\._A'\-?A-#KMO\`#?P;HW@^#Q/K$NOZ
M_%HT#P)JNLS`K+J-T'DDW7,@)WNNT'/(S2>$_A%\-/`OBGQAXV\(>#=&T#Q7
M\0+F.\\::[I\$D=_XCNHI9IXY]2D:1UEE6:XFD#*B',C9XP!Z/10!YS'\(_A
MK%\2+CXP1^#=&3XFW6D+H%QXT$+_`-MS:,J6L:Z<\_F;#:A+*T'E^7_RPC.<
MC-)XM^$/PT\=^)_!_C3Q?X-T;7_%?@"[-]X,UZ_AD;4/#MVT\-PTVFS1RQ^4
MSS6\+N&#J^P*RE2RGT>B@#SCXF_"+X:?&71M/\._%+P9HOC?1-*UB#7].TW7
M())[:SUJVM;RQM]2@6.2(I=0VFH7L$<F[*QW,H`^;-;7CGP'X/\`B9X6U3P3
MX]\/Z?XI\*:TMNFJZ%JL;36%^EI=07UNMQ&KHSB*[MH)U&X#?$N<C(/6T4`<
M?_PK_P`&?\(*/AG_`,([IW_"!+X>7PF/"WEO_90\-K9C3UT81;]XLEL0+58Q
M)D0@*&XK^:3]E#_@M#^P]^Q%\)M7_95^)7@[]J+0O&'P;^/?[67AZ]TGP9^R
MC\:?%GA2RTS4/VJOC/XC\,1Z!XCT7PU=:5JVEMX6UK1I+6ZL;B:#RW$:R,4)
MK^HNB@#\!_\`B)+_`."<?_0%_;(_\0P^/G_S)T?\1)?_``3C_P"@+^V1_P"(
M8?'S_P"9.OWXHH`_`?\`XB2_^"<?_0%_;(_\0P^/G_S)T?\`$27_`,$X_P#H
M"_MD?^(8?'S_`.9.OWXHH`_BE?\`X*=?LFV'_"X?"'A;]J']LKP_\%OBA\:?
M&WQYL_A[%_P3.^.O]O:1XT\=?%6+XK:SI>K^/]/U;2M2\1>#;C4YM6TJYT)-
M-T>2\TR^@AN+YXK6:"\YWP]^W=_P3E\$?#_Q1X-\"?&']M#PYJ/Q*\-_M,^"
M/BAKG_#NCXVWUOK?@W]IKXI>+/BMK^E>&=&EB2'PI=^%]8\;>(]/T#43=:P[
M6%[%]L@FDM8\_P!OE%`'\<'C/_@IA_P2[\8_#WQ+X,NO$O[::ZA>R_LM:UX6
MUB]_8+^..I6.@^+/V5['3K;POJ6JZ"VB6T/B+2/$KV#Q^(-$DO;#%E>W$-G?
M13K!=1^UVG_!:+_@F])^RS\4?V;-5N?VI[4_%3PK\1_#6L>*/!/_``3R^./@
M_3[-_B'I%YH]SJL'A1=-U:*YO[*&Z666>YU8R:E)"OG-",`?U:44`?R4_%[_
M`(*]?\$S/&VF_L]3_#74?VN/A#XR_9Q\8W?C'PCX@TO_`()[?&35=(U>^UKX
M2^+_`(+^)!XA\,0^']#AO)M2\'>.-;:UNAJ"S6.JK8W)^TQ6YADXSX0_\%1_
M^"9/PG\.P:!#XS_;AU\Q?L^?%3X!R7]W^PA\;K.6>U^*'Q(NOB+=^)WB@T*6
M-;W3;FZ;3HM/4^1<1+Y[3QL?+']A-%`'\8>J?\%)/^"<C>!?AAX5\+_%[]O/
MPKJ?PN_9Z^$OP"LM8LOV$?CK]E\2:;\*M3\,:DEUXGT^VTRQN;O1O%0\-)9:
M_P"'+/5+'S+2[D2+55V#?I?#_P#X*B?\$_\`X1ZKX+\7_"_XJ_MB>&O'VA:;
MXR\+^)M<N?\`@G3\=-6T7Q)X,\;^)[3Q=J6AZ?X9E^SP>';NRUFV9].UB.^U
M&Y2&013I,%(;^RJB@#^/S]F7_@JC_P`$Q/V9_'2:_H4W[3>O^&](N?&]SX1M
M=0_X)Q?'&/XA:%_PGFH?VEK-O)\2I8+Z\NX'N6E$WEZ+:27MN8+>X?R[://Z
M%_\`$27_`,$X_P#H"_MD?^(8?'S_`.9.OWXHH`_`?_B)+_X)Q_\`0%_;(_\`
M$,/CY_\`,G1_Q$E_\$X_^@+^V1_XAA\?/_F3K]^**`/P'_XB2_\`@G'_`-`7
M]LC_`,0P^/G_`,R=?$%Y^W]\%/\`@HW_`,%PO^",/B;]F[PI\?'\._`#1/\`
M@HU#\3M<^)OP$^)?PLTG1)/BE^S%8VO@Q8M1\8Z%I]G=_P!I77@O6[5O*F_<
M7(LH'_>W]LK_`-:]%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444
M`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%?'_P`4_P!O
M7]E/X+_$/6_A1\0OB;>Z;\0?#>GZ'JGB#PWHGPW^*OC:XT6R\2VDE]H,NIW?
M@;P/XDTVR?5;.&6ZM+>XO4N7@0R&$+S7V!7P'^SS_P`GT?\`!1+_`'OV2?\`
MU3NL4`'_``\^_8H_Z*AXN_\`#`_M%_\`SIJ/^'GW[%'_`$5#Q=_X8']HO_YT
MU??E%`'P'_P\^_8H_P"BH>+O_#`_M%__`#IJ/^'GW[%'_14/%W_A@?VB_P#Y
MTU??E?./[0WQZU'X.Q^!/#7@KP#<_%7XN_%G6M<\/_#+X?1:_:^$[#5;WPYX
M8U/Q7K>J>(_%=Y8ZK#X:\-:3I^G1P7VJKI.J3#4-5TBRAL9&O?,B`/$?^'GW
M[%'_`$5#Q=_X8']HO_YTU'_#S[]BC_HJ'B[_`,,#^T7_`/.FKT?5?VO_`(=?
M"_PYX-E_:3EM_@=X_P#$MGJ5]JG@5[C5OB`GAG3=+UF[T:;Q-J_B3PGX>ELM
M*\#3-;)>0^,_$MIX=T6.WF9+N:VFL[Q(>KU']K/]GG2OB;I_P>O/B9I*_$'4
MM8M/#UOHT%AKEW:1Z[J?A[2/%6BZ/>^(+72YO#FGZEXAT+7M)O?#=G>ZM!-X
MB:]CM-%2^O4EMHP#PW_AY]^Q1_T5#Q=_X8']HO\`^=-1_P`//OV*/^BH>+O_
M``P/[1?_`,Z:NA^&_P"W3\*OBZ?#L_@1;G^S]3^,_C7X,ZO+XR@U_P`%7MEJ
MW@RT\9W$]]H%EJOAIH_%#WS>#+V5=,@N["XT^PD>?4YK2[@&GS=YH/[9_P"S
M!XGF\7P:+\8/#=V_@7PW/XP\2-)!K-G%;^%K/4$TG4-?TZ:^TNVCU_2M+U66
M'2]6O?#[:G!I>HSP6-^]O<S1Q,`>1?\`#S[]BC_HJ'B[_P`,#^T7_P#.FKYL
M_;!_;L_9F^-O[,WQC^%/PN\7>-?%GQ`\<>$I=&\+>'+;X&_'FPGU?4WOK*X6
MUBO-8^&>G:9;L8;>9_,O+VWAPA!DW%0?T(\5?M8?L\>"X?&\GB+XH:':3?#H
M>$QXOTZVMM8U36M-G\=6=UJ'@VRM]"TK3;W6-8U'Q+:65U-I&G:+9:A?78@=
M4M]XVU>\-_M._`CQ;HOA_P`0:%\1=)N=.\3Z#XG\2Z1]IL]8TV^?2/!5BNI>
M+9;[2=3TVTU32+KP[9,)M5TS5K.RU.U!"O:;_EKNRO'2RS,\NS*--599?CL)
MCHTI2<(U983$4ZZIN23<5-T^5R2;2=TG:QR8_"K'8'&8*4W36,PF(PKJ*/,Z
M:Q%&=%S46TI.*GS)-J]K71\I>!/^"DW['7A[P/X-T#6?B-XPL=7T/PKX>T?5
M;)_@+^T-*]IJ6F:19V5]:M)!\*I8)&M[J"6)GAEDB<H6CD="&/5?\//OV*/^
MBH>+O_#`_M%__.FKZ(\-?M*?!3QCXLT+P1X4\;1>(O$/B/P]8^*M+@T?1?$=
M_IYT+5+;[9IEY?ZW!I#Z+I#:E:?Z586NK:A97EW!^]@@=.:\A\2?M0_$2^^-
M6M_"WX)?`>7XN:#\--=T+0/C=XWN/B'IW@@>"K_Q#I5AKEK9>%M#O_#^K/XZ
MU*PTG4;6]U:U74M`AM@_D1W<TP('+6J.K5JU6N5U:DZC2UMSR<K7ZVO:YT4H
M>SITZ=[^SA"%[6ORQ4;VZ7M<Y7_AY]^Q1_T5#Q=_X8']HO\`^=-1_P`//OV*
M/^BH>+O_``P/[1?_`,Z:O9K/]K_]GB[UOXA^''^(2:;K?PLTZ;5O&=CK7AKQ
M?HGV;3+9K.*\O]"N=6T"SM/&=G9W>H6.GW5SX,GU^&'4;NUL'875S;Q2\1?_
M`+=?P,MOC/\`!7X$VD_B^[\:_'WX7_$SXJ?#^6X\">--)T9M'^&6O^"O#>HV
M/B&]U+P]!/X=OM0U/QK;K`=2LXX+"#3KB;57LQJ&A+JF99R'_#S[]BC_`**A
MXN_\,#^T7_\`.FH_X>??L4?]%0\7?^&!_:+_`/G35TV@?MZ_L\)\/O@OXM^(
M?Q"\)^$-9^,7PT^%?Q,LM)T.]U_QQX?TW0/BQ;WR^'=>/C#3/"]G9+X%GU72
M-8TV'QWKUCX;T5?L<5QJG]D?;K2*3U:;]J7X#P?%JV^!C>/H)/B?>:VWAFV\
M.VNA>*+VWE\21>'AXMN?#Q\16>B3^%XM<L?#+)KNHZ5-K,=[I^F21W=Y##&P
M-`'@?_#S[]BC_HJ'B[_PP/[1?_SIJ/\`AY]^Q1_T5#Q=_P"&!_:+_P#G35]^
M44`?`?\`P\^_8H_Z*AXN_P##`_M%_P#SIJJWW_!4S]AO3+*\U+4OBYXDT[3M
M.M;B^U#4+[X$_M#6EE8V5I$]Q=7EY=7'PIC@MK6V@CDFN+B:1(H8D>21U168
M?H-7SQ^UW_R:?^T__P!F\?&K_P!5MXEH`]1^&_Q&\&_%WP'X4^)OP\UG_A(?
M`WCC1;/Q%X5UT:?JFEIJ^BZ@GFV6H1V&M6.FZK;Q746)85O;&VE>)DD$>QT8
M]M7A7[+O_)LW[.O_`&0KX1_^H!X?KW6@`HHHH`****`"BBB@`HHHH`****`"
MBBB@`HKQ_P"/_P`8=*^`'P8^(OQFUO2[O6M*^'?ANZ\17NFV<T=I)<QP/%"/
M/OYHYH=,TZ&2=+C5=6GAF@TG2XKS4IXI(K5T;Q/PA^T[XNU/7_@/H?C7X?\`
MAKPG+\8(?BS>W5SX;^(%G\2=!M=(^'7AZRU_3=;\.^*M%TS2['7-/UZ"[9'V
MZ>CVLD$L2&8JLK@'V917Y^_$+_@HO\!/#?ARP\3>$/$D7BFRT[XP?"KX:_$&
MRO-$\7^']?\`!^C_`!/\12Z'IWBX>%]7\/V/B75M,N4L=7G\/7>EZ3>6/B2?
M2-0M-(N+RXM9XX_:]'_;!_9W\0:7\.=7T7Q^VI0?%::^@\%VEIX4\:2ZU=R:
M5=06.KC6/#P\._V[X571KZZMK+6)/%.G:-'IEU<007KPO-&&`/I>BBB@`HHH
MH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@
M`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"OR2\(?M._LV?`;]O
MG]OW2/CE^T)\#O@SJVO6G[)^I:'I?Q7^+'@+X=ZCK6G6WPDUBUN+_2;+Q?K^
MCW.HV4%S_H\UU9Q3013_`+IY%D^6OUMKSQ_A)\+)/$_B/QK-\.?!%QXO\7IH
ML?BGQ-<^%]&N=<\01^'+*33M!CU;4Y[.2[O4T>PEDL].6>5UM+=VBA"H2*`/
MGK_AXM_P3Z_Z/K_8W_\`$G?@G_\`-O1_P\6_X)]?]'U_L;_^)._!/_YMZ^E/
M^%;_``[_`.A"\%_^$MH?_P`@T?\`"M_AW_T(7@O_`,);0_\`Y!H`^:_^'BW_
M``3Z_P"CZ_V-_P#Q)WX)_P#S;U\J?M(?M._L7_$[Q-\#_BE\*/\`@I'^P]X$
M^*WP%\8>(=<\/W'BKX^?!GQ1X-\5>%_&_A>\\)^-?!/BK2K'XE:+K"Z?J<$F
MD:Y8:CHFLZ9J-AKWAK2)#/-I[7]C=_I__P`*W^'?_0A>"_\`PEM#_P#D&C_A
M6_P[_P"A"\%_^$MH?_R#0!^%/Q'^)OP(\>>(?&7C]?\`@J;_`,$W;;Q]\<?V
M;8/V9OC?/?\`Q0^'&J>%M,\*Z5XV^)7B7PWK_P`(/#MS\<VB\/Z]IFE?%OQ7
MHVJ_\)7-XKLO$TVE^$KS6+>=-(D@N)O%%Q^P)J=CXMTW0?\`@IA^Q7IMMK7[
M4W[$/Q\T:XOOC]\&KW4]-\-?LB7'P%%YX0O;Z+XEVSWVI>-M/^#M];)J\:VU
MMIK^(0UQIU_';S)<_NA_PK?X=_\`0A>"_P#PEM#_`/D&C_A6_P`._P#H0O!?
M_A+:'_\`(-`'XC>&_'/[&FE:GX;M]1_X*8_L%W'A?P-^U/\`%G]HCPM%8_'#
MX4VVO7&G?%O1_B3%JOA?7[V?XN7.GW%YI6M>/UDT[5=/T^P@.EZ:;>YL9;JX
M%U'SVO-^P-KO@SPIX5_X>6_L0Z=+X?\`V<_B[\#KK4;/XZ_!42W]]\2?&.D>
M+;/7P#\2@4L]+FTI8KO393+)>O)YT=W;.HK]VO\`A6_P[_Z$+P7_`.$MH?\`
M\@T?\*W^'?\`T(7@O_PEM#_^0:`/YVM"C_9MM?B)\1/CGK7_``52_P""<UW\
M7/$/B_\`9U\:>$[.R^*?PVB^'.F7WP)\->(_#$VF^(M%O?CC?:WJ]EXCM-=%
MQ'<66N:9>Z5=0L\$[`J%Z8)^RI!;0:OX&_X*=_\`!/Z+XO\`CCQ#^T'J7Q#E
MOOC%\.]6\&ZAJ'[2&AV/AG68O`'A>T^-,&L:--H\%E:?V'97FL:Q;37;2-<6
ML[3;3^__`/PK?X=_]"%X+_\`"6T/_P"0:\X^,?P\\`0?"+XJ30^!O!\,T/PX
M\<2Q2Q>&=%CEBEC\,:H\<D<B60=)$8!D=2&5@"I!`-;8>E[?$4*+;BJU:E2<
MDKN*J3C!M+JU>]C.M4=*C5JI7=.G.HD]+\D7*U_.UC\EOA[XE_99^"7Q5^"$
MU[_P4@_85\+6?P2\%Z)X&\=VNG_&KP%X5^)'Q&_L'0&TE=!\=QWGQB/AV71H
MKR1-1LK>_P#"3:UI(AAM;34HHFE\SOA^TA^S1X`^-_Q*^(GP/_X*=?\`!/K1
M/!/QP\5^&?&'Q-\*^/OC)\*_$^KZ7K.A:%I7AS4+SP!K&D_&'0+73VU_2M)@
M^U0>(-.UVVM+Z22ZM8T0B$?6W[`W@3P/J/[&O[.E]J'@WPI?7MU\--&EN;R\
M\.Z1=75Q*S7&Z2>XGLWEED;'+R.S'N:^O/\`A6_P[_Z$+P7_`.$MH?\`\@UT
MYK@XY=FF99?&;JQP&/QF#C4DE&52.%Q%2@IRBFU%S4.9I-I-V3.?+L5+&Y?@
M<;*"IRQ>#PN*E"+;4'B*$*K@F[-J+G9-I-I7/Y]=)G_97/CKQ?X[\>?\%0_^
M"=WQ0U+6/AM\5?AM:CQK\9/`FHKXCTOXB^.?!?BVW?QO$/CPEL(='L?#5YHU
MMI_@V#PM96;W5E?:=%9M9>3+WW@/QK^REX/^(O[,/Q0U'_@JC^P_XM\0?!/P
M+^U'\,/$UIXB_:`^&NIVEYX#_:2\??"?QQ:Z-X+U"\^,,^NZ:WPQ@^$FA>%?
M#$_B?4_$S7.AS3?V@)[I(9H_W,_X5O\`#O\`Z$+P7_X2VA__`"#1_P`*W^'?
M_0A>"_\`PEM#_P#D&N`[#^<?3_AW^P[9?L@>*?V:&_X*E_L,R:WKO_!)[X>?
M\$X;'QH/C7\'UM]+\3^!_#WQ-TAOBS'IQ^*QNO[,N[KQY97L'AJ&_BOK9M(;
M.N222Q/!QWPA_:>_9^\*_P#!0#7/B!K/[5O[+.N>$;K]HCXB>)+6/Q'^TY\(
MU\`>#?"6M_"'2?`EE\9?!>JV/Q__`.$=;QMKVBZ4OA.>RG^%[:_]EU;5]&OK
MR-%D\57_`/33_P`*W^'?_0A>"_\`PEM#_P#D&C_A6_P[_P"A"\%_^$MH?_R#
M0!\U_P##Q;_@GU_T?7^QO_XD[\$__FWH_P"'BW_!/K_H^O\`8W_\2=^"?_S;
MU]*?\*W^'?\`T(7@O_PEM#_^0:/^%;_#O_H0O!?_`(2VA_\`R#0!\U_\/%O^
M"?7_`$?7^QO_`.)._!/_`.;>O!?VJ?\`@H'^P7K/[,'[1^CZ/^VW^R)JVKZM
M\!?C!INEZ7IO[2?P:OM1U+4;[X>^(K6QT_3[&U\9RW-Y>WES+%;VMK;Q23W$
M\D<,,;R.JG]#O^%;_#O_`*$+P7_X2VA__(-9VK_"'X4:_I.J:%K?PS\`ZKHV
MM:=>Z3J^F7WA#0+BRU'3-2MI;._L+RWDT]HY[6\M9I;>XAD!26*1T8%6(H`\
MV_8]\1>'_%G[)W[-/B'PKKNC>)=`U+X$?"A].USP_J=EK.CWZ0>!]$M9GLM3
MTZ>YLKI8;F">VE:">01SPRPN1)&ZCZ.K'\/^']"\)Z%H_ACPQH^F^'_#GA_3
M;/1]"T+1K*WT[2=(TK3K>.UL-.TZPM(XK:SL[2VBC@M[>"-(HHD5$4`5L4`%
M%%%`!1110`4444`%%%%`!1110`4444`<)\3M&\6>(?`7B?1?`]WX4LO%.HZ=
M]GTJ7QUH%QXH\'3.T\+75AXDT"SU'2;O4M(U2Q6ZTV\AM=3LKE8KLS07"2QJ
M:_/?X-?L!^-?AGK*^*7^*7A[2M8N?B!\?_B#%H'@3PMJ>D^`OA]=_&3X8>#/
MAUINC?"SP]KOB#7Y/#VC:-?>#W\>:Q9WEYJ$.M>,O$WB;4DCLEU$Q)^H=%`'
MX?\`@S_@EK\:/#FN^)?B/J?QU\`ZQ\4M5N?V-M1@U*_\$>,]:T+5]8_9(\5_
M$SQ4FL>+T\0_$+5?$&J7WQ$N_B$5UPV>N:?'8BP8Z>L3SAT]FN?V"?BV;'PQ
M>:5\4?A]H'Q`NOB_XP^+_COXD:+X2\8Z;XET75/&&K^')+W1/A3)9^.X8-%\
M-R^'O#5EI>IZ'XLB\5Z=K%[_`,3.^@DDWH_ZM44`%%%%`!1110`4444`%%%%
M`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`
M%%%%`!1110`4444`%%%%`!1110`4444`%?*GQ<_;N_8@_9_\8S?#OX\?MD_L
MJ?!/X@6VGV.K7'@7XN?M#?"+X;^,8-+U1'ETS4IO#'C+Q?HVMQ:?J,:/)8WC
MV*V]VB.]O)(JDCZKK\<](_8X_9#_`&FOV_?V]]=_:1_96_9O_:#USPQ8_LHZ
M1X;UGXW_``.^&/Q7U7P]I5W\)M8O+K3-#U'QYX7U^\TG3[F[`NKBRL)K>VFN
M1Y\D;2_-0!])_P##UK_@EU_TDE_8&_\`$P_V>/\`YXM'_#UK_@EU_P!))?V!
MO_$P_P!GC_YXM0_\.G?^"67_`$C3_8`_\0W_`&=?_G<T?\.G?^"67_2-/]@#
M_P`0W_9U_P#G<T`3?\/6O^"77_227]@;_P`3#_9X_P#GBT?\/6O^"77_`$DE
M_8&_\3#_`&>/_GBU#_PZ=_X)9?\`2-/]@#_Q#?\`9U_^=S1_PZ=_X)9?](T_
MV`/_`!#?]G7_`.=S0!-_P]:_X)=?]))?V!O_`!,/]GC_`.>+1_P]:_X)=?\`
M227]@;_Q,/\`9X_^>+4/_#IW_@EE_P!(T_V`/_$-_P!G7_YW-'_#IW_@EE_T
MC3_8`_\`$-_V=?\`YW-`$W_#UK_@EU_TDE_8&_\`$P_V>/\`YXM'_#UK_@EU
M_P!))?V!O_$P_P!GC_YXM>.:A^PG_P`$8]+U+XL:1>?\$]/V!$U#X(>'?#_B
MKXEVZ?L/_`^7_A']$\46NOWNB722Q_"EH=6DO+7PSK,K6NCR7]U;"V1;J&%[
MFV67O]%_X)B?\$E?$&FZ-JNE?\$Y?^"?$]KX@T>QU_2ED_8Y_9UMKJYTG4;6
M"\M+S[%<?#B*[B1[>YA9UFA1XF<1RJC@J`#I/^'K7_!+K_I)+^P-_P")A_L\
M?_/%KA?BC_P5"_X)H>(/AG\1-`T#_@HC^POKFNZYX%\7:1HNBZ1^UM\`=2U;
M5]6U+0-0LM.TO2].LOB!->:AJ.H7DT-I965I#+<W5S+%!!%)+(B'`D_8)_X(
MPCX=>*OBQ:?L!?\`!._6/`/@JV\2W/B/7O#_`.QI^S]X@2R'A"2[A\16\=GH
MWPRO=0O;_3KBQNK5]/LK6XO);J(V\$$LI5#PO[./[+W_``11_:+LYO$OPB_X
M)X?L<Z3J'AVWT/Q%+I_Q`_X)V>!?@AXWTBQU6-=1\.>)(_#/Q5^!W@CQ5!IM
M_&D=[H^NVVG?8IP(YK6[)V-6V&JJAB*%9IR5&M2JM+=JG.,VE?2[2LC.M!U:
M-6DG9U*=2FF]DYQ<4WZ7(OV-?^"CG_!/3X6_LM_`[X>_$W]O#]C/X=>/_"/@
M+2M&\5^!_'?[4/P0\(^,/#&KV[3&XTKQ#X9\0>.-/UK1=2@#H9K'4K*VNH@R
M[XEW#/TQ_P`/6O\`@EU_TDE_8&_\3#_9X_\`GBUXS\7?V1?^"0/AOXF>$?#_
M`,1O^"?G[$GB7Q_\7_#_`,4/'6CZO/\`L<?`3Q/<Z_8_"?1M*USQI>ZKXBN?
M`,[-?QV&KV!M#?732ZA*S11R9B;#OA]^P5_P1_\`B5)ID?A[_@F3^Q=$NJ^!
M-`^(EIJ.K?L!?!S3?#<F@^([W4+#3[:+QG/\)O\`A#+SQ#'/IL[ZCX9T_P`0
M7>NZ7:RV5[J%A;VFH64T_5FV,CF.:YGF$(2IPQV88S&0IR:<J<<5B:E>,)-:
M.45-1;6C:TT.?+L-+!9?@,%*2G+"8/"X64XIJ,Y8>A"DY13U2DX72>J3U/9/
M^'K7_!+K_I)+^P-_XF'^SQ_\\6C_`(>M?\$NO^DDO[`W_B8?[/'_`,\6LQ?^
M"5__``2A:W%VO_!.+_@GHUH7\L7(_9`_9O-N9-_E^7YP^'GE[_,!3;NSN!7&
M>*M1_P#!*'_@E=*BR1?\$UO^"?LD;#*O'^QS^SFZ,/567X<D$>X->>=A9_X>
MM?\`!+K_`*22_L#?^)A_L\?_`#Q:/^'K7_!+K_I)+^P-_P")A_L\?_/%J'_A
MT[_P2R_Z1I_L`?\`B&_[.O\`\[FC_AT[_P`$LO\`I&G^P!_XAO\`LZ__`#N:
M`)O^'K7_``2Z_P"DDO[`W_B8?[/'_P`\6C_AZU_P2Z_Z22_L#?\`B8?[/'_S
MQ:A_X=._\$LO^D:?[`'_`(AO^SK_`/.YH_X=._\`!++_`*1I_L`?^(;_`+.O
M_P`[F@";_AZU_P`$NO\`I)+^P-_XF'^SQ_\`/%H_X>M?\$NO^DDO[`W_`(F'
M^SQ_\\6H?^'3O_!++_I&G^P!_P"(;_LZ_P#SN:\)_:D_X):_\$R/#_[,O[1>
MOZ!_P3G_`&$=#UW0_@3\7=7T76M(_9$_9^TW5M(U;3?A_P"(;W3M4TO4;+X>
MPWFGZCI]Y##=V5[:317-K<Q13P2QRQHX`/U(\">/_`GQ3\'^'OB'\,?&OA+X
MC>`/%NG1:QX4\<^!/$>C^+_!_B?2)RRP:IX>\3>'[S4-%UK3IF1UBOM-O;FV
MD*,$E)4XZVOFO]C3PGX6\#_LD?LR^%?!7AK0/!_A?2/@/\*8]*\-^%M&T[P_
MH.F1W/@G1;VXCT_1])MK33[))[RYN+N9;:WB66YN)IW#2RN[?2E`!1110`44
M44`%%%%`!1110`445Y1\8_C;\./@-X2'C/XE:S>Z;IEQ?Q:/H^G:)X>\1>,O
M%GBC7KBVNKNU\.^#O!/@_2M=\7>+_$5Y;65W-::%X;T75-4N(K:>2*U9(I&4
M`]7HKS/X:_%WP1\5_!VC^.?"MWK-IHVN7%W96EGXT\*^*/AUXG@U&PGFMK[2
M]5\&^/='\.>*]&U2TGMIXY]/U71K.[0Q.QAVC=7,^(OV@_`?AC4YM*U2S\:V
MUS!\7/"'P6,]YX&\3Z-IE[XP\;:%8>(=&N/#^L>(--TG2O%WAA;'4H(+_P`4
M>$;S7=&L=7BU#0IKL:SI6J6-F`>Y45!#=6UPTZ07$$[VT@BN$AECD:"4HL@C
MF5&)BD,;JX1PK%65L8(-1QZA83&X$5[:2FTE6"Z$=S"YMIG5'2*XVN?)E9)(
MV5)-K,KH0"&&0"W165<ZWI%IIDNL3ZC9KID,4DK7HN83;E8@V\)-O\MWRC($
M5B2XV#YN*^<C^V-\!H/@)HG[2.H^)=3T[X9>)=<;PQX;E;PQX@U3Q3XB\42>
M,[_X?Z9X8\.^"M`T[5_%/B'Q)KWBO3Y=*\/Z#H>E:AJNL3RVR65I*\Z)0!]1
M45Y1X0^-OPV\:P>#6TS7;C3-2\?:7J>L>&?#/B_0]>\#>,[NRT69[?6#=>#/
M&.F:'XHTN?3)D:.]M=4TFSN(3AFBV.C-UDGC31(_%%AX15=7N-2U'3+[58KV
MS\/ZW>>&[>WTZ2..X@U'Q7;6$OAO2]38R*]MI&H:I;:G=P[I[6TEA5G`!U=%
M4O[2T_RIIOM]GY-NVR>7[3!Y<+_W97W[8VY'RN0>1Q5M'615=&5T<!E="&5E
M(R&5AD$$<@@X(H`=1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%
M%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`5^=
M/P-\2>'=#_;L_P""AL6M:]HNCRSC]DJ2&+5-4L=/DFC7X/:PK21)=SPM(BM\
MI9`5#<$YK]%J^<OB9^QW^R-\:O%,OCCXR?LL?LY?%KQK/96>FS^,/B9\$/AE
MX\\4S:=IR-'I]A+X@\4^&-5U:2RL8W=+.U>[,%LCLL,:!B"`>O\`_"P/`?\`
MT.WA'_PI-&_^3:/^%@>`_P#H=O"/_A2:-_\`)M?+_P#P[A_X)Y?]&&_L8_\`
MB+OP/_\`F&H_X=P_\$\O^C#?V,?_`!%WX'__`##4`?4'_"P/`?\`T.WA'_PI
M-&_^3:/^%@>`_P#H=O"/_A2:-_\`)M?+_P#P[A_X)Y?]&&_L8_\`B+OP/_\`
MF&H_X=P_\$\O^C#?V,?_`!%WX'__`##4`?4'_"P/`?\`T.WA'_PI-&_^3:/^
M%@>`_P#H=O"/_A2:-_\`)M?+_P#P[A_X)Y?]&&_L8_\`B+OP/_\`F&H_X=P_
M\$\O^C#?V,?_`!%WX'__`##4`?)OQ;_9\/Q&^*'[;'C8>/[[1[?XE_"KX3^'
M?A=;^$OC=I'AK2?&>M>&=%^)-OK5AXCT6S\01PM%8WFMZ/!')KT%E!/!J%PL
M,L\*SF+YL\.?LV>+8?B3I,GB3P#X*U?XE'XQ?"+Q=HW[7=U\2/A-,_@#X#^'
M?"7@&R\9_`V&&3QM+\2(M/GO?"_B'2[KP3HOARX\`^)Y-?CU/4[MUFO9(/U%
M_P"'</\`P3R_Z,-_8Q_\1=^!_P#\PU'_``[A_P"">7_1AO[&/_B+OP/_`/F&
MH`^1O@;\'=/^'G[(?[4'P,TGP+\/?AQXT\5:[\95\/W>C^*?A%8Z5\2K3Q=J
M>OW_`(-U.QO/#WB6X>VM]-TS4K325B\96VB76G.KP16ALT\P_.&K?LO_`!0\
M)>'-0\/6&MV_QF\.ZWI7[,GBCQWIOB[XK?#K4/$?C+P[\.M+&A?$G]F:SEU7
MQGX8\*VWAR>5X=<T;[196'AJ\MK&:PU75-6N)X7'ZD?\.X?^">7_`$8;^QC_
M`.(N_`__`.8:C_AW#_P3R_Z,-_8Q_P#$7?@?_P#,-0!^8_@[]FSQ[I7Q?^%_
MC32?`_A+X/\`PLTFP_;7;0?A!-\3OAJY^$.C?&#P-X(T7X>>'X-(T/Q5?>'-
M*B\3ZMHVIWG]A>![W5O#?AM2!)>01S`FQXP_9\^,&M?\)+I]E?\`ATZ-J?[%
MG[*OPDM+2'XN>"["#_A8GP__`&G/$7COXAZ;"D?BRW:SGLO`-]:7;ZY'Y%MJ
M,;+IUA?W-Y%]F3U+_@G_`/L4?L:?%'X%:OXE^)O[)'[,GQ%\1P?&'XNZ!!X@
M\=_`7X5^+M;AT+0?&=_I^AZ+%JOB#PIJ%_'I.C6$45CI6G).+/3K...VLX88
M45!]O?\`#N'_`()Y?]&&_L8_^(N_`_\`^8:O5SO+?['S?,<K59XA8#%UL*J[
MI^R=7V4W'G]GSU.3FM?EYY6_F9P95CO[2RW`YA[+V/US#4L1[+G]I[/VL%+D
MY^6'-RWMS<D;]D?A?^U'X,U+X#:[XE^&OANQ^!6@_`KQS^U4GC7X&_#SQEKG
MPOU;X'R>&;/]C[PO8?$(ZCX'UGXG?#?PA;7%S\9;SQYXGTK2O%/C#0K^7Q3;
M7?BO1=(U*R%UJ5C^WO["7CCX,67['W[/%AX(\16FD>%].^%WA?3M*M?%NI^"
M],\1RQ6&GQ6DNH:K!X:U:^\.S76J3Q2Z@;_0M0U'2=26Y6_T_4+VUN(KF73_
M`.'</_!/+_HPW]C'_P`1=^!__P`PU'_#N'_@GE_T8;^QC_XB[\#_`/YAJ\H[
MSZ@_X6!X#_Z';PC_`.%)HW_R;1_PL#P'_P!#MX1_\*31O_DVOE__`(=P_P#!
M/+_HPW]C'_Q%WX'_`/S#4?\`#N'_`()Y?]&&_L8_^(N_`_\`^8:@#Z@_X6!X
M#_Z';PC_`.%)HW_R;1_PL#P'_P!#MX1_\*31O_DVOE__`(=P_P#!/+_HPW]C
M'_Q%WX'_`/S#4?\`#N'_`()Y?]&&_L8_^(N_`_\`^8:@#Z@_X6!X#_Z';PC_
M`.%)HW_R;7SW^UOX\\#S?LI_M-PP^,O"DLLO[/?QHCBBC\1:0\DDC_#CQ(J1
MQHMX6=W8A55069B``2:P_P#AW#_P3R_Z,-_8Q_\`$7?@?_\`,-1_P[A_X)Y?
M]&&_L8_^(N_`_P#^8:@#U/\`95N(+K]F']G*XM9H;F"3X$_"0QS02)-%(!X!
MT!24DC9D8!E*G:3A@0>0:][KFO!W@SP=\._"^B>"/A_X3\->!?!?AFQCTOPY
MX0\':%I?ACPOX?TR$LT.G:)H&B6MCI.E6,1=S':6%I!;H68K&"QSTM`!1110
M`4444`%%%%`!1110`5\5_M;>`_BKJ7BC]G+XO_"CP6OQ/O\`X'_$O5-;\3_#
M6/7]#\.:OXA\)^*?#-YX?U#4_"E]XGN=.\.2^+/#ER;*ZT^RUK6]"M+K3;K6
M8TU-+K[/;7/VI10!^(7[3WP(^.G[1?BSQ/\`$/Q=^R#J_C=O&O[/\OP^^!OA
MCQ5X\^#DFJ_LG?&JWUSQ]:VGQCN+P_$*;3=`UG4=)\4^&M<D\9?"F\\2^-]*
MA\-7&@0K(T.G1WO;>$OV6OVD--^('QAU'Q597'B+3]<_;D_91^+?AG7+GQ-I
M%PFJ?#KX:_LI?!+X=>/O$UM82ZJUQI*P_$/PKXKA;1I[>SU34)HY=5M;"YMK
MZ&ZG_8>B@#\Z?V(?A/\`%/X4>*OC[::[\*X?`7P]\1:II/B'PAJOC"W^&0^+
MWBOQIJ>N^/M2\9Q>,_%?PI\0>)+'QYX2T6SO_"5MX)\8^+;?2/'DL-WK.GZQ
M87T6GVE[+^<7@_\`8G_:CURP^)]UK/[.OACX.ZS\4H?V>YOBCX7^'>I?"[PG
MX(\7>/\`P'^T]X!\8^/_`!-I.K^$_&U[XJ\>6-O\+=.U:UT?XC?%/^Q?B-XE
MT:Q.FSZ)H][<KH0_HSHH`_!'6OV'_BQX?UWQKX7E_9WTKXH?LE>&/VRO'GC+
MX:_LN:/K/PUL/"UW\(/&O[)OP[\+Z!K>A>%/$_B7P_X*L]&\(?M*3_$#QC)X
M4\0WEAJ6G:G-?>,/#^E2W2Z1]I^A_AQ^S'KWA#_@G%\+/V?_`(L?L]>*?B-X
MC\(ZYJ%_<?#KX=_$3P;I'CKP9J,/Q?\`$_C#P=XR\%?$#6O&GAW1(?$G@V&\
MT;Q#INJ6_BZ#4XKF`-&9[])+5OUGHH`_$Y_V8_COXBU'X!?$+XQ?`_\`X6]\
M2/#_`(0^.7@N#QAXCN?@IJGQ/^&-CXIM;_\`X5-J/C7Q/_:NB:;J&N>'X'M[
M/5]8^'DFJS17ACN5CO)A=:A)3UO]EWQI\!_V;X]4T/P5#X+O/"W[#OQXM/BQ
MJ7A_6+%M4NOBWJ'P\O!!JFI7NGZE/J'B/7WFM0D6O02W[Q"""..\2.*!5_;V
MF2QQS1R0S1I+#*CQ2Q2HLD<D<BE7CD1@5='4E71@592000:`/YJ/A!^R9\4/
M&_P*TCQQHW[-_CKP=X.\5?LZ?L\V\WPDTN^_9_U^Y^,/QJT6P?Q#??'+QOI'
MB3XD1>%O&>@WNGWMIH7B+0_'^NZ7XGUU?)G>VBFL8Y(OZ`_@7I_C'2?@[\-]
M,^('AWPUX2\:6'A+2+7Q)X:\'006WAC0]4AME2?3M%MK2YO;2VLK8!42VM+R
M[M+=@\-M<SP)'*WJD<<<,<<,,:111(L<44:*D<<:*%2.-%`5$10%55`55```
M`I]`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`44
M44`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`5Y]XC^+7PK\'ZF
MVB^+?B9\/O"VL)#%</I/B/QGX<T34TM[@%H)VL-3U*UNEAF4%HI3$$D`)1B!
M7H-?@YXL_P"":/["G[=/_!0K]N;Q;^UM^S=X'^.'B/P+H_[*WAWPEJOBRX\2
M0W&AZ)J/PKU?4KW3[0:'KNDQ-#<7P%RYGCFDW\*ZK\M`'["_\-!_`3_HMWPA
M_P##E>#/_EU1_P`-!_`3_HMWPA_\.5X,_P#EU7YA_P#$//\`\$7O^D?WP;_\
M#_B#_P#-G1_Q#S_\$7O^D?WP;_\``_X@_P#S9T`?IY_PT'\!/^BW?"'_`,.5
MX,_^75'_``T'\!/^BW?"'_PY7@S_`.75?F'_`,0\_P#P1>_Z1_?!O_P/^(/_
M`,V='_$//_P1>_Z1_?!O_P`#_B#_`/-G0!^GG_#0?P$_Z+=\(?\`PY7@S_Y=
M4?\`#0?P$_Z+=\(?_#E>#/\`Y=5^8?\`Q#S_`/!%[_I']\&__`_X@_\`S9T?
M\0\__!%[_I']\&__``/^(/\`\V=`'Z>?\-!_`3_HMWPA_P##E>#/_EU1_P`-
M!_`3_HMWPA_\.5X,_P#EU7YA_P#$//\`\$7O^D?WP;_\#_B#_P#-G1_Q#S_\
M$7O^D?WP;_\``_X@_P#S9T`?IY_PT'\!/^BW?"'_`,.5X,_^75'_``T'\!/^
MBW?"'_PY7@S_`.75?F'_`,0\_P#P1>_Z1_?!O_P/^(/_`,V='_$//_P1>_Z1
M_?!O_P`#_B#_`/-G0!Z%_P`$W_C%\(_#7[/>M:=XC^*?PX\/Z@_QM^--\EAK
M?C?PSI5X]E?>.=1GLKQ;6_U."=K6[@99K6X"&*XB99(G="#7WU_PT'\!/^BW
M?"'_`,.5X,_^75?GCXU_X(2?\$C?B-K$7B#QM^PW\)O$6LPZ7I>B17][>^.5
MF32M%M$L=+L@+?Q=!'Y5G:1I!$2A<HHWNS<UR/\`Q#S_`/!%[_I']\&__`_X
M@_\`S9U['$&8TLWSO-,SH0J4Z..QM?$TZ=5156$*LW*,9J$IPYDGKRRDK[-G
MFY/@JF795E^`JRA.IA,)1P\YT^;DE*G!1;AS*,N5M:7BGW1^GG_#0?P$_P"B
MW?"'_P`.5X,_^75'_#0?P$_Z+=\(?_#E>#/_`)=5^8?_`!#S_P#!%[_I']\&
M_P#P/^(/_P`V='_$//\`\$7O^D?WP;_\#_B#_P#-G7CGI'Z>?\-!_`3_`*+=
M\(?_``Y7@S_Y=4?\-!_`3_HMWPA_\.5X,_\`EU7YA_\`$//_`,$7O^D?WP;_
M`/`_X@__`#9T?\0\_P#P1>_Z1_?!O_P/^(/_`,V=`'Z>?\-!_`3_`*+=\(?_
M``Y7@S_Y=4?\-!_`3_HMWPA_\.5X,_\`EU7YA_\`$//_`,$7O^D?WP;_`/`_
MX@__`#9T?\0\_P#P1>_Z1_?!O_P/^(/_`,V=`'Z>?\-!_`3_`*+=\(?_``Y7
M@S_Y=4?\-!_`3_HMWPA_\.5X,_\`EU7YA_\`$//_`,$7O^D?WP;_`/`_X@__
M`#9UXG^TM_P0+_X(]>#OV<OC_P"+O#/[!_PBT?Q)X5^"?Q5\1^']6MK[QX;G
M2]<T/P+KVIZ3J-N)O&$L)GLK^UM[F(2QR1F2)0Z.N5(!^^NDZQI.OZ;9ZSH6
MJ:=K6CZC"MSI^JZ3>VVI:;?V[DA+BSOK.6:UNH6((66"5XV(.&.*T:^5_P!A
MOX>^#/A3^QK^RW\/_AYX?L_"W@WP[\!?A;#HF@Z>UPUGI\5[X/TG4[I(6NIK
MBX(FO[Z[N6\R9SYDSX(7:H^J*`"BBB@`HHHH`***Y+7?'G@_PQXA\&>%-?\`
M$.FZ5XC^(>I:IH_@G1[N?R[WQ+J>BZ'?^)=5LM+BP3//8Z%I>H:I<*"-EI:3
M29^7%`'6T5R7A7QWX0\;Q:[-X3U_3]<B\,^)-1\(:])92EUTSQ+I,=I-J.C7
M)95VWEI'?6C31C(`G3!)-;46M:3-JMUH4.HV<FLV5K!?7>EI<1M?6UG<L4M[
MF:V#>;'#,ZE8Y&4*Y!`-`&G129&0,C)S@=SCKCUQWKB_&WQ!\+?#VPTC4O%.
MH?8;/7?$NC>$=-E2)Y_/UW7YWMM,M"(\E!/,C*9&^5,9:@#M:*\Z^'/Q6\"?
M%C3?$>K>!-<AUNP\)^._&GPUUZXC1XEL?&?P^\17OA7Q9H[^:%+2Z7KVG7=@
M[KE))(B8RP()L?$_XF^"_@YX"\3_`!,^(>LQ:!X,\'Z:VK>(-7F1Y$L;%9H;
M<S&.,-))B6>)-J*3EQVH`[VBHXY4EBCF1@8Y4C=&/`99`"G7NVX8'4D@=:@O
MK^TTVSO+^]F6"UL+6:]NY2&?R;6".2664QQJ\C!4BD("(S-L(1688H`MT5Y/
MX'^-_P`,_B/K-OH/@WQ)%K.I7?PW\&?%JVA2UO+4R^`?B!)J<7A/73'>P6\\
M,>JMH^H!+:XAANH/(9;B&-_E'JX(8!E(((!!!R"#R""."".01UH`6BJ6HZC9
MZ587NIZA,+>RTZSN;^\G*N_DVEI$\]Q,4C5Y'$<2,Q"(S'&%4L0*S=+\4:%K
M7AJS\7:7?K=^'M0TE=<LM06*:);C2WMOM:72PW$<-P@-O^\V2Q)(!PR`\4`;
M]%>.1_'OX83?#SPG\4X/$`G\$>-M6TO1/#FKQ6TS+?ZAK&ISZ181"+:)(Q+?
MVTT)=P`FPLW%>Q9&<9&<9QWQZX]*`%HKS]_BAX)C^)T7P=;68A\0IO!8^(,6
M@^7(96\*'6;K0/[4$H'E;!JME<6I0MO#)G&"*[\,"2H(++C(!&1GID=1GMGK
M0`M%-WIM9]R[%W;FW#:NPD/N;.!L((;)^4@YQ@UYQ\+?B[\/OC1H6N^)/AMX
MBM?$VB^&_B#\1_A;K-[:+(L=GXY^$WC;6_AYX]T-Q(JDSZ#XN\.ZOI,[`%'E
MM&:-F0J2`>DT444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4
M444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!7P'^SS_P`GT?\`!1+_
M`'OV2?\`U3NL5]^5\!_L\_\`)]'_``42_P![]DG_`-4[K%`'WY1110`4444`
M%<!\4OBCX$^"W@'Q-\4/B;X@@\+^!O!^G/JGB'7;BUO[U+&S5TB#+9:9:WNH
MW<TLTD<,%M96EQ<SS2)'%$[L!7?U\F_MO>`_&OQ,_9K\>>"_AY;WD_B_5[OP
M?_8YT^VL;R[M)++QGH%_/J,5IJ;)87/]FVUM-?-;W1,,R6[1NKAMI`._^'_[
M2GP3^*6C^%M=\`^.;7Q'IWC+79/#.BM:Z5K\-VGB"+0I/$LFD:UIMYI5MJ/A
MF\70XSJ`C\1VNE!X9(-C,US;K)W'C7XD^#_A]+X3A\4ZHNGR>-O&.B^`O#JB
M-YOMOBCQ!.+?2M./EY\EKB5E7?)A4R"V`17YV>*/V4OBG\,_$?PSU[X<>*_%
M'C_Q]X^_:-\0?$_XX?$"XM])\.:<0OP$\7^`_"UQ?>&M#;3]*LO#ND7=GX1T
MZ.PTZVFDN+U4O[B-YGDE3XNU+]FSX^^)OV=_AWX4^&WPF^*7PT_:<TOXP?"3
MQ;\;OBIXLN;*Z\/>+OB'H>H3Q^,/B+X6^T^*]9DET*[DM9KR"^BL]*NK#2]0
MTM(M-DN('"`'[?\`BGX[_#3P7K?B?0/$FM7-AJ'@_P`/Z-XGUY(=(U34_LND
M:_JB:-I<\<.E6E]=W#SZA(D+1P6KF)3YLI6)6=?75D1MN&&74.@)PS*1G(4X
M;&#SQQWK\,OBI\)/VB]>^#/QAOOA=\)_B/X&\:ZW^S;\)O!WAS0YO$%G>>*X
M_&GAWXIV%UXNL(?$;ZN9-2FELX-3UD:K<7$!U'3;M9W6*:9K5+7Q,^"O[0?A
M?XD:M^T!X>\/>/3XLT;]LI)FUE/$,DUK9?LM7O@>^D\9SVVCMJ<MDGA]M5LK
M.5D33IM4CO566UM&+$,`?N*"#T(.#@XYP1U'U%>8Z7\9OAIKGA[PIXKT;Q1;
M:MX=\;^(!X7\,:MIMGJ=]:ZGKA&HG[&&M;*5K55.E7ZO=WJV]E&\&R2X5I(@
M_P"*W_!)_P`07.O_`!A\6:SXVDOH?&_B#X3V5]I4-A=SZWHWB31SXRURXO/'
M/B75#XV\4+9^-M1DFATN>S?2?#ENVGV4'D6AG29(^N^!W_#0,OPV^`/P!3]G
M?X__``]USX*?M,:#X@\=>--?T_PMI?@#Q/X#>7XG#4;SP[K.F>--0U+6=*26
M^T2>ZM[W1K%W6ZM'$#LKK&`?N3N&XKD;@`Q7(W!22`2.N"00#T)!'8T`@]"#
MR1QSR#@CZ@\$=CQ7X9VG[,/[3FAP:G\2?AQ#XS\,_M$>.&_;@\&7_BKQ%XIO
M;_0[70=6E\67G[-,VN:5_:\]C'HNCZRVAWOAN2PMQ?:=;W=VDWEB=T7WK_@F
M[\*/B-\/[OXB:WXUM_C#X8C\1>#_`(8V>I^!?B%X:T30?#,/Q$TF;QG=>-O&
MOAVZT_Q5XFO=7UWQ,FL:)I_B.\G.GV,MMX=T.:TM!/+>D`'ZIT444`%%%%`!
M7SQ^UW_R:?\`M/\`_9O'QJ_]5MXEKZ'KYX_:[_Y-/_:?_P"S>/C5_P"JV\2T
M`:7[+O\`R;-^SK_V0KX1_P#J`>'Z]UKPK]EW_DV;]G7_`+(5\(__`%`/#]>Z
MT`%%%%`!1110`5^='[9?P5^)'Q8_:+_8#UCP1+XLT/0OAU\6_C#KGCKQUX3^
MQK<^#-)UG]G;XE^&M*NKM[PL$M]8U_5=.T-#'#,YFOHP0BDNOZ+T4`?SQ77[
M/?QS\(>(O&.F_$WX=_''XI_!K4?'W[1.L:#IG@.[NHO&FH?%/7+7P$?AI\2=
M>DT77M"7_A'Y+33];M+2\DEDBLM22&6YT^2)#N^F_@9\!OBCX1^/VG^,/%?A
M7Q?9?&'Q3^R_X+T&+XR:@MYXJ\(Z-XQT8[-;TGQAMUJWTVYUD::T%HN-(DCO
M+V.>YADB9MS?L%10!^4'QH^`7Q\\8^-OC3XOMM2\5:IX[\-_`OPOIWPFUO1M
M7U'P]X3N/&MU/+%XZN/#GAZUU".QC\2ZCX=\_2[2?4(YH;6[EM)8]CH9*\9\
M(?!/XGS73K\/_AA\7/"'P?MOB7^SAJUIX+^)MQ>77B/_`(3+P[>ZE=?%'QS:
MQZMKNM74&A2I<6,5RXO5BNKZ"YN[6SBBE51^XM%`'\VGB+]G']K'3U6QO?"_
MQ$L/@IK'[67_``42\6^-?"G@[0KC7O%-[>_$GXZ1>*?@!\2X],TKQ'H-S<Z"
MOA]/$E]ID_\`:0%I<ZM9R7EC)]H58MO]M;]FOX]_$;P)XT\&>(?`_P`>?CMJ
MM[^R5\&/#?P!\1:+*^EPZ-\4?#^J^(KCXS7GQ,T>UUVQTO3?$7BW3CX;::+4
M;?6K:_@3^SK)K6:U>=OZ,**`/S1_;"\&^*]8^*/P#U/Q/X`^+OQ3^`>C_#CX
MK:?K_@?X-WEY:Z]I_P`<KB]^&6H?"WQ?K\.GZUH5W<:5IOA_1OB+H^F7?VV:
MQTC6=8274+"[6\MF@^5_A]\)_P!H>#XR:3K=QX#^,^F?'6'XY_M):I\:?C!J
M>L7S?"7QI^S??6WQRN/@=X(\*V\FNSZ3<W-C:^,OA)INB:79Z#IVHZ+JOAO5
M;C4-2NETUOM/[K5S7BGQ?H/@W2EUK7[JXM].?6-#T$2V6F:IK,PU/Q%K-CH&
ME0-9Z-9W]XL<NJ:E:0W%TUN+73X7>]U":ULH)[B,`_"OX1?`_P#:/MO@7HUQ
M\5/#?Q@TOQUJG_!,;]AWX9>,M;T:QA\1>.W^,?A.?Q9/\3-"OK1=9L[G5M7T
MF[U6.;Q='%J4$MQ:7ET;2]>=PP_1K]DSXN:[-I?@/X%^.?A9KOP^^(.E?##6
M_'.J6-M#?7GA?P[X<M/']SX8\(6.J:CJFHZAJ6E^)O%^CR0^)K3P]>W5[-9V
MUOJ]K]K<:;\WU%X'^)?A#XB3>.8/"NHM?2?#KQQJ/P[\6!X)+<:?XJTO1]"U
MZ]L`T@`F2/3/$FDSB>/,;?:"@.Z-@#XA^-O!GPE\'^+_`(I^,YH-(\/^%=!G
MUGQ/K45F)KQ-&T=)9V,GDI]INTM%EG>&#+^6993&J[WR`?B)X#T'XL>/_BOX
MG\0_#KPU\;I/%^@_%K]I72?&?Q'U77+T?#;4OAP?"VJ:=X<\#:##/K,EG=:G
M'XEN+(Z196^D6MSIU]B].H&%?+KTO0/AS\6X-7^#\?QR^&'QN\?/:_L]>`]#
M^'\GA+4+[['\/_BDD$L'CB?XB2VOB"QMA=WKM;2+?ZA!K%N;*.>V6,/('K]B
M?":>''T.RU7PK9V=IH_B.*+Q-`UG:I:)>G78(K_^T98D52;B\CEBEF=QYC,?
MG.1724`?S^_L_P#P$_:8\+?"/2_AU\3OAYX[U7Q59?$KX5^+_#>O&YA/AK1?
MAII_CW6[N3P5_8B7QMM'\0>%!*=0UBZ2.:36[6\AO_/4+Y"]_P#"7X1_M36/
M[17Q<\1>*-1^*^E_$277_CG_`,(WXH_X1^:[^%7B/PQKEM=O\*;&X\2R>(7L
M8-*T*1M-ELK"V\-V]]:7$<\%Q=3#)/[AT4`?B3^P[\%_'OAS]J_2?B/J_P`)
MOB]X,LU_96L_!?Q+\5_$VYN;FW\1_&G_`(6%JFN>([C06O=:U:9M/O;2\M[J
M&XM$LM/F;S!#:0F-MWS9\2/AO^VSXC^-?Q[\4_#;X6?%OX<6WB7]GW]LWPWK
MUMHNIZO_`&9XE^)4?Q&^$'_#.&MZ'K>K>)+NUU/7KOPE:?$/4M(N-"TW0M/T
ME;^^M'CD66`)_2310!^'/Q-_9H^)G@=?'GPX\*^%?C#XG_99U#]H7X&^.?B3
M\/M$\2:_KWBCQK\._$_PI\9:?\9=)\$W\_B&S\1):7'QAD\`>+?%VE6.MZ<J
MP0>(I=.,-O,UH?IG_@E)\&_'/P-_9E\:>$/'O@OQ!X!O]:_:W_;0^)7ASPWX
MJG2Y\06_P^^*O[3GQ.^(7P\N=7G6YO&?4;WP;XBT:XOO.N99UO'G2=WD5G;]
M+:*`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HH
MHH`****`"BBB@`HHHH`****`"BBB@`HHHH`*^`_V>?\`D^C_`(*)?[W[)/\`
MZIW6*^_*^#/''_!/GX9^/_CE\4OCUJ'Q>_:G\(^)?BO8?#[3M;T'X/\`[2GQ
M;^"'A.WB^'6@7/A_2KC^Q_A/XG\(IK.H7=K=/)=:CXCDU>\A*K;Z?-9V>ZW(
M!]YT5\!_\.[/AE_T<'^WY_XL"_:Z_P#GM4?\.[/AE_T<'^WY_P"+`OVNO_GM
M4`??E%?`?_#NSX9?]'!_M^?^+`OVNO\`Y[5'_#NSX9?]'!_M^?\`BP+]KK_Y
M[5`'WY17P'_P[L^&7_1P?[?G_BP+]KK_`.>U1_P[L^&7_1P?[?G_`(L"_:Z_
M^>U0!]^45\!_\.[/AE_T<'^WY_XL"_:Z_P#GM4?\.[/AE_T<'^WY_P"+`OVN
MO_GM4`??E-95=61U5T=2KHRAE96&&5E.0RL"00000<'BO@7_`(=V?#+_`*.#
M_;\_\6!?M=?_`#VJ/^'=GPR_Z.#_`&_/_%@7[77_`,]J@#[.\-^`?!'@Z>_N
MO"GA+P]X<N=4??J,^BZ19:=->'>TG[^2UAC:11([N$)V!V9@H8DUUU?E=\*?
MV*O"GC^#Q_+XB_:%_;J=_"/Q5\=>`=&_LW]NK]J?1U7P[X4U&.RTA+U=,^*-
MLNI:DL#M]LUB^$^IZA)B6]N9I`&KU7_AW9\,O^C@_P!OS_Q8%^UU_P#/:KHQ
M>'EA,14P\Y1G*DXIRC?E?-&,M+V>TK>ICAZZQ%&G6C%Q5172>ZLVM;:=#[\H
MKX#_`.'=GPR_Z.#_`&_/_%@7[77_`,]JC_AW9\,O^C@_V_/_`!8%^UU_\]JN
M<V/ORBO@/_AW9\,O^C@_V_/_`!8%^UU_\]JC_AW9\,O^C@_V_/\`Q8%^UU_\
M]J@#[\HKX#_X=V?#+_HX/]OS_P`6!?M=?_/:H_X=V?#+_HX/]OS_`,6!?M=?
M_/:H`^_*^>/VN_\`DT_]I_\`[-X^-7_JMO$M>%?\.[/AE_T<'^WY_P"+`OVN
MO_GM5S7C3_@F+\)?&_@[Q9X,U']H7]OE-/\`%WAK7?#%^\G[>?[4VJQI9:_I
M=UI5TTFEZW\3M1T74D6"[<M8:OI]_I=XH-O?V5U:22P.`?5G[+O_`";-^SK_
M`-D*^$?_`*@'A^O=:\Q^"WPKT;X'?"3X<?!WP[K/BOQ%H7PS\&Z!X*TC7/''
MB'4?%?BW4]/\/:?!IUK=Z]X@U6:>^U*_DB@7?)+((XD"6UM'!:PPPQ^G4`%%
M%%`!1110`4444`%%%%`!1110`4444`>,_M&:'\3_`!/^S[\<O#?P2UNT\-?&
M3Q!\(?B1HOPH\0W_`)OV+0_B/JG@_6++P5JUT87CF2#3_$<^G74DD4B21K$7
M0AE%?CWH7P%^-,F@>,YO@E\"OB]\#_"FH6'[&<.O^!O&GBG0(]<\9_%;PG^T
M3X;\7?%_X@:?8Z5XR\1Z='!IGPUAN['Q3XEGUFSO_&@(LET9AH]N;S]ZJ*`/
MP1^.7[-7[2&HZEXOFA\%>,]5^%6N_MQ_%3XA>,_!?A*T\)^(=:\8^!O$G[/G
M@3PEX"\7Q^'=>\3Z!H^LZ+H_CW2[AY].U#6+#4+"[L8=:BLYSI\$5QD?M0?L
MS_&SQG\-=,\'ZG\+OC3\=(Y/V4)/`_PBGOM1\*Z7K?PX^,C:\GVO6OB-$/&]
MIIUG/>>&GL;"WOM';Q,MM9:5<V160W19OZ!:*`.(^&>FWVB_#?X?:/J=N]IJ
M6D^"/"FFZC:2%&>UOK'0;"UN[=VC9XV>&XBDC8QNZ$J2K,N">WHHH`****`"
MBBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`**
M**`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHK\M;G0OVB/V@?VPOV
MLO`N@_MO_M%?L[?#[X(V'[/]EX/\$_!/P'^QCJNEW%Q\0?A]J7B?Q+JVN:O^
MT#^R;\=O&%[J%SJ5O$+>*U\36&EVELIB@TU69I"`?J517P'_`,,=_M%_])7/
MV]O_``V__!+O_P"EO4?\,=_M%_\`25S]O;_PV_\`P2[_`/I;U`'WY17P'_PQ
MW^T7_P!)7/V]O_#;_P#!+O\`^EO4?\,=_M%_])7/V]O_``V__!+O_P"EO4`?
M?E%?`?\`PQW^T7_TE<_;V_\`#;_\$N__`*6]1_PQW^T7_P!)7/V]O_#;_P#!
M+O\`^EO4`??E%?GW'^R-^T!+--;1?\%9?V[I+BW"&>"/X>_\$MWFA#YV&6)?
M^"<!>/?M.W>HW8.,XJ&]_9.^/&FFT74?^"MG[=-@VH7D.GV`O/`/_!+2V-[?
MW+;;>RM!-_P3B0W%W.WRPV\6^61N$0F@#]"J*_/.;]E#X[VVH6>DW'_!6W]N
MB#5-1CN)=/TV;P%_P2TCO[Z*T3S+J2SM'_X)Q">Y2V3YYWAC=85^:0J.:E3]
MDKX^274ME'_P5I_;K>\A`::T3X?_`/!+9KF)6^Z9(!_P3A,J`]BR@&@#W[]G
M7_CT^,W_`&<3\7O_`$]PU]$U^:>D?L2?&SP+8>)+T_\`!5+]L[PUIVH>(-<\
M6ZQ>:;\.?^";VGV,UUJTXN;_`%O7[CQ?^PCXM5=9NV42ZO=:+/X9\*-*`VB^
M$/#UONMFV;+]EKXVZC<7=II__!7;]N"^NK"2TAOK:S\#_P#!+"YGLY;^SCU&
MQBNH8?\`@G(\EO)>6$L5[:I*J-<6DB7$0>%E<]^9UZ>(QV(K49<].<H.,N64
M;VIPB])*,EJFM4ON.3`4JE'"4*52/+.$6I1NG9\TGO%N+T?1L_1.BO@/_ACO
M]HO_`*2N?M[?^&W_`."7?_TMZC_ACO\`:+_Z2N?M[?\`AM_^"7?_`-+>K@.L
M^_**^`_^&._VB_\`I*Y^WM_X;?\`X)=__2WJ/^&._P!HO_I*Y^WM_P"&W_X)
M=_\`TMZ@#[\HKX#_`.&._P!HO_I*Y^WM_P"&W_X)=_\`TMZC_ACO]HO_`*2N
M?M[?^&W_`."7?_TMZ@#[\HKX#_X8[_:+_P"DKG[>W_AM_P#@EW_]+>KROXZ_
MLY_M0?#'X(_&/XE:#_P53_;EO-<^'GPK^(7CG1;35_AE_P`$Q)])NM6\)^$=
M7U_3K?5(++_@G387DVG3WFGPQ7L5I?65S);-*D%W;2E9D`/U0HKPG]EZ^\6:
MK^S?\"-:\=^-]>^)/C/Q!\)?`'B/Q1XZ\3Z;X,TC7?$NN>(O#.FZYJ6HW^E_
M#SPIX'\%6#M=7\D,-MX>\)Z)816T4*BT,PEGE]VH`****`"BBB@`HHHH`**K
MQ7=K-++!#<V\L]N5$\,4T<DL)8942QHQ>,L`2N\+D#BH;S5--TZ2RBU#4+*Q
MEU*Z2QT^.[NH+9[^]D5FCL[-9G1KFZ=59DMX0\K!6*H0#0!>HK/EU;2X-1M=
M'FU*PBU:^@GNK+3)+N!-0N[:U*BYN+:S:07$\%N703RQ1LD19?,9=PSH4`%%
M9^J:OI6B6GV_6=2L-)L?M-E9_;-2O+>QM?M>I7D&GZ?:_:+J2*+[1?7]S;65
MG#O\RYN[B&WA5YI41G6.J:;J@N6TS4+'4%LKVYTZ\:QNH+L6FH64K07EC<F"
M2007EI,K17-M+MF@D4I*BL"*`+U%4-4U73-#TZ^UC6M1L=(TG3+::]U+5-3N
MX+#3["SMT,D]W>WMU)%;VMM!&K/-//(D4:`L[!035^@`HH)P"3P!R2>``.I)
MK/35]*DOUTJ/4K"34WL3J::<EY;O?-IHEC@.H+:+(9VLA/-%";H1F#S98X]^
MYU!`-"BBB@`HJAJ6JZ9HUJ;[5]1L=*LEE@@:\U&[@LK59KJ9+:VA,]S)'$);
MBXEC@@C+[I9I$C0,[*#?H`**`<].?I4<4T4RLT,L<JK))$S1NKJLL+M'+&Q4
MD"2*1621#\R.I5@""*`)****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BB
MB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`*^`_
MV>?^3Z/^"B7^]^R3_P"J=UBOOROQK_:<_P""</[:'Q*_:8^)G[0/[*G_``5-
M\=?L6:-\6=`^'&F>,_AGX:_9=^#WQDLM3UGX;Z%=^'M-\0OXG^(VLC489KG3
M[HQMI]C865K"$RYNI#YH`/V4HK\!_P#AV7_P6`_Z6#_BY_X@%^RU_P#+2C_A
MV7_P6`_Z6#_BY_X@%^RU_P#+2@#]^**_`?\`X=E_\%@/^E@_XN?^(!?LM?\`
MRTH_X=E_\%@/^E@_XN?^(!?LM?\`RTH`_?BN9\:-KZ^#_%+>%5B?Q,OA[63X
M>68E8FUH:=<'3%D(Y"F\\D$C&/45^%O_``[+_P""P'_2P?\`%S_Q`+]EK_Y:
M4?\`#LO_`(+`?]+!_P`7/_$`OV6O_EI0!P?P1\>?`SX3_LF^%?B/\/[/X<:!
M_P`%,;GX4^%K/]J_QE)I5AJ_QX\(^+[R]T>W_:#\9_%^'S9=6\1Z7\.-:UKQ
M!KWAS2_&\^I^'[:RMM(M?#<+6+6,;^JWGQ.\<^.;[P'I%O\`%*__`&EOA[\.
M/VU_V=K7X8?'*[LO!:7WCN>^6YU3Q5HEU>_#7PWX3\$ZLOA745TNV35M#T*Q
MA\O5ULKIYKNQFE.`O_!,/_@KRLDDJ_\`!P3\5EEF`$TB_P#!/W]E822@``"1
MQJ6YP```&)P`!TI4_P""8O\`P5ZBC2*/_@X*^*\<49RD:?\`!/[]E=(T(.X%
M$74@JD,2W`')SUH`R_V;OB;XS^+_`.WE^S+XR\=_&W4/'GC<^&?VI;'QW\&Y
M?#_@W2K+]GS5M-NM5T?1?"EO_P`(]H6F^)]/.H^']/L=0EM/'^K>(]6U.6?^
MUM-OK7398[2N!U[X8CPQ^VKXS_:-C^&G@S2);?\`;LN_#&H_&CP;X8F;X]:W
M=IX$7_A!OAEXK\2Q>'V(^!_B'6&:PUI;O6Y;73[G[#)#%:-,7;U-?^"8W_!7
MM69U_P"#@OXL*[-O9E_X)_\`[*X9G(VEF8:GDL5^7<3G'&<4I_X)C_\`!7QA
MAO\`@X,^++`MO(/[`'[+!!?KNP=3QNS_`!=?>@#S/Q#^TE\:/B/\-_B+X?G^
M-UW\=#\2/V;_`(^Z_P#M"?"V31/A]H,'[)OBCPDEKIO@CPYHVD^&O"6C^/+-
M?%5S)JFFWFG_`!'\0^*M6N;G26U&QN+2VG6&NG\`:CJGA_\`:'^+<]OH.CZA
M_:_[9G[!6DM+XA\*:3XB%C97'[">@B[U/1&UO3[U=%UBVEM1:P^(-+^RZI8)
M+=VL%Y"EU<))QGPX_9@_X*K?'GQ'\5?`N@?\%I_B+\+]0_9R\:/\)/$_BG3_
M`-B_]FWQ-<_&+54L(-:/CK5=-U#[!!X4NV@O4TW^PM-N-2L@EN+C[7YDC(/6
M!_P3'_X*^`EA_P`'!?Q9#$JQ8?\`!/\`_98!+*NQ6)_M/)*I\BGJ%^4<<5WY
MGE];*\7+!5YTZE2-#!UW*DY.'+C<'0QM-)SA"7-&GB(1G[ME-247*-I/CP&-
MIYAAHXJC&I"$JN)HJ-114^;"XFMA:CM&4U:52C*4/>NX.+:C*\5T%U^TY^U1
MX"T3Q/\`'W5_B]J/BG0=3T[]NGP[9?"'4OA=X?N?"7A&X_9O3QEJWPP\6:#)
MX.T*U^).KZ[J*:$NG>*]/OM:U^P\3V<UDOA[1-"U"VDGU/Z-_P""9_QP^(/Q
MUM?B]XB\:_&KQ)\1;/3;KP+IVA^"_&][^SY)XS\%7!\/23>*]4U72_@1HMFN
MD:7XD\6MK-KX8MO%6J7FI?V)X?ME:RLKN+4)[[XK\;?\$E/^"JOQ&\(^)?`?
MC7_@OK\4=?\`"7C#1-5\.>(]&NOV`_V8(H=2T;6[26QU2T:XM-9M[RV-S;3R
M)]JL[FWO('*SV]Q#/''*O#?#C_@B;_P4H^$_B+Q/XO\`!/\`P7J^,UKXM\9:
M3X8T#Q)XJU[]BOX$^-O$NH^'O!<6H1>%/#O]N^-_&7B+5;/P]H+ZOK-[IV@V
M%W:Z1#JNN:YK'V,ZKK6J7EWP'8?TMT5^`_\`P[+_`."P'_2P?\7/_$`OV6O_
M`):4?\.R_P#@L!_TL'_%S_Q`+]EK_P"6E`'[\45^`_\`P[+_`."P'_2P?\7/
M_$`OV6O_`):4?\.R_P#@L!_TL'_%S_Q`+]EK_P"6E`'[\5\\?M=_\FG_`+3_
M`/V;Q\:O_5;>):_([_AV7_P6`_Z6#_BY_P"(!?LM?_+2L#Q7_P`$H_\`@K%X
MW\+^)/!?BG_@O_\`%G5O#'B_0-8\+^(]*D_8(_9CMH]3T'7].N=)U?3WN++6
MK:\@2]T^[N+9IK2X@N8ED+P312JCJ`?M%^R[_P`FS?LZ_P#9"OA'_P"H!X?K
MW6O"?V8?A+XL^`O[/?P=^"WCCXHWWQK\4_"[P#X?\#ZI\5-3\+:3X*O_`!J?
M#MFFG6>KW/A70KF\TG1)/[/@M+7['9W=R@6V61YY99)'/NU`!1110`4444`%
M<!\5G\7Q_##XAO\`#]%D\<IX)\3MX0C8E=_B1=%O#HR@Y7#MJ`@$9W+\^W+`
M<COZ*`/YX_A)X^_9\^$/[*%K\2O@M9?#G1/^"A(^$?AMOVF_%5IH=OX@^-F@
M>*'N=-M_C'XI^,EG:FXU?Q'_`,(?KM_K5[HUOXX?4]/L;9+(:0C:;%'&VWIW
MQ:^(WCKQS\.M%M/BE?\`[4_PQ^&/[7/PI/PC_:$O$^'[:E\1]1UCP#XLUOQ?
MX9O3\*_"O@SP7-'X,UO^S-&MKW3-!M'-O?Q0WUQ=W<;7#_OVMO;JTKK!"KS\
M3.L2!IN,?O6"YDXX^<GCBEC@@A18XH8HHT.Y8XXT1%;U55`4'W`!H`_G<_9U
M^*WQ,^)_[:/P-^(NH_%>?XU_%*3X$?M`_P#"5?!?4;/P7X.TKX)>,8?$^F6<
M?P[34_#WAFVUO0(?[+M[>Z:R\?S^*/$3R$WJ:C]CN8;>/ZG^.?QR_:^7X_?$
MKPQX,O[SP6GP>_88@_:,LOA#X7T?PIXUB\??%N]\5_%7PY:^%M9\8:OX>GU.
M_P##4-MX9T>]?1O"<?A[7]5N8D@M-6LS<&.?]?5AB1F=(HT9F+LRHJLS-@,S
M$`$LV!DDY.!DT[8N\R;5WE0A?:-Y0$L%+8SM!)(7.`23C)-`'\S?QK^-7COX
ME_!CQ5X3T_\`:$U/]J_X>#Q__P`$X/B-K?C6Z\/_``^LI/AA\6/%'[>7PJE\
M2?"2POOACX4\*Z7+I6B>'K#2-2MO#_B*VUCQIX:LY%E\0^(M22_MI$]>\2?&
M?XN_"'P[XJT+P1XD7X4^$/B3^WM^VEI_CWXS7/B+P#X-;P7_`&/XJU_6/!FE
M6WB+XI^#?'W@C2SXQU`W\B7FK^$M26[C\/MI-E/97FJP3U_0$MO;JK(L$*HS
MB5D6)`K2!@XD90N"X=0X<C<&`;.0#2R0PRQM#+#%)$YR\4D:O&YW;\LC`JQW
M_/D@_-\W7F@#^4C_`(*;?'W]H3QQ^Q+^U'\,OC9\;O!W@JRN_P#@E/IWQ(\%
MCX31>"-;\%?ME?&#QW8_&_0?C)X?\/:AXAT36/$>H^'OA_X;\+?#37M-L?AK
M?>&-4L+OX@IKVMW6I>'_`.S]+K]C?VO_`(R>)?`7C[]FGP'J?QUU']E/X->,
M_"WQ#\4>,/C]8V_PRD$GCWX=?\*XOO`?P5N;GXJ^'/%_AZPL_B1H6L?$'7=2
M-OH4&N:CI7@&_P!,T'Q#H.HW,=Q)^E#VMM)L$EM!((DDCC#PQOY<<J>7+&FY
M3L22/]W(JX5T^5@5XI\L,4RA9HHY5#!PLJ+(H93E6`8$!E/((Y!Z&@#\07_:
M<^,^I?%F]L_^%TMK/C2_^/\`J_PDN_V/I_"_P^&E6?[/5IHPN%^-][;MX8G^
M)9U'4_#!;XD2:U>^+4\#-:7J>"1X;75()I7\Q\"^-_'FG:)\./'_`(7\2_#_
M`.#GC.3_`()C13:5XGUC2_#GP^^'/A35KCXI?#=8X$MH_#UUX/\`"%HD8:&Q
M\WPW<Z+I;F.:XTN:UCDC/]!GDQ>:9O*C\XQ^49=B^:8L[O+,F-QCW?-L)VYY
MQFAH870QO%&\90Q%&C5D,9QF,J05*'`RF-O`XXH`_,BZ_:F0?\$_(?C</&WQ
M@TJYN#<>%!\1KBW^"M_X[MM1/BR\\+CQ5_PD$6@)\"!X?BEC%S;>/9_#S>$5
MT>.'5=0TYIVN+6OC[X:_M%?M:_%CX>0Z'I?[0^I:'?>$M"_:0OD^)ND^#OA5
MXVUWQZOP?TW3=4\#W6M:G!X+TGP%?IK,D[P>([OP9X.\-6FLV+O'H"Z+<[-3
M/[\"&$1>0(HQ#MV>2(U$6S^[Y>-FW_9QCVI!#"N-L,2X!48C084@`J,#@$``
MCH0`.E`'\I_[;O[1_P`9_C;\)]9\/_%KXF+\-?L-_P#L'^(OAU\&]$T7P?#9
M_'R/Q?XZ^'.M_$CQRT&LZ5K'CZ*V\+>*5FTVSM_#'B/3=-T*(-;ZY#JD[+<#
M]COVJ/CGXG^%G[0/[/'AZ#XMWFA^$?&(TC0K[X4^`+[X8?\`"TO$&O>(=;N=
M)L_%%UX;^(7AC7=6\5^`+"!4CU*W\`7VC^(="EL;[6KT:AI4<L,/Z0O;6\C*
M[V\+NB[$=XD9E3(;8K%257<`VT$#(!QD"E>"&22.5X8GEBR8I'C1I(\C!\MR
M"R9!(.TC(-`'X$?!OQS\=GTCP'\'?!_[7'CZ/Q7X_P#VZ/VA/AK\4M5U?0OA
M5XU\??#+P9HEE\4/$VB:9X?M=2\%)9>&-1UF?P_HFIV-WXPT;Q/IUKIM[<6>
MBZ);:=-IL>G\OX:_:1\4^%=*\+^!]<^/'AK]C_P!XO\`VH_^"IVA^+/B1X1^
M'_P>\(S,OP2_:7CL?`6KA/%'@K5O!<?B?Q';7FIS^*?$%YX:U"^\;WVL:I?W
M2S^(=0LM5M/Z(!#$K,RQ1JS/YC,$4,TFW9YC$#)?;\NXY;;QG'%<!X@^%?@C
MQ1XY\#?$76M'6[\5?#FP\9:;X4O#-*EO96OC[_A'_P#A)TFL486EZ]^WAC1G
M62ZBD>W>V9X61II"P!^3OP-_:P^.6L?%_P#8TL/CAXYFL]2^-GP:^'=KK'P3
M\`GX>V&OZ7\3M7^'GQ`\8>+O&_QA^''BKPLWQ4T[X>ZU8Z/X8U'PGX@^'_B6
MSM_!VOQWWAGQKH?V&:XU-OVEJ(P0&59S#$9T3RTF,:>:L?)\M9,;U3))VA@O
M)XY-2T`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%?%
M?[;OQA^*OPB\*?!"'X/7_AG2O%OQ;_:5^%_P2.I^+-&FUW2-/T[X@6GB>![Y
M[&WN[.8R6FHZ?IMP9(Y';[/'<1+$S2@KWY7EU?-L?ALNP\J4*V*FX0G7E*%&
M'+"524JDH0J245&$F^6$GV3./'XVEEV#KXVO&I*E0C&4HTHJ527-.,(QA&4H
M1<G*44KRBN[1]J45\(?\(-_P41_Z+Q^SM_X:CQ'_`/+JC_A!O^"B/_1>/V=O
M_#4>(_\`Y=5Z?]@X;_HI>'O_``;FW_SH\_ZLSC_M6O\`]"3.?_`,O_\`GC_5
MO2_W?17P.?`W_!1W)V_';]FW;D[<_"KQ1G&>,XUC&<=<<9I/^$&_X*/?]%V_
M9L_\-5XI_P#EO3_L##?]%-PY_P"#LU\O^I1Y_@R?[7K_`/0BSK_P7E__`,\?
MZMZ7^^:*^!O^$&_X*/?]%V_9L_\`#5>*?_EO1_P@W_!1[_HNW[-G_AJO%/\`
M\MZ/[`PW_13<.?\`@[-?+_J4>?X,/[8K_P#0BSO_`,%Y?_\`/'^K>E_OFBO@
M;_A!O^"CW_1=OV;/_#5>*?\`Y;T?\(-_P4>_Z+M^S9_X:KQ3_P#+>C^P,-_T
M4W#G_@[-?+_J4>?X,/[8K_\`0BSO_P`%Y?\`_/'^K>E_OFBO@;_A!O\`@H]_
MT7;]FS_PU7BG_P"6]'_"#?\`!1[_`*+M^S9_X:KQ3_\`+>C^P,-_T4W#G_@[
M-?+_`*E'G^##^V*__0BSO_P7E_\`\\?ZMZ7^^:*_/.;P1_P4X$K_`&?XY?LL
MF'=^[,WPP\9K*5_VPFHL@;_=8BHO^$(_X*??]%Q_94_\-EXU_P#D^M%PYAW9
M_P"M/#&O?$YKY;_\)']6?E?/^VZVW]@9]_X(P'_SQ\_ZLS]$:*_.[_A"/^"G
MW_1<?V5/_#9>-?\`Y/H_X0C_`(*??]%Q_94_\-EXU_\`D^G_`*MX?_HJN&/_
M``IS3_YT?U;TN?VY6_Z)_/\`_P`$8#_YX^?]69^B-%?G=_PA'_!3[_HN/[*G
M_ALO&O\`\GUK)X2_X*4*BA_BW^RR[A0&<>!/'*!F`Y8+YQVY/.,G'K42X=H1
MM;B?AJ=_Y<5F6GKSY7'\+[>EZCG566^19[#SEA\&[[?R8^3ZWUMU['WW17P-
M_P`(G_P4E_Z*S^RU_P"$-XY_^.T?\(G_`,%)?^BL_LM?^$-XY_\`CM3_`*OT
M?^BCX<_\*L?_`/.TK^V*G_0FSK_PFPWE_P!1GG^#['WS17P-_P`(G_P4E_Z*
MS^RU_P"$-XY_^.T?\(G_`,%)?^BL_LM?^$-XY_\`CM'^K]'_`**/AS_PJQ__
M`,[0_MBI_P!";.O_``FPWE_U&>?X/L??-%?`W_")_P#!27_HK/[+7_A#>.?_
M`([1_P`(G_P4E_Z*S^RU_P"$-XY_^.T?ZOT?^BCX<_\`"K'_`/SM#^V*G_0F
MSK_PFPWE_P!1GG^#['WS17P-_P`(G_P4E_Z*S^RU_P"$-XY_^.U83PO_`,%'
M0H#_`!1_9<=AU;_A#/':Y/\`NAB!^=)\/T?^BBX=?IBL=^N7(:SB;_YDV=+U
MPV'\NV+??\'V/O&BOA#_`(1C_@HW_P!%/_9<_P#".\=_XT?\(Q_P4;_Z*?\`
MLN?^$=X[_P`:/[`I?]%#P]_X5XW_`.=_]6]+G]KS_P"A/G/_`(38?R_ZB_/\
M'V.=_8F_Y+3_`,%`?^SH9O\`U$-(K]$:_)WX>_LZ_M_?"+Q3\6O%'A/XA_LY
MZI??&?QPWQ!\5&]T#Q<+>UUMM/M],,&FQ2>4\-I]GMHVV,9#O+'?SBO5_P"R
M/^"F?_0W?LQ?^$_XK_\`CU>[Q!E>$S/-)XS"\1\.NC+"9513J8W$TY\^$RK`
MX.M>#P5TO;4:G*W\44I65['DY+C<3@,OAAL1DV<*K'$YA5?)AJ,X\F)S#%8F
ME[RQ-K^RK0<ETE>.ZU_0NBOST_LC_@IG_P!#=^S%_P"$_P"*_P#X]1_9'_!3
M/_H;OV8O_"?\5_\`QZO%_P!7(?\`11<-?^'#$>7_`%!>?X/L>K_;,O\`H39W
M_P"$E'_YJ_JWI?\`0NBOST_LC_@IG_T-W[,7_A/^*_\`X]6I;6/_``4?CA5+
MG6_V9[F8%MTRV'BZW#98E0(@D@7:N%^^<XSQG%3+AV*5UQ!PY+RCF%9/I_-A
M(KKW[]AK.)-ZY1G,?-X2G;II[N(D[_*VCUVO][T5\'_9?^"B_P#T$_V:?_`;
MQ?\`_&:/LO\`P47_`.@G^S3_`.`WB_\`^,U/^KZ_Z'G#_P#X<9?_`#/Y_P!6
M97]K?]2O-_\`PC7_`,N/O"BO@_[+_P`%%_\`H)_LT_\`@-XO_P#C-'V7_@HO
M_P!!/]FG_P`!O%__`,9H_P!7U_T/.'__``XR_P#F?S_JS#^UO^I7F_\`X1K_
M`.7'WA17P?\`9?\`@HO_`-!/]FG_`,!O%_\`\9H^R_\`!1?_`*"?[-/_`(#>
M+_\`XS1_J^O^AYP__P"'&7_S/Y_U9A_:W_4KS?\`\(U_\N/O"BO@_P"R_P#!
M1?\`Z"?[-/\`X#>+_P#XS5N"+_@H8B8GN/V;)WW$[U/C"$8XPNT6C].><\YI
M/(+?\SOA]^2S%_K02Z_U9A_:W_4LS=?]R:_2JS[EHKX@V_\`!07^]^S=_P!_
MO&/_`,@T;?\`@H+_`'OV;O\`O]XQ_P#D&E_8/_4YR'_PX_\`W+S_`*LQ_P!K
M?]2W-O\`PC_^Z'V_17PI>R_\%$($1K2S_9POG9L,BWWBJWV+@G<6GL@&R>-J
M\]^E9WV[_@H]_P!`#]G/_P`'/B'_`.1*I</2DKK.N'OGFM.+^Z4$U\T2\X2=
MGEF<?+`3:^]3:/ORBO@/[=_P4>_Z`'[.?_@Y\0__`")1]N_X*/?]`#]G/_P<
M^(?_`)$JO]7)?]#KAW_P[T?_`)'^ODQ?VRO^A9G/_AOJ?_)'WY17P']N_P""
MCW_0`_9S_P#!SXA_^1*TK'5_^"AD*N+[P?\`L[WS,P*,GB?Q)9[%QRI5=-FW
MY/.<CTQ4OAV:5UG/#TO)9O0OT_F45UZOOV&LXBW9Y;G$?-Y=5M_Y*Y/\#[JH
MKXC_`+=_;^_Z$#]GO_PL_$W_`,IJ/[=_;^_Z$#]GO_PL_$W_`,IJC^P*O_0T
MR'_P\8/R_O\`G^#+_M:'_0#FW_ANQ/\`\C_5O2_VY17P[/XA_P""@<:;H?AS
M^SY</N`V#QOXBCXYRVZ31PO'`QU.?8U4_P"$G_X*&?\`1+/V?O\`POM=_P#E
M35+AZL]5FG#_`,\ZP*[='43Z_@Q?VO3_`.@'-_\`PV8I]NT'W_!GW;17P+J?
MC'_@H78Z;J%ZWPO_`&?T6SLKNZ9U\=ZY(R"W@DE+",Z4HD*A,A"RAR-I89S7
MJ/[$WQ>\:_'G]F'X6?%OX@C2?^$K\9:?K5YJ1T.S?3]-;[!XGUK1[=H+)YKA
MK8^1IT:NGGRAG!DW#?M6,7P_BL'EU3-'BLLQ.&I8W"X"I]1S"AC*D*^+H8S$
M4>:%!S4(.G@<1>4Y1]Z*45)7<3#YQA\1C88!8?'4*]3"U\9#ZUA*N'A*EAJN
M%HU>6551<IJ>+HZ135G*[3LI?5-%%%>$>L%%%%`!1110`4444`%%%%`!1110
M`4444`%%%%`!1110`445^-7[6'[4_P#P5$L_VN?&G[//[`G[-_[*?Q=\*_##
MX&_!+XI>/_$OQ_\`BOXU^'>NVFN?&KQ?\=?#VCZ1HEKX>LKZQU+3;>S^"M[=
M33NL-S!<7@1S+')%Y8!^RM%?@/\`\+O_`.#D3_HQK_@FK_XD[\4O_E#1_P`+
MO_X.1/\`HQK_`()J_P#B3OQ2_P#E#0!^_%%?@/\`\+O_`.#D3_HQK_@FK_XD
M[\4O_E#1_P`+O_X.1/\`HQK_`()J_P#B3OQ2_P#E#0!^_%%?@/\`\+O_`.#D
M3_HQK_@FK_XD[\4O_E#1_P`+O_X.1/\`HQK_`()J_P#B3OQ2_P#E#0!^_%?G
M?_P4-_X]_P!B?_M(5^S-_P"E'BZOA?\`X7?_`,'(G_1C7_!-7_Q)WXI?_*&N
M$\=Z9_P7I_:!'@^/XM?LH?L%>"D^"_COP[^T!\-SX*_:%\?ZNWBOXL_#9KJ3
MP9X*\5#5-"`TSP7KSZM?C7M7T_.IV2VUL;0$R/7T/"N)H83/\OQ&)JPH4*<J
M[J5:DN6$%+"UXQYI/17E*,5W;2/%XAH5L3D^,HT*<ZM6:H<E."<I2Y<31E*R
M6]HQ;?DF?T9T5^`__"[_`/@Y$_Z,:_X)J_\`B3OQ2_\`E#1_PN__`(.1/^C&
MO^":O_B3OQ2_^4-?/'M'[\45^`__``N__@Y$_P"C&O\`@FK_`.)._%+_`.4-
M'_"[_P#@Y$_Z,:_X)J_^)._%+_Y0T`?OQ17X#_\`"[_^#D3_`*,:_P"":O\`
MXD[\4O\`Y0T?\+O_`.#D3_HQK_@FK_XD[\4O_E#0!^_%%?@/_P`+O_X.1/\`
MHQK_`()J_P#B3OQ2_P#E#1_PN_\`X.1/^C&O^":O_B3OQ2_^4-`'[\45^<O_
M``3/_:+_`&M_VF/A#\4/%W[87PF^#?P@\?>!_P!H7XN_!72=!^"OC'Q!XT\.
MZC:?!GQ)-\.O%>JWVH>(H8;N&\/Q&\/^,;'3UA46]YH%EI&IA(9;V2&/]&J`
M"BBB@`HHHH`****`"N;\8^'&\7^%?$/A==>\0^%VU_2;[2AXC\)WZ:5XFT0W
ML#P#4M"U*6WNX[+4[7?YMI<O;3K%*JL8VQBNDHH`_GY_9'U3XD?#_3]&\:^,
MOVC/VEOC%?>(O^"EGQS_`&4M/TGXA?$RPO\`0-,\#?##QY^T'X<\*37&GV?A
M:R:_N'T/P/I4>NJ\\?\`:VH6]K?EK<VYBD^B6_X*(?&+2-*\8_$?Q'\)?`R?
M"M_`O[8U[\-SI?B759?%\_CG]C^X\8OK%MXPMIX!I\/AOQY8>%YGT>;27?4-
M)GM9UU!6%W:X_1O3/V?O@UH]G9:?IGP]\/VEEIOQ8\1_'.QMXK>01VWQ;\6Z
MAXDU7Q'XZC!E)&N:MJ'B[Q)=W4Y)1I=7NRL:AE"\'\2_V3/A'X[^$?C'X5Z5
MX:TOPE'K_@[XZ^&_#^LZ9:;[CPAJG[0>B>(M+^('B/3()9&C>^U>[\2ZAJEZ
MDVZ.XN)'&%5L``_,;]HK]LGX[7?ANT\`^(K'0OAYXP3X_P#_``23^)OAGQ#\
M,-;U._L]0^"7[4'_``4%\`_"W6O`GBJYU&,-!XEF\.^&?$.C^)([,?V3K6A>
M)R=,;9!<L/6OB=^WC\7;;X@?&;X>_#RV^$6M:59^!OCK_P`*N\9Z7/XOO_[#
M\?\`P+MKR3Q;IOCF\>W30=2FM)(SIT^F>&)9KG2->L+S3M4=6BE5?M#P5^Q5
M^SAX,\%Q^"X/ACX?U&TG\2_"/QQK5WJ"WM[=:QXX^!OB/0?&GPP\1S7%Y>7%
MQ"_@WQGX<TSQ-X>T^"9--TS5(I)H+4&>X\W<TW]D+]FW2/%OBCQQIOPD\+VG
MB;QE-XMN/$=]#'=K%?S^/8;F'QO,-/\`M7]G6DOBW[9=3^();.UMY-5NYY;R
M[:2YD>5@#\^=8_X*%_'OPA<^!_A_;_!W3/BK\3_#WP#^%WQO^+NG^"-,\77$
M?B'2OB;>Z_8Z!I'PZF=([2U\0RVWAJ^OM3?Q#(-+MKV1+5'2&2%G^YOC?\;O
MB)X8^)/PK^#OPG\.^#[_`,;_`!"TGQ1XPO+_`.(M_JVF>&=+\)^#([)M9MXI
M]&CDN9_$5U-J%M#8VY(MX8A<7MS_`*/;R$7A^Q;^S*+?P1;K\*]*C3X=:2^@
M>$)(=3U^"YTS0WU,:P-'>[@U:.YU#38M1`N;>SU&6ZAM3E+=8HV9&]&^*GP(
M^$WQL@T&#XG>#;#Q0/"][+J&@33W%_97>EW,]N]I<-;7FFW=G=+'<VSM!<P&
M8P3QG;+&PH`^"K+]N'XHZO>V'B#5/`?A+3_@WXX^(WB[X'>&KK0]?U:3XH67
MC3PYIM]'>^([N!X&T:#P[)JEG=)920![ZVLDM=5G5H)TSX?I'[3?QCTWXV:3
MKO@NR\4_$1$_X)XVGQ$TCX8:IK4NI?VQXRD^/Q\,2^(-0FAAMI]1U2UT+SI+
MF2UBCNKFSM7MK:+S63/Z?Z9^RI^SWHWC.X^(&F?"[P[:>*[F*[C?4HQ>M'&V
MH:<NDWUS;Z?)=OIMK?7>FHEE<7UO:1W4L"A6E)R2^_\`V6/@!J6UKKX9Z%YT
M?@*/X8175NU]97D'@*+7F\3Q>&H+NSNX+F&PCUYFU-1%*L@N26\S;\M`'D-_
M^U)>_P##*5A\;-'\0?"VX\7ZP]OX>TJ:^7QC;>![CQQ>7LNFPZ&-,%E_PFLE
MXE]&UO)I"6G]I&2*;&(T,@^4=._X*&?'OQQX)\&K\.?A%\/)?B7?>%OCUXF\
M6VOBW7O$.D>%H%_9T\2Z;HOBVST1(X'UJ.;Q3#=3?\(X-54'3;AH6U?]TD@K
M]&+K]FCX%WOPILO@C=?#G0Y?A?IMS;WUAX5)O1;VFHVMR]Y;ZG!>K=#4X]3C
MN9))AJ`O?M9>1RTQ#L"SPO\`LR?`;P7;V5MX8^&7AS2(M.TGQOH=G]GBN7DA
MTKXD74-]XYL_-GN)97C\37EO#<:HTCN\TL88.IS0!^-G[</[=_QX\8?"+Q)>
M_`JRTCX;^#_`?Q$_8+LOB)XJO]7U2U^([ZE\=_CA^S_K9T?P/':P/H=[X=;P
M=XLO?#/B>2^87-V-0O4LL1V\Q'ZB_&C]HKQ)\)?BO\$?"%WIGA_2/AQX_ETB
MP\1_$GQ1'KLNGP>(]?\`$FE>$_#G@BPN-%CFMM(\1^)-1U>U_L2Z\0K%I6I7
MA738ITN"PKIO$W[&'[+_`(RU'0]5\3_!OPGK%YX=L/"FFZ3]JCO?LT-KX%U&
MVU;P=YUC'>1V5[/X:U"SM;G1[J]M[BYLG@A$,JK%$$]!\:_`7X1_$7Q9X3\;
M^-O!6F^(O$G@B72Y_#-[?RWS0Z?/H>JC7=$F.G)=)IMW-H^M!=5TR6\M+A[*
M_2.Y@998HV0`_(WX,?MU?&'X&_"WQ#XV^.WAS3/&?P;CTK_@H-X]\'^*M%UC
M5=3^*CWG[+OQ?^+'B+5?#_B32)K=M.ET75?!-A'H?@K^QC+>Z<WAE8-4C9;^
MT(]!O/\`@I9\5O!7PD\:^.?B1\`KVTU*/Q7^S+X4^&6M:)I7BB+P1XHU3]J+
MXBW?PZT33;Q=25M=FNOAI>1:;K'CF\TU!IU[I6O:-_8DK7$[A?TNL_V?_@S8
M6.AZ9:_#OPY%IOANX^)5SHNGFS,MG8S?&&\U34/B:4MY7>-T\97FM:K/K4<J
MR1W#7UP-JJ^VN+T7]C_]G#P_X!\3_"_3?A?I"^`_&,.C6_B#PY=WVMZC974/
MAR3SO#Z0-J&IW,^G'1)\7.ER:=-:2V5RL<\,BRQ1.@!\`:K^V'^U[K'Q(_86
M\/67@7P5\/HOBO\`M&_&7X2?%C2O%>G>);./QKH?@7]G7Q[\5-#\1>!UNA_:
MFC:'J%QH+&%M67[>==T5;251I<]P]?:W[,'[0WBKXRZW\5?#7Q`T;P]X*\8>
M`_$#0Q_#^VCUZ+Q7I'ABYU?7]-T'7/$+:K$NF:A9^)K/1H=8T74_#T\]C+;7
M;PS>5-"%/<2_LI?`"X\/^"O#%S\.M-N](^'/BRX\<^"4N[[6;J]\.>*[O3[S
M2;K6M.U2XU&34XKJYTK4+[3+@?:S#-874]K)&T,KJ>J^&WP(^$_PBU7Q3KGP
M\\&V'AW6/&DUM-XFU.*>_O;[5/L<MW/9P27.HW=W+%:6LM_>/;V=NT5K"T[E
M(AQ@`]<HHHH`****`"BBB@`HHHH`***_GF\/?MB?\%W/C-)XS\;_`+._[&?[
M`GB'X*0_%OXV^`OAUKWC_P#:`^)7AGQGK6@_"3XP^.?A.NJ^(]"M-*N[33=3
MO[SP3=74UO;7$EOB59(=D;K&H!_0S17X#_\`"[_^#D3_`*,:_P"":O\`XD[\
M4O\`Y0T?\+O_`.#D3_HQK_@FK_XD[\4O_E#0!^_%%?@/_P`+O_X.1/\`HQK_
M`()J_P#B3OQ2_P#E#1_PN_\`X.1/^C&O^":O_B3OQ2_^4-`'[\45^`__``N_
M_@Y$_P"C&O\`@FK_`.)._%+_`.4-'_"[_P#@Y$_Z,:_X)J_^)._%+_Y0T`?O
MQ17X#_\`"[_^#D3_`*,:_P"":O\`XD[\4O\`Y0T?\+O_`.#D3_HQK_@FK_XD
M[\4O_E#0!^[?BC_D6?$7_8"U?_TWW%?%'_!,/_DQ']GK_L7_`!/_`.K`\6U^
M>MS\8?\`@XZU.WN--O?V(/\`@FW;V6H0RV-W/;_M-?%![B&UNXV@N)H$?0=C
MS1Q2.\2O\K.JAN":Y#X=0_\`!?+]F?P7H7P-^"O[)?[`OC[X8?#^"XL/"?B_
MQ]^T/\0=#\7ZU::G?76OWLVM:5I&A'3K.:WU75K^RMTM3M>SMK:9_P![(]?0
MT,30CPIFF$E5@L35XAR'$4J#DO:3H8?+>)*5>K&.[A2J8K#PG+92K4T_B1XU
M:C6?$.7XE4YNA3R;.*$ZJB^2%6MCLCJ4J<I;*=2%"M**ZJE-KX6?T6T5^`__
M``N__@Y$_P"C&O\`@FK_`.)._%+_`.4-'_"[_P#@Y$_Z,:_X)J_^)._%+_Y0
MU\\>R?OQ17X#_P#"[_\`@Y$_Z,:_X)J_^)._%+_Y0T?\+O\`^#D3_HQK_@FK
M_P")._%+_P"4-`'[\45^`_\`PN__`(.1/^C&O^":O_B3OQ2_^4-'_"[_`/@Y
M$_Z,:_X)J_\`B3OQ2_\`E#0!^_%%?@/_`,+O_P"#D3_HQK_@FK_XD[\4O_E#
M7/?"S_@HC_P5-\"?\%#?V)?V,?V[OV6OV2/AEX7_`&S[#]I:]\+>+_@7\6/'
MGQ!\0::/V<OA!<?$?65N;;6[73]-LOMNHZAX5TV/SXKDW%E>ZI)$89[.,N`?
MT,US_BW5KK0?"OB77+*U:]O-&T#6-5M+-02UU<Z?I]Q=P6X`Y)FEB6/`R3NP
M`3704C*&4JRAE8%65@"K*1@@@\$$<$'@C@T`?C5\,?BEXX^'O[-&C_MV>*OC
M9\0OBAXQ^)_ABVOIO@AK?B/1+3X3Z1XC\3ZP^F:7X=T728+"*]\+)X*NKJWL
M/$%]]ON[B1]-NVNXH))2J]O8?M>_%&Y^*OAGX)_%CP_INA_$_P`%_M!?"7P9
MXMO_`(4:[K</PXU_0_BOX?\`$>OZ!Y-SKUE)J&K?V;9Z,T'B#1I6MP+UH9$F
M6*1`?L"#]B_]EZWO_%VH1?!SPJLOCJTUFR\3VQ74'TO4+?Q%,+C6Q'I#WS:7
M82:G<#[1=3:?:6LK3DRJZNS,>A\'?LM_`+P#IVCZ7X5^&FA:=;:#XQM/B!I3
MNU_?WEMXRL+8V=CKYU#4+RZOIKZSM6:WMFGN)8X(F9(XU#'(!^>OP,_:O^*?
MA+P7\#+;Q2-)N_!GCOQ[\1-&\4?%CQY-KUW#::FOQ,UK0?#O@ZTET6&9-.U*
MZM4METV^UM8]*D)BLA*LQ`/[$5\YW7[)/[.U[=^$+NX^%V@LW@/4;G5O"ULL
MNI1Z?INI7>KS:_/>'3$OET^[F;6;B;4@U[;7&RZ?S4VE4V_1E`!1110`4444
M`%?`?PH_Y27_`+;7_9H__!/7_P!65_P4&K[\K\N?%VD?MF?#K]O']H7XK?!'
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MO>%O$5DDW[%K"#5=!UFSM=2TV[3$MK=P131D,H-8]XW[:&H:S)XBOO\`@F]^
MR;=ZY)XJT7QP^J3_`+<FM27I\7^'(3;Z%XB\]OV+"XU72H"8K*[!\V",[48"
M@#U3P[^U/XNE_90\0_%[QS%\/_!?Q*\(:WKG@+7-\/B?6OA_=>-]$UY?#\5S
MHVEZ;(WBV\TW6[B6WGT[1(KJ;5(WG-I)?2")[H_&?@C_`(*4_M`?$C_A!/A[
MX8^&GPUL/BUKOQ._:E^&NO:OXIB\6Z9X/AF_9FT#P[XANM8LO#$>K/XBL!XK
M@UY;*'3+_7;J?2Y(Q<RSSKFWKVW6+/\`;%U_P/X@^&NM?\$U_P!DG4O`7BN_
MO=4\1>%;O]N/6Y=&U?4M0NDOKR_O+-OV+/+EN[B\CCN7G($AG19`P89KE_"/
MP]_:8\!2^'Y_!W_!+;]C7P[/X5O/&6H>'I],_;8U:WFTJ_\`B'9VFG^.+VTE
M7]BOS$NO%5C86=KK<^XR7\-O$D[,$%`'AO[3'[<WQF^+/[.OC+5/A+I_AGX=
MZ3X?^%OP3\>?$'6-5OM=M_&`O?B%\1_#VGP6/PXU*QO;33X+>R$,]M>W&J6V
MI->Q7,UD@MYE9C]?_M":GXD^)GQE_9G_`&8KSXG>//A+X%^*'PC^(7Q!\1^*
M?AOXLO\`P%X\\5>(?`S>`8-*\+:)XVTV:#4M,2"+Q!?:UJ]KIDJ7>H0>0LI:
MUBE6O&?$/P<^/OBQ?#2>(O\`@E)^Q5J\?@_2;?0O#,-Y^VIJLD.CZ/9W\FJ6
MFG6D7_#%8C6TM-0EDO+:%E9(+AVEB"L<UWOQ/TW]L'XT>';#PG\5/^":O[)'
MCGP_I4B2Z7IOB#]N/6[Z'3)8XTA633V?]BWS;-C#''"YMWCWQ*J/N4`4`>1>
M+?B_\??V>?VA?BW/\/\`Q5I'QB^$GPD^#W[*%[\0A\4?$.M:MXLUKPUXG\<?
M$WPEJ^H^"]8TB[BTN+QNT<EEJVJ:WKMIJL&MIH$.FS6\-U=B_@]-O?VWOCY?
M:E+9:!X.^%EC%\0OVPO'7[&7P8N-8@\8ZA%I_BWX?W'Q=UG5O'_Q+N-/U.TM
MT\/7OA'X77-CI6A::^EW=YXNGM+9-7\O5[.PA=:>&_VL+#2]5T2Q_P""8_['
MUII6N>&O"_@[6+&#]MS6([?4O"W@F]N]1\)Z%>(/V*_W^F^'[Z_O;K2[:3<E
MK-<S/&`SL2:_X:_:P\4^#=<^'WB#_@F1^R!JG@OQ+XPO/B#KGAVZ_;>UE]-U
M'QQJ&NOXFO?%EQ"/V+!G7[G7Y)-5EU-2MT]Y(\ID)=L@&1=?MU?M"ZA'X>\"
M^&/!?P=/Q4LIOVQ=*\<ZYJ%WXHU#X=76J?L@>*?AQI>J7?A.UTW5K?6([/QQ
MIOC*\M#IVH:M>7GA#Q'"]C?W6HG1KZ"\\XU'_@J%\8_!7@FX\0>.?A/X2U#6
M/B1X/_8O^('P5T_P)#XEU>'P_H7[9/C/_A7.BZ9\3(KC48YM9OO`^N6\NNZI
MJ>@7'AVQU73+N#2;>"QO(3?S>O\`A_PW^UAX5TSPGH_AW_@F-^Q[I&F>!O#O
MC'PGX2M++]MO5XHM!\._$*XTZ[\=:58!?V*\Q6WBZZTG3KGQ",EM5N+2&:[:
M21=U5-1\&_M1ZOH-WX8U/_@E[^QO?:!?>`/"7PLNM)N/VU]5DLY?AWX#FNKC
MP7X/,1_8JPNA^%[B]NI]$LDVQZ=-,TMMY;X:@#VR#XT_&CQ?^QE\<?'/C_PC
MJOPK^)OA#0_B%I%C=Z-;7?AV;6ET;0K:\TKQQX6TR^U;5]4\/1:@U^]O96>H
M:Q=WEM?Z;/-]H6&2$)^?G@_4_P!I/P=\'/#NKZEXA^/VF?";6?B;^QUI_@NY
M_:`\9P^*?BWJWB/Q!XLMY?BC=KKEMK?B&]/@#7(-0T^UTRQU+6'D=8YU2QLX
M01+]<^&X_P!L[PAX!N_A=X;_`."</[*>D_#Z_BOX;[PI;?MU^(!I%Y%J@"Z@
MES;/^Q>ZS"[0!)@Y.]`%/`%;>LZ_^W1XAT'1/"^N?\$[_P!E?5O#OAN]\/ZE
MH6C7W[=.N7&GZ5?^%)8)_#EW96TG[%AC@GT6:VMY=/D0!K9X4:,@J*`/"?C%
M^WQ\;K'Q?\8?`WP[F^%^I:')X#^+U[\+?'FF^%_&L?\`PC?BGX0Z+)J/B*S\
M0:IJFNKI'C2=I0;2(^&]*TVPTR^ADBN;N_,<D(Z<?M:_%SX;Z%XD\6>,+31?
M&/CWP_\`L@_!;XJW5K8ZMXGTSP'JFM^./&>C>'I%A\,W6IWT.E7CPZM]JO\`
M5;5OM-Q,IA`6T5(!%9_"_P#:+T_Q-XA\8V?_``2M_8OM_$_BN/Q#%XBUF/\`
M;5U47NK1^++)].\31W<G_#%>'77K*1[?55"@7L;'S]Y)-7](\!_M.Z%H4WAG
M2?\`@EU^QO9:#<>&=-\&W&EQ?MM:Q]DG\*Z/JT>O:7H$T;?L6-YFEZ?K$,6H
MVEHV88+J-)(U!48`//?''_!2[XK_``X?QW\-/&NE_"71?C%X'^(^@^'+GQ!;
M>'_B1XE\!7?A_P`6?##3_BQX>73_``=X:O\`4?'NHZV^E:I8^'=1N;:Y_LNS
MU63[;*D5O/;P5^K_`,#O%/C?QO\`"/X?^+_B/I&FZ!XU\2^&=-UK7]$TBTU&
MRL-+O;^!;AK.&UU6\O\`48/)1U#1W=U+,K9#[6!4?CA^T-^S5^V%\=-<T_QA
M:_L$?LJ^$/&$.KG5M>U#_AL:/Q/I7C2=/"^F^#=,F\7:%XB_8=O[#5[[PYX?
MTFRL?#5]+&)]*@CD@B9K>:2)OICX*WG_``4&^"'PM\%_"KP_^Q3\"-6T?P5H
MMMHUEJ&N?\%`?$=WJ5U'`"3),Z_L6)%$I9F\FUMHHK6UBV06\4<4:J`#U+_@
MG7_R2WX^_P#9_?\`P4)_];%^,=??=?GO_P`$X/"/[0W@OX4?&6P_:/\`A#X>
M^#?BSQ'^U[^UA\2_#^@>'?B=#\4[34_!WQ8^.?C3XD:/K/\`;4'A#P<MK;2G
MQ-/::1%/IXU#4M$M-.U[5;#PWJ6JW7A?1OT(H`****`"BBB@`HHHH`*^$OVS
MO%VOCQ/^S3\%+'Q_K_PI\-?'_P")7B+P;XL\=^%-87PWXI^SZ3X(U;7--\'>
M&/$H9+K0=>\47,4MU::AIK+JBV_A^]BM'7S9,_=M>?\`Q+^%7PX^,?AI_!WQ
M1\%^'_'7AEKVTU(:/XCTZ#4;.+4;!R]G?P).K&WO;5F8PW,#1S1AW57"NP(!
M^5/QLUSX_?L__&7X6>%_@!\1(/BJW@G]F+]H_P`=:XGQ\\5^(?$\.O:;X$\>
M_#74KK2M5U;0[VTU*]\86NERW_A30=>U6:Z.BO>27FJV6I".6UEZ#Q-_P4,^
M*EG9?%_QYH?P^\$#X<_#2;]FGPEI]GJ4OB.\\5:QX^_:LT?X)+X%GU*[TVXC
MTS1_!O@KQ%\6M_C/47LGDN/#UK]JAN-):QN[J?\`0WPW^SG\#/!^GZ7I?AGX
M6^#M&L=$\*>*/`VEPV6CVT?V+PCXUNK6]\6Z!"Y4R#3?$5Y8VEUJUN6*7D]O
M')-N90:M_P#"@?@L?#GC7P@?ACX-;PS\1]*TG0_'>BMHEF;#Q7I.A>'-.\(Z
M+8ZW`8]E]!I7AK2-,T:P67/V6QL+6&$H(8]H!\!ZG^V3^T9X>UV7X(ZGX9^"
M^J?'*+]I7P-\`V\5Z0_BM/A<+/XG_LZ>.OCMX=\0W/AY];N?$VGZQX;?PK;Z
M7K_AJX\0/-JFEW-IJUE<Z<FN6)MO$[K_`(*B_&GX<?#K7/C)\7/A-X'U7P8_
MP`_:D^(_AGPS\,)?$]SXO/C7]D/XC1_#KQS:ZE-JEW>VEUX:\?7MY%J/AB"S
MLK?4O#-I8S)J]_K#7*RP?JKX/_9I^`G@#2=!T3P=\)_!.@:9X8\=3?$[0;:P
MT2UC_LWXA3Z'J7AF3QC;R%&E'B#_`(1W5]1T1-29VN(]+NY;*-UMR$&E%\`/
M@G#:Z?81_"[P4MEI6E?$/0]-M/[!L6MK+1_BUK2^(_B7IMO"T1CCL_&^N*NJ
M>)(`NS4[P>=<AVYH`_/VW_;6_:1L?A]/'XF^$OAO1/B%XL^,7P=^%'PH\7:Y
MHWB+PU\--;E^,VJSZ?;ZMJ6@3^)=8\2R6W@<Q1KJ;P:]8)XDDOM/CTW[`[RU
MR7[./[2_Q1^&/[(O[7_QH^*0LOB%X\^&G[3'Q@T:+3=*U._/A82Z?%X(T[3=
M.TN\U&:ZO='\)6M[?27A@N;F:32[:6X@DN7E1IV_073OV2OV;-)^'VN_"FP^
M#7@6#X=^);JPOM;\(C1H7T>_N]*,;:7<26TF\+-IK11O821E&M70-"489KK?
M#'P$^#/@OP%K_P`+O"OPT\'Z#\//%,VHW/B/P=IVBV<&@:U<:O9VNGZI<:EI
MZQ^1=SW]G8VD%W+,KO,EO$'8[0:`/@OQQ^U-^U;X5\3CX56UC^SA<?$;PG\*
M/%/Q]\>>(;A?&\?@34OA]X9U*PM/^$4\*6B^)_[3L_&%]'>.TNL:CJNHZ5IZ
M1P7$FES)<JJ^%2_M4:W\8+[XMW>C1^+O"8T_QE^PMXBCM[KQ?K.H6=M;?%KP
MM/XAU/2='T>XD%AH5DA0P7ATR&"/7<QWUXC2;<?HY-^Q!^R3<Z#H7AFY^`'P
MUN-#\-7MYJ&AZ?/X>M98M.NM06W6^>`N#($NUM+9;B%G:&58(@R'8N/3C\!?
M@S_:&O:J/AKX034?$]SX,O/$%Y'HMI'-JUS\.[-M/\#2WKI&/.;PM9.UKHN[
MBQA)2$*O%`'B7P&_:*\4>/OB=\7?A[\2[;P[X*UOP2\VLZ!X/71]<LM9?P%%
MJ=YI=IXTG\37>JZAX:\3:+JLME,8[O18]/>PGCFMKVTC9,GXJ7_@I7\1K)OB
M_+'X8^'OCK2M#\&>!OB%\*?$?A[3/&?A?P]KNA^,/C1:_"5M.U"[\0ZG>7FO
MM:F9]2B\1Z/9:/IL\B^7%8S1+N;]1/`WP*^#_P`,];\4>(_`?P[\+^%]=\:,
M3XHU72M,@M[[6E::6Y,-[.`9)+<W$\\_V?(A\Z6239N<D\1H?[('[,/AL>(E
MT+X&_#C2T\6"P7Q%':>&[&.+58M+UVW\3:=!=1^64:WLM?M;?5[:!56&&_AC
MN$02*#0!\*V7[=OQ[O?$^I_L[_\`"+_"6#]I&Q_:/L/@6?%$T'BQ?@W!9:Q^
MSY8?M+Z;KSZ5_;8\3W5\/!.K:?X<ETU==MO,U];W487-A;&U,G[)_P`;_CW8
M_P#!-^W^*UAHR?%GXU1_%+XIZ6^G37M[KMH;1_VF_$_A76=1LD.H:=J?B+3/
M`G@]M0UO3=!L]2L]1UG3_#\.D6-Q'<7$1K[_`/%7[,/[/OC>/QA%XL^$/@77
M5\?^*/#_`(U\9-J&A6<LOB'Q;X5\-:9X-\.^(=1FV"6;5=(\*:-IGAZRO"XE
MBTBSAL`WV==E7Q^SK\#D^%Y^"L/PO\'VWPI^W76IKX#M-(@M?#D>HWVMW'B2
M[O8M/@$<45S/KUW<ZK+*FUWO9Y9V)=V)`/Q^^*_[;WQ@\!>+/B5^U%X!UCP%
M\0?A7\)/^"<?PU_:1^+GA^[L/&^BZ7KF@>"_BE^TA-\34^&7AS4-1M=2\+?$
M#5=,\(2:7:-XP_M(:7<Z%:Z/K%K=.OGP_4/AW]NKXL^,/VC?B#X+\+_!N;5?
M@O\`#'XMWWP;\4ZU#H^JGQ/;WEC\-O#GCRZ\>RZ\=<70[31;:Z\1VNDQ>%#X
M:N-8U"R,.L6NK^3>00K]GS?LN_L\3^#M?^'\WP<\`2>"_%/PB3X!^(O#3^';
M!M)UGX,QGQ`4^&VHVIB,=UX3#^*_$DATF4-;-)K6HR,I>ZE+7'_9O^!+_$W_
M`(7*?A9X.'Q0(LM_C5-(@CUN5].T_P#LFPGGN8POGW%KI873X9YE>5+-([</
MY<:*H!^8_P`/OV]OVG/CE\&OB)\1?"_PGL/`WACQ)^SEXI^./P>^)&M^%M=L
M=)\)W&G7F@V^C>"?&UI?^*9KSQ1XHU?2M<N=<MKW1+#P]8Z=)X>U73M4L$N&
M@0?0O@?]I3XZZ-XV_9N\&?&&'X=:7X?^*/P_\%7%Y\0-.\->+Y;#QM\1O%=M
M<W$'A/0;B+7KRV\%:HEFFFRQCQ1;7EGX@U&]N;?2KBT$"6Y^I/"G[+?[//@:
MX\8W/A'X0^"-`D\?V6KZ;XQ&G:+;P0Z]I^OWLFHZW8WT"CR'M-4OI9+N]@6-
M8YIV,C*35#PU^R/^S7X/UWP3XF\-?!KP-I.O?#BPBTSP-J=MH\(N?#%C!+?3
M6T&D,VX6JVLNIW[VS(-UNUU*8F3(P`?1=%%%`!1110`4444`%%%%`!7P'_P3
M*_Y-)TW_`+.$_;;_`/6VOVAJ^_*_'?\`97?_`(*+_`GX4:C\-;']BSX+:[I.
MG?&[]J+Q'H&N>,/VR[SP+XCUKPS\0_VF_B]\1?#.KZEX1T+]F?XDZ9H1U/P_
MXKTV]M;*+QKK4XLI[:6_.GW\EUI5B`?L117P'_PN+_@H_P#]&,?LX_\`B>_B
M/_Z"ZC_A<7_!1_\`Z,8_9Q_\3W\1_P#T%U`'WY17P'_PN+_@H_\`]&,?LX_^
M)[^(_P#Z"ZC_`(7%_P`%'_\`HQC]G'_Q/?Q'_P#074`>S?MB?%#Q;\&/V9?C
M#\3?`T*/XI\*>%A<Z7=RV\5W;Z&;[5-.TF]\57EK/B"XL?"&GW]WXIOH9_W,
MEGH\ZR@QE@?S[_X6UI_[)WBWQ7HB?%SXS^*/&/Q(^&L'Q#\#>*?C]\0=;^+/
MP;\5:UK/CSX8^!H?^$*\*Z!J3>(=)N;OQ'\0M-TKP]X1\+C3;+49;A[>.:UM
MHOM47TI??%/_`(*):I97>FZE^P;^S3?Z??VTUG?65Y^WCK]Q:W=I<QM#<6US
M!+^Q:\4T$T3M'+%(K(Z,58$$BOE_3?V?_C-H]IXFL=._X)*?L0VMIXPLK73O
M$,"?MH:J4U"PL=;A\2V5FV_]BQC#;V?B"VMM9M8K<Q+;ZE;6]W$%FAC90#`T
M[]K_`./OQ/\`%/P5\8^'?"VG#XH^$OAU_P`%-?#5[\-$?7-"\$_$GXD?L\^(
M?@UH'A.2ZT>?4=0UG18-;N5O(M/M;W4]2O\`09=>NU:YF^=#Z_=_\%$M3^)7
MPWUOX@_`>[^'&G:-XEUOX3^`_@5K'Q!T#QKXCD^)/Q#\:?!=_CEXQT;1/"_A
M;5=#U3Q(/"7A75]!MIX].O=/73+_`$#XA-K%X$\/O#%8\$^'OVL_AP_A>7P+
M_P`$R?V0/"TW@J+QC#X4FT?]MW6+2;04^(5QH]WXX_LZ5/V*]\#>*KGP_HLV
MN.K;M0DTRS:X+F%37+W'PI_:'N?AQ9?"*7_@E5^Q:/AIIGC+6/B'IG@R+]M3
M5(=#TSQOX@UG5_$&M>)].LX?V*D6QUC4M6U[6KJZO+8Q2R_VG>0D^3.\9`..
M\3_\%./C)9_#36/B_HWPW^'L'@_X3?LU^!_VF?C%I^KR^(Y?$.I^';[QE\3/
M"/C'POX$CMM2AM=.U=5\`?VKH%UKAU."V^T2:?J$=Z[)=1=PW[7'Q1T:+]IO
M_A5-EH6M>,?#7[<<'P+\)^$?B?JOCGQC)XVN-=^#'P7\66.F>"X].UJQ'@>S
M@N/&$UU>VZ+/X:T2QL=8UN>T66[NIS;E\`?M,S>%O$7@F3_@EM^QF_A+Q;X$
MA^&'B7P^?VU=4.EZU\/;>_UK5(/!U_:']BKR[CP_#J'B+7+R/3G!MTGU2\D"
M[IG)P/%_P9^/OCV[EO\`Q=_P2G_8OUR^G\>W?Q0FO+S]MC63=2?$*_\`"NF>
M![WQ>\Z?L6I(VNW7A'1M+\/37Y;SWTJPMK0MY42J`#TWQG^TW\5O`OBWQYX3
M\$:#H.K?$#Q'\?OA1\(--_X3CQ'XGU3P1H.L^//"BS3:G9:;;WD%W8Z%IE]"
MTCZ1I4UF=0!:5I8KB5I!XEXQ_P""EGQFT:Q^'?@C3?"/PJM_CAJ^E>-1XAT:
M73?B#XPT3Q)XE\&>-[3P,--\%Z/X5NX==T+3M<N+M=8AUCQ9>OIMA"DFES7T
MUVHG;V.&Q_;#@NK2]B_X)K?LDB\L=>\.>*+.Y/[<6M-/;>(O"-DNF^&M:AE;
M]BPNFHZ+8HMK870/FP0C8C`5\>?M"?LB?MH?''Q):^(=-_8N_9O\`9\/:UX<
MO[/2_P!LNUUA8/\`A(-?A\0ZIXG\,7.N_L,7UWX4\:37L9V^(=(FAN(V9;D+
M]KAAG0`_?W09M4N=#T:XUN&WM]9GTO3YM6@M$E2U@U*6TB>^AMDFEGF2"*Y:
M5(EEFFD5%4/+(P+'6K\YO"_Q"_X*+>%/#7A[PO9?L1?`*^L_#FB:7H5K>ZO_
M`,%!/%6I:K=V^DV,%A#<ZEJ%U^QC)<WU]/'`LEW=SN\UQ.SRR,68FMW_`(7%
M_P`%'_\`HQC]G'_Q/?Q'_P#074`??E%?`?\`PN+_`(*/_P#1C'[./_B>_B/_
M`.@NH_X7%_P4?_Z,8_9Q_P#$]_$?_P!!=0!]^5^`_P"WY_RG>_X-^O\`L7_^
M"KW_`*RYX%K[\_X7%_P4?_Z,8_9Q_P#$]_$?_P!!=7Y\?%+X._M]_'7_`(*X
M_P#!)7]HSXE_LH^!OAK\&OV6M(_;VM?B)XW^'/[1UC\9;+19?C?\`-&\(>#U
M\1Z=K_PN^"VO:<VI^)-&M-+TC_A&=(\;K=27E[/K+^&[738)M4`/Z`ZS-;%Z
MVC:LNG74-CJ+:9?K87MR%-O9WK6LHM+J<,0IAMYS'+(&(!1"#Q6G5>ZM;>^M
M;BRO(([FTNX);:YMYE#Q3V\Z-'-#(AX:.2-F1U/!4D&@#\$-.^,7[2GP8\&>
M//AN?%WBVT_:DL]8^&'BGQ'X@^+GBS4?B[\'?&?@WQ3XY?P[/XJ^$"Z;K&F7
M?A'3-1FO[6VU'PK+9Z?#I44]K%ILFHQVOVJ'Z6^,O[37QZLH_C,E_H_@G3?`
MOP7\7?"OP7JVH>%=<\::%XU\4>+O%6H:"]U=:7?6>K)#HGA>S>[N()],NQJ5
MWJELT<4MU&@F$OV3I7[&W[+FB>&/%W@S2O@;\/++POX\2VB\7:-%H%K]DUV&
MRN7O+.&]5E9WAM+J1[BUB#*D$I\R-5;FO0!\"O@^-"U;PR?AUX5DT#7;K0K[
M6=*ETJWEL]3O/#$=K%X?NKV)U87%QI*65J+*63<\/D1E3E10!^<ME_P4$^+L
M_P`3]7MF^'/@F]^&%M^UOX\_8^TK3M(FUV[^(USXP\,Z)=:SI/C74[M]030=
M*\*W36;V>JQ2Z8\EF)[>Z^W1QL4/V!^R?\>?$?QMT'QE%X\CT/1/B)X+\2)I
M?BGP+IOA[Q!X>U/P4FHV<>IZ/INMIKFIZO%J\]UILT%[::[HMXVDZE:31SP1
MPEC&.9^#_P"P3\`?A1X\^+7Q/E\)Z1XR^(/Q9^*GQ'^)E_XM\1Z/ILVLZ1'\
M28+*TU7POIUU#;Q$Z3;V5G]CA>8/=O;3212SLI`'T9\,O@W\+?@SIVIZ3\+?
M`WA[P/I^LZ@=5U:WT#3XK(:CJ'EK"MU>.@\RXEC@1((C*S>5"BQQ[44"@#TR
MBBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`**
M**`"BBB@`HHHH`****`"OC#XK_&GQOX3_;8_9(^">DZE9VW@/XN?#/\`:=\2
M^,-/FL;.6\U'6?AD_P`%QX2:TU":-KNS6T3QEX@:>"SDC6\$T9N%D%M'L^SZ
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M<>(_%$]W<>$OBGJ.GZO\0%U>\NM9GNM=U[Q1JVF6VJ:IXMUF6_\`%$^H&YO#
MJ_GWET\W,0?L/_LYVWB&X\06_A7Q'!%JGABP\)>)O"4'Q(^(T/PX\;Z7IG@.
M?X864_C_`.&L7BE/`GCK6(?`$T?A7^W?%?A_5M7DTJQTJ&2\=M)TU[4`\,D_
M;L^(7A[3_&.G_$SX'>!OAIX[MOA]\/?BK\-K#Q'^T#:1_#[QAX.^)'C1O`.D
MZ=XC\?/\-+;4O"GQ!TWQ&^G6=_X-T?P1XV75I]>T.Q\(ZSXBU&[N+2S\G^&O
M_!2?QU\7O%/[/'B/PS\*_#&A_!SQUX0_:\NOBY+KOCC4V\2^&/$O[)/QAM_@
M_P#$.Z\(K'X#C.O^';#5-+UG5?"IU:U\,ZMXUTS5=/\`[8TSP#>Z9<6EW]1V
MO_!/']F&VT/5-&ET3XDZK>:@_P`-!9^,]?\`CM\;?$'Q,\+67P=U:[UWX::-
MX%^)VM>/[[Q[X&T'PEK&I:MJ%AH?A3Q!I&E37.M:R]]:7?\`:M\)^G\*?L._
MLY>![;X8VWA3PMXFT4?"3Q#\5_$WA2XM/B;\2OMUWJ/QS\87WC_XNP^,[^3Q
M8]W\0=(^(/C/4+CQ%XET/QQ-K^D:CJ0AFELL0Q*H!\@_"_\`X*OZ!\2/AIK?
MQ2A^#&O6WAK5OAOX*^)_P>N['6=?FT_QMI7Q(U7P[H7@CPMXQUSQ#\._"FC^
M!?'>JZCXKT2>YTC0[KXB:59Z5)J-Y'KEV=+:*Z[_`/9J_:7^*=S??MW^)_VA
M=+/A]/@5X_T9+3P!H?B*V\::?X3TB+X7Z+X@O='\-^*#H7A277+;4[Z=KR"Z
MU+1=)FCN+QX9;:*.+S)/?=`_8?\`V?\`PWX`\4_"K3].^(D_PV\4:+'X=7P/
MK'QI^,.O>&?"&C6UX+[3[#X:Z3K7CB_M/AE%H]PD']A-X#C\/RZ#!:6=IH\E
MC:6EO!'V/PQ_98^"_P`)=$^).@^&-`UO4[3XPWAU#XGW7COQMXT^)&M>-KYM
M(&@O=Z_K_CW7_$6MWT\FD+'I[/+?D_98+>)=J6\(C`/FJZ_;-^.D6D_"K18?
MV8O#1^,GQ[:_UCX/>`[SX\K:^%[[P1IOA<>,K_6_'?CJ+X5WE[X0UNQT1H[>
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MQ`\;VGV:U\[Q=H_P^N/!]E97/@>]FF867B/2/&>M,)5:+4=-TV4JA^>_B[_P
M4OT7X*?$7XO>%O%/P^T+Q!X9^&WPV^-_Q`TW6OA[\3E\5^)=0G^`WA:+Q7XJ
M\.>,?#I\$:;X=\":IJ5G,MOI-HOCSQ+K%O<ADUK1=,Q7V5X8_9J^%GA3XJW?
MQFL(?&FH^.9],OM'T^;Q1\3/B+XOT#PQINJ&V.J6?@OPCXG\3ZMX6\&PZE]C
MM5OE\,Z1I?VF.WACEW1H%KR/7_\`@GG^RGXGO_'UYK7@;Q'=V_Q)TCXIZ+XD
MT`?%'XI0>$H;7XV:=+I?Q3F\.>$(/&,?AKPCJ/C.UFD.K:IX7TO2=0>XV745
MQ%<0PR1@'C]M_P`%#==@TO6=(\2?`A=!^+U_??!B'X6_#]/B?::GH?C:Q^/L
M>LS?#Z[U_P`<1>#;8>#+BUA\,^)V\764'ASQ3_9)T5O[*N->2]M':+]F;]IK
MXQ7/P"_;&^+?Q0\'>(/&/C+X,?'_`/:0TO2_A1X6OE\4ZM:Z1\/=6F.F?#OP
MMJNE:!!>>(H;!8I-/TK4(?#3:OJ-NJ2Q:%)>R1Z8?J#Q/^QY\`?%L>K#5?">
MK07FK^'?AAX8?6=%\<>./#^OZ9I_P;U'4-5^&]SX>U[1/$-AJWAK6_#=[JE_
M)%K^@W>GZU>QW,MOJ5]=V[&*M7P!^RW\(?A=\-_&?PL\"V?C+0?#GC_Q%KWC
M#Q5J<'Q-^(T_CK4/%_B:YAOM<\5K\1[OQ1/X]M?$FH:C;QZG/K5KXBAU%M1,
MMX;@SSS/(`?FWXV_;G^.UU^T#^R=JOPF\,^`/B9X3\;_`+'W[?/Q/^)/PM\%
M_&R"7P+<Z[\`?C5^QIX8T[7K7XC:A\,X-6G\5^$]#\;?$#0+?P?J'@WP_<6G
MBGQ9<^'O%$NE?V1<ZQ9>NW'_``5&\&:O\1/!7AGX;_#'Q'\0/"VL6?[/]YXQ
MU73Y/$<?C3PU#^TCH6A>)_!-SH_@[3?`VN:#KECX<\-^*?#OB+X@76N>/_!K
M:)HM[>7.EP:[/IDUK)]0>#_V)OV=/`^M>'/$FB^$-:N/$GAGP3\>_A_9^(M?
M\?\`C_Q-KVH^'OVG/&/P^\>_&UO$>L:_XEU'4/$^M^-/%/PN\$ZA)XEU^XU'
MQ!I$>D&QT+4M-L+V^MKB70_V,O@5X5UOP3KW@ZR^(7@JZ\">%/AQX)T^R\%_
M&3XN>%-#U[PU\)-.32/A[IWCSP_H/C6PT7XA'P]I2?V:EWXUL-<O-0T]Y+'5
M+B]M6\F@#YI\$?\`!2.S^*/Q=UOX:_#SX3ZAXB\/2>*_C1\-?"7C^QU3Q9=6
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M\0Z=X*OOC_\`'&]\&S2:KK-IK\^BZMX5NOB!+H6N>%+?5;.*YTWPGJ]A>^'=
M*#W,&G:=;6]W=13`'V11110`4444`%%%%`!1110`4444`%%%%`!1110`4444
M`%%%%`!1110`4444`%%%%`!1110`4444`%<]XMUY?"OA7Q+XGDMIKU/#N@:O
MKCV=M')+<72Z5I]Q?&VACB225Y9A!Y:+&CN68!58X!Z&F2QQS1R0S1I+%*CQ
MRQ2*'CDCD4JZ.C`JR.I*LK`A@2",&@#\>/@W^T3\4;__`(4I^T)\4OVA_']K
MH7[0O@L^*_#/P$F^#W@+P_\``+P_::C::AKNA>'[CXL7/@A/B-X=\8VFB0VZ
M>(-2\5>/[[3([R"^G/ARQM_*LXL/1?\`@HOXJ^-?Q`\&>`?"^@Z;X*\3^#?V
MC?@[X7\:1^"/'H^(?@'X@>!?BKX7\2^(O#MOHWC:_P#!7@N>Y^VP:+LU>2T\
M.RZ5;2M!)I&NZW;,TR_9[?\`!/;]EQ]0>>3PIXSDT`:CXDUBP^'3_&'XNM\)
M=#U;Q;;W=OKVI>&_A0?&_P#PKWPY=WGVZ\N8Y-$\.6(L]0NIM2LA;W\C7)O_
M``]_8)_9E^&>L6WB+P[X3\5WOB.T\2>`_%47B'Q=\5?BEXZUPZO\,=(O]!\!
M^;JGC'QCK=Y<:=X;T?4[RPL-'GFDTH02XDLY&1&4`\IM/^"ANBZ]HE[=^'/`
M-A9ZSX?\`ZWXM\<VOQ%^(EE\/?#O@#7=.\<3^`M.\'>)_%5SX:U>"+4-9U6`
MW-M)9Z?=7AL9[)K72;V:\BBKR#PG_P`%4-2^(>D^`M*^'G[/3>)OBGXO\1_M
M+>%]0\,3?%&/0O!6E:A^RQ<^'(?B!=Z=XXU+P"-:UC2M83Q';_\`"(SW?@'0
M[V]G14U33])MY&NH?LJ^_8?_`&:;ZU^,EJ/`5WIS?'KQAI?C_P"(][HGC+QK
MH6J7?C'16MI-,\0>'-5T?Q#9:AX(O[:>TAN0_@VYT)9;H/<3+)-+*[P>!/V&
M/V:OASJWAO7_``SX+UD:]X5O?C)J>FZWK7Q!^(7B;5[C5/C\^C2?%G5-:U+Q
M#XGU.\U_4O%<F@:7)+?:U-?7.GR0,^E2V33SF0`\+TG]MZ?Q`GQ-^(?@W3)-
M6\/^'OV<?A'\=++PI\0_&&C>!/!^F:/XPO?%T6J"#Q!H7PQ\7^,!XA5-!>-K
M:['B*TUBX73K#0M+TNZN)&NN0U7_`(*:ZMHOBGP-X)U7]G'Q'8^,KGP#\)OB
M%\7/"`\3ZWJWB3X?V/Q=U74--T?P]X4MO#WPSUC3?'GBC0[?3WUKQ%::]JOP
MUTVVTF2,V.J:A>>=:P?2FL_L#_LQZWX1N/!$G@_Q)IFA7/ACX:>#I1X?^)OQ
M+\/:E_PC_P`(/$%YXI^'EE'K.C>+++5HI/#WB"^EU6.\BO$O;R[CM)=0N+HV
M5IY.W<_L8_!>Y\2>&?&1N_C!:^,/#7A[1O"<OBO3/V@/CAH_B/QAX<\.ZM>Z
MWH&D?$O6M*\?V>H_$RTT;4-2U-].'CNXU^2U@U/4+*-Q97EQ;R`'QW\;/VS/
MBOK7QI^!GA;X6>%6\-_!^W_;X\(?LV^.?B8WB^SDUWQCK6G>`OB#JGCSP+<_
M#J7PTW]F^%(]5L[."V\4Q>+Y]4NM6\.2Q-X?LK&Y@OV_7*OE#5OV*/V>];^*
MMA\8]1\.^*I?%NE_$G3/C%IVGI\3?B3!X#LOBKI6AIX:@^(-O\-(/%<?P^C\
=6W&@J^EZEK@\-_VAJ=M<WZWT\[:C?-<?5]`'_]D_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>x62x0.gif
<TEXT>
begin 644 x62x0.gif
M1TE&.#EAIP'Y`'<`,2'^&E-O9G1W87)E.B!-:6-R;W-O9G0@3V9F:6-E`"'Y
M!`$`````+`````"F`?@`AP```!D9&186%AX>'A<7%QT='1\?'Q$1$1L;&QH:
M&A@8&!,3$QP<'`P,#`H*"A(2$@X.#A45%0\/#Q04%!`0$"TM+2LK*S<W-S0T
M-#8V-CX^/C,S,R\O+S(R,C4U-3$Q,3T]/3HZ.CDY.3\_/RDI*3L[.S`P,"4E
M)3@X."XN+B<G)RPL+"8F)B`@(#P\/"HJ*B@H*",C(R0D)"(B(B$A(5!04%%1
M44U-34!`0$%!05U=74)"0E55545%15E965145$-#0TI*2E]?7TE)24A(2$9&
M1DY.3E965EM;6U)24D1$1%I:6EQ<7%Y>7EA86$]/3TQ,3$='1U-34U=75TM+
M2VAH:']_?V1D9&IJ:GU]?7AX>'5U=65E97=W=V%A86EI:6YN;FMK:V=G9V)B
M8GEY>7Q\?&-C8VUM;6QL;')R<F!@8'Y^?G1T='9V=G%Q<7-S<V9F9GM[>WIZ
M>F]O;W!P<)B8F(:&AHF)B9>7EX&!@8"`@(V-C82$A)65E9V=G9:6EIF9F8B(
MB)Z>GH6%A8Z.CI.3DXN+BXR,C(^/CY24E)J:FI"0D)R<G)&1D8J*BIN;FY^?
MGY*2DH.#@X*"@H>'A["PL+FYN;>WM[N[N[R\O+BXN+JZNK:VMKV]O;Z^OK6U
MM;^_OZ^OKZ&AH;.SLZVMK:2DI*:FIJZNKK*RLJJJJJ6EI:.CHZ>GIZ"@H*NK
MJZRLK**BHK2TM*BHJ*FIJ;&QL=[>WL3$Q,7%Q=C8V-S<W-+2TLS,S-G9V<G)
MR=34U,K*RL'!P=_?W]?7U];6ULC(R,O+R]/3T\+"PMK:VL/#P]O;V\#`P,?'
MQ]'1T<_/S\[.SM#0T,W-S=W=W=75U<;&QOW]_?[^_O;V]O+R\O?W]_GY^?S\
M_/O[^_/S\_CX^/KZ^O#P\.7EY?3T].OKZ^CHZ.#@X/7U]>_O[^WM[>GIZ>SL
M[/'Q\>/CX^KJZN3DY.+BXN?GY^'AX>[N[N;FYO___P$"`P$"`P$"`P$"`P$"
M`P$"`P$"`P$"`P$"`P$"`P$"`PC_`.D)'$BPH,&#"!,J7,BPH<.'$",VK$:Q
MHL6+&#-JW,C1VC5LV;1MH\>MFS=K'%.J7,FRI<N7,&/*G%F-7JU*$G/JW,FS
MIT^)U:P)'4JTJ-&C2),JM59P*+VE4*-*G4JUJM6K6+-&_<FUJ]>O8`4&U4I6
M:;5MV[A1+,NVK=NW<.,.W?8MK-V[>/-:0\NWK]^_@`,+'HSV[#=M8L\27LRX
ML>/'D"-+GDR9,3=N>3-KWIRS)N>((\%9"B<0+3>FGU.K7JT3->O7L+UZCGUP
MI#=ZWFS=$B>0:5W:P(-OGBV\N'&#Q(V/RT:O+KE+N)Z>/DZ]^L[DUK._QBZ\
M'*9<O>GI_[ID[JGV\^B1IU__F?MVBO1&;MN5J9OY<YIXT3/LFKW_X.[])Z!/
M`:YFS3?H]');3>ELXDMXOP"S344#5KB=A1@26!Q3U023B2[FT2-,)NJ01`\Y
MG*038H8LYE5@BS"J)QQ3F%4S#";HF+=.)\/$UYPG#\8HY%<O#AECD9EMLU<U
MQ!3SFS7=V/*+?/08X\DUYAES3$THK67DEQ`A"2:&8FHV$CN=(",6/;EDPLY^
M]+1SB3O-T?/.)<P-!=^8?")49I___6G7-N;H4AY)OF#2#CU8:I/,+C16XXDQ
M<)[SR:(#]0<HH()NFEZG8!VH#"C&H-8-,+V41@\OE]CWU(UB??^#R3LHP>GI
MIJ#>FEVN/DTHU$#<"(,)/`/Q8DF)F'5S23SFE6,)<Q0M$UV-UF`F6S5J55/7
M2`/MJ:MFO'Y[7+@\*;F-+[O!>0TSS"!&SSJ3]F8-*,T,A,XEZ7#(#(C5,J5I
M3VH]Q>TW1(TE;F;D'@S@:WO92>JV](23"7@U#6-)>9@98TM=!R[;FS//"+SB
M3RA96TL=3U6$UJ\*VY5PR[&]G),W.9;&BR?E`+N++9[),]I`[(""36^>*#,0
M-,5P*'-O-8EC1P5W'!04S&$M3;5J5D\TTC6WW&)?3=X4<\O0`KW3R3NEV>*,
MC]APLBAFMSQX6S&^</CK66)6I*DYV^#_8<$%->2Q#"AZ[!%*,`2=U676NC)^
M]7"?H58M/?,`$\UM`LW#XT#7V`*-9\9T4J<WR[QYVB\A,U5,O4TMI.=LPO!A
MPPVB8%"%%1G@H,$&'&S0@0<6?)`#'N$0]7A/CA_O8N3;2./+U-8$LPDOGFEC
MS#*\/34-,,S14\XH2I*T3(\"[1(R9L7P&YY34L/7C32DZ&!!!2"$@($((UR!
MA0@YX#""!AK`P0Y`T($`9($DF&&?\L*T0/8D#R$CR88O)H8:;CQC&36CG)O,
M`X].R$,@YQC%.GISC&F8IQ?1@!,UU,2T"7'+(*YI!P]((`(-#!`$(]B!"$!0
M`@".``<Y^-\._TS0`_T<T#Q[^5<#$_+`)09J+V@1BS:<T0D5"40=XX.3-IBQ
M"\^(8Q,YHT<W-J&BD3!#&#YBA@F;DPRT8>M`X.C&4+(U$GD`HQ3.\,$E<#B"
M'^+`?T'\XP_]B(,.:$$\/^C`%MH!#Z,EA&!Z.LT;GU*RNU%$27H+RD@@R3(R
M.1$]3<P44X0QMOL<8Q=8VD\S/&&?D>"B$^;P33)`A)M+S`-.QXA.38Y1BZ>8
M`Q/C\"4]^N`)IG0/,>X@QPD$8((*<,$4'1"D_Z8YS4'^#P?IZ`('4`"$%(#`
M#U4H@1?^L(MVC*,6IT!%]^+##;1\XS3:L(8WN-04:^TG@28R7H9"^?])DB6)
M6]MP1R=TD4IZQ`,4TK!7)A+*G'L%LR:_2-5^.($XS`##:"C9!-KH@8Y,8&DD
M7_@`#@!!#W=0"@PJ``8]ZK"!%6P@@(3\HTQG*LC_=0`$.PA!3G4J`A14@`,>
MN``'5L""(.RA%\BH%5/24A!VA$$,-QB#$%3:B4!@*CY<TJ<G^TFU;:S#-<&0
MEF>JL8M;8$E;3>*0-C"14($,`Q3QL48F2(,23VPT&YTH$3W8L8RI66$#)B`#
M/?#0`VN4P00M,(,FWB&((92@CS2-K$Q'`(02]*\$`]R!#7/@`A``802/S4%.
M.V`!$IPA%588(3W`,0A-Z'4<!`0!"EY0!33_P.`$7\C&-AQI)'YRE2?)0TF7
MLK$SO<;'%[\`Q[OHD0UF/)0>TH"E>9(!#?/PXAA8U00Y?+,,TFPC&Z#X#2]"
M1@@2:.`".KBE*(@0BF&HH@,P*$)\4`!9R4K6CR,(Y"`#*,V:!G$$*+C`[XPP
MB$+$X`,>.`(21%`"F>9`!"+``1`X,(0?L&`/G4!%&G0@!#4<(0^1(AC>.$8C
M#L5G0G@3F&^1DX;]Y$IQMDK(:=0R(8'$TX5,2^(W5J8MN_E+)YCQQ`ADL(GF
M<%*3TQF7R^`TE',P`X,#2<4EGI$%0OR@"(;(Q5+5T8E;UN47]6(*+I(AD&L`
M8[O,]<0YZ!&,9S3#_S.["`8Z1N`!`+\@54FPP/WR^P$PT(,/&+"OH*LY66GB
M%[\R]:P./Q!A$2@A!`T>)#7["`07B``('^!=@"]P@1#`8`PUT]2:F\';D>U'
M/D)9<;?"X&(@V_,:R+!%,OP`AC]T@A.>(,V:`'KB\#'5(`3C!F(4F)-C#.`"
M'S@");$UFTX6)Y3!H)6/SB&,8$#C%RK@0!J2P8,UJ.(0B/!%6[]1C%XR)1K,
M\-$TJ"$0;AP#'#7!(C?.80<M3`,9]JFN+VKP`0V@H`;T(,,`JK"$"D0X`T1@
M0H0'S?"&TS2'(+#A(($0<0WDX+,/!Z+N<(I9__4QOQ@H02+D,0XQI,$.BO]8
MA`=&`0P.-*$0=DB""\BPBCI`PYXB2TTUSM#JG8"#%6,``0=,@($/8``#)C#!
M"S!@!#T`0Z_3L(6=5#40>)3C'>Q8!R%"-A!YK',GH+B!$D"@4A-5PQML<$(K
MK!-<@;3C@O`0QPC;\`17;($1C2#`#99Q"P]TH!1CV,0F#O$*:3"#3@+1!;L%
M@@QBQ",$OYB&..KBCE\(!!W)<,,':L"&%-*#!_3]@"#HH8Q+P"(41@`!#B^`
M<8>[GN%\U,#_<)I?S?)WIC_LGVAU*GN9]AX$)KB`(:S@TA1P0`,?@$(6"(@!
M^HJ``QT07A4<40I?9$_G//?61+;%C#=<(/@N(#3_-7F8@0J$(`I!*,`6X)""
M(Q"+]'V00@;F[X$0O"`)HD""$X9P@2)<H12YD$!"<1+ME"GO)!0C,37T``(6
MP`RUL`H+H@@D``,^P':R@1EH45#BT`NQ$`=BH`*I``TL%PJW(`MVT`>=0`1N
M8`(Y<`IMP`(I$`*)H`R(UPS/\`BJL"JE,`K4H`>H\`F,@@JQX`)W(`><L`3-
M%`>_X`S;$`0]1`(H<P4#0`CT``,N\%^OEX7V%5-_I%^(AGN3)GZ3]4,:$&A!
MU#\_]%A^%$A_!$`HT`$;4`$C,`:`0`XVUAS]8C"RD7U_@AF8X`(I<`$?)W[6
M-`)CIP0BX`(P<`=AP((I_U`$<N`$29>(.(0#+C!:*)`!G65I+\`!>!`>N"$0
MY,!"!8$)UI`.TQ`&'Y`!@,9JF``$'7`!2F!%U&$U-5$3VD`,OQ!,J_4.K^`'
MB2`&'T`"3O`*P"`(*O`":D`X:3`%*C`*==`!)6`"B*`*@[`?[T`&:H`8[_`,
M'7`";5`,3%`"*;`*9"`#'[`$F0`"./`!IN`%1``$.9`#&P`'!O4!*)`,FH`"
MEL6%6OB/@SB(8WA?'D=H`2E-JO=?DE9?'P=9#0E`&9`"'2`'RM4,UB(?6;-S
M/><0W*`%!B!$U^2/,W6)+J`$4#,'+^4"/>`"%X`".&1QNM-[`V1Q?11`%X`&
MRO]%#^+@"JE2"$F0`28`!:Z`#)R0!]#0"$U`#S*0`1^@!#AP?-@@"B3@`4``
M`XS@([7H%0TS%.WP"\=`+-(0`FK0"XE0AA?@`H8@#4[@`1F@!*$`"57`!C-`
M"(#P`2```XN@!_I!#\BP"P*!"8+0!AVP`GAP!S&(`\?@!!F``8$@"A6@`53@
M"2Z07R9@`(E`#\304RY`!2NI6?_XF:#YF83$A@XG>Z(50/7C`;RC"EFP`XJP
M9I2D1-?!AV$R"C<0`KH#1"(Y64`00!UP!W.0`BX`!#N`62Z@`1''AI3%1[H3
M1#FU`V>9!$N``R^@`9`08"Z0G42W`A_P`1T`!5.`G"3_F0,$1`,?,`4S\`/S
M%#Y*UA4CT0XJ@AKR``W0@`0S``9S\`:VD`8;,%M?H`MSL$T7H`K`>`Z88`N*
M``1!T`.]@`ON\`KTH`JWH`=5T`',L`08X`&<X`8HL`%,T`DN@`(F4`E;X#M6
MH`K>-`O/P`ZTT%D]@`+(^3^[&9HT6J."-(]8V'"0A:/Y=0'O4`,;X`0;``4B
M0#]MH%P929OMHQ;_`@7A5U^1)7N0Y0(<L`=AX`%`!%/5))"&IE\SI0$0AEDE
M@`$A,(\.J9NZ4P)*8(@A0`(8H`*90`IE<`VZ<(O.)AP)TR6U0@[4<`QV.!!E
MD`JPP`@P@`%1<`JK@&D78`FB_Z`('Q`"'<`)JC`"C;`-[T!+]&`)?7``D1`"
MG\`%,*`!1M`+0*!3Q``%(Y`"@0`)&1`"4``,2J`!)D`+@FD$3^`!*=!@6EJ0
M-MJKODI(,^I[_C@"/?`!)0`(XB`4D3`#%2`#+]`-7M(5&JE]B6,-\40/MI`(
MBO`)JP`'O3EH^76%QXD!?7`%(G6FPWJ0"\FK75B0B-9'.2!Q(_`"B$`/J,`&
MQ`!#N](K>"@6VX`-T0`,"84**I`"K_`)@;`!%[`"5I`)PS`.PO`"B7`*(?`!
M6#`(F-`"?LD+OZ`?;Z`*CH``.Y`!NC`%&+`!8&`)"WL%F(`_&\`)9]"A9;`*
M]0<%F/]`!*U*AAGGJSS;JUP*KO\#4S\D`G'`!XUP/C61#+,0"TS0",Q%)$IJ
M$'11#=E`!@D0D2EPLE"ZA0.D!"FP!U[``5$0K*"97Z*U`\,ZCR70`Q97`41P
M!<%T8TFD'0D#']@`#:HE$-F`"[R@""DP`H.P`7V`"5#@`3#@#M$`#]Z0!R\0
M!\N0`S_@`U<`"JQ64G\@"*0@`[TP!_@8!-.``R&P`G_0!R:0`H50"$$U!+=0
M!"+@`:3@!D<7"'^``=>$MCU[N[CK>OU#33C`0QZ@`5;`+"92&N>P8[*I$]/J
M'MI0$_%`!J)`#TZ``J+5D%PX2.3I`AE`"&:P`440?KB;7^S_6E.66`1$\`(2
MV0.R,#3&VR7GD:<U\0WE<`O=92WS0`1UX`K,H`.9=@7)@`9T<!N8L`J,M@%A
M0`U*\`8@P`6QP`6]H`V^8`<)4$@EVWQP@`D74`(=8`E5L`$;H`EF$`(>D`4T
M&P(VX`G%60*9X`0BL`.6F+LN[,+O:@$F``*[VX:ZZ3MA0`PG(5P3@G,_D;P$
MT3#8D0B!-DV[2YJ7:$/#V0&(X`49D%]D6[8>%U.U-P(NX`2C0`I'Y1I9E6I)
MM!??\!L+DQ.+,TD"(0_.X`S)<`9$X`$O\`>Q\`=$@`$OT`._@$:7``-ZL`E`
MD`$7P`2G.@<_@`688'X7X`J.P`$7_W`#QM!9'_`'B3!_-V`+/=`!2=`)(.`"
M'4`+8;"8AY`('W`!6/`*&=!@O/O"J$RC`$1QX:<!&0`*CS`$(0!`_I-3?^0"
M'B`%Z$4/UWJ\P!6U)-$P\=`,V+`(3%`$?WNFA29(['B)'E`(3("EIWR[(KF&
M'=`!1&!<LNG#T0H<+Q8>;R4-.8FM5H`*<7"RAV`!5G`,<'`$X"$-SS`%T$<'
MMV`#&X`!/)"_7?`"9.`)PHD"MG`%'(P&F(`!(+`!GC`&%^`!73`+'6`"=Z`(
M)B`"3P`,.^0"G2`%K2L+7W`!N9G*(!V:?70!I6RL&\!N>V:V&M`#-I4'O$PK
MW0RU&RD0O/]1#O,X1*WJI5,<4S1L<1Q`"$C``2P=TF"X<1N@!]B`@>R)$+]0
M")#@"M5UI[#!*_`Q(=@P#+:@"\#P!TI@`D6@")8@!'E@/T2@"J0H#:@`!BE@
M`E=@"URP`1XP!;SP`[X3"+1``B$P`L/`?Q8PNL$W!*0ZC;/P!O=\"0*]`810
M",%W!@XM`E.`"1E`>T0]V:Z77R@P!>>`#M50!3%`9IK``5.,`S!J`9P0'DKB
MR\@#S"/Q#)E8`B$PF0()0!%7/U.L62.0`9&P!!W0`^Q(U-;4NSD@`YB`5851
M8P<A#!=@`0_M`66`.6,,%+BQ9A4$#\\`"V-@`M?L!+(0#4GP`=C_"PK,4#.`
M0`J2`'T5/08?T`9,P`Q!4'2`X`<&]P.LO0,KT`E8@`$9L`6NX-U!<`Q$\`%-
M\`DA@`([L`D_@`(>$`H*C0&MP`:"^-N4'=)4'(8?L':G00YJ4"<EP$-`]0)0
M@`-.@!N8=$FH/9O[42V_E@P=4*9_M`,L3),0YN*N[0,9((_],^"3<`,>4)S@
M>WLPW+L"A`,;$`7104E&7A#P`0XZU(8C``.O@`S9<!K;TC!8Q1F",A8,D@S`
M4`NN@JUN8`J<T`0>8`(A$(YD$'RQA#/TD`8*,`N`T`$D0`3+,`E&D`)FT`LB
M$`(FP`ED4`$F,`BR0`(@T`.[H#LK$`M@_R`"':`'D/!]C*`'1O<&HL!I:D`*
MEB8%FO#:MDN:$>["GB6EADC#+>G:&%!D"E@3H+`"*!`"E@`'=?`-S7"5\B+5
M>WCB(X$9KB`#*ZEQU]2[%G`$=D@("6!Y.G`"*<!@()`(I<`&4.#:NQO%O8I3
M.[`!/Z!<[J(0UL`<ST`".S"9_B.K-5`>8KP?WK`.XXXP$(&`]+1:OD`-U$`K
MUQ`'*3`%GU`*15`!/C`'L/`*'B`$R[!%P\`.JX`#H2`*?4`/Q7`*4-"A;M`)
M'>"2SU`#&L`"ER#O&>`&IV`"DQD-R&D"F]`$)C`$GE`$8_H).C!_J0`&1_<(
M6I`[O-[I+VQ#(/_<`1R0`A70`2E@`U[@`U"0`)#0.FI@`D"0051GY=G7+U7B
M!+J`"/P3DP"T`3E`"[8`!D;``6M'#^9P"W7P`QFP`CU$"C6P`UX0:)+VPI*&
MFR5R[@AQ&?3`!M&DMCT5`[2P6N2P#L&`;K9`#;W`BY#S$-QB#>UP#<2!#M%P
M#.>P!BQ0`AXP!\EP<D/P`660#$)``)E`#[]07?1`#8`0#,;P#;!P"U"0`1S0
M"*5@`AY0`[_0E!X`#40@`AM0"6P`UUD@"BF``U.P"2'``9+`"!Q0`@I<RCS0
MLBCP`YIPEF8*\Z@<`E2P"\;0"Z[P"(00!RRD#5QP\)F"&3CK`9?)%P?_@GTG
M?A;:4!=XL`*_`^H?,/?>H`1)\)K[<>WT``^6H`<=P`>#,`>D8`/AQ^G?ZS]`
M8`+/>QH`L8W>0((%!WZCAP>&BPX=1CRY8D?1KEO&XMT!`Z^;-V[5K!D$&5+D
M2(/52(*L5FT;.&BVF/$2-]"D.ERHM&0@`27;-$U1,G0XDLK60&O#?FD+0>(/
M(@]:V!SKD<&$JSP=/DQR10*$F$\?<.!@%D4$!DY-1'Q8%:=#B$M22GB0!2<#
M!EA@-EQ8!08#CAP:OOX%'%CP8,*%#1\V/`)'""HF0UH3J)*@-6[T^'30$&2@
M-FZ43WX&7?(,O936/M)[10,&GSTH+F"PD(;>_S9L[2:?IH>;GB0E7D(<$?3!
MQ0X<BA$?+^PBQX90UZI]0TC0HT#3CFVQ*,)ET"I:I``-XH&,7K<V)E2H`@E9
M=VCVTMO3^]8*%VELRFQ1JQ6=WBP\L.*<HP<=,$!A`P4+Z*AEFMFL<8<81RYX
M010]QA!A#DQ,<$$$:GQ`X05.NOB`A%>T0.&#."#IP(,F.''A@B`\V:&#-TSI
M``4A0A%!!"90P2"$)3[98(<1_$*N2".//$X#%XCP1K>/3%LO-WK$<<(##5"(
MIIR!MG'L/2\+JF:TE(BRQIQRW*&GDPJH@*:=F*QQ;)LH<S.)EW#H$66&6RH8
M880<C$/R.,5VT"`'&O]Z@2R;@KXQ3:"!KE'G%4%H@82/*X8H80,+PG#&#A!(
MR""#0KQQIY9FH@''M"^][!(T:W[QXQITU,G-FG.,N467F.@A!QQ>WE%4DA(J
M$<0"1-+L939ZPHGGES?B8(:6&UXP1)44+OCA%A`T\&":$D9`81HE33AFBA(Z
M@*0+$3H@9`\./+`$"10V(,6,"SP(Q8P0,'C%WKX"!3A@(T=(`1)EV_.#!""`
M$,$$#CBAI\E5)PZ3-,>JX:8R;M"8P0MY9M/&F]E,FI.HC@9"1`-6,"3"!8$%
M=4$)#3;0,KTMP1&&&6*<^>:5#S+8``6@.Q!!"":J*$264T(IY19?I&&G'6__
M6IT8-*H_ZR,15/RP8M?-RO%$%T67S6,9=)99`8-%2@&&GE%Z^06U&S`!!;,B
M0"'$@@UFR>(##JPXA80+W(@E!138("6%$I#0!(40B,BDA.$ZB>(#,$SQX((K
M4KG7C%<PN``+54P0$M"73T<]!!L0*GFD6@908@0E7-#@A5@8;;WJD2KVJ%5.
MBH@CF,V^D1/*UB'#V*1%JH@C@[Y,1STPXT``(8=;5C&C%BGA2Z<96WJ1!AM'
M2Z'A`Q%N"&.15&AA^@XZG+BAA`J&,0@RW4.[^J0P9OC`EG&BL44N%`6E6H!"
M&/3X0@)N`8U=X.`"+!C#+ZZ1&V%`0PU1",HL7I""_QMD(@HO`,$RI("""EP"
M#1M(`2W<L($-<((+(K``*=K@@0[\81(8Z(`A"/&!$,3B!QH(P2F8<($0H,(M
M(+`$$43PI^(`QCB*@2+THH<<T_5)>E_Q`!9&QAYK(,0,)N@+$%PP@A/PXGZL
M$E-U>J$*,_`!3:115:V@-!+C"206'O`9H9HX1<$,J5`XV$`'5B`"<M`#'M$`
M1C/<(3+<9.,,6A#%*&CQB"XP`5,>J``'/I`"$GR!'N:01SB"@8QN>.:,),D?
MG>"T#6[,0QWF@$41L,""&]`#'+@`AC/601!M..,90IC!*`QIBAVD(16U.$8Z
M!E*.481A#&I@1260<(127/^B"TG@@B<\4((=&",$%QC"+E#@@1\`(P,AJ$$G
M)!<%3^"`.)[H`0?:@"(1N`%%&)!#'5+@`4,88@,@&$$(-"`"$.!`.3@`@9":
MR$0^#DP#5MQC<7*`@X&^@C1<ZHQ'&B42@81#`QV8W5<R0(^QG=)J8J('-X"P
MA#W,8TM<JII)4+$`36R++U+D8Y^`@-"9B4`-IWB&,FCUD<Y80U;Q2(8@]L`%
M3'W@`R:X%@AJ4(5!U,$4I]!$,W(!#61(HQO;,VE(4OFD*54#'';(@S*`(8HT
M_&9+\;A%,=!!D'8T`Q92.D<L`/3)7P#(&\4XQ#XQ<(E$U.$%C:B$&[H@"CR\
MP$3_I'A!!O9P"!2D`!9MR,`'_$"&#*0@$7G`P`86,8@-E.`2-[B`!I*(@AY<
M0@D7@`(F.H`!$`@A"3P@0@BXJ9B$]N"/.&WH8/PXI(GZZ8D3+8$4=IE2;<!G
M&\\%:T$@([):0($$?8G1(,**OS1J0T$#R5A1J]9<9$PB#"&H7D2#.R@19``%
M-[A#)DIA!AS4@AM_8`<]Y($+9^PB$4CH00<XT`$3?$`).M##(V81BU`((@]?
M0$(04*`&3W2&3+D[8RKIM+T,'.(<V2!%'T+Q"'CH)QS)@,8U/O(./A@C.M5(
M1CNR@0M7%*,:I<B!,OCP`@\`H1PX>,LGD!`%-&C""2+@_\`MCN"::.R@!$6@
MQ@5<E`D0E(`(G1#!XS1Q+DH$(E2$T$,',E"'-J1`!9"(PQN$<8DJ."(/(4"!
M"Y2S`1.4(*3!15(.MK6#@G[%3Q1U00E^0(R!L,,<!XEN09YK$FTL8@5*R,$+
M8('A[9(FC5V4$S>X)*<SR@$$&T`H$/I\NCX]\2\@^$`)VO"*2_"A"![X209V
MH(1+4",:Z=`#$0K\`@U``0Q]($4L9&$(+$BA!R7R0+(UB8$N*(H;VI"3HRKM
M'K&:YASG2`4=,%`(,](#%2MH@A^,88RQ60,9MM!2-BXP!5O(HPQU,`<P[A"#
M%W2!&;$X1C"(@8@=Y"$.E]CF$/^8$0(NI"$3*1C!$6S!`0R0864?4(05:-B*
M+0!-$%VX@`E:\0834.$30+0!*ER0`B.,8@F3F`<IPI`$#X26"K0(`Q0R\`)-
M/$()<2Y=<8`KW"@V<>=]7`P'+&`5#I3@+\8ME`LPL`,_@,,)/2@#H>F(T=,D
M0@8XR(`GIXU*,?7.I.)@Q)U$\8)24U2]@?++1"FJ@1VX(`0F@,(=-O&()8B@
MM.830Q]B`0ET')H>(W@!$/)>B4I0<@I*R$"R/;`!H(5@"$R``R-RH0Y=_.(6
MM["-AD_9)3C!\:*\B$8K8!$*0(CB&]I(A_P^\"MF1.-DWN@%+UPQ`@P\`15?
M&(`;WD#_"RQLX`-5((70H?`,9FC``HWP`\,G40H5F*$76OA`!4B!!JDPPPBL
M!08(+E`#2X0@`T=`Q05L1(K9EN(,&;B`*I8@B6AX8A%7X($E%/='$'Q!#6U(
M!2]&(85#)"$#?2*4XA(4/^,+#0`"*!*4'4"!'Q"%3,"%2Y`#7=N6`VP[()@H
M$#"!(BB!?5F!/J`3;5"))S$>9<D&&KJ`6=@ZKK.8L,(8!D@$>H`&ES$Z`GP9
M(F$B!<2`*6`$3:"$(>@`*<L`*C`$3E"%-\B`-B"(<6B#!5L%-K@^$[@`]%N+
M*&@".4"$64"%4("%1^`#.)@"%_""@Z$TW:$:.$F)C!F(45B!_R*(@E/`%5:`
M@R@@@1W`!G.(AV68#S[X@#^@A2_```\H@E&@A!7X@Q$`AB]@H4!@!0PP`37(
MA`O``0S(!#58%TNP@C^0`F;0OAN@!@S(`#!8A=#R@P+Q`%;``A3H`%H0@KF(
MA2GX`"&8!0\0`3;X@QS(!5PX@Q5(`54(`Z.K'A`(@1"H`"UX@PJX`!#H`G\Q
MP(<J$NHI@=_*.4%I.)!X!0\8@3'R"Y<QCF?D"U1SJ6_0-&EK%8RA!VD@`QKX
MA!3<G:[;KF_``648""[X`(8BM2;RB]>`)EI(`Q?P`!3``!=(`U?XA$&@`@SX
M`!KH!&L0!F>(!3W0`1<P@7$*E1S@@?\N4(1*H(55:(0M6((>*(&?^$$3T`#Z
M4<>2`!-'H8R/D`=8P(`7<(*8.(4D:`5-2`0J$(!C2*E>@(8ZT``]V(%,L(,-
M:)%3*`-#J($A.(8JP2-)>($P$(0_&#HET`0,P``I0(4_@(*G[(`76`4R^``,
M8`8BR(`:T`0ITP'.N0`Z*`43V``M`(0.*(%/&`(4*`)7T`-S*`-7Z)$J8(4*
M``*_`*@1`(&S^(H6`0,=P("T.[O"``$C6((<4+H0Z(&?<R*$PB>0H`;T(PXB
M\;/B\HL4V(.((2IOD#:"X)+3$(,&$)Z2%(T5-"F!4`45XQ4;"`$:/+I2PTTG
M@JA2^Y.!PH#_,0B%5^""?@R5(*`$2U`$';"[GT@"/DB&9G@'<WB[==&M):`$
M64"%5T"$-*B!#&&\N<"A#-B6(*@!8V`':3`&6BG)5H$I;(@&9F`&9T"%,C@#
M1!`(;`@"&L"`'+`"3&B$>!@(9@B#2S"%'\"`$IB%1\"`L3"%2V@#$O""=KH`
M%U@&'K"#-NB%3<`$10"%1&""$8@]1VB"9`"")R.&C).#1W"J2A`"HOF$&D`!
M'`@%(PB"*=B$ADF$.#"!#EB$<8"&`F`%*;B`GS0Z`RPH*`*!V`$"./N"*_B`
M"=4Y`@2N%8@%</@#/9`#`SW`*D)`!/2+$."!<S`$/N`#2K`"2=B"_RD(`;6C
MP1R8*#X;`G"XAG!PA":ICH*8FI-IAS&0!M9LS3$QJ6K0!C-<!RX`M<60F=P4
M+MM$*.(0DH^$`U<X!36@R@O8`!]XA$W@@\KQ@`\`@BT(!5JP`B4`4#&0@0R`
M@C9@A$^8A4EXS'E9/'_T`"7X@3,(A$>`!%(`AFFHA6$0!FEPAS=11\Y+B6K(
MAF[0AFPPAW7(AG4HAUU8AF@X!4&@@A1X`0N0`V20AU2P`E:0!5X0A0V\@$)@
MA1_\`$TPA`ZH@"P@A3]$`DL``G30`TL``2?(@E\@!6J0A5FP`!DXA%.PUE>@
M@RBTA5<+`U&X@`Z8A$A(`1-(!EJH@RXX!?])0-57@((A`(-*D(1;^(4T@#52
M$(*`4BA[[`L-4`)@5(,[F(,B`#4Y*P'(_),2^(`-H,HQ\H!"N(6%Z(%0<`'J
MX1;Q'($>D*B8X2:V&X$->`1?"(`*@($5R($J8`1A,`,/T#D_&;41$",,8`5I
M*`9$(`8T;)7.4Y5J>`<_!1-V-"EN^(;GH(=:.`$3&)00V%*(ZJ.R^PL]PX%U
M88)*(`4OJ)$+*`$Q((5*``,06+P+\`%!X`1%<`+T^P`BN`,4&(17"(5"^((B
M`)H-@#44R($?``-#:`53$`0^P`(CR(2!F`9`J)\YFC;.$UN1Z")>6`-G.`0L
M((,PN(5-F(-/>`+_&9B!2!B](*`S0&B%'1@$;-"%*T@!"S`%0TC81>`#/)B#
M19B$"C"!.>@#&$B!B$L\8^B](I`M$Z@#.>@`%P`%)5*"41B"6V"&/UB!"@B#
M5\`"06@&1-B"-="$.RB'/U`%#$"!2=BA)^I2&K0`0)B$-#"%5=`",8H9$,"`
M$7`%4I"$3A@"'E*!:%B$$_B#5.@")<$!24@#&]@``W2!`Q0H#U#`$G@!*/"&
M$1@"2<C"0CB#(=@"*9@M/S':W0Q";!B/-;@#77@&_3`(3C/;LW7-4[(&$.R&
M+5"&=D"#"HB=D\7-*;9;/^L3#2@!(#"!&H`%5#"#N]B7+R`%4D`"JA3)_S8X
M!5=`@QQ(-A'P`".8!.ZP`QYPX'O17"-(`T2`A5C`A7.0AUS0A6-H!2UP!(&P
M!298!]/XAFS`!D4!U$KK$D83AW$@AWF`AW20!W%8VX'8!57H!G/`!7A$AQQ(
M@1I(ACW8@5XH@R5(AAMHN4+(K_'8A5"P`17X!!_`D%,X!C3P@%OH@2@\AB=`
M`278A9FU`DYXA#?8!37@@"$`A4Y=A#6`M6.PJ!NI@1#8`53H`1LXA#9X@15(
MA2RXETYP,K+D`#TZ#"#2/B@0$CVP@:^L`!\(AF$XA2`P@S)`!#Y8M4YH!$A(
M@2$@`U*P!4"X`BR0@\3;%T;$`F<8A#NH`M%9A_]0M0,G0`%D^X`KV`(F>`LE
MB*B$BA$S&(AA:`%*F(?E2H\X*F)+.^(,8]LO8`'ZH82%`"(YD[-@M.F;QNE@
MW(`0.(1+<(-,$C\U"`53T`&&,P'CU(1"J!+WXH`BD`-:^`1)$%(B,H']-`-$
M@&I`4`-*$&*#&`=O^((2P`5D<`9J8`9;0!/[:5VBR(9F`(;XU(5Q`V)BH(9?
M,(9YD+9UJ`5/B(4<"!44P`-<L(0VD($I2`8C^$%:4"9Z&`<%F85#"(4C"`$Q
MN`4+P(`L,(4*<`$XH(6T`02OO`!BH%DV6(8W"(%*6((,^(%/6($KX`8[Z`$B
M&`1)8*%2X((*@`-8J)'_-3B$"M@`2`@#$;B`3?`MQ/`3$=A,%``"%*`#*R`#
M8#B&/1@%)0B!%Y@$URH"#-@#5<@`#<"`/*`%+5:*46"#.0"#,]B",)0#%O"`
M*7B'7F@$)D"!L:#*(+@"0U"$6&"&5OB!#``,E]$`O]B`8D`((=B#:O":(=:H
ME%;I1SXC:?N&)X`!.9&"(U@"*9B"#-?P#9\"'_@!'_"!)5@")CB"*-""9A"%
M*:`"(7""*KB$9_@%'CB!#B`"1LB$/'@"(TB\#.`"4=`$/)B"LQB+#XB"-5@%
M3E!@&UB!`>"#<7B$&H`#>4"'<M`%9J"&7M`%72@!$8`",IB&;4`(C4)I%H22
M_VLXA]*4CFP`AV"(!E"`"7J8!UE4@U^8!+A,@2YXAM'"`36`B@WX@4V0!W7P
M!6/0GG(<!V[H!F.@`PYP`4NX`1,0@4UX`@^X`6*P7E%X`QKR!"&H@C#``YKE
MA$^UAE,(`0]8`EJHD3=0A!0``4P`@@S@@5APC2[``QQ2!3%PGI_S$SWK"R4P
M812H`UG0`%?P@M?0@648S!0PA$I``51KA%,XIPR85N%(@B[`!3\X@R-8`0]@
M@T^(!27@@'OY/CX@/%'(`QUX@BP#`R$53`YX`H3ZDPP8`F3XA5.(`].DA^:R
MF93F'<UC%9D8B%5`!G3P@C+0`C+0@H0G`SE@^(:7@_\XD(,S0`,T$`,GX(-F
M8(0F,`,X:((\:`94$`,OH`(]B`,\>(8M@($JN`,[F`/"D84P<`'S68LB*(-@
MBP0F`($.V``2"(-:N`4AF((U@`1;>`9?>(=UF"!TJ!(@6H&V8:5LJ(XQ]))%
MZY)M2%9Q,`=O($V#J(1)\`50^(!^3+_P'B<Q2`5("`(5J()/<($*.`3B5H$O
M^`5%*89+2`9.R%5-N0--2`,94%4ZBP4FJ(`?`(4=180^D`(0Z(01X``[*(,@
MN(9;F((,*(%8N`$4J(%1<&!8\,,<0(6Y3`).\$0MP(-YI$PK0KIKG'@3L(1$
MT"0E.(8?2+8U&(7VVH`["(7_%,&!2Z`$Q>F`*C@&,ZB`#*B`(Y`O#<@#(]@F
M.7"%2K@#&SA:Z[4*?]0"Q,2!5(B&-_,3#YB$*8$'GG`'</"(KF9PZ4#;S9.)
MD*&%;,B$`3A03PR5^`\5*9.RQ2N!H3L$6N""V2([1QB%*P`($Q=4%/'CB=*A
M/%VZH+BCBY$2#!Y0>-#PAI6F1CI";$"1(<,&4_1TU8'$CMXY:_16KHR&@<4'
M#R->Y)%&C%FR</2LJ63I\R?0H#^W5;/&;5RN:+V246/&[!:U6\]XN>-&CQF&
M#(!B5?DP(L6;7D]$F,#B;,B4)X+J#,$S1Q:'#8^FD6E!AE*(.Z4(S>$"BIZQ
M#+9$_VPX\XH#"6I&3.B8-H;&*2\8?IPB,2B=GPLFZLRID(&6#0QK"'7(`$L,
M"A>6=HBH@2E%CA$X9M.N77M$#@TX/)B85,++JS.2NHS:XJ&$$V`]/F3(P\G#
M!27`VGQPD:)/K!TH+F``=$R'"1<D'@D"Y4=4A0\?3("8\N;0JEF:,*JJ9&L5
MJA$B<I!(Q+):$Z(T<TLW0AEX((()5G,&/=54DR"$_ZVT#3W).(",%1G@`$)L
M(\A&FX<>:@`"#BM<X8DA.6QP00B2+,,'!J4!D0@G9%SP@04H@/$()G+T0(D+
M&92P1"&>,(($!AA0A$$.:-R1#"B'F'((%3E,\@T]VIA#SO\P#UEAAR%LC/"7
M/-AD\\TWW/04(9OT4#@/,\0HH\XUV_!D337:9*-..=$<`XTWW#@"PQ*70)*!
M"QOHL$L3'-1P"3!CH,+&+:W<0((I:/A@`R-FH"!"+(ET8$,R051P1COT))*%
M'AMD\`L.)FAQAPN(?$)$!G/T\<$%F!2Q00_!<"*#([0@D4$A;'#@@RL7>!!'
M(1U<X,<7QV$RVX>V:8N#B"Y`PH4;7&AR0P8I('*)!R'D8(L3TK:QB0@8`.&)
M&QN$@`(LI6Q`&!7)'")"!JD5P@DE2M#@@QXN@"%():<DPL851LQ6PJ<HA-!%
M$!J,X,$APDR3ZB@A(*/.,3JU>3+_FPLV^"#*!O)D)SVCF-#)!;KEP*V'M>70
M80X7E.`')TEXD%43HSRBQ`88N,"')8-P!Q(3HJ`R1[PPA*'#&96D(D<)'5B,
M@1)NM'+)'IJ4`T(B+X@A1@:DO//+,<5`$XPZ:WK"S$Y`%=6R@MNL4R"$W\##
M3#'TU'&"!W8P`T4&'=1@RQ&'.P+(*:RTLLP51[SQ2S-0!!%+"!@,XLH*'[#R
MA0E`4+/2%9ILP,(B6LCPQC!:A-"(%L!Z4L('==CX@2KAD*)-,Q4*T4H%0'"B
MQ`53T)(!!GH@TD$'H1Q1PK;9RZ:!!JM<\0,@,&+@12Q+L+%!*'%\4((/P(Q0
M,RIKK.!"_PBC]&%!#AQLT8L0'VRW13+L``(.F(`)B\"$)@11A2!D("882!I(
M/#"T#P"!#"+`P0?\4PMJ)",>[:#0-M"1MS7QK80-8I"#3!@4HJSD"#>238AN
MDS/<8%`'H!B$""Z0@1S4X1-F\("KMH")12CA`_%JPBPJ$0:*7&`#-Q!$-"SQ
MAA!4@'<YF(,H-%$',>0@!4YXP1^.@`95<*(5A9B'FDBHDIZ8XQKK:(<[V,$+
M=31(A4+AAE4FE(UVQ(,7N!#&,*3ACG7D<27BX&`14H`!'?R""T!,PC%*(08\
M/&,1*5`!$WJQDG'P(0NML`4>R%"(5-1@`V9(10A,4(AV6"$1SO^81QH,<8HM
MT$,9;&#!%5+Q@0V,8@H?``,C.+`#58S#3;>X1C60<`H0=$`45^@`!BR!`Q0`
MYP,=2$0;+I`][8W`!%:PP!$^$0(7@&`33CB!(TR1"'OE@!E)4-HI[O`"'(3`
M$GQ(00@^T`=4[(!Z4*`%+)1@`0SL@!'0((48D.:1#(A@!T\P`QGRX`A"[,$.
M6CA#%E"@@12$@B7=&`8QD%$@-:V$A'8\F<I2>-*5/.A!R8`!"':0LVV.``0C
M^``>8C$%#(C``V``!27B90(DC$(5-_":!XS@BDJP[0(H6&0I++&%)2S!!XXH
M`0_J8(E'2.8%%MB`$GR`AU[,8@^1R,#_'5HA"5%L8AYNRH8\^NB,7L2)&G+S
M!2^4(8^\K=0G1>'&.G!!#5L48QCQ.&P\E`$-9E`#&O-X$(6&\0GU?8`(S*C"
M!3K`2#@`RQ)$*($FA%$*,HC!$CJ@PA=BT0$V\,$.'%`-%3`@A&,P(1?SJ`4]
MR$B&;!CC?"5(Q@@ZL(@R;"`*G\#!/-`!#948HQF?F((KH/"!+PD!#:G@P06(
M<`D1B.`,D*C`-K4U`@WDX`>1N(`EF(""#2""$$G+PBZ($+I3M$$BBL`#>#V`
MBDEP``<;4$4I3"`"#G3A%G08'Q+FD`Q5+(%7#]2`%P)!"EJ0`A*!*`,;TI`&
M-I0"%X?8``XN_^`);5A%)=Y(8CRNL1)NL*RO;4IIBT_*$RREP0,[(%&V;`/#
M"Q@A$W?0`$AZL(I3)($#%T`;)LS`'`P$`0^9^$*2,G"!)J2"%E@0`?5&0(<W
M4(,4;HC""SZPASJH8A27@$49J&`"`?2A&=M0!QGBX`EB[*(7Q/B%,<K1CFYD
M@T)`,6E?*12/6]2B&X4$RC7@\8MD*`-+OF#!*P3Q$1`4XPH9J(`=5I&"$\S!
M%$B@!SJBX88?4.,4<B"$*3PU"5!PYPYV"/,I4J4-3-!C'GW80CP\,0L8O*`2
M3?#`%50!G5)`@A[KN`6%T!$'`Z0`%E5(02`N(00?T.(.';E$#TI@@_]+I(!;
M(/(V#+'E`A\(HPM/>`,LMB.%3*0&!;300A?DH(I4K(`#<0@%>RX@"T)T^P.:
ML"0(-@")2VC`!$(X!"8NX<L02-`+A3AS%GB@@28FK0,;,$$)LI"!FHY(&;V@
M1C!4O!+S_H*.?'5QRE`88SMRPQOT`,8';+H#W8AW!#UPP0?>8`LAO!8#7^C$
M&CZ"`2QX(A`@F,@(')&)+.BP!![0P2Q0P04E>2`#46!%,XBAA15LH`,I8,0R
M-.$',0"A`RS@`!B6NS5*A`(9RG"'F=;$$[VU/(TH;]`VO.'GDGXC&^;PQMY8
MH@UC>$(>O(B!"?I0B17U0#$8L,$M[J`L5<C_P1PC&8<.#$$+#,QA$+"`C2V:
M0)!+F.$*AQ`'/;B1#,NC0A@K888C:+"&/`"K$R%(`1XB@7I@:&,;W?A#"38P
M"$F00!"G4`\6:*$'$ZQ"#1G00"9*@)L8PC`VW-+`S'&@!268P!,V^,@IL,"1
M03"B`BDXPB;&8(4L;"(W&_B#'S@0@@ZXPA`Q*D$L_D`"%U2`#LYP0VF40`8D
M'RFT00]`$`;XCPOD0!$,`1#L@!R,``J,``?,P4[(@S`D`S2``ST8P@P,P2'T
M`C:\S-S=W8'`F(M9PS=TP[Y@R[;0$`J4`""$0HA=@`L\PB@80=<I02F<P@U@
M0-><P3(<`@[P5`=,_T'#P`%W-)$0F`(JD((&H,`+7``4V,%]F`$S08\&2((N
MG(,R)!POF,/*38@V=`,ZN(,R^`(TU!DS_`(P2,/)]=6#\$0U8`,O/(-34$-4
M_`(OL(->(=-*\$(T=$`J[0$GF,`++$'(I(`P&`,]I,'5(0(]F$,S^((+',,6
M:,`@A$(0?(`C6$(5Z`$S&((>:`(NK(0SG`0W+(-*$(,VU`(@R$((L$`H0$$*
MP-L:T$,QI$HU<`)SB`$CJ$`7],(.7(`/J((&($(=Y`$1!,$RX(`+>,@.N,`.
M`(%L[(`'N`#V<,\%)`$<I`$>F``*F,$I[,L->`(.3)PFJ,$+N``S2()Z@/^!
M)7P`1Y3"'Z2`!P`!,\0!!VC`!^1+'W@`EE7!?$P!$$%/:["!(I1"*%!8)8S"
M+'Q"*X0`"6Q`X;#$-M0",Q@#+LP`"52`&2Q#JE#(H9F@WJB<BSU(%X!8>''+
M!AC!)R2""<0*$G@"C*``!YP!,)1!!X#`!RA5)=P`/6X`%0C")8S!!DS$!:A!
M):#"&-C`%YR`!H0!+>`"-#A!!3A+!H1`#7@",A06.=0)7U4#-X"#._!"UMD"
M,^P"7KG#.("#.9C#-N`1GMR=@VR#.P`#-2##./39-M@).(3!%31")2A"(/B!
M*D#"'FS"#F2`#$1"'_#"-%S")'0"/>"",@0#"?C_`1*(P39,@SAT01Y\P@](
MP23800Q(`3$(01$XPANL`#DP`X6XPR^LA"6X7%ZMQ"^T@R$00R-0@1/X`0[0
M`R_4PH/XPAYL0`TL'A),0PU<P`B,`@:$0"G(PA:`02:$00I88P[<6`?0TP;,
M@0T$@79<P`6D0!9D0A$P'"KX``A@P"O,`6\<PA]@@`DH0AY(019(P2_$2PH4
M`B"TXPCT`A9XC0MPPB0H01G$P`W0`I%UQ`,A`2&<@OV<`1,,@8?$8`E@0"`H
M@S,\PS380BVH6$]`@RKT01_,`"M4`S&@WC>,H4G^!TJZV#!\`/?HV(?(Q@=\
M02^@`0=0X!H`@P]4G0LP_T(E#,$&X!PE=$(:^,\%`,$>=`(9*(FS<`$MH$(3
MI(`2T`$(W,$M&(,?T$$'Q(L+-$$CO,(NS`,'^E4VC,,T1$4O-$,MP(,X[-V!
M`)H=48@R4,.:^H1*;(,+G,`+Y(`>?`(;M,`+Z`\P3($=U,`R`$XQ6-XYN(*J
M]``J$`0S((.QZ4(A^$`:K`(<<,(I\,`*J$$H/``@_((X6(,V9,)*Z`(Y@-HM
M[,0RT`,KO,$=M,$>>`(0S($\#(-N=H,[@,`K=(`2-(,.H(`58()'J($?L(`%
M&`(GF,$&`$%NR%8?Y,$D-$(<-,(@_`$L1((4O`(@^$\5J$)/-0$I9(`'V(`F
M]/\`!C#!)EQ`!=A`,U@!)>B!(@"#)!@!"FP"';Q`!Q"!+52"&Y3!#'3!+E1!
M5CA+&L3"*<0!%72`"7!`7+#K_+T`%AQ#,JS$-X##-`!#-&"#(<%!+"@#+I`L
M-\3#7\6H4*"@"E7#-F`)/80!!G!(CMK,>`$!!_#!,0Q!!H``"K!"*N``N]8D
MC,P?#U@"'HP`HFP`&VQ")"3*AJK!*;R"#J1`!JP`*)2")NR!#ISG"V1`#S"-
M*K!!$*R#3PC.FR;#+I3#.M"LGU:#-Z`#.P0#,JCAAQ)#+=Q)2K8<2WS#/`A#
MG?V",PC#+!C"%<36"!AE#X3`"X"!+XP`$51"+V@#/:C_@RW00RL\0B[0@Q:L
MPA&8@`9TPH.\PRZ\`A[<PA>TSR0T#BKLP3C40CR\'CATPS'PPDK8`I;T`@?*
M`2QP@`6XPB+(02,HPTH@`SO(`R,T0Q>4`"C(01DP02R(Z0U<PHI(0AD(PI'E
M`#,UPQ.`0(8T3@?P[`5(0CS<`'?00A,X52B$K0=`0ADPAR68`989@B%\U0TD
MPPY@`*68@H<<P3,TP0?L@`7`0BSD0`<(X!Q@0BOXP`?$A0@H`1=(`A[`0BJX
M@BFDPB=(@SITP]Y5PSP`@S,4B#NPXC&XE9UX`YZZ[`FMC!V1Y4HTPP;@!LUQ
MRXWE#`<H`BJ$`+L:`35,@D1T_P`?8,(4I,`%B(`A9,(8E`8&0,$IR,(32$L'
M_``KQ`(2F$!,2($3HD$)F$#CN$`8E((GQ$$):$`2Y($[6`,VU$(OQ`T[B$.,
M5<,WK$,X3$,T,(,M4,,NZ`(NU$(XM$.98(/+V4D+MTQ1/,@Z-`,P/$,\J(,Y
MB(/=*D,H",,I($$%8$#:/4'C?.LK<(,[[,)*$`,YR,,T](*=2(,AH$`%#,([
M9.XT!,(&&`,/L``B-,,K3(*KTH,O#,,Y"`(K>$$'2`&1<8(GK`0Y_((<8`$G
MK,$9A$(;K$(='`.EXJU*0(,OV`$F@,(2O$`AO`*&@HX'A$$=U,`AF$`%/$$>
M_((+`/\!">!`=_:`!S`!&T#"+&#<&#0+!IC!*[#(%,SK!EB!()C`!BQ!,GB`
M32V#$'3`!R@"(8Q`%PR",CB!0(9`,CA"5J*`#;Q"*MC`>J!`$MA!)=S"*9#!
M&?C`$-1`,+!!#9!!+=B"!HY#(<7#,10//>2!-S2#,Z3>&KGP2<)PS-)#-M"#
M&,2<"TZ?M7($+0B"!42A&/2"&L2$!KC"*C`<5X8"(V`CHE#",8"!@&U`$/3!
M);B!"4C0%)B"):"!0'Q$#RSK*@A!"K"!*&>)1BZ#+\>8-J!#.1C#4S"#+["#
M.HB#-AQR'=7E2N&)->#",I2#W+(0/0Q#`OP`+5P"%7Q`"DC_P3-(EPBT:(.`
M@LN1@R]<0A,8UB3R0B>8`!<8@AAT@S&@P0G(@2L4`A.<0C)<PR?L53<`@@60
M`!]8@99FP@HHP"R0PA_@@23```I<`@H$0AVPPA:,P"600!JDPS,(M2=L`@K4
MP2EL*"*X01Y8@26,@`LT(0U``BR0@2/@@!\X0BJHP0B$@`B\P!?L@120`A>@
M0`>0PA7$2RJ,02JMPOF,P#)D6PA(W7HM0B&L@`>002S,3P=T`AKP5`_<@AQ4
M@#\&J1A03P:(P2M\PAJ4P0T8`N^@`!1H0A*H``MDP4ID`YPPVE#OQ#0D@S98
M@!3,@R\0PX38J4^_L$J9D`S3P@N0_U<,X?"&*D$R6$$%Y(`)Y,$Q%",&.$$R
M\&,^R4%V>@T&+($EU`%AE$`)Q`$H\`$5;4`2K,(GA`$0N8#C)((G+$(0I(`)
M%,%*E`,P$`,NJ*W@H8,P+!HQ#(,[B&%)_01/<(.>F*$ZP`,'PF@)40@O7"[?
M44B>T,,>F$`*Y`$3.`,3&!$3+$,(Z,(V8,*#Y((CTD,S\$`*!(,C;L,N:`,V
MM($KH,(IX$(ER,`9T,(2$((LK,0EK,(;I`$F<`06B`+7$0,*6,`J+,$`\(`L
M#(TFX``92$(S2%`E4$$4L(,NT$,W9`(=6,`-S$),W,$:D$`(<,(3I`"U?<`#
M=8$7_($C</\(-<PD'`B"J(Q`)XB`!AB!)4S<$J"""*"`$VS7!DC"'W!`!G0!
M*V@M#RR#"(3`$=P"#I1`!7`"DM=,,51!!>S`!J1"*HP`!J3`&%2"*S`!#$0!
M60,"!DS!'7R"'M0`#U"J86=)!BI#3Y"#,[0!#82`J%=['>VXC`*U"?5$V-J,
M!@`!"&"?QO/`+\`!>%4`+-""$5W`%MR"%&P`"(0`*Y@".7W*'70"$J1`"5R`
M%%1"0'%=%/R!)M"!JQ#&$ZP")F1!HFQ`$;@`%FQ0,Y"LX(5#--S"+O""/'P#
MH)5E.L3#,.P",=R$'AKN,^Q",/!\">V-G;SX7.Y$3[]#-E*!%E3_0`\XPQ3P
MWR3`(3T00SFD7B=02#JT`0=<0S*XG"X@[S700C&50SFH0B-<P@YH`RZD@SCH
M@"C,``9@PHA(P2>L``9L0A$-0AX,["AP1RWFP"N0PANP@"HD`AI1@U7`&0?\
M4[QD02#@]RS\P<UPPG>*0`6$PAC$01A(0@Z<0!54P2\`@0EDP3J)&1^4RR-H
MP0.50KW@0"<H`<6`@A%P5RP\$T!DZ.1%Q(I(K5:,"&%K#@>%P"1MV*`!DB8D
M'S"`>8,#S"QJJZ@->X=*T*Q,NJ:EXT:/Y35CML"QU(8K3P!>])@)HV?-6C5K
M*UD&%3J4:%&C]*J=05KM:-.AUNAIBX)B_\<(#4!"*!F!8\.47TXRC!#1:=$&
M%"8`Q1*1X0*/3(,ZX/CP8Y2B#"%0N(C4R<P&$R`&+9MTX8*&#TM$6:)S(8.'
M#T->90KG#BK+;_%^)7O6#FC0:M[&23-&[%BO9KC8R3.GC5MEH=OHP78Z^]LV
M;]^"\ERJFUXK&"*J-''1(4DT#$!,>,I&#QTQEKW@T5L':Q.]7^OHE<.U<A<U
M>O!TT;,Q2X0D></HF3)UX<.H)"!P>-KP(A:/#ET(==AQ*<0*4UY>B.,22**H
M1`IVMF$&-W4BV2"*4$2X`(U"S&I%##+&B*4Q)SHQ`HM3^B@CC4=$,<6/"SB(
M10@,4/BDA@QVT/\D!Q2HV*2$#P)I9(,,XH`DA0OF6,4$#/2`9`4,N``%`Q!>
MT$02#EPHH9@Y.MC@!U`HV:"$%<:@I)%*&D&C!CLJ4\,`QVQIIYADIC$G*'5`
M"68E:T*Q@A66/&%G)Y]<F\W/HY):ZL_9S$&AA!QPT`"$'ES(88,FC($"!!.`
MZ*6-#T:X(!9`,)"K#5MT^""$#];@*RX3QNB$D`LZ^.`*3/[8@0.N;BCEDS,P
MB+`K1WZYI#66JG&G%V!T04<V8+L)!QI;DMF%EW;$Z:PIIGCJ<]"AJMDFV]RR
M!<JGWD@`H0HD1)#5"EDJ>.$67U@"11QZW@G/FUU8FB:8J)BA!YQ$PJ'_1YQD
MZ%EC$1LHZ087>I*!980-8#$C`PU`R<"$5;C8X`I!.M#@$Z[JP,*$+ACY``U6
MQ)B&'ENTB:J.#W8@Q0DEP'CDA0SPX.*#,(X9`H,0)!D"!4Q5Z6((#FBIXX4A
M.D$A!"126>N-/SSP@!)'-@#!$BA<N"`3*DJX8),G+NB!FA&Z!L8&%"Q@!!(5
M-+B`&3<^X&".6WQ8P85'7?D$DR\L@$$5H4[QF(,=F/)&F6-\P8T>;HKY92<K
M_L@%*7I&Z6:G7Z_-W#.EJF%*\Z&TI0<0%$;8(8<=X-O@BV=R8-6&7<0P(00<
MB%F#@U%%H06'"U!0@I%41D!AK40NX6&%#Z*`_T63'\S*`(<^;D'#!!%<2`$)
M4RJY9A=*6)('EY/4&>H;>*:YY19GPC$'MLY9TDV;;M29IQQ>C($FFE["L^;8
MSX'=AIMJI.4Y=)0#'K#)Q<ZJH`.J:,`$M@B!$^@!#)9`(Q[TZ`;`Z`$*RY5#
M&.9(Q2V8,8U*2.X:O>!&-VYQA#=8!RF9\,`%(I$&%H&B!!U(1!HVP`-2L"@6
M/?"`(]P@`RJ,`@4PX`,:-$&/7;CI&J%PT";B@`5*:*(*)%"$&W[D"3GH80DI
M8`5&V/`$.VS`!1X@A!'DD`@/F"`16>@`!F;A!11<0!-!0)(LS-(&/Y@@`W2`
M!09,``LM1,T0?3#!!__$<`P+["`%G)##!U(@!TP080,X"($@,*$#"Z`@$#X8
MQ"_.8;]=3",>?W"#$;(`%&L@PQ/WVLDP<`&*#E2`$>=@"3@ZL3[^:2Y0[-LE
ML)CBB@_@(`<@0-T'YL",$I0``S8HAA,\T`$IZ,(+'R@!"$;1!PS<S0F<N(,U
M._"#3B#B`AOP@!9`H8<71"@$DX!(E4;P@2.D0A-8&``;TE$+<)1&&?O3ACMV
M88M?Q,--1/D&..)AC%_<XAC,V$4SD!$/=Z3C'.#`3C44QY*5V`(5I'`<M8+R
MC<YX;G_MBPTT-*$)3B3C&O20`@/`D`,-[$`$+Q@$(Z!R#&S0(QCLXH8M<#/_
MC'300QW&J$8D9*&"47#C&3M!&3W:,015<,,[]'#&#4YPB#QL@`29V,$*"A$'
M%AB!$QTP02PT0`)#="(2<^#%$SBPB"V88`N98`HXD,&),U1"`Q;P`22>X(9(
M8&&;F_B`(OC@ADXH(0U:8`$>@&"(.#@"$:+0`0@R\+4+0.$2(+C`&%S1`0_`
M8@X>R$`EFD`83!SA`E3(1!F#L(L-C*`#O<!:"@HAB@]\P`W'P*P(H)`,2G0@
M`R7P@!B&X8DZ7$$9%KT&.N`1B%?D[5TKN08UG+.-;Y`"%ASX`!>B@1UZ^`(]
M/?GEH'KIN?.R9!8PZ,$(X),!,1`C>!CP`C1L@($-_ZCA&52(&A5N$8<5R$H.
MQV@"!T!`)&`@(0494$(J6*$$$^3@`V/P!"#BR4PID,(256C5%"(AC<:A0Z.+
M*\<O@-&,>2B.*=70QCGBL:QC$&,8J<F&>HO"DVVX!BHHP((;4A$+>H3"&IMH
M1;^JH8E:T,,8HNB%-U(Q"U?N)#NH`(4GEL$)YU0"$N:`0P5RR(4KS&."[="7
M<^A!#'&X8QFD*$0XFDH/7$CA$^:(!E*8T=):5((3W,@7/7K1CB/0(1`I8,,F
M<L"!-A#B"SFP1`>(P`DV&((5J#@"&J"AB!/PP0X8@$$K4B$=3"QA!94(P@6<
M@(H8W.`5BDB!!S+!!#300/\$2BC#$X8)`EI(0@Y;T$(OE):$45P@!'2H`P8P
MT(<X/(83.0A!#3@1@@OHX!08Z``CUC`D09!A`Q<P1",J(`(D,$,B3A@;#CB@
MAEX((04:X,`58I$*@A0@U$+AQA=H4(0M;$(7V;!&RI3A"7I``P*J2$0%.M`-
M@3.E$^OHG+766Y3TKK<RR1@P"%IG!F+D0`3O_@44B%L%8A!A4DW8135W8`%%
MR,@#)<#!+%01`@Q<@`ZWF,,*0+`!((B"$TF8+0:*H(A,<$&T>?'#:=Y%K:*"
MXAGJT*5/UE&+8C34%_!83HY[XF)SG$,=XX@-CF&3@U6D8AHDH`<+Z'&"7$2!
M'E;_T$46R,&&/KRA%"[X1?B$T@M++,,3P%@&)M[%DES\`!DRP01+U)&P-X0"
M!!K0Q!-BD(=)1*`4QF#)+<#1C77DRQK4L)PRWA$5"=)C&;AYQAFXAXL,Y.`4
MZ=`&"$#AB#B`P@TKD(0>5D"$L>,@#W8@;BAZD`,DP*+!M*#"!6Q0";]D@748
MT(0>HH`#(.1\!,[^01D^D`$4L&`+0F!!%AQA@0K`(@P9$($F;M"!+3#BD(>X
M`P<\T(HM<(`*GK@`"(AP#!&4BQ@E&,$+G,$(,*`$HB$),B`#U.`7HB`#0$`$
M3,$20L4#-B`4Z,$<P&$<T$$<H&(57N`%#F$</*$<@L(=_X1A%BJ``XXA#!1@
M$>+!9.@A''IA<2`NXK"%<W",?W:,'N;!`Z2/`^:+"`90")QA!S"``[J`&BRI
M`M+`&:9">&+!#U*`F7C`%N*``SI@!&"!%)3``V1N"VQ!#CJ@!,CH$("A#"H@
M`ZJ&#-/`#Q8'*=X!A.9A?ZJ!'):%&'!!'FYP)[1!'LBAIYZA&)CA%FS!H7;!
M&'3,6JC`"@*A&$2`'C:`'G``#PBA&CR`'B:!$1IA#LK`&7H`$*8L-G9A$_K.
M$S)!$[+A&[9%*+S!<30A%:I@`(Q`F.@#"BP`$<Q035AB%[SAS%B"&MY%&@I/
M'6(0)[##'8HAI\AL'GA!'-;@$_\L8`9&H0<PH!`DH0-JX!2"H!76@`_,:11J
M``.2`!788A2"0`1^(!9,P`,.016^H`28`0DP0`-P``>V(@=Z0`0:H71<0`DV
MX`SF0!;P8`V(`!6BX`*FX!08HQ3@0&EB@0I"8`<L80<^H`PX!2VL0&+Z@!(X
M8`,(@1$X8`5"X0T(PPAV(0I`H`.>X!@&@0,NX"_H0!@&D1AV81>8(1F:P1:B
M@`7&@!Z\@1ITX1S0(`G$0!,^0`0TH!,>0>`VP1R@8AFP(0]IL`8%Y;Q^@A[.
M@7HN0`QZP9),P`MVH0?\@@^H89L^@`\<*`1$(`B280TJ0.:LP!:.P`1,0`TZ
MP0JN<`/_BB#*Y(*!SB`9&D$$.N`"2L`.@"$0,(`*=N(;A@$4?E(HK$$==N$8
MGL$=4F8HN$$=<@$:J,$6>@$:>.$=T*$;*E,H.@?LZ`$#$*$0J,$,@N$(Z($#
M>"$2Z*$,XB$/YH$-#N$[1.`:KBXHPF$4KFP9-,$9%B=EDL$,",$1I.`2B$$(
M6F`1P"`#FL`4M&03@.`#$$$+4H`.I&$;MN$6W`0=B@$IB*&EIB'T<`$27.`-
MRI,>:D$96`(86DH8@@$<FD0N7:0"!,$NGV`49$`.J)`M+@$*,L`)6,$#7``5
MJ$`$IH`4-J`#]H`26@$+0&%V7&`>Y?$J+&`1<.!0/``K)*$=_SQ,$9H&`ZP`
M$3H@!ZP3!7Z`$SX`!=H`$-+1$J1`!%"`&DH@!**`&1@C!(:A)>?@$S[@_GIA
M"7;$!YA!#5Z@!%!@$C+A#W#!O')#'I[A%"A!%"8G&$XA`8[@%$2!#W;A#.:A
M\.@A'F+0&N#!.[(N*B7.!BD.-M#!4)*@%X8@!$P`#IAA"*)&#S*!`VZ$#SPA
M#$-`!XAA#'`N`QC!%0QC`R3!$WY@5CB`#I8A#>S&05R!%HR@`U`@`]C@&/Y`
M!%0@!>:A&HS!$WA!<58"'1;S%]PAHV#C&N9!%YAAQI`A':ZAI#S#)[AA.7;,
M6D8!$AXAB41!3U:!'HJ!'.B!%$20&?_0PQQFH0XJJ'U@(QA4:A.B83DJ,XC\
M8@7D(!F2@`4X@0<^H`WP8%8BD@,>H0W\YF"^<SG2X<ZX@1A2IAE$T!PPX1.D
M[O,DA_26`Q?N!1EFX0*<CPA60!&RP$I(807:H`[(P`-$`!5N``600!4RP`5H
MX=281K0.01.DX`4\00/D<02V8BM"``[`(`3(AA@Z@1;*@!7"X`:$X!&&U`^^
M(`6$P!4D,`X:P=I$`0PVX`@XP0-0(`R^R`/T(!)>S1`,84B(H0=RKA7R(`50
M0`J.`0DV(`2>8!,>@0A@(`CD`2E0,2C601BZH1=$D!["(`UX(1M`X1W^(/`:
MKB>(`1P83@/_M\$<OH5--V<J?\F\R,$(@"`9CB`$-L`)=*$',F`B,2$$0"`%
M%"$4AFF_HL$(-H#C/B$2,F";9($57,`%\J(42*$(9HL#)@$4TN`#-N`#S&`3
M(*$(4N`%A!`90&'))F<;RN$6?D$9=M$SS@$7J`$8H.$=Q.$&J^$:Y,$=<H$7
MH($8;.$6-M,9OF5_,HK*VA`VM`$WO!,J>.,IF,(<QJ&E_HTELF%)YC$%F$$,
M#F$#;,&L"J$+3(`NS,D5?H`)Q.%@LB$94B8>T.,;J&$7H:&`T($X(RAEC,$=
M6&(95J(9]&0;,*$#1"`32D`(EF$.,``)6`$&`J$2TH#8*L$(,L`,_UK!`T:`
M%HC@`M2`.C'@#UCA!4;`1A*%'C$4!QHA+XH`!8R!!$C@8E[`"AX!#:ZV(4EW
M$'BG%,;`_"*21P@A5UQ!#5"@`VZ!Y#Z@&8:##DP!=9F@$V;K`HYA#*(F#))!
M#"P`#8W`#VIAH1I*%\;!<[P!<<:+''KA#L@@/6YA)]KA&%CB'018%\A4&G97
M;X'%3<_K?W"#JK[`K(Y@%XH@<]<@$S3``RQ@%68A!4;`!-C@%G9@4ZD@&<!P
M`VS`$R3A`X;#"39A#6;.`WK@$AB!MD2`"%JA>%XT!43!'9@A'#K#&XP!$W1A
MI]JG&M#!&([A%X)A'?J$&]#!'8:A%VR!&O]ZP1AJ(1PR,!N\05N8(@=?HU>Y
MP3:X09"_X=^\\^$`2'_ZI%I8XNG.`0PH)='D0!&PH`OHX!$R@`,R`0HPX`WJ
M8'HX02$`8:>ZP7'H01F0P1JRH:I^(67<H1GHX1M&+QK,K!J6@2F:81V>H1N0
M-@,N8120P!'`P`/&`!8JX`EVX0L<8A2*P`.^@!$\(`=0(9&O0!0>]`]&00E<
M`!,N8`<NE![%X@Z`8"NX8@U^P`(.@90[P!:DX`*>(!1*(`-6P0Q(YQ,260I.
M`0U3H8A+X!BDC0DP06K/(!4JP`)N05(RP!*0H`,ZX$NS#PN200E$RP9"(1;>
MP`O`UQS((1J.(?3_6`(73*$%1N$87*$RGD$:XE,#N0$46@.%6`)Y_7AO?>F7
MMH6JVF$>B@`(,L$&-B`%UB`9=J8#!($55``'7F`2EH%Q.Z`)5M,$-F`,J`$.
M;@<#R"`9E@"4/:`-F*$*1&4#XF`9RH"X(B02Z'-/_*480"$75H):S&$:&BH>
M>C,JTF$:`O$7C($=UN&X_<2\8$,WM(4W^`0J'@Y8MG<G*H,G5D(:J``-XVL'
MH$$#CD`../8#I"`36J44PJ`#J."C94`1M,"?V84>GJ%?Y(&?F6$3FODFKL&.
ME0@=7"P9H$*"FL`0%*$''"$:_B`!9`$),B`,_B`$*@`29@$'7&`46F<._Q+!
M!'8`%7``!>9`$9#M$>J@!XI@$RY`9&$X!U+8`^`#OD9`$E;`#^!`!$``(CB@
M"EBZ!"XV`XX@%#`@`[(@$#Z@!RS!L]3@0']H$LYB%)9`R"VA`ES`"U!AFWS@
M$K+F")*!"%YH"ZA!#!S8``C!,RRH&';!<WB!$E#`*CLA*K1A&7BB',(#T.8!
M*I1C&\3ASKYE!G=IXLYK6W[A)NA!$2[A%;8@">`@&5(`!/0S%:)P!0ZA$Q"T
M`[B`&&S`"KOU^/!"%4AA!,Q/`T[!%3!K`Z@@%E2!MIB4"S#!Z8*B&XIA&?3$
M,^*!&)(A&%IJG-%!&GKA&':A%K!!E29G3[ZA&__0@1S"(1Z4(1[((1V4/8U#
MYY=P=9>_`P0^0`GB:P2(@0LL8`A@@1$V8`56H0NX\!9`@`.L@`]F`00NH0+`
M(`OB``J86U_IP1U&80"H@!=(#!OX.1.TP1K$0<"3X1M(@`QZX1$N`!1((05(
M80I2H`WVP+1$(0^H00M,`04\P`KNP`2@`!6..@[V(#!G80O"0`,VP0,T`%%V
M0`FR#Q*6*5'$P@@"01;`X@9LX2+BX!`Z(`A0`;/F8&52&`PPH`EF84<"@0\P
M(A26`"^`00-@X!$>R01.H0I0Y!*\@(PZ00A2-P\P00.<QP7X@`]68:>F?1AN
MX5N:80C@4Q?\VE@-F!O_,H&.[PR_*Z@:B@%\$SOB!%VQZ6$8QK,UD($,S%$0
M<L$+.D#E0B$!0,`()$$37D`NW*`7B@"0'J$20,`%'`Q+9J4#QFT.4L`%/J"V
MJ\`"-*`#H&`5X*'%*G`70"$ZJ.P:A@$3C$&\=B(=A@&[<`$=PGEQL"$=I.$9
M-O,6>N$7G,$8<"$7:B$8@N$]XR%L#[LGH&(85@!#4P!)H],38B$:&.,&DD$$
M/&`+6L':7B$)MH`3Z@`1F"`5CN`%BF`7H,(8WF$;Z*`4-H`#(`&BW.$FS($:
MF`(=`$(9-WK)LL&HU,1`G%`[['B20B-0%@\;1BDI\JC4A0^.LGQ(<BK#ACN2
M_S9D^!1DT)-1'4:,R*%APQD^I3@HT;##A8LM;UP5\:#C5(4*C;9LF"++0P9*
MDS!@"'7DPYL^&#J\TG%A!#`,)9A4&AIM1`D7U#R(D/+IP@4[B5*XN)+L`HH=
M(33D:`7MFK=MUJQ]HV>LUS=KUQ@%HP?.$[UM\XC1HP=,'C=MF:I5@\?L<2]R
MCZT]_@PZM.C1CZN=H6>9M&K2\8[1&VA,RXDT/S(9641IT2<6;!R!4E9!!(8X
MMC1@2)'*SP8<1WN%^:#A`R503U"(T#"J%`X1'D+LV>4--3UOST"%H^?9&KAB
MG01^-B<,5+%RXD1W@S>-V#%;S7*1ZZ:-9ZL]-M"`!O^2UI=GTK!0`@=!X+%+
M$"WT@L,Q5(C`P2ASH/#!+36@`(4G&("`3!=M7&")=3Y(,TXWO5Q##S648(##
M)Q9X8(L>@H!C##W#S.*).?(<,X<3E3"Q0BZ.I(#!*'N440H<'@!120Y4;!*)
M"1L4,L<'3*B"00:%L.$!")R4H,,?HG"P@UT<3')&!3J5H,0.)920Q""?9"#"
M%Z0,`H0H9GSPQ1\98``(%BB8J00'A,C!YR=1B,`$*1]L<$@6)A#1R08A@"%(
M!QOTH<4&)6121`@H]#)$"#CLT`,((%CP@C+T_.798.M4HPT]XO2%6'K@/`8@
M:N!84\TVUVQ3C3?A)7A@M*C_G9::M*'QA1@FWVQ#CS"YC,'!->5<L0$-AGB"
M""M/:"&+#H;$,`@H&93@026)5*!!"F`0\P0'(X0P"RPHK/"!%[;,D8(()@A!
M31G)H$>/-)K8^MDZT63"SF?;A,/,;P5^]@T\T-P"3#'!G,/M@-9,IHTWVFSS
M5\K6AM97-<A:PQ?,?PT3A!6D@++&"BNDLL<M:GB0@AZH5+!!&ZEP8$(??)@P
M`BI@T(%&'1=TT$<;)_``S6/!",&!$Z%P>(D4"6SQ2A$#X$%%&G[X04,BEC2*
M2AP7%#&*!4!H,D<'/8Q20@I]*)*$":MX8<(9>(3IAQD8Y+#G!T(P\@$.,(V`
MB-\:_^"`PPB:JZ")&*24L$$>:URP1B9)L$"&(QS.<@2(M`C'BA`7`(%)"!M\
M(4H&*\BBQ@=PP-)!!W6DP4$(ED3AP1:0=("!(WN8D`,()8#0`PX8G()>>MB*
MURO.R&[##;?;]H5MLK<N5LUB*XNW#;=^S0R:::C%CS]J.'NS#'7$CQV@H$<9
M7&`,>21"!5^XA:@4D(5E6,`"H@@$)M2"`4_,R`72\00(4!""'F1B$!900QDD
M\0D7S&`#(EC$)HP@@XR!8QF[&`BWUL$,8+CC,]S`!2B>H8['_(4>XB(&,)[A
M#AAU!C3>4,<[:C&,:##C%E2TQ3&2@<5C`$.)_?O,S>)GL_]D;<,6S&`&*P[!
M!!7$``6OL,0F:L"!#%QA%\(9P3-RT@-0``$#6'`'*EZ`D`V8"0H8>$,CZ$"+
M9#!G#8=@$R@TX`%'D($#'<A$#Z`PCS48`!&W"$$,(&&&#JA!%AGH`"E$48(F
MP&(#/4B%/.A!!%;<P`16H$0'0N"*ZA@A%A?@0";*4`%514$+<]A`#EPB.ARD
M@`UW*,(K,'"!/4RB`RFX!"&LL`HRF,`%KWC"!:1@*1><0@H7^`$J/&`"._#!
M4YP@@@GX8`@3?&`3-PC!#C*1@13(0@PAN(`FDG`!T(5.`ZB+PA@>`3'Q@&8R
MC]F&-[[!C9II@QO>L$PU"E2^]$W_IG[<X`:OO!'1+NJO6OBK'SV(03%P@"(;
M](#%'L9!CU<H`1HN&($%LL`,$O1@!7DH1@I*4!LYF(5KE<@`U*:`"1VHH`;5
MB$<\R*&+3LRA$JZX$0;8T0Q0!'$PVG#&,N#QF6PTPQ*\&`BPOE&+9!S#%P+T
M(GJZX8Z17?$7TY!&.,XACFRLSZW<DED7D24-:(1G?Y^910%6@`)%T*(6M:!$
M"##@`20XHP<>L,H:.E"!5MCR`K$HA2'XUD\X/',#KH!#"XH0B@^@(!5F,$$3
M9K$"#W#"!B`(`3,VD()A/"$$.J#&!ZSPC"ATP`J!F%(JOC`&(3Q"`9\@1SOH
MX0E8@,`#_WU@`P9&,(H>7,`+LT@!"F*1B$G881!D0$('E!`ZT+VD`I<0P1)<
MT8$/%.(-&=@!;'%@A3XHP0.Q*,(%F&`*4U7B!A?002EB8`178"$#)F!&@R`Q
M!^Z`8CM(D`4'4)")'8@@"9S8@`M`IX':]N`0LUC#*!(:&D@,ZQ$LI4<V>O67
M`)7F,:1X!W2?^YA><<MF#140_D;*/_QYIAS46(PWCC$.;K%#$KZ@1S@N0044
MI*`*O]C`"%Z@AT_\80B&<$8LK..!4JR"!!8(1#2$88I'A*`(GHC'9^`AC(JF
M$0Z@"$;\!C(,2]3B,]J`AB9R4;/'M.,9P!`&-I:XF',$@QC+H/^&+^`!CB%V
M\:^OJ84G=O&.9;U&%#&@$S2H80M(%&$%CW5#,Y0@$DJD0E1"$)$'RL`(##P"
M#V0HI2G.\)$49<`.@?B`$C21@P],XA)0T$`FY.*%4ZP@!9OX1`S88(HN3($3
M&C"!(*0DA`#+H1*J*$,FG(&.QZA")*(00@:&,(H0>*`+C8"L*2C!`M^A(`<U
M32;H+M`$09P`P!FXP!_<X((2F`(#+NA`#AR!A%AH(`-F\$,%4$"+(F1@#*/@
M0QY4P0H,A`"?)I!%$UP`@DZ@;@OM[L$G1H`!,.`A*Y_#`?=NL8MD$*,3;AX-
M!\Y!CQ.(@Q>M,`<]*/%S>G1#%J&P1J__HK",:)B"'O-8Q0X9(0Y1G,,:L6@%
M-H(\,R#_%1N5X18QI(&><!3#$F:@QS1XH)0?1&,'($A!&I*1@AQ$HA-MZ$$A
M*H"*1;`@",A8QR\*!.KZK.P7Q9`Q*1PAB[#]I1V9Z-%CK@&-3(`=8MH(!AG!
MFK]Y%(.*PCC'QWAX#7F$HQ:X\,4S>D&,,DZQC-'8ED*%/#]ZM*,95BQ&,1[!
M"53\`A!?Z($%+M`=5\0B!"%XP1HN@0(/N``44\C`"(YAA`I\XM@H,`(FF#.(
M0W3'$DGX@!J$@@)25&$2/DB%E@X1APX4H1*Y8($FE@"#']`BCK&HP6\)80(6
MK&()OW<Z/<ZQ_PD;8`&5$`0>X`2D@`$H$`AZ`$V5\`63``(XX`*?DQ,NH0$A
M4`&<,"ECL`H9\`%^@`47$'*2$`4$UP%D8`LVD`)C@`HZ<`74X`(K8`:8<`,M
MP`ABD`JG$`L5\#U(D`%`L!4>L`:.T`%1H`GJ5@:$,#D@H`$CT`&1\`N@@`G+
MD`G)P!<^]A@U\`:!L`'!``;:H`;T\`#B(`#T,`7J\`LX1P]>$`D[,!Y<<`UB
M0`]`<`Q`T`Z30`RYL&<B12U8EW4AE0O%\%:9,!`=<`OP<`P,0`6[8`3T@@2Z
ML"@6<`ED\`$I4`>G<`@RP`41<PO`@@O$,$38T![B@0[$D`<QH`FO`?\-QW!H
MJ#$-F5!SCY$-A.8+W;!$VN`.%^,,[=`KH)$-ZB`-T;`?U-`+NJ`,[$`.YX`-
MXG`-S>@-RZ@.`O)Y^#,06&<,3T`$21`%B_`!%P!9+J`'Q"`'I)8"DP`*'E`"
M)H`*DX`"%E`*:\`!'W`*;[`1=3`1%^`)-=`!8W`*)G`!D.`&'J`$G1`$CF`(
M6V`"'4`='2`&U74,SV`%+#`)=S`EG[`#)O`(=!`"+F`)5'`!2,`(>$`/O%`.
MP5`*KX`"':`%CD`#*6`*8^`!.(`))G`%DL`!0(!,K^(".P`'L;`+.;"/L%!*
MCW`&,7D*1:`%B)`$4C`"*%`&=X`'OD`&I8#_"I#P"+:`"!_0`::0!$,@!K>@
M!"1P"CJ``B5P#"B``EI@"!<P."5P`5VP!R@P`DVH!!V`"M30"<O@":"0"6J(
MA4``"T>H"F1`#RU`#S!P#C"0<_30!KKP&%ZP"IK`"M-@!/30`^3``[]`!.G0
M`^I0"*@P:5K7/RO#+>D`"CFS#,/B"'*PAUZ0"4(@'#=0"[7%`<N@!QU0`AT0
M"HM``VQ`#\VP"XM!#\7P"Q#C#I801.'A"[M0"BQ0`:0@#Y>PA_10#ID@#-^0
M&MD`#9Y0"Y\W#LYP1#"U1-E0#L6@1;^`#.V0#7Z(:&[5&>/S8Q&C0[U(#^9`
M#J>0!57P"2KP7WAP_PQU4&TE\`&R<#LN8`&,P`@IT`%L$`L)V`3%@`$B8`2;
MD`,;T`6JT`$9(`IH@`$]L`S>"$\X<`>70&\]8`L;P`&FD`8P\`[%>0*I@`08
MP%V'P@F-2`25\%AI\`<&@`K^\1BK4`(D,`FL$"&G0`02R@GQQ0A-*%`OD0*J
MT`<B@`I$@`$51A%]$)`C$`M`H`)_4`F#H`=.,$$9H`ICH`:L0`*XD`:,<`$9
ML`CB)0+,D`<S4`I7(`(7``QW\@5^T`$RV91AT`H<H%XY<`&*0`R>T`G`@`F@
M\"Q8=W/T8`'JP`:Z,`GTL`#8(`'TD`7"(`2@20\A0@]'``]Z``U90`\NT/\,
M*3`.LX`*'1&:?=A%$<4LF_$8Q8`+U=`-=%`'??`8T]`&)B`"/4"9*,`!E4`(
MJN4!JT`,/L`!].`,QL`_U-`CGN$+H#!$W$`-SN"L`Z`!HO`,+78-P/`++5:?
MNP`*M9`>MQ(/R_`+\.!7Z2`,MN`)NI`./D<:'<4-YK`.Z*`._=JO>-4-P,*>
MTL(-Z^!5QV`,[T`.X&`.[<`(K_`*G'`*=%`"*R`"&^`#S(`(%Y8">`!?'?`#
MO9`#:$D+K#`"+JD%Z+@)4W`!-^`)+E".D:!:FA`$17`)JV`"*;`&??`!'%`,
MJ",$\T`/JA`*.<`!B'";5/`)OD,';+H!>,`&/5O_"2SU#KF0#<%0>#\W"R)0
M`F>@""E@!(H@`CM@;TR8!'(``[%@!!C@!*ZP`1ZP!UU0EJ$0!!_0"%@``R*@
M"9&0!4KP!V"`!I]0!K)`!2C9`8[0"-3S"GUP`HL0!TYA22+P`[$@*K'P`RA`
M!;$P@3F``R40`E,0#=0`"IW`"7MF5J#!###"#-8@#IN@&?100/2@"6[F#=;@
M#/!@#>H0#M6P#'\1#=L`#2SE"YGA5]8BFI-F#8,E#8[Q?VIJ`/#P#L-@!#E0
M`;O@!1_P`74@"Q:0+[2`"%$0"!D`#=-J#<>@#.D1#<'Y%^LP"F[&+7A0"9GQ
M&+B@"<^U8[Q@">704/6I_PN@X`M<1`_J\`R>4`SN8*^@X1?H4`N^($4D<PS$
M6`R[(,&[\`N]0`W'$+#P:2TU(R#BX`ZX8(RXH`SB4`YC@`<?@`$;L`$[8`K4
MX`1RT@&R\`HOL#?,X`12!@G$M0%7,`HB40:/<"E^H`49@`*;@'9+P`DIL`.Y
MX`7)-PI.P`%+D`E,TP?AH0VBX`$9L@0?4`6ET`$F``AI$*&C(`4A,`2J@`;D
MT`OIP!?`4`WHL`N1P``S8`AD\*0?X`(1&DS'U`,I@`@9@`I1$`))0`H>@`%\
MH`<9$`*ID#A\,`C=2`I#0`6#8`MVP`;+L`4=<`.;4`$9(`F#@%NS8`HDT`8R
M:_\"3_R#C_0!@)"R'Q`*3>`J+N%.4L`*FK`,._1%-,,_DI90UXHLK^%7)M6>
M*)9UL#III<$-*K47Y1M$6%`%VFH+$S`*DO`"NQ8++Z!NK?"U%U`&IB`,^V.^
MZ,$-P#`-PCD/FB`.J9$+I[`!RT`/Z]`)SR!$]!`/F-`,H"$.N]`)M1!DW>`+
MG4`-\S"-VW`.@:A6Q"`,\8`.(!4M\8.%TH(LXE`@P((-=5`*J@`+D7`"+E`(
M/I`$L-`+=!!,Q@0*BV`!KM(+58"B>B`4C^`!H,`#<X$)1H`"+HLZ;,`*U",*
M;,`FM[!P0T`,P?$':V`2GJ"_Z9`'+U`$9VD">"!4'H#_"E)0`E!P.RB`!9``
M`WK`";T"#KX@#'!0#:/@!XZP"3_P`8+0`D;@!5S0"$6@`4"``DW8!:4P!KO3
M7A@@!X2``AO`"C[0`7)@"!G@`:R`!%P;"M1<"DA@*K&0`Q[`!:S`-(^0"BSP
M`Y:0`AZP"&L0`BGP"5*0`4)05!AP!J^0`CCI<D`0`A8P!'X%4?23'@Z-&NB#
M'NT#+#C3&=@)+,<L&L<[:=P2#4$TG([7"YGP&)K`!ZI``E9]"[XF;)Q@`3MP
MM.YL&:.X,L`@#>XC#,LP6``DPC`@#L%@"<_%4MFP#+<0'MR2#>:*>8]!#K>P
M#,$P6)\!#LB0#)E`#<B@#O2)_R"J4;S&:PWST`G-X`[8P"WQ<``M,``SP`)2
M``=Y4`O(<`074-HD$`?-``<FD`%4<`MA@.%,P`PC8`*'``N24!6ED`<8H#A=
MT&^C<+E1D*<;P`9\V@&&T$@?0`P7&`:,D`3TX,YPX`6`H!29$`1FO`EM6@58
MC`&$0`8JL`C#X!E0!0)=H`S`S0SR@`[<@&./`0T)P(090`,V(`]3$->>0"]@
MX-(F`((<4`6"X`'9ZP8=L`.D$`24P`:?D`=\L`M$P`%=``PF40A\@#3-<`$B
M,&V7;05[<"B88`-R\0E@8`(]X`)*\&$K(,_TX`I@X$6G&SXSMC_I(2#N@QX\
M-K"Z/?\MA$7JZ;J\B\$-QR`)S/(-FI`P4#`-?-(!:4`-,)`#+P`(K6`KV[`,
MME(-UZ`)-O88N\"\]#`.F)`QU!D-O3!CT[`)Z<!#OH`)XQ!DM0`*Q!!N'R,/
M`WP+O+`.")(-Y\`.RC`,S1`-J:=ZU/`+S\H+M4MIM^(.SG`+G@`,MA`*M%`)
MEB"%NL$'>X"F''`$P"`+5F8!0@`-7)`"&P`V2E`"%F`'/$,"8?`)'N`!,\A@
M72`+V*L(><`!(*`)A9`"&K`,$C@&M%`!'#`+89``>-`CN2`+7(`!23`**(`!
M7?`'*-PU81(*4\`!>2#M](`,9D"GS@`CYW`+F]Y1W%(.L%7_!(W@#,50"&70
M`2CP"5!P`4XP"TI!"7KP`350"<`W"920Q;``"1_@!G6``'"P"SX`!(;P2!5@
M"IB@`B:0"G#`0LG@7T!8<&=0R!Y`!,2P!"8@Z3O5"8\A#TG`!.(1#LR"[%-G
M#>L01-8P#N;`%T)+#]J`^?+P2O0@#RPE#N%&ZOECS,><+/&C4ME0X)"P`/5Y
M^!I0`<90`T2\!-#P`2/``7N@"'[P&)V0"XN1#9F`^=;`#&$C:)T0[N^\#!G#
M+=TPKZ"1"YA`,>B!"YV@"^3*O^7-#M-(1.0@#;T`"IYP#,0P#,'`#ND@#]C0
M#>M_#>9P#N/@#LI@BW]U/S[&#=<P_P500`5*D)(G@`@T`!`#FF1:Y<F'A1(P
M&MDB<N$#DEU40'18\JN#HRR@B(2XX&E(AQ*8;&1XXJG$!C2N[+P`XZJ"!51J
M1'B`9B+$G'/TZ!5#T4'2H0T=2J'Q`(*3$1%4/KD0,<B5%Q2S>BBAE$EGN&CT
MMFG5R:U:,'+>H$%#8H#.(@\F2#$1`833B`Q;%FUP"P+%F4<94%!R=21(K`N`
MX``RE,$/'!<DBI&!P0:2A0^`R'18\2B."!B5)F7@T(28%Q(N3GRA5XV>K`1B
MZ'$#U8P;O6N:<M);YDYG)W#5U`%['<R93F;O2H,R9XV7,9W)E2]GWEQGM3.E
M33NG7AV>;?]ZX4#1>[7%63MZSV2!L;`#Q+`2)3"\V20#&CU/Y71FLT1.IS=@
MN.A9HR?,TS>=A,G$'*Z&V02=_>@!9YEB7M,I%TQ\T88K:^8Y)AEEO-&)/WJ\
M"0>:3CPI1IEQLN%0N1-1U&F;:E*L;KEJJL&F'?Y.!&$F$2[@@(1%?JACDSZ6
M6H&#(Y)1)(,,+*"#&!LNV.`':&ZP@(E1^%#CA$-HH:,"1!*I(`,\LE@A!$MX
MV`,&2WS80(E>.NA@#3P^,&&4U]+)198",)DB!!`V&0&%)4;QP(,V\,C@`E0,
ML:"(44@(XI%$AA"%&'*L`3`YT\@IAIY8^##C@C%6R2`%0=!`083_31I"0I8+
M+JC$!@^DB"4##[38@XLR*L&!$DV`&>.%+!2I0`1#DC$!!6@PR$`#9LB0Q`9@
M<"@!A$ZJ^,`#(#!)Q`<RU.%FJUT"(`,=3^))T!)Y=(IG4WKD24:G8M+1"9AS
MK+'&DVOH,<<6G:(![T6`88PNQH`+3I";:SKA9L)6@M'I'5E.`*("798`20AJ
M0#`!G&9\T<D<3.#1*AM@I*%'FVV>Z:4T;HCYI32M;-G%M!BCR21=T\+9I)FM
MGC,F$VC$P92>=7))!A1GPLEWN12_N6:=<Z)&1YYNO)EP0X-5)`>88YB9YIUC
MPC!""B&^T$,45YAA!8P=-F`!#R3PN.6'_Q1`J*"137!`88,:=CD"!C@H62&%
M-^IXAP\7&B'&IA]`.14,53J@A`I.2+B@CS4^6*$7(%!P`I56Z$E&'7IX&`6%
M#,(PY8,/!G$D+5.P\.`(5Y18A)%7S(@$DS,ZD.&1>%J$49QCU"5C34TX>-,0
M$SIP10<1<K!$`PX@.>."$&*I(8,:+'G!"CTL^:(#:&I`(0IJ.O!\%RPB*.6-
M-1K1)(X*W'A%E0I&R(&8+1C@Y)A1Y$(8Y%"'.N01C$@LPQE7\P8FPK$:<6SB
M&Z\Y!ND::*]O>$(G[6#&@Y###6#T+&LO@HYT1O@BK]#C%NQH43EV`2!U+(,>
M0'C!*+;0`?T9H_\'*#`!-9YQGT[(RQK$<]AKB.$QV.2'*^K@!#N2<XY.\`)F
MU>B$+0ADFFP8`Q/(`!"'UL&+8]BB%D(;6H?0(8UI%(,:QP@C-8C1"V*\D1BW
MN-`R/(&=$UIC.MP`QSO800L\H.(5I6"$)+`0A3S@(`4I,,$2\*"+5@A`"150
M@B56T2H3'.$74Y`!&-:P`;VA(`="J`(&/#`%26B`$VK`0`F2\004`"(36"A"
M$G1!!"+0P1,HP,$FEC$`)N1")Z,@P]Y,(0819.`24LB`6XKP`2L4(@468`08
MB``%3?0@`T$HQ7:NMB&O=.(^DNC`!8#!A4;*P@,;V$,6/(`"4B2A`UW_B(0(
M.@").:#``K30`!H^D0YHP"`66NB`6M10@A5T0A`EL,`NDJ&!$!1C!R1P`C#*
M0`(/A*`5KWA.-=#!"V=0@QG*Z,96M@(/3?S+&IT0&3W<P2]Z1,-<]#"&,G1"
MC`?2PQ8(4L<N3@BP$A+LI]2QACF&,1].`$@<EYB0'[K`BA3TH`+%$`(&-B`'
M76BE&IYP8HM`$0\]TN,7POA8)O`HC4TLC1Z^6`8V$L0+6B"H*S\3YH:LD0YF
M)(,7W]R0/'A!#$^("!?S``=?J[.-";DH8/;2D'*H@0`.K,`$%6A>"K!P@R$0
M`A2<.$,%U)"%`JPA&G-(`?7<\`LCP*`-9_A`_PXTH(017(`+;BB*"$10B%,,
MCA#21`$DU!"&+%A!"Y(H1"3L((M**&((&FA!++0RC1&$8`28<`$*CH`*#%S@
M"ZI8)RN\$`(E9*($'O#!)U*P@2T\`AMA30Z+:.,-:VRC%!MX02<N<8$<:&($
M'D@#'M;YB#=TX`BAN$`&T@`+%KAA&-)XH`Q[``E6Z.4,J8#!!>:`"BP0@Q5\
MV,0,UE`)%F2@'<-HQ0^"D(Q:`&.FU)''&@FTC6W<HJ[>H$6+KF$)K6IB*]HX
MQH2Z`8JMZ,)A^Q'J4#$UL.D8&48TT\DQY$6/8_Q+';0PP0ADL(D\5``%7$C%
M3&\A'_YD0E[9:,<OWO]EC76,8AW)@08SPKH-8/R0/^?8Q'N2PXM,*.,U6[E&
M+C(1C=DDAQOQZ$4G@*$,=1@61MSX%J.37,:L\:<<MG@',I!ABSYD(`0AP,$0
MI'`&29"B%YJP0@]>H)X3;&$8@M!;!S[0!TR(@`2.@(,'7)"#$8P`!QH``B0\
M@.L=I,`&?``#)C#@`B`T`@:G\D`'!O4!#IC``L<&`0;:0+1,]$0+F=[`(0;!
M@0N4`@L?@,(E7)"!*LS"!!@@A"&NU8>5I3`Y'"+&OXB1`2W8Q@8F0(440D"$
M2U3[#8IH[2>6&P1.9``=X_@-/:"!#4\$X!)#&,$&>K&#'&0@&2+0!`V`\0?_
M+-"`%%9XX#:,48?&KB,:H(`&.;(Q082=`Q>@.(;([,6-3I`US*2C!S#L0P]>
M3(,_R$#.6J6(GVS`QJT.4G)ID-QTYFPCOM601E;H,0VK6V,70$A,(UIA`1?T
MH!DB$.<NCJJ39=1B&V2P0"KH$(-SJ$,329=Z,K*Z%71<`H_/R(1;)Y0.2SCC
M4O3X1C0Z,8V>F48<RDB&)W!1+^:80QVY\$4Q;`$,4(!B&9OG/"@\88MG3*,;
M0_5&-H)PA#<0P@^HL$7KDW$)5#!"#WH`PPGT<H$*H`$8LM"##3[P`B,8*048
M,(03.J"$'6@`!\O'`0?L((0,[`#9(,B`(0RQ@14<_R(6I1W!#H"`:UT#00G+
MKS8:Z$&-;&!B`)R0`@@\D`DBN$`#F%`"!LKP!Q-<0!1IV$`)RI>C9)"Z^$*1
MK<`%9>"/7W"K<Y`&*:@`06`##C`*6(J"3!"!#V@%.O"`#*@$*&B&GM,0=O@-
M-E@#0'@!%-B"53"!&.B"=V"#&%"#3S"%H+B%<2`8:$"\Y-"&<'@&6^@$'TP&
M9L"%I%L->FB'3YB'Y+@%LJ('7.@@;;B&3&B1;;"$I+L7`ID'=E&&6H`9J`NJ
M1X,Z>TF.9A":==B$Y)@&+Q@^+^@%#LB!#V`&)J"!6$"&K#"-7C@J4$"`3"B#
M$V"'<<B$:^"/V"@B>AB&2_^XE&O@A&$80&ZX/`*9#V.P!),A0FYH!UM8!EP8
M/>40AWG0!5#(!&#8!5X(AW,P!V^0NGG;CV_PAFL8!V4`AY\R#6NH@17P`,J2
MDPW`@!3H@!3@@!1P@C:``0YX@D4H!E:0`A+X`#H0`C)H!B:P@`YHA"@(`1>0
M/EQ;/@VX`#?X`AP0`?TI@1WH`"JX@S2PA!H0@1W(-?W)`1R0OA$`@>[#@#2@
MA^V@AUZ0!?6H`N["@/0R@0P(!2;(@!S`KA"P@TXXE"9P(F_X!A':#_X8APZB
MAV:0CVK8I/5@A!!(@3^(@T-Y!1W8`#B8+Q-0`Y.QAF&PJ6H`A:0[!T^(`@SX
M`%__Z(!!,`19X(0AJ``^B(5`.`%ZN`21P84.$`)+X`7%8AJ=P(9;6(9O8H:&
M@P<SS!=B<")Z0`:/H;JBHX8GLX6<^,*A\D*H4Q%[N3EZV`1UT!!?F`;WTP!C
M(((=4`%-R(,44$:;VHIF^"%ZH`19D`05V`)NL(2KN3$D-(U?(`;A<0=.R(G>
MB`4GXA`MDJ(<'(9EV`6Y6A%R`)%C<(9W*`X4X4JCE(X:R9IM,(<NV(`,6($/
MR,5<'!032`$/N`%30(1;X`0]T)@2$($7\()HN`41,((@^`,7*`$-R`$0P`%=
M(TXW_`,HN#6NV[5=,X$R<(058$?BQ($<`+\1``(-``$@_PB!&HB'8`"0>;B"
MEZ0%.+B`#B"%JC*"5*@`#;`"6T`$.1"$2?"`%+B#K72O5"P-3"B-=(@W9+B"
M#%""3D@/.!`%%$`!2;B##G"!3<B!&VB'7BB.;N@$_E"&K**'=YB$#M``)K@%
M1D@`#;`%5K@`$U`%8JB!=^&$<%`%!<"!J;P$9YC,YI`&8@"%)R.\3=`Y>=`$
ME*$':;B%TC"'3=B&U^@$#5&'=Z&'<:"&_6A((_/*KXPZG1B&W["&"1W+%>"$
M-#"!#^"#55@!%X""4=`$G2B'>-N&9C@$$R"!0/B%QA*'6."Y:@`&#]2)9MB$
MZ:B&9.B%)!N'3QB&/:,'<8"&3/_`!:;+#F;HA&AP!\/BD&W`!G1H!W;(!5S@
M!5X0!ER(AWD8AW5H+!,R&'M)!V!8!E"@!4A(A$.P`SM8A$:0!4Q8AE>]@APX
M+Q?```X(`V:H!"KX`%%HA3B@1HPK3N;3M0P@A!Z`1V$ESHHS!!R:3G4<UEVK
MSA5@!,(;5%2`@2#8A`LH@2.X!`]8@4*@A3UH`U30@R5@`5*P`110@E\X5.<`
M!:$1AV0PC7$``PPP@4I`@@L``4V(@@R`@H3#`$1X@U1P.-NHAD4EO$ZXAFIH
M("HH`0X8A4/@@`TP@WBH@,'9TS'0B5W8A$GXN6IP!VI8!EN`!F'@A5R8AEY(
MAE-X!S+_T@EV^(1_$0=-6`?^0`<*Y0]@P(Z@TXE>>#*<<LBOA-(H70ZO"`>"
MZ81VV`IP6(0'"($G>`87V%9F6`(9:(9K>)=<(`=WX(,8(($E.(;&`H=+6"]N
M^`9,$":=)08B)`=-L(T)T09B6(;!XP9G*!?E6`=GN`1=&`<GK89S*(=FL(5,
MJ*)?:(9AR(5@6-QRJ(6@>X9;2`9@\(0M9*_%>@U#F($2X('9Z@(]L((MH`,?
M"`(/L`!`@`$7"($7B()#H`99@`(+L*TQ@`,2T(!W3-;EZ[Y7&P(78+YAW0$4
M.`0/\%WB93X0R`'S6(%!L`9?$*8=J`,KZ(`3:(4M8($R*(8@_XA.2W"!2:""
M35"!#0"I@/&%+3P_!/D&2#A-/;`#\V2$.:C55T`"#U""#K(&="`&>U$'(+4&
M9+"S3D@%"]`U:.B!$"`!1,@$.H`$,\@$3P`#G3B'9C!4%,$&<BB'>%"&>$"0
M.-@!^6@7-KJ4=/B$1S2'6%@'TT@CG9C0UQB'))4'F%J-HAPAHBW:CA+:8'@9
M??&$7!`$*M"%)+B`%'"%.."`\_F%6X`"`?@"4T"#0P@$8*`9<."$;E`\34#"
M#K$$9"!"$!F\6K"$P"2\:;`$A^&0>0`&6X`'%SF'83B&3$B&:0@'$QZA;!"'
ML,R:U]B#&$BF02%19]N``O,`$HB$%_^H`3FX1#XH@A<(@1W8@0L0`C!`@7>L
M3MS5'PQ`SN$L7A`(@3WX@.+M9!P(.Q.P`6WPA*U0AUFX`#&P`V#(@"1@A$SS
M@$!P!!5H`S^8`B>02'7@3!19AR0-AFGPV1Q`@1O0A!#``#5P!0_`@"Z`A`*H
M`U](%VNX!2O^A9SJ!+=*!$AP`QRH@$$X!@[0@!X0AE4XKS6P@DOXN6V(!TN(
MAC5+D.?`FC*0`#GHAF,`!O!XC6F(0O[P!J75"IQU$&:PC6C^EU]8S'1PTJY\
M.AJ>MVIX#33CA)XY!NSHAC%8`0RP`E)(@3]9!B$P@)%DAS(0@2\8K/U8ATSH
MAM=8JG$XRD__2!<6288Z+8UD8%(.*0=+T(_DD(9.<`:WFC=X^(5EN`5IH&,E
MD\48=@YNL`9R>(4N\((H*`(<T+16P8$H8`(M<(1E`(9+V(,H6($%];[@!($D
MD`,1R%W<-<X+@(014#[B[;X0,(0+.&O?U;5<$X$@H`<AXP]N:`0E``,K:(5'
MR(-3\`*0P(0BV(`N.(90\%NZU64BXP].V`]Q`(8-ZIT-`$@4*`%+"`(-<`%-
M\`)ZP$+^T-^&7H=Z)(?MD(,!T`1I2*UB4`6P6X&-(H$?P`(G.`:0I0=V\(1E
M:`9WD`=/W89KV`97*(5*<`98U`G3_HVM^(8JG@]+D"MDP&%D\"EN_W`7J>L&
M8/@&QS:8&5[H]C('<*A0'"8'LRN!&N@$#"@"$GB%/%@!(!B"9$`".K@`2W`"
M)C4'8."Y;K`$GCL'V=");_@$)WJ-<(@%D=D*D(F&UVB1>-`$:$BL!RZ&3=@%
M&FD.<W`'D%K93L@$#R]<3P`%8$@&8A"&=T`'$[%<@-$C<=`"34C<3<"$O$H&
M6P"%39@%0L`"5_#%T@("_<FU=LR`,SB#LO;DY1,!&Y"%%4A'3':!0.B`Z?1D
M_0E.#FB&:EB&?*D&/)`'*W`"4`B!#="!2M"T+V"%=0*#G%(&CT'H#=D&;S"-
M8I@'>V&&G/@&/VBV,N@#\Y0$0NB`&$!SG?^XA71I&9[3A5^FAUV0!EZ(!$!X
MAU,@`#(X!5F@`1S8@$+8A`IH@R*X`%J(!I%IK&L@!UT864^PA!#OA5;(@R)X
MA.3HAF+HA)6NDT](;FO@!"L^!TQXC1]SD&3XN6)0VRY4:/!V#G/HA$N)!4W\
MA5)(`03(`T%X`2"P`&)P`B>8A&<`!2!`PEY(%WTYD`TJ6YV0AU$8[PG9!2#C
M"EZP!%C<BGG`A&C8BNF0!IIK*2:[AGFP&5]RAG)HAW-@6.9H6$AE!V'8!4LP
M!A@#U:WPR!58`E)X`=_)`!:H`!:`@15(`#_8M2)8ZW0$@1XH@1R(@4:P@=XU
M\A'`@#H@@K4NWA'_4((.0`04N&0C?RT1<`&'JZM@`+(LD`NK*H5'/L\K&#Y8
M^`9+608"&3RFV0:&5%(@I8=RR"KFW:$2.`8E*($@T`006(-F:!"E9A=UT"!M
MX`9`U`E+("-CF`8NB8)96`42*($4V`)HN((M(`%)B`1<Z`1W<%?F@(4(0(&D
M2P=JZ`3AX!`!(:-LR(0"KP9.Z.ECD',?91=Y6(88.6KO%O9A?XZDAC+L<(8E
MC`9A(@=)<(4E6+-E@(,N,(-2&`1!:`1Z<(98`(5/J'%NESOW@@=.>,2>\T!K
M6!A,>`_^^(8+R9<)J09<>/&KF0YU,(9.0!IR,/H3XF[)AY'S8X$2&($4_Y"$
M'[@`/8""-,`"SR6#-K"$(LB!6\N!`ML`&``!'^B"/^!D935KY@N!,P@#*&]K
M7?.`.0@#4#)R\@/>*!!4Y0Y[@%@4*P@&&YU<?%`S2D$)0,/HT6L7C=XW:Q`O
M8J1GS5JU:LNNT;L&;!N];I(Z>.A3)@.'.H4@#FM&KUHR=!";!8,8CQE$<9BJ
M9:,7+$VJ#"125;(`HD,48+8N_/#!BIZS3K9X@;.8D=XZ'E5P>;*5;F9/3[LN
M=L/$CAY)3?,@[GJF,9LG;1"!M2.[=2_?B]7.S*S6=S#AO=:XT4,V<]ZQF>*2
M7;,(39K.6D[DJ,FDH@JU1Y-DL&"`IQS$<9R\D?]4I@FBM6R:<)&=]VDL3$[A
MV$(TIDF95HC==EFZ]0YQ1F[8R-6:%HU:,ENVCB4C]FQ8N'.1+Y(LC#'+AQTY
M0*"H=.A8*2YSZ*1QTZ9*B1`[0E0P$TC4'T%;N)A0H@0'_Q$EO(\`P@@9*')!
M#D!HP!\.(^2`@PA5F,$!$",H6*&%((2P1#0<J`$./>I`U,X;')@@"!L;;,#(
M&:/0$P]I]!3SUC:]&;81/=#D1`\SZ5AS32\XA#"$)QN`H(0M07%S#$CC`,,-
M-]]HL@Y<BEG#SC(05</++R>X\$(=MZ"P`08%M'))(73`X`U$X"!#3":;=`+,
M,<`LX\DR[*"2!7;T9-/_RR8@DC3.*!Z2A,F+TMQ"CSGT9/(6/<K(U2)(V@WV
M5V"48MJ7-3-"U,DY%F5B$U4/T0-.)]MDD\@R(,#P2B2,<!`"!YJ<\I`\F&0C
M&#*>D"4.)V.1I,LQQ'GCR40:T2.-)8I=]$TPF!P33G80;:/.,+>`XLDMQN0R
MCSK8F!.N.-B<,XX[O#R3#";`//-.IO204P(*(G20PW^=#(`!"B6T5\(%(FBP
M`P9,&/+%"8'T`,,%(XR@0049-`B$$B50V&`4?5RP0PD5:B#@"'QDG""%%BHX
M@G<9I$'$!QZD@`JRY_"101&E8(#`$=&0M`XU%LECRT8<%;81.M1`1$XO$+%#
M_X8)'ZC"Q@4F."(.1+C(M(TNL-'##C!8;C*.1;@0TY,B?A3`P0EG-%.')(54
M0DHDS&S!K&!8:N--N-E\`]$@:UQT33&6D#9W-)WD#5$FN4#D3B?5(!;--&RM
MLXQ=V(!2^+L96=K1Y9NS1I(PSD#DBTP?+K/--C2E0](P1R3@A2G33.%!#I88
MPH`[U6R"C6"U9(+;.+0$E?<RH%L4C"9CV36.)=`@)A@WNG0"C9H7K2,,,)T0
M4\LZQ+U[#3F\84J2+T`(L<41'TA1QP<A-%ARP"6<AP(*.X"P!P@:#,A#(6ET
M@$$'*+C@`D'8P`>2\(</!`P$_=D/@R3Q@1R(C&05"O^0"R:!@Q[@0`,M:(0I
M[`*1:X2""].)!SVX`0UW4<4=;-F4=BSBB4_1HQ/BJ,8W1B&"$#P!$QDH011X
MQ0V/V$0<G;@&28HAC)E<`Q7<($DO0$</1I3B$II``0G6D(E'K&`&%U!!'!J!
MBF+$(RA\X8@V@H*-88`B$RB$"#IB\9"\B2,6:[$&.31!'&G8@BR:R`L]B+$6
MSF$D<W,#Y+N*9Q=S;*(:%JD)27`!#8T4`S:WZ(,I2%`*(T2#%2>P034ZT8[B
M=0)H[M@$-RP21Q)"A!G'L)$UB.$);%Q$&\:PA#*FE8UIR$D:D]H+#<6QCE^N
M`QO9F!:66(.ICLQ#%:-@1#+_PI`!8*!`@17BH0A(@`<8``$'+G"!#\"`H1]H
MH0)2L$(9&A$%$-@A#G=8`QD"80(4!&QD+M!`";QP!1!0;$$2[`\.<D`"2?0@
M!/K,P0M<MI5P5`0<P!`,-FYQ.HO0B"]S8\=9LC8Z=GPA`Q\HQ18N``-'_'$>
MQ"`).Q+5D4RH0S#IV$1(Z$&-H]W"!9B`!QH6$`@8:,$8E+@`#1Q!@CF(PQB=
MP$0O?%&.<9SC'.L`!SJ"H8M66*46EE,4-3`A-<&\`Q6PC`@F%D5'39R.'L]@
M5C"*,4A""I*0F^N-+51(#W3-1!Z>($DXJ#&W9KRC'+-@A28NT($T#../[U@&
M<>)!_TJ(8&-0$/$&)Y110GK(8UD8`8MC+S(.6RPC%]W8RC72,8QB`,,3H%@&
M-7YAVEX0@QK``,4Q;.$,:9P#(R0YJV'H08HY-*(.DP"#&9[0#9950`,B.-`&
M;%"('IBL!#E`010.\0(2W&$'(PA!#XB0`3XL`@0<R$`4*K`%:31!!"-;$!`N
M``8GW$\#.1BO!#7@`B*4(@,[<,$.-*"!#52A&XC9AII`(IAV;+8:S:@LL@HC
MF$)E8R.80`TW-)$!$!BA$Q@(02ULL3VJ4,8:T3`&1,Q!"TY)8S5%1(87C/`(
M<^Q"$V-`PPHP$(EDO&()#&@"=LPEC&@PPQ;,Z$4Q<N&.;O\4CAST`(1T+/&6
MZ14#%&3A!2DM@@Y-9`,Q.YF).30Q/6T`C7-I52OG5LJ6;X#"'!;IA$VT<0P0
MT4,7CU34*0C"`4*4P\E#A$@X,@&T<7RB&Q9)2UXLTHQ-+$HC*S6&!^D!CV7<
M8AP9,4<Y?K&,9>RB'/+(%6&X(0YX(.-OQQ!&WFC+EV^L@Q'\`4,@S)`%95`"
M$9\001%`X((GV,$##1O!A!IVAS<XPA`5V$$&7<`?>^4`N2*X01\F@8$$+6@'
M(NCG)+K33_9:B$$9<,6^^D.A)\R!"B712"FKD1UA>*,:M3`',3.5"U_H)%+Q
M>,/2(L&'*M!C'#SAAC8R$11M@.+_'(*9AY+5)(W>Z6058;C"HHSQB4BL8`3U
MD@4P&!$)8T;4+\@*1SCDP8M*C(*/=ADE+Y"U"UN4,MZ:$'.\+V$7:X!"T?08
MQE@B?DS`:([+FS,'.(I8"XCP@L/;:`:SU)$,H#EC$S)0@190>8U-B,,BZ^#$
M-A#3CE$4KAV<4#DW+#$1Q'R#&,F0QT7B`8IB2&ENWHA',I8Q#'),=7/=B`=(
MRLU+P7C#"QLHQ`=0T($.+`$$:%@#"=Y#!QLTC`0E^,`'BA"#4`C"!<<H@0LJ
MQC!>:Q,$&?@!*RCA`61KLP@YN(`6?*U<:%O(!4[(@PG:QQ\/7`$+.N"Z&"&B
MC6>8H04Y_]++Y>H-DF\<0VK9R$1`<4"+25@D&AVG1SHL`9%S8*(B],A%[^RB
M#$_8J!W/T`.RS%&,/5Q`!G88`@T0$8Q.F%T=J#%,-[I!#E'4P1F^6,=$2&(.
M4#`CT'31N:$U@0V+C&,3X:;'+WJ>C`2C%<QYFLQIQ]S(0R=T&##8A3R``M`<
M`VWX`NCPP2#TPFW0!#ETA#E\@@>APR>,'_,M"C:$PR6L1=ZD0R;,7C<<0R\$
M&D2\PS&`@BY,REEE@SJ$`S(80S$PPP[>`C5``R\$0SJ8PR#-32EQ3U]XV\JA
M`1&TAW>$P`AL`"N,@0I@0!C\0`B4@"GL`2$\PBKHPAH@!!C80/_`+(A]V1<.
M@,`.H``BJ`$C6(!TD9=XH4`=-,$'],#&2-#(F,`K8)`T9=#FG0$4V$#>7,,\
ME($4@,##F,!9*)++44HNZ((+)@H]A(,C=$`*:($L8,,V:`,P>$AB3(0UO$,R
MX`8O7`EBA(,'0H0I=,(PD,0WL,,>;`(B$$(!Q`%97$,\_$*V+$-S:%TR%`,F
M7$(3D0,>800Z)(,EB`H]U,(EJ!P]E,,F>!`VO!#._<),T(6HN-W+70H!%I(B
M64)L]='-T4/NW,3C?,,Y+`X]A$(E]$`>,0-E5(,W;$)L60,ZH$+AY((S\%>+
MS`)$((8O>$*@68.CV<3<2,,F.,-F&1/_/9R#+B1#6#R#,+`#4F'#+V$#-JC#
M.RA#,Y1=,CP#.Q2:(A$&1S@)/:Q!#-S/RMRA!O0`)K#!,*Q"#W!`"<1"`EP`
M",3!'Z2`"Z2`'E"!K_53@R#;"'C`&W`!!Q0#_D"0Q'3,'1Q!(%P`?8$>&8:`
M$N`!!]`:A51,#F!`#FQ`"3Q!!W"`!S2A"VS`XVS$`&H'25@"$='#,<@#1SS#
M#XC`!SP"#,$#KY#$,;B5,.31UVR-8)Q#+,`#/=!"+00#)U`&G36"*I`"FFW%
M-_@2."Q5-C@"`-+#(W0!6[`#,=P"'Y4$]E@.-!S#W(##)SA*/"Q#-=@%,W1<
M1;3>Y6R9-V;*_XS$@T6X0Q[1PS1$8D10PXQ80TU`Q"\,P@RT@3L4`T70PS(<
MYC=D0RPX22Z4@RV,0B(X@3E06Q+843*0RH>`PF&R!B]<@C/L$CUX@SO\PB8P
M0SFLPS8.!C>T`S0``S`8@S<XXEYD1QS`@`T\PAUD`!!L@!Y\00T$@1#HP2JT
M0BI@P`A@`!Z`01I<@`?<03XQ#,/PAWNY0"!(02N0@1',SWRA`.?Q0`<0@1U@
M`!Y.$!#@X12``>/ITX)@:`YHC`@(B/OL0`L"$DG$PR-9PS@D@V`0PRCH2SM<
MHV#D0MC0@S98`FU\%FY(PT\@!KZY`Q<HV380`R@`"@$P0C;L`B9$`_\[,.16
M%,IO0H0H$((NV$(ER,)%B`,T;()-6`0V9((QA%4[?(*4T(,[8`)Q[((3><-!
M:ID`VN:[:`Y)V`(ZM`8P?`-)$`-M&(,3D8,EU,(*&($O9$<S'-&2?H+N:$.$
MQ4`;N%@F5``(K(`&W`(QQ`,R3$,YT((P!,,P=$/^(8-%S,T[["(TB.->?(,V
M7,,ZR,,ZB`-^^L4@90,OY`5\;L6FD(061((%.,$>8(`(;`$<9(`(`)`2L,`L
M7!X'+`(1N((,H`$27$`>]A,5Q$$/6`(-H`""B$`0V(`;I$&*BL`@Q!/)"!0(
M;``7>(',^"''2!/FT1H&D(',V0@PH-DOW%S_."#")-`!/>S"%2`+,^2$-539
M)S[#-9+$*/G7RFF"".3(.5"#7[8!650#/*AI6$R&.ZC#.93?,0#".1C#+V#+
M-%P#2%S!$Y0$,W0"XMA(.7#"KBH#)G@0/'0"I0T#T>3-+>0$6QH8H19JIC!.
MUO`$5=0J-!X-/:##,FS$-70"EHD#*C1"T7S"*)C")T0#;0!IQD1"'@`#-+"`
M"9B!,!1!!0P`!W!"%G0`"R0`"FS"/QI3+6S",_!(1G@#/$Q#,3`'*"3#+3##
M+X!F,H`"X^K".^A;<;Q+*94#"P#!"K`"D1C!''SE="D!!U1""A1!!W2!#81"
M!1P"`D4;A92`"/"6_PGP@1Y<`/M4@"+HP11@0)%DP!90@0G(*,?0*`H\`Q74
M%QQ.T%`VR(7B0`EL@!.IE:VJ0QYMPS<0+3U@`2!`!"L@P-AF+R9\XCIT%40X
M`RE"A#J,`FW00PV<`C),#U>\+59DA#:<@SO@@BX40R\``S%$`S(\0SS``S;\
MD!3XP!Q8P"340B?<!K*L0R;L@C80QR]0`W&40UT(AC20HF`XPT2DG=1";=2V
MY47,@Y2<0^]D;R9,CUB0Q"ZP@ZZHPA6,`2G$P@B0`B/\`1GX`3>$03*X0`F<
MP"G(0@NTP0NTP2ZX5P5\`2Y,P0?<92/<0A.LP"-,@S4@PR88@]0\EC7,0_\T
MR(DS!`.`P>=AF!\N)%EF<?&FY&=&6$/>=,,.7$`)1(,II$`0D`'$T!H.?``A
M8)`'R$$-N$(/K$$)1)`V*0$$]0`&(`($=0`PF(`+U``9K$&L/!N%U('3Y,!Z
M]4<.*($*I,(-=`"0<'+S%F]_`($'>`$!TA!$$,,[6,0\D*(X2,.5Q`$+%(&4
M6(,ZBN,X7$*@*</7`F0,0H0TD$`7\$)CPK$R',,Q#(,Z'"%&.&(<R$$:0$(G
M9,&:'=@O>,I%4..F6D/2AIP[M";.\83R#6HWDO`Q700T/+`O8$TM[()%D`,S
M((;/E1`@P((.*,;2.<(6+,$M%`$*<,`:@((D<(#_"MP!*/P+"=A!+X3`!7Q`
M%'""(N@+!M!`-BM#X7`$.3S#)NQ".Q3:5I`D7VS#.B!#V>6"73@M+]$#'RB`
M(;0!"&1")$Q!N3(,_L"*$FQ`&B1!*.1`'AC(R)C,"+A`1/<`)7RE!83"*A@"
M'21!"`@EP^2`"(C`(F1`""!()[O:%>P!<G$ER6#H@FPR@Z3`6<PFEWV#)0#@
M+E16.>!"(V"`!YS"I)##*VF$\@1:.9RO8`C#)TC-.,3`+C0PUKBI,O0"*+A6
M,(R#.$39G$*#-8C#.*2#+UAP+0R##KC`+*CO-3R#)<P11.2",U[$+LRS8/""
M)Q0.+MA"=GQ#2U?*"*\S_Z7@WRKQ25V44"?`TC;@M39X@H=40SN0PB-P0S:P
M@A.@PP!<`A?0RQ;<P@<PP@=H`3"L0`:L`"-<PK]T0!C\PAM@4PK8`"^PP@J@
M&UL()#3,`XV`VCP(PR\DPWO#=S*\E#.40SMP,;5D@S&H)6V3Y#JD`1^D0`9(
M@2,D'(5H0`:L@1?(H1CH`"IPP!L,`'TU2!K::!QX0!AP00B``+A6@`<LS%B;
M3!J&@`Y\@0AL=2>[@`=@`"%L0!2HJ+E2M0?06,AYHRA6K9FM@T4,PRM@P`NL
MPB]L53I@@G]%%IKA*?+0`S8H)#W@@@+<!GD:PR<6&#:P`S)$@RV475C<`BID
M;/\T",,[])DWD(`80$0ZK-8?A<C@LI!/1")).(-)M0BCXASUTJ9LS[:!\<DY
M(,8SY(@P#)\P_.8T;"HZ;$TI=0(\J-!!AX`)(`$N<``*I,`I+$,;!((3/,(I
MO%,%W$$G[,`&B(`)1,(OB`(4;(`1',(\,(,[T(C,V@(H],(T2$,Z7,,W=!HG
MFL,ZP(,RZ,(M0%HPS&\)M;$T*U+AD`$+Y$`'``(]<64'X$$1N,!R70`:L((=
ME`,H=,`3,H@&8$`ID`$M,`+[7,`=^`#C"6R&[C'!UL"RZ5.`*($&7,`<'$&`
MAO4IDS55F\!JV(@WYHTMO$@[-(GIX((2&$$WH$,FD-S_"0;:-VQ"CF1#,E04
M1"B#)71#(<@`.I:4,]]W;2V!#+@"YM*#)H1",V1",8B*15P#,R0#+`E&//S*
M1=R"7*`B,(A1+=S"2!NJG=]Y2:XE-I1S-AR#78A#DS@DUU+P,NA.FI'*.,3"
M!\@7-!"!!G@`9YBE`5@"+;@!+7A!':C"@WW`#6S"'XP`&,0`"LC!)X`!9#;#
M.GS#,`##+92#E&/*-Z@#+KD]1&5927K;6M)#'<B`")C!%FS`>[D`!U3!(6S`
M__S!-30/DYO`A&R>&(23=U!,%"A"!O#'?&F3>P6,=&'A"Y!!#VB,=&WX!=PA
M$2",0&6[!F134=(/PP#!507[_[ODS3=T@CR0!"\L)WI&`]=5`SDD'TG``_FR
M134<`X=-C2V(X$7X`C-$`Q:0PD68`S)@UB\$@]IOA2:P0`9HWT5XPSG@`KLT
MPR=AA#DP0R:X50GEV$70Q1&E!BAX4#@L`T=#E`BK<\YG"A@)QC,,WX`5YQ_E
M7)D#A"=Z]*[UVI5BPZ8V*4K\F.:B1`M!JDBL:%2*40<0%K#T4M-"B:L]L11E
M")0C@9-7KWAI&_ARX#5YY-B54R;-W3AL+F$.7.>LTS1S+ZOU-`K36C5O]!K%
M*-$'Q888.WJDB$0#CKJ7V^AML]9#A@@/%A`1`>$"Q`@10LI@`*)A1Y$/-XI<
MP)'#@_\&'%.D89%$H@0*'"5RC``BXD6(,BA<*!&A!,@(%Y%QC,B10\,'.0._
M<3WZ&33,HNV.<?M&[YFO@>(ZK1L8#-0W:_3&=8)'KZBN94OI.5+4AQ4]EW&V
M>$(TK*<V<KAZ`5MV:U>N7/,,T8G3A8^S9*!L]4(FCAM,;NF8V1XX.]>F6O1F
ML^,TKRL]8[>L<877Z1J];^>2%@UMM)HS<//OOP(-/)"]7++91AQ;OJFF&V!.
M"X>:@;`Y9JEJ;)&G*&;"$48!0.I(80<1=*E!A!7J.,6"$'KPA8P/=EAA$&B>
M0**,24SIY)`!UGBBBF-D>>("WL)CYQ=0@*%F%V-X4:86:7#_<8886YX3AAS>
MN+(&F5VR0?`E:QX,[Y$(^/B@#V$&ZD0.30;2AJMJJIEMER[F:&..0BJH+`<<
M+C##C1(J`^&#-![9Y(L78)"D%$!.2@0/)*[0`H/"1K@`B%&2P2,M#'H0`84.
M=@`!A\IVF,R$6[HB$,S0JMF&*V&*H2>\98+!#9Q.NIFM%E!X`B>3=UX:)Q9V
MZ,%F!BP^,9:>"U"XP`U@;A'F2P#!:0>>6-!!IY!;9!$''7-.,^H<H'I)!Z9T
M,-F%P&<DG).>7F8MZIU,AM)06'C!#'#`5OWU=S:NH$%FH%V,W889K>@IQIV!
M:G%F('=4I<8)4#;0H`).XJB@`SD\_S%!`Q-<D<4&$2QXA)@IPK@AB4TFH8(2
M&=JX11$H,,C@`FZPF0::1RQ11S;07K6F&VFBL2698,(;R!O_6/TO*=G"NR29
MH<[;:C9KM.;*LY<8J:&$$4H5`0TRG,*`A2)4L6"#2C(990P20L7AA4>B`061
M7DQ888,=1ND#A!_:0`2.#C80(A$C7"AUA!%V,$&(@>;L^E^C9GN)&>2ZVF2<
M@<CI1)R!PK'DG(&X`<68+;FAYAAZR*F`A4:>F<>-&49@`95MA@&%&EW:61JF
M6D008PLM/.`E/IC$@:<73XAYA[>!QL'D%FQ>:D<3-2T$91K<Z%'&$]Z*:8:]
MHI[^CU\Y*_]?'^KZZ#''DR^Q2<8K=G;!;9Q;BA(G$VZT.?TTQM`$%3+P`42P
MX@0X"`(N7'"!%[S"$7RH`0EBL0<[U&``=+!%$SJ@A#T@PA)<8(,)3(`!-Q"C
M%^M(1`!4P1[+A68=OCA&-%R#FZ1<[D#JVP9/N%&4'N(F:%ISH5=^Z#YO$($P
MI0K!,121`SI4(ADV0$$.,."8#.3`!84!@0,Y8`$HD*,8X>@%+/"P@A*$@`-7
MN$,@YK`"/)2`5)8R03G*AT/V(64VKZ)'T@9BCDRT0WKX&<@Y,'&;\$`#&*5S
MR3A004<S"``4[?B%)'*`@$J\Y!SV`\8QG!$,=&!#$AG@@-RP\(3_;7`C&]B8
M!S)8=PM=P&-+YYD'*(AA/0LQ@QKY"0\N@($.[SFC=5JCAC'T4[Y6I>]\=U0F
M)C7GBUP,Q!;8F`TQR%&P=\SF&>RH!15,D86;>0$8'0!"!X9!A0T$P17+\`(H
M0G`*0\A($JFX!!`\8((?"",++'`!%TS!AUL,8QW<T,0*!L"(:HRC',T@!C6H
MD8QE;)(:SS!&/+K1$VZ$XQBVJ*A7QN4O.:GO7[,!AY]<(`(<G,4*OCA%&A:A
MN,9I0&PQ99P2)F,!6<`@5#.PQ<7N<@$-N&`#6$!"8T:@@1*H8!DN7&9HPF..
M951S&]CP1.FX(0_.]3$3R)N-.CI!L*`U_X,:SIA!`>C(CE.H(AD`ZH8Z<F&,
M/\PB%IW`A"TP\8E>++07QJ@%.L+3M6J@XQF7V$7HWJ0+2U23,\EXACG,1PSR
MU6<9R"N*:X"70P&!=*F9[<HIO7&,T[SC?M881R\&D@Y0U$<>$/O"#SZQ@AU@
MX!=&P($*1E&&#;Q@%:8(0A)NX`Q#P,`#1W!%*BY0@@],XAA<$$0?RJ`(71`B
M"CO`@0AD4`1"D*(3T%!&.,!ACO]U1AOK((<[AG&+8_P"/C"993.R(43-(LA_
M]$C#$9S`A"'DH`,)6,,08-`%*NBE5`$6,`[@\CA%!$$#.5#!)GH@*`*GQ0-Y
M*`):BO"L65TCF?_OC<\Z.@&.@8##$ITC6B?B83IF$"-.VVA.Z(J2#5]<X@HD
M<),M-$")9?0"'ODA"CWB0`(39`!4DL!!H207II>D8QJ@V(72+I<-9WC"&#@,
MQR;*<3D./_-]GA!6>(R!"^_MZ[(9UK"_/",-7;"'&?(8"#/0M3#$-F,42]A!
M-&I@`18<8@\;T`PJ/K"!(W0"$2OX`"%B$08KI`$4?@`9!D3!BA!XH`,]8(4I
MY.("$WC@#9?81!Y*X(@"-9D<SK`$-&PYD&&@BW+[^FCE3J.(*+SA#XC@A17V
M8`A4``$$>["+V`8<8,.$``<=B`,60!"R2DBA!#O0P%LT$((N#*$$2GC_P1-*
MW`T]CEDT[D-')M8QFW-L`I#"N85J9A.,/U[/$M/@QN6J$5<ZC,`5[(B!*]81
MC6788AK8<P,@1#`#)XAA!W90P@HNT(+@G(<;Z.#%,#81#65L@QHEIL<YDA2,
MK$W\&,RH%CUXH0D/TT,>GJ@F-JGQ(#L:")G85N;6>C$4=#!#:^A0%6U^P1YU
M3,,',UB#(-Y`"#T@`PDF<($Q4``"$40C#U=001PLD8(B8"`1@L``"E!P"CP4
M=P-@(,87/E`"#X3`#I[P`P%7("!Z^%(;[7B'.Z11#N[J&";?8`<U>@'(/'JE
M<EISKT?I8040K('KG=C"$*#PA!!HP!#`YG6O_RM3J@^XP1$K6/8*8B$%$`!A
M<6+S@!QN8&DQ?&DI25&YD2^7CM9L+QP#V<8NHO$2=`!#<T7Q128D3@]4L"`2
MFBA$:%_2#9NL@A.T2(4?/L$(8,0!#&UH0Q6ZP+->9,(5I9!&*][P$CM$(1W+
M((8[<,B-8BQ#Q+2BQJP&4@Y/^'(VQ8!843IJV7Z-GGU<,4=XG"$L>CB#6=%(
MO374#[)DX``%..`2]J`+RL`5PN`#4H`6WL`&Y*`(?D$#1``#&D$6.@`#0.`2
M[*`#-((1+`$$`B,#NL`6#H$(4D`LE&`;BD$3.H$:0B$7T.$=E$$9=$$[;"%S
MQB%.NJ(=;($8AL(:O/_AY.`/)H!P%V:A%+)(!)R`%E(@!'(`!.Q`4!:OUQP'
M`\!@$51@!PPC!IP!"M*B,D9`"5(@#FX`!3*`JH)0"+V''!*)/;+!$Y"'*W@!
M&`AK&[3#>HJB&W:!C^BA`C(@!,+@#SK!&,B!)P8B"2J@!MS@"NA`#@;!$0BA
MUG+A6HRA#>#$%RY@"K[$'-ZA$TYA%W;%A5PL$V[E<N*!$R3.&A2*)[0!WVCE
MAL3L*%(N#0$F/JI!'):!*[IA&;Q-?T!.&+R``PZA$3B@`\[@$;Q``^!@&I;@
M!<2@$A*P$7K!!Z*B#3AA`T!@`SA!$C@`+3X!$5)@!%)`"C1A%:(``SQ@`US_
M8`Z.H1?68`GR(!E>8`?$H!'<QW2P01I^`1B>P37@A1TR01B*`@W3\$OH@`4P
M`"VJ,!$^H`A"``0,03"DL-="0`1>@0,B0P-0H`ELP01P(`M+!01`H`N"0`4^
M@3U2;1:O)N30I3Z>X7Z*0AVT+#[&01.F02#I`1R@81/<`1IFH`0ZX`2,81RB
MX19LP1@`"0\*X`->P`0^X`,JP"D_X`1L`9H:YL-"C1E`(1@8X1F`AQO801=R
M@6MP$H7&Y1PZ07/H01<)9C:F83V.*<Q2LE5NJ/Q4@QZ&01H&PAAN)5[$81!6
M8!GPH@1`@0X>P06`@0?\(`^<`1$P0`8\(0\L0`1X_\`6@.`","`4`N$<H^`8
MN@`<.6`-;D$'/@`%*L400($1;"#&*L`&B&`#<H`*<L`*:@'B>`&'K(%"@$'-
M3,<7@,%JY!(F5,&U+(.*`H$-&*,$:L`*-H#Q!&P$>D`%4&$'+*`#/``&$&$.
M+L`%>&T$C(X-1""M3NER1"\E;Q(<=O(ED"$9*JH:OJ$8>I!6Z`$7M"QKJN$:
MAJ$8_*`)/&`&..%-P$$:F@&7($$1`N$-PD`'?@`*I*`&.@`0S"$=U($<IF$7
M-J$8<B$<=`P>PN,;XJ$89J$)!@%6Q"49CD%AZ$$80&$WZ2$>(LF%H*$8S`?,
MW@\X#V3=M"8;VDM#S.$';_]!?EKG+B4A!2"A$BSA"C9`"Q3A`U2@$`;!03EA
M%E+@I(Y!"#Z``P!!$2ZM!XY!##P`&U<A%:;K`CQ@#:B!#WJ``TS@!8P@#!*A
M$C@A%E*!%1X!%E"A%%2A$HJA%TR!*L_N%IBAHF;C'8!AXX#S&X;@\+"H<4I`
M$U!``S!`"VS`"YL3)#W`$=Y@$2*A$`+!%DB!`RZ@,+)(+K`@$TR'//<N#>L#
M[[P!%+2''M+!$ZR2'NY#&5SH&W;A&+#L<N;`%#*A#HS@#0C$/W3!!]9@#Q1A
M%4)!^#!!&:#!&'[!#2)A%&J`#3!!<@@+'G:!]CBA`C:``BRA&I[!10?B]8:A
M:XS_@1IL21MN@7Q@!2YIM$;WA2O(X1GJ<B"FP1W4H5=%X!!$@,$P8`-V80@Z
M(`IZ005F``SBP09*8`52P0H^``/8@!,PH`2`H!/2X&90X!(6@313P`F8"`@2
M,`3FX!0V`1#`X`EV``4H,@,\X.N@@`L&P10>80L"@3?"81FB;#;:@;#BU0>T
MLZ@XX%DL800P@`G>P`,L0R*=<P<^X!,HX124H`9NH`?B(![@@$1ZP#(XP`J$
M(UY[HBC&06&VX1EJKH]NP1EX8AN:`13"[QITX1A\85S6H`!LP`U"@17"01W@
M[GU"`&`-QW!@P!!>8ATX@`-D0%7BA!$,P1>6X1GDX1LJ_VH8<H`'6.%Y#+$*
MW&$:?*DKP(%[:.48VL$3;D4;K&'=9A2SOM9`9B,\=D%8K,$6UF$;ON$8M,$,
M&H$6M,`(T$`53+`,!$%N2H$-KH`23$$0/.`"KL`22/,&>D$)",42XJ!%7``3
MLF`%AFP0@`$).L`$1(`/,J$4F$`L1$`$-J`#/L`$+!!@7?8"-H`''"$65(&.
M<$,8EJ$SOBQ>.T'RT.(4:N`,8B$%>D`2*D6F*#4#%`$'0@!X3\JX+H`86($T
M,<\$D`,E:[0:7$(7&H8KE`$4OF0VA`$8T"4\P($9F*'4LD$9,L$8?$GI7*`#
M<N`+*J$7EH$9D`$>L,$'."`#3/]@`S8@!5K`TP;B%UY`"H``%KHA&GXA$W1A
M'MHL/K>A'9`!%"0.'?8@"S8!#2[!&^;/'7K):Z4A$Q3&&>`A=0M$%E5W=?5.
M&J[!&K`!YE@4&NB!&O!@"YI`!2[A"+33%GK`!7H@&AA!#8I@&EY@!#;@&:A`
M!#[`$[@``RQ`$1+!`G;``S`A#KIN`TJ!%4I@A\/@&!8A"#B@!$2@A&S@#2BA
M#DJA%/P@$M:@"7:``S;`;T>@#3XA%W1L'#(!76!Q]):B`E$@$YJ@#?Y@"%#`
M!K3`(3UR:7TM!!2!#>Z`$CA`V0AL1A2A#C:@!QSY)-'85.OC&&HU;"]!5L^!
MD[Z$*W#_-H5>0AO@(1FB01JF@#I%(`6,0#_0(:&<H1<X017\H!'V0!0*`1:B
M0?U((12F(1,(@1C"81WF)&N<^0N&P1.0810,X`36`Q1281!<X`,L(`,R@1-,
MH<B<@1IX`QPPX1RBQ_W*6)N%1O0^V,NL@1BT`A=*P02=8!,@U@U$P0);@19^
M(`8$X3A-`!`FP06X%A8JP`/(8!3RP@2T$0-"P`5B@1!2(`-00!9&(0@Z0`0R
M(`/,0!0P@18:P0K.0`C40`SH@!)6X1,N(0^BX-)"(`0"@1B,DQZR`13F%U73
M,+ZT(`:``0=Z^`-_`&/?(ID%[`/`X`\VH`V*KD^`H%1.8!6,_X`$G&`V@D:;
MR1-A6F].M($8G($WN.06O,P_W($:;`&Q^B@8;N$5"L$+(*<GFDP=S*$;JL`0
MT&$<=.(6S*`W"D`K<.@:V"$6DL$9HN%RE``2$.$7X@!-->`U8<$3?L`";F`8
MO"$3<N%RV,$3I$E?3EJ74]HHUHT:7*.S#ND12(`$("$-S'<3IN`#AJ#X,D`)
M@,&ME2`97,`#>H`:MA,'BB$*1,!!^Z#K0D`;S]<(B&$2.,!O0:`,-$$5T(">
M.J!E+^`"<,8#_#`)[L`24F$*.B`$.F`,1L$'J'(;@.%U:W1II($,_(`'8*II
MK8`)4.`M&J\Y+<,(L``%),$#E,U2&O_G!D(!"#3GKK69*W`!%,2!=7/!$]++
M%F6()7%#'O1108C"!]Y`%3J!%I0!'L0AF:Q!&MJ/'J0`'*AA!^C!&\#!'9KA
M%I;!%]JA_=1A$YH!&EZ@`$P`P@DA&22A#G2X`NX`&$X)-W0A&5QBARK+C..2
MNQ'D&[RA%T[#?MBC%[RA&'9`$W;@`GX@$U[@`A!!$A)A!@#!"KBW#_+`*06!
M##:``TYA"SY`!-R`%D`@!%`@%`XA3<>`&9#@`S2@&(\A$I[@TC#@?%$@"FR@
M!J!@!#S@9LXQ`]`@$T1AV%&`"$CA$KI"NJ$*.->-*]KA!5+`!4(@!<A`#40`
M!)P0QIO3!8S_X!;^H`="@+%A_%&%"S?"8R"_MAK6[3ZLLHUOH1B^I"C`H1B`
M(=Q&&(2C`7H(0I1-``_&H1E*E$F&X1W:X;7%P1O$H1O,X1K``1S8`!BF(1`X
MH1?RBATJ"B;DH7%3*"G:P1B^@`U`(?&(^P2\X!@"P01F02V9@7QPPRO>/18)
MO=!1SAK8F!YVH9K.@1G(=0\L``42(0XR8`.880H>]AF*"PB(8:JIX!8V(`.^
M@!8N9@>``0J0OA$>`1W1X!C,"05V8!5HP0@ZH`0V``748`\JX1(J019<@11B
M@1-:H0SD@K]%(#3%@#0[X!+6@T&XK48OARL((0\*X1'!X`.4X*0&_UO`0*`'
MBN$$-(!49(HX5Z`&\%VI"OU5PB,;>N$97*(]0.'A7@(<HL$3V.$VX<$8DH%A
MT@$(!``67D)GU.$=<`$:!#09F.$8J*$H=\$6+H$=<L(/"E4XVJ$9@.$7:B%H
M'D0;:F$8>L'6K9D5!*$2?@`%+&`,L`$8R&$;-`03&L;F`03G<SXTM&9.7@48
MED(9`I+CF&$%1"`3HJ`#JF`6@H`.SD`4+.`ZG[D#A!<@7J0`=D1$"EE9.F0`
M\RE$!S7`J(BX0`43GPX@,&C(XTF6G!\:0HA`0;(('$*@5NG`<,$#E4V$3@2B
M9RL8/6OSXM';R;.GSY]`@_ZT=M,:-WK.9/^0R/`!@XD1&D;L&`$5A]6K5D%H
M6$5B*H@1.,""U5!"4-&;0M.J79O6FENBVVHM@X>V6K-;Y7IV<V9KFKB=1*VE
MXQ7-DYY>:MWRA*O-9[5L\)KU.O8K7#:?F#C9JM78!@P@B*BYP8`B11!3I+[1
MHS4'4!YHBMGNK':&7K5JLG/KW@WT'+&=Q=K1XV:+WA@HEU)P>*7&R*%*48+0
M`:4$A1),5/@H$O2AA)!*(2XH\?1D0Y%D1SQ<F,+,RP80)KHD0T3%0X8*'%"(
M"%'BPP;_()AAR2P]>(""!Y#`@ELUH`A7S5&\12A4/*0\TDHBA?RQ2`D:X``"
M$#N$A9558&4PRF?_5.60@U@YN-!!(Q+&&*$UC=&#32^_F$//-O1T4XPM[A"U
MTS6\V%),.*KU)(Y=HHPRC#3L@,/-9=H(V=,WWI@#3CBYZ%(,,[=`4PXXN,5F
M#C+)@$+.-D;1$X85FY`R!P<97&`'-5C`0`D]\V02C#K6X*8;;;8)*N.A,JZC
MDS;+-'9.<9YH,4D'&A#SGA"]V'$%,XRP\$(>GW!A0C-&C(#!*%Z((`(D>6S@
MP2AO;.`"%,74<,$&.%0B"Q$7?-`!%'R8<DHLH]`2RB)GY&!!"2EL00P8*:"@
M@2_#W+2.)W\A>JA@/U#Q1!'@^F%5"!Y\D%^'(TJUPBE*A+##5"N2B(,)_VUH
M:V]:YR`#6#R@*+/34>#PQ4Z9.Z43#37$O%/C3K0\D,('A5A21R&JT"*,+<?<
MDLS&R1!#3"_%3,/+/.!X8VA@X,0#IC#F7+;3.LH0,X@+8A@"0QBQ&&(?":U<
M?%2@W%C)%J&WW6LT6[&A\\M-P>A"CS:9)/$!%ZIDD$(>=G@@PR>LE.&&,T.L
MX,4G*HC`!2T=B-`$)R68,(@?ZNV03!,77&`$*'%T$$(%8KC""1_-]=`#$%*P
ML8HF=6AP00<XP-3"-/00P\M.N%1[-&^XO0*#"QV:P`86&XC@AR".T#&5O&&U
M>,$R'."0@P;QINC!&Y=?;LTVTB1SSD[>^)+)._^`T0,.-)D(XTU/VL!C###4
M3`-/8\FP(L0.%L3P@JNNX,;-]MQ\PTTUL?5D33;7L`/-+<P(8XSV-Z&S"S/2
M;&(!I:_,T@H6<C1A@AO'K/DR.K895&V*5KL"]N0V1.&%,';R"W0011,9X,`C
MMM`!#W`B/2#`Q!RJ(`54X*<.M"B"#$8A!!%XX!1BP``4,E&$$FQ`%FO@@`B,
M0`TX?``%(SB%+(20`1%L``4;V,`%,N`!$RAA#;?80@IRT($_;&)'W$C&/(93
M)1X9<"W;.(H.0D`5#13A$2;P@B%0`(5'#.$K8@$+#C1@`CGH(`,]<`$0<.""
M%@$!`VD(WA5E%"AZP,/_$\*`T#6><8MP],0;R@#%+L)A1<#(0QG-L$4OD*&.
MDJ'C$T+H0`HL@()4N",MW^@&/'A!C8SIPC)$J=$UA)&,:$PQ$$N(PQ-@L8PE
MC`$;]/!&+!8A!#;1(QW%D$<?<T,T0^VQ=H':QC#248UM).-X\H@&%$YU`\YY
M0B1,",4,"H$(+70@![<(01^VP`FK.0$53*E#&3S0@3B8XCT]Z$05FK($O"GD
M`AP@@AK:T(4O.$$$1,P`"$*Q"A-8(`RUF!P]U)&,;S3SF&LI&BL89Y4,C&$5
MC@A).VO`.=B!90<:(,(/(%&&%,@1+$HH05@N,(="031&0MK&-(!1"YZX;QGN
M_V@D/<81#5M$HQU)6LPZW`')7_S"%].HQ"14P8<YL$$:[PB&.VHAC&9$@QBV
M6`8SC"$/<JSC)]DH1R]`@0QQ)$D:TU`&,,Y0B`-`(1MHZH8>`B`&;!C#"IHX
M"S$':,R7VLLH;LF&:L3Q&WH@`QZOX$`RNK.$5WP@!8O(0@PBIH0-T`$0'.B`
MA2;1AE>DX05/V(0&.+<,*O2'%5E@B0Z8X0,.@,`#=#C%*&!QB$/\01:;B,03
M7,N!2+QB!->@R3AV8HQ<H,6O0:E&8S+1@1$`H44A("((=B""/!#A*[#S:`=*
MP04;[($01""!!T8`@B*`P`4E>()>D:L;'A4-&\7H!?\`=]*-7]@"%\=3C#?>
ML0M,]"(>UQ#:3K;Q#7&H0Q[@($<\PA$/80Q#&,+(13SFD0YU>(\>XHC#%::X
M(WGD`F/3:(>5<`(R9A+B%YS``S5XL0T"WP`,J/C&%TQ!CZ#*IICL-1J;@J8:
M=SQC)\Z8QS>0,(L*>.`0K3*!)JB0`E:,H@06$`4:R/4)(G"`!YTXA!`&,8AR
M.:(137G#*WX8A%T\(0,F<,(E6#$%%WC``QB(,Q#B`(Q"5``'*=C#Y+:!#EL$
MZANX[&N.J4B/+9C`=:[S"DA%L`AI:<"C.0"!"%2A`H?48!"P>$,2-*`5.MY`
MCX.6S??`MY-V4*,7PMF).'3_8:3A7HD<OL!J-')QCF\(3=!JP<4-"K$.<."B
M%[;8Q3#.H5-QU,(3T'`@6N`!#63H"#?@*$8C4O"&<61CU`)T::@1Q2.B'$\9
MO,`--8+K"S:8P`2D8`(*,$"-#*S`%7CX(3!ZD($G6,*';GC$"?#`"=-JH!-*
M<,$(,'$#$92@$V8(XA:`X0631F6Z0#@O!CR@"$R$(#S18,=.?.&O?VV[)P2F
M!QLVD*(1K"CB.\B`(8H@\$>_K@108(0)7-"#$%C`#G"`!!?5N`%6#$?`/R'U
MH-_RH)Z8FABISN4\P,0+</S$'(,IQBVH$0U>O`,=V##'-[:!ZVUH0TOLJ,4J
M,#&-_V(\0QKGT(8QS1$/8MQ"&G_Q=C".H8O&\&B0MS"'+L;@@E:F0Z=#X^O'
M_TJ47,S#+<G@D3OXL`(6)",$.`AM!3HPBS9LX`FQ^*$6_E`N*9M@#J[8``?<
M`(D-=$`2?3#!!PSQ!PYX``W'B$('VD5>L5QE!"F0@R=,,`5Z'.-XYEB&C0<_
M8'KT`@,@$)'M01`"-O#P`B*8R@X\<(4NB$`#`1\!%:[P"`O04>`I&,$GA^D3
MHR"0^/0(1SH"0X]VV#<>C>Q&,'X!#%R`HT:"4NXUU%$.]>V"&-00@+8P@`.(
M/L3`#,S@#+B`#..P#E4":MC@#M#0"\.0=#UB#+9@##H2#?]/XPNVH`R^1`]S
M1Q<0LE?:AGXQ@D#:<#S94!S&ATB=91]5``OGQ@HZ8`)?``OF\@AHT$.6$`4?
M8`610`11,`M7<`$N$`M&@`)$T`D@@`)/D`P%L@/)IT98(14CL`*'@`==0`_"
MH%#0H",H6"AN44VUASH@0`2)``B&<`,U-P(F0`@W,%U@P0%\@`-X<`,W(`4>
M(`6%,`BWL"."%BC-%#[;=CN$Y&H[@0W00'>*B&&U\`NW<';JL#!#H5S:<`W7
M8`Z<*`[>,&K@(V#5L`[EX`N@8`K0H`1?!1CN8%_2<#STL`XW$$F\`(N_E`S3
M$%RAF&T$-(8S0FI$`0[,L!.VT`W_-48-54`#DZ`'*+`"RQ`%&R`)DL`4H?`#
M+G`#H5`"':`*A-`%D]`)(Q`"/D`+)I`!<8`'&+`<:4`ITQ5I'B)P8=%%.\`!
ML[`TVN`)JN%0OMAMUL`#(D`55E@"0!`2($`"DQ`(DR`"7F`';I!/4G$!46`(
M">`*CT`(B^`'?``%,N`*3R-H!-2+A[@3Z'"`Y!`\WQ`/NW`,964HWY`.N'`P
MO6`,M3`.W@!X-Y8-I&@,NV`+OR`,[B!*]/`#&[`)V^`.P``-XQ!4VZ`,@A`-
MP;6(/:4.._$-@K4;..:+$E(FN#$.2V,-R\!UZ_`;O?`*4U``6@`-&8`!?B`&
M^Z$)*3<&_ZV``3A`"QKP`4.0"0YA!WP`9Z$P!1NP!)D7<0!9`A[P+CV4:'6$
M`CS`#D3A#(8$DL1W.SM%%K<G(B&@(B&``8N@`4R0!6'@`@('`DJ`?2!@"",@
M"22P;B5P`1I@`9\P&R!G&]S`#($"=#D6/DI##+F0)(&"#:QT"\)P#D*S#>#@
M#H2A,=3P#+HP#,A0"Q,&#]`)G?,0#%7U#+W@,;\P#>P@#R:S$[>0!E4`!XU`
M"GB`!'1P7.O0#-`P""@PC#4V#,=0#H(2#J"0#L=U8X*'E7ST2\XP',>`&_-@
M##L1#)CP!75@"1=@`:3@`W#$"2Z0`5J`"!@0!9_@0F<0"VE0`?^P``<>4`2Q
M4`(8<`>3@"M:D0,H``1_T`G'P`I+.%HY``0N$`+)X!:U4"VX]G':H!JL4`$@
MH")J9'MUE`&SP'P9`'EK%!8ED`-$0`E%(`FX$A8:0#UY57Y%1P\X\`??XXN"
ML@[38`O/L(H\@0W*P`S)``T_68*`\0W[QV#24#FZT`S&$*?&@`NY\`[S@`[=
M$#0CEDN\\`:*4`EU0`=1@`$M``VV,0_7.0_SX`$6P`[;P`O'@`L0<B/%\!="
MAY\GJ)\2<CL`]`W+L!/N`#GT\`OD,P.VX$*DD`0B``6AT!++:`(\8`H&$0>'
MP`<<4`DUD`$Z(`M$5`D\``(JY5P8D`K_NN`)`T@-G.9<*)`#(@`,`$0.-66(
MQ(<;UV`#*&`5Z)(Z([`!6A`(>G`%'H"M4`&04'$!B4`"AD!'R0<[%?!$`M9B
M]+`+,$`$UV"+Z#=,#Q(,6%4++C,;WD`.NM`+S)"=[(`-02,CU9`EZ'`QSU`(
MD^`#.'!#'<`"95`-OK`,S1`.N&$+##`$X4"!-:(-S0`,.@&9@9>IFLH;DLD-
MC+(3Y:!0RV`.U9`$E:`')*`)0R`"4N`*&;`!CD`&)B`%@H`"08`'J.`$*%`)
M18`"5]`*'B`"E4`$)[4#*.`#NF`)R[`)1QD'*;`#+D!=&P`-&L<-UW!^OL@-
M/<@BRA<6**`%_[QR`50H(CT*`A^0`5%0!9Q0`"*0"!ZP(K!C`ID00#QQ?GI@
M`5"@C[ZH#LBP,-8`#L(`"KU0#NL@-#0R#LK@"[=P"[T0#;H@#?$`#^K0#>*@
MB>:PB9H(#NDP5;S0#,0@&7VP!CHA#`.``2+@*R*P!(.`@,'P;+B!"HY@"7F@
M$SNB#,?`"ZKA%MMCE?F9LBK;2-?PJ?0@#<9%#\#0&&L`"FWP`BRDF+/P`1[0
M!W/@`H;`"8;`!K*`"A^0`Z.``RA0!7[``2/P"9&V(B.``E\`#<#@":``N8;`
MF@)G`:50#M)`B+OHB[7``75$%2'RH^$8!T$P`ISS%>ZH%8X@"(?@!O^+H`HC
MD`=4<)E?FP*?RB:*T4?+@`$0/%]CZ!;"``P5J$?J8`P:,PPT"70%U@Y3-0S-
M\`S,$(!3%X"G5@S08`S"$`SMD`WL0`4F<`*YL`Y]0`,4L0600`N0\$3']0WD
M8`R:T`8:``-4P`WE``P:&*;,,$4WFES+R[PQ8@[',*`#3`^=T!B;T`E)H`*6
M``4H8`.TD):&8`5KD(,>0`*#L`D>X`*AT`,7,`:J8!^H8`0A\&@X$`)4T`N>
MX`G`D`G3,`8"=4>T0`_R(`_#P;SN0%%I=!4=D@%=``4MUP/)]SHH(`1EP!(=
ML`%2X`A)\`:/%B(KH"^W<QNJ40T<&HXE()7_OMA'V1`,FBL-:&H-YB`-;E<,
M/@D.-AETC71K.W$.@3"['W`#4#`'=4`LBA`&2N`!*["*XC`,P/`,YA`&*D`I
M6E`,NK`[N*$-75H+!8RI)HO&NV$-M<`CX6`YO;`[[0`(E*`"J&`#'1`$E2`"
M+U`&H8`#5.`*(H`!65`).@`#KZ"J1A`*(;`!IG"$L#-='R`)DM$+T/`(@QPB
M&Y#/NYQCM2`"+B`B(U)'%U`&19!=)3":$3<$HP`(JZD!(F`&9H`#ZP0$V^H$
M/)%%JB$/6I"^.(`!9:"IW&!%UM`.OM!*\5`C5O0-\A`/T$`-P59<Z8`-UQ#5
MLK$-EY$'3&`'@E`)_Z'P"I&`!D:@C2@`HC*0!^G@"\R0"W]A#KB"")R0",`S
M&\$`"I)Z$P=K@O>,S[G!(T<Q#OU)#\\`0+#P"CN0!HD@!F*@`ZBP`6'@!WL`
M`SW`"2"P$'AP!VQ@"6/0MYQ0(%U0"!\PFM/U6ES0!X_P!AX``A=@`A5@!K;1
M1V4,&,K5)LBU!R:`1E=H<I*F!5&PKFLT?1O@"B,0!91`!U"0`HF``X6P:59!
M`M0@FSL"#EG`1%[+OC:!IL<D)+9Y%@\UE>G0#-10#+4@#@)&(^`P#[Q@#+V0
M#`CS"]'@#-#0#+K@"P)N#&_Z#,4@&;&P"H4@"7!@!.Q+)VD9KDW`!ZC`"O]I
M<`:VR`SCRP<W0`.&>I+G'%Q$H:>\^-N*K18B3`_GL#3T$`W#-0+`\`%A\`F*
M0`5PD`F4\`1FH`E,D`*TD`09X`2R<`$XP`>A`$2M@`8>T`/'`'E?40)14`(.
M00(LP#A"P`<_!ABVB=Y]I':A*-6#V]MACB@_$`(\T`-S#:R<8W(C4`)E@`85
M-%X[@`%A4`IBX`$E4`(C101;<0<H``*;Q`AU@1MW<`(E`%)`$`)'<!,FKBVD
M)BBXE%R!P0VX\(C?T`X70PRZP`XR&Q0TD@WB``[C0`[NP`[N<.KND`[M@`W=
M$`KI@`(M4;=Q5K=%H`.2``NQ@!`\@`$;<`)`D`[_Z3`-@N`&T>4!*I`*[9"!
MQL@[T#!%T2P45WGB,M(-T*L,84<`L2`%,Q"A*;`"I.`$'3`$IR`$7B`(8O`!
M+O`)1;`!2=`+(E`!7E!D(1`(@%`!.:`$+3("%3`":#`+T)`M+].O]"`$>8$$
M.L+8/^%+5O!C'NEQA^(-;"`'=&`%6F`#-[`$4E`0$Z%ZL\`$>A`(^%0S)G"M
M*N(!6'`$&'`#1F`"17"_8-4#*I4#:_0!J\#HQ]1B5F0(&<!A:;$-X]`+MS`-
MZ*!3$3@-`?@,/MD-V=#H/R$-,Y`'_@%]1-`$<5`'LS`*LV`'9J`$Z=@44%`&
MJK`*QT`&G.001:`'Q?-5_^ZE#,F`"\-WLHDM[;EA#9:P$^HP#,5@`*:@`T>`
M!Z;``1C0"F$@$IP`!#<@"JF0!4;`"&B``25P"GNP!S6`"BBO`9<P!^G;`P=]
M"[LSE5S7&,``\/2``6Y`#QYP#:R@"/XB"=OP![D@"SH@)$V0##O1!9HP`O!`
M#!H`#EVP)XBB#6$`HAD0!&ZP!5\`!WEP"%N@!6S0!GLP"X40")[0!WO``:]C
M<B9Z!5B`A!T@!H(2@CO!#"8`.P*)`QW@+Q>V1T6W#630%2@L%$+2#=*P"\`P
M#=8F/MDP#L%@#+_`#,3@#`#A"QD[<NC6B<OF3:%";>#,F>/5)(T=2*9BG5IU
MZ/_-D1$;5GSX4(*)GDJH$!T146+#!A0_\&@J,XF>-7K5XB6;EHU>S9T]??[L
M6>U,S6I`C1Y%FE3I4J9)=>DT1ZP9`CFWZ`3!),)#FT0>,`@"4V$(K0Q?8+7R
ML&%-I"=8=%SJ$(((L"TK.#2YMM-:-6LT=R[S]=.%JDPW3AW*AH1>%VEST$T"
M4XZF%V8[?<C*X(E4!V1=JC1=ZLK$CA$@4%P0(4)##B5-!!DJ,T9,$E,:0H#8
M@0-'CAPNDFC)L,'%NYG;N!7M20Y'B1PC=FP04Y.;7]#5@]+[UH;%!TXSE2+W
M>RU8M%O$E)WS1GWGMVSGYM6:9LS9+F+,J-VRE=_6KUW_S0@M"H2,,7CH`003
M.N"`@PY<F*(-43B1A8\?0L`@!!1,B$(.4EXA`P0+N)A)F&1TP>8Z]982BBCK
M5F2QQ>_`Z0:[7Z`Y88IP1E@!DR=$&,*2$C"8`Y`-,'A%!Q-RX"0(%T"X!`PQ
M7A`E$0Y`B&(30KK0:SKJV@%%&9YZ\N";+H!@I!!ZE*"'EBSN$`:-+EC9B8ME
M9C)#E#&ZN,,)0@PYHAP7?1IF@Q)&P&$$#0H%PC0ST.!@@Q!$Z.`*-SP`XE#>
M<M"@AS5>D((=[/KZ:1MZ\NA`MQ`\(*:FO?X$"M0OZ1'G$1T8P,`4>K8YL57C
MJN'&IVW6R:68\H9Y9QQO4-RF_QKD=I)$A0\XL.`#$TS`H(<?S@BD%$Y.(80+
M)5!PU(-2SX"$DT:<",Y`(HC1!9<8=\JFF'!>92I%95G%-]^FI)%F)UV2J:"$
M78+@H(\X,+C`DB=*Z&$3'#IH@Q$34`BED0X\@".:-E*X`!4K)O:@D&"&2><:
M;KCYIAMEB*$&G9G40\&::3(8!Q`_,J&''!E>B<094**C!XP2--!"#%/"6,42
M'IHX)Y%%\K7&AA`.U4TW0C,-)(.J<1`AD!LN(#0''$`8P8@N-#!'5:1,J0`'
M#:A\5U^?^M)&5'IR002%!%(0!!EZM$1QIEQ\0<=NNZL1YQU?R*.F&%UR*0B;
M;+0YCO\OO\)IYI@T.HCBABG"D.,02$B))15%]!!"B0LN1@&##'I``Q9+6OD"
M!-<S\$"*/S"9XP^]O&DF&66J^<8Z>Y>5.WFYMT''EIW>$:4#$C[YP0,F1C'A
M`CLHV<`#1M+(P`5-HF@#B5>D>($-52[A&H1,'+D@A:'B@8:86WJAYA==QEGO
M&_7.*<HZZ)$-=^R$&^"H!C:*QS]8K0,=DLN&.&BR#GG0PQSGP)>H]F""K6T-
M!$'0@P@(92H1'"('0`#"")QC@D!@8!7T.);=?D*307S`;1E(@O)\0CR:*,,+
M&#"`'%X1C)=50X9)X8:HOH$,9O1B%\$P!W+L9@UMB$,=\,C_13-VT8M>U(<9
MS(#&,YZQBU/`8A6K",4I3J$*/!BB"V:H`0A*X)4,8&`E.VC"(4XQBD=\H2.H
MV0`.V/"*4'3!!2GH`3>\(8QEQ*-7EJO.\70X27Q9@QN@F`DW^L`")9QB$"CP
MP":"4`(J8*($&6C"*%:W!D4T(0^G*(4:]!"&:62!`QKP@"I2400SS,2(WJ"<
MX2RGGKI9XQM&O)5WMK&-;TP'5WK9B;)$U1>^Z(1510F'!TK00=VX``EQV$!S
MJC8")1""`SO0@`9$`H8!O.)OR/N)-IZ``AP`H0-OF*0UC`,O&W3``DT(2E_T
M"4^CW`LYWB#',&QQ"V<@`QW3Z8FK_ZBIR%Y1@P@[(`(4;A"$(?2`0KC;0`<0
M9L<*44$,>W`%)U2AARF4H`."^@`(FO"(3>`!"1W(P`4P\`1H4&,8VOAI-;3!
MET@.Y5Z41"IH_+*J6Z"#)I@8@AV(L`P/F*`0DL#`!UP!APN8X!5AT&8FGO`!
M%+3"%7D0PQ`PX08.=,0-*A5'\8"2C:)0,RC'[-5>*J>L).YJ@._DU3(M^4YM
MR/5/RZ2''6"@0D*I$`=;64((1CBV$6"`##KXP&TXL(B4X`"#JXJH7R#1-MU4
M(!231"8]WC`$%'P`"O`@BO^HZ"JD^&68$35'.Y!!#%L08Q>X@$<W@'DB7US!
M`Q7`:?8R(/_2"PPI`X,*`A+<X(A2C`(5@I##$G+P4E!F8`1"4`0G7$&''6#`
M`SGU`BM<48F=L`,$T>A%.NB%(J,2-*GW!<IT(,F+8=!#'7VPA`<X,`HA['03
M'D"!%T:!`11<#Y1JV,0(*B"%:+@!!A<@@B7,.0)QR4(7MV@&+VKQCG),@QC1
ML"^RB'=$_":1&^+H0@C<YK8=*.$#@S!"8PNE!!SL(`19Z,(3=O`$28@0`\=1
MCQ%%58P4K&8$2\(@)6^A!!-\H`)PP&"*E6I)A.2W&^JH13-^00QB%.,9[7H'
M-O3@`R]P`0YNA@,8WE`&/B2B#K`(11I+40@M."$*(5B=!P2-`B/_L,$/G%A%
M&J)PL2'UP`J5F,473,"#8XT#%+H`AW>*JB+\=KJ@^O2&3KK1"7KT`@>:J,`%
MT@"+#J0@%5\(P0=088:T^$$2&<A`(_;@RAJ`0@T8`$$(_&")&ZQ``^D!1SIR
M(0QC^,(=[0#MB@K+*T_K!;'<<('5W(:"&CQB!"5(H;9+P`$W,$,+BQ`%"5:3
M`=@.]J[TZ(,%2C,"JR9SDNRPP@Z08(F=).N:-&$','J!C''0-:)ZJ88WODR.
M=G"B#(%@1"L$X0<_"((1NI:$'-P@!B0$`0CG38L(5I(!$"2A#8U(8R'"4%Z<
MHJ`$<(#%)1`A!4$+R@_$@$:)])*KI$BR_]H_UW0[I$$36WR#%AUXA]A"0(TB
M>&`*F,"I&48A@@P4`1A/\,`%0N$'&'C@"=0XPRTO(`9+\.$2]@Z5/H'.*OW2
MPQ<H``&FT)F#0CPJ-XY]FP@<(8H-B$`&>P#;"%Z`2:+V^V_TN(0'"N6")PR5
MDGZQVW'\QRI]TN0;Y^"%L)C1C'*,0QP$I0D@8K"Z*J]D)1\8$L)R:E[7,<<&
M5;!#*RYQBD*X89X>^$!67>"%1&A"%5C8`;4X4(,]<((2T!95PGNUZ:.NO=/*
MLD8W@%&3</""$T@PA1V6.XDZ8.`%KV"#M&"A!PQ@``N:"$$*0,$+-G2@`T&P
M!")<%X(*C`(7O__(A3J\83=OZ)?%SJ^.91*56"`!3.$-%[B!.]@`(-`V0]&`
ME6H;$``!'T"#VS@!?J.MFA`54?B`0Q$!+WBG?#J.6]F+$J2\ESFB:PB'87"&
M7KB%8C`&7F`'@WBQ*UB0.4(!7,.U1RF!'>B!&W""+Y`#0A"$4^`$4J@#/>""
M(&@M<:FC(L""/[@$54B#(K`C$]"`*F`%5-`#)8"!1_@&;"B'9)`O+2NH^@)`
MH%N&;MB+8C`%0Q`!:M``'[.%'0"!(0`&''"!'5@&(]"`%&@$12`!=JB&9N"#
M*%@!&(B$3O@!"X`#FL`&9-B%6[@%9D@&6Q"'Y$M#5GF&F'(.#7`!(TC_A`_H
M#=[8`1<(`5-0`Q/H@=+`%#O`PA!0![3K-PU*`2`(/DFX%</:Q!9)+5_Q!FQ(
M!_@((UO`!%$(A5=XA5EPA51PQEE(A5"(1FE<!46X@S?@@AL8@0NHH_+C@`S8
M`2$(!%+0!$4X@QP`B0Y`@2DXA$L0!3@(`4#[@!%PAS*KH.:K%S3LQ4X+AU2Y
M&T(@E42P@P_P@$'X@ZK:@S\P@0Q`@TS``"!P(47(-&WPA?@`A`F<A4*0+U_1
MAFNX!IW`%9[;QZ:P`1<HC13*`3O``!?X%A%P@0N0!$/P@!W8IAP`MS*8@1>H
M#'^;FU[IA!EP`1>``6KX&Y$<2:4HGF"0%W#P_X84HXE>\(`HH`(CX`$I^(&K
M_`$H(((BV`&MN!!<.R_<P0`E@((S*`17B(7LFQ""-($0^(%)0(50L`(BV(`+
M0($4N`$[^`1`T+D19#XS/$I]L81CJH9-4`,N"`%F^+8*H(8?$($4H`8SZ*H]
M:(44&($/6`5/N15H<`9Z@(8)"`1O^*)@T#E?*4'`#$RC>`,/"!O<(`9'(((+
M:((XH((5H`4F<,E">;(*,(4]F`;OR,!5$0<MV(`/H(2=T(;4-!Y>(0==^`5J
MH(9GP`5W8,IGZ@DF2('RPQT=%)<+$!>20K`>D((Q((,Z.(5/H(5'T`(I`($-
MJ#(.0@)*.(50H`0;P/^=$.@[(3@T0P`"%9B%OZ$<HSQ#3E-.?1&HG1"&WZ0'
M3.`#/6"!18B$EVJ"9:@0*+@%(@"75["#D(H#8>C,G0@'4)"&4M`+=)@&2VP&
M99`&>.@5)$/-`NV)/$`D0P$!(LB$.;B!'\`$)Z`#//@#R6+)$@`!(_"%R+N7
M(TH^FI"&`H*^Y8/1[X`H`S('<I`&,2,S8C@S:0`'/N""+[@")M`!)A!3)H"#
M,`"#ATL$/R"%D@@%43"$,_B!'+B`!#$!EJB!-H"$3W`%2?@!=?1.#!B"0(@%
M5YB#RT2!%6B&>`"&>7G1H-#')_TW<T`@:]`$>@`'$P"%57BI9"C)#P"$14#_
MO3?X!!10)UK(@Q-H!7IH!F9(3NR8!F<(AF/1BVN`!_C(!5J$U*2@B3[H`+(9
M@1"P`5.X@B$HA#+@F"A@3=W(@=10`W.(!</+5:2RI!/AE6N0!W0P!3BP`SP`
M!$$H!59@!5F0A5*H@T^U@S(``SCX@2CX$04Q`0[X@`XH@F]JA5A`A3_`@AP(
MJ0P`ER%(@UG(A#NH`1V\`"5PA&AH!G$@P;^,UC_I"W-P'GH0AG=0A0&8!&9`
M$#/(!`\``0_XF0SX@$:0A0XH`130!#:8$WHHATV8Q9W`!EVPA5UH!R?UCL)K
M6*0HBE<PMA02@1]PA2!`A%'(`;+1MK'9`0\0`VOP_Q-WNUGE^89G<`9?F`=P
M,#B?4`8+J``.2`$.>->MU5IX?99W12Z<*M@:^`(^``14&(590(0EQ$^$\0`1
MH`(V8(5+``0S`!>JPX`FP`,]-:P,I"\";=I(*@I@P"!N\`4HP(`@&(8;P($7
M*(4[X(`2&`)F&`+\5(16,(&@A`5D.(=>$0=@@(:T@1=WV(5CV`5DB`>7(9[!
MK2UZ8(>71(%O2X)3,($?4!*Q*92M(109"XS_<UU\$8=SR*(N8@9B<`9<J(5G
M$X,GN`$H&`(@R($:0Z$A(((G<`(A<)-MG054^(174`0^@(,XR@`.X,8ZP@$A
ML`-:&(5$&`,0^$9N+((R0/^%4V`#&,`G:ZB%<0#<[WC4X&6*8ZF&=HA87F`$
M&?`#*0"&!4&!8_@U#.""9`BV#V@%1C@O$=@#62B@G<B%6W@*7SD':?"%6D@F
M`;U94-F"+W`"[_2!4T@)"00"D]3-H7$.N;"@_@5@7[39A.L&=`@'91"(31`%
M6CB%2O@$3HB%)!Z%-)J%L\"#0"@#,5A7%P@.\UVNOL,!+\B#I&&%-:@!%\B]
MG-J!*B@%F:L!`8.!6`B'8TA836L*G\OAI:")7@&&`A*#5U@"56@!02"$A30"
MION1.+@$K=B`1RB%$<@`$V"#8X`M4>$&7@`%:&B'1HUC45&'86B%(U`"#L&`
MN]/_,0W(`"'0#0U@`4*@!VTPX3AN"IK`%2T+!17(@-1`11<H@7A$C1#H`-0S
MKVY$&+`A@B7H@CYXA4]8!3L8`]710110`CKP@TN`A2LX))RJ`3MXAF%(&\`!
M#3A69:00E63AADW0AA7H@5[0@@NX@&00@M6A`TNX``,9A$K@5Q;B!!O8`!A(
MA&'HA;0I"FX(!V<X!FB@SF-*9=?U"U[X@3`@!3WH`!42IT+1USD(@SQ`&!ZH
MQ6VFO`GJA6=0AF=;AVOPMV4@@3^MTWAU+I`5-!'*@2@X`C20@T5H!2.6!41(
M@R10"=1;K@NH`3GP@TU@!#$``9':@"(@`U=0A5Q(3N3`_\?`36J+#I5/45E5
M4($46(9'R!XCV(4<P$]'J(0-^&E#B(5:3@$P``7MX#=W&!&=HXEL(`=?$![K
M9.J*1@8O6`'S*A004`*JP0$4T`(LR`"5_(!VX`E>?.OJ8&4+`C-?>(9BZ`7[
M,(9.2`1"0`1'D`0^F&P^&(0]((1$:`5H)(50&(54J`,[F`,O&(+5:11!4\<A
M@(,_H(506`0S$('3U@`O$`1-B`0B^`+D^(9AF$5*KHG_'>P=B@9M2$YBF((*
M>`1&F(1OG`-+<)0/0(21=8$-R()E@`+<TP!%*`6%Q8Z;B`9Y8#&:\.V&-2)N
MD`9:&P&QV:8&U(`I<`,KN(`5@/^$XBB*\0[N\IXO8](&9`@".&B#-B`#/;`"
M`5^#+'B#+0`#->`!(XB"O#8!"RB_FNL`$=@!'M@"01@%8EXM#T@!:MD!+J@#
M3%"%,X!?#R@@<6#K9L@&',99X`YN[\"%:>@50\@$$B`%%B@&)D"!"B@$68C;
M#@`$5C@-%6B"3Q""#M"!3Q@'6\`%&2*'7C@&84`'RKFM^WY80@@G$!BG$4KO
M$(@"%]``%(BF%Z\DZ0`*.K"`D`JI>.V`A72_.D*P"XC7'+`!4JV!*M"#5C@%
M2SB%/I@#*L``K?V`#!@"/-T$4Q":NHSM+#"'7SB&8,@+7%5J^Q[<$NR$3!N#
M-H@%,N#_`"-X!A?(`1+P@U78W`U`!%38@2W@@D&X!4SH"6_PA4=W4G&0!DN,
M![MZ<6FZ&QNL%&[:71?H@1-PGJ4F<^.AAW>X!6@8AER(AW3`ADW8`2H@`AX#
M`0TH#0V(@AV(]B>P`320!3\X!F30A%%P!3^X`S@P`AS@VA28\!WP`D((A4WX
M`S_B&'#)`"FP`V`P!L"NV?'69C(W(FN0!YSI`AJ@A4!X`88DA@O0@`J`A>BA
MD"RPA&3H"5X`!I?9B77X%V&(LGY;<;5[<6;J"578)AW;7;<96A+@-V\N=LK;
MAFQ`!W:0!F&`!EVXA/7R7DO8A$^X!$VH!$%`!0_FA7*`AW!(_X=U*!%K,((5
M>`$3$+`1@((T:`1:F,(L^`&0Y==8YH%#<`5%<`9ADJ:!WB$7#^YCZ15EX`4M
M4($ZR`0=0!`MR`04B+55$`2.E9]72`>U6W)CD%5ZN(9<``9B*(=NF"9*;]B^
MF*94&)LMGS$@$($<\!1+0N66=Y&]L"\?L`"Y%P$0H&5UVH!(P'BD0`8/:`(Z
MF(14^(18P`,MJ('5&?3FT@`?\&I4R`(N*`6=2*+;8O&C^/?@[@MR6`=1P04M
M.`%1T(!G,`(1,(%)@(L06(%+>`47J(`!$%UH\(E:B/+B\0MP\(5;F(9HHWQZ
M4#.M<;)#V8%*&1+B$/OP#^!T`(=,8_\;*D8!%'BIEU*!4X`F;J@B<&@'=L"%
M9@`(8KXVF<J##E8)$1P^H$"!`<63-)`LI5I#9*$W>O2V:>SH\2/(C]7.T*M6
M+23*E"I7LFRITIJU=IZJ6=M&K`@D$EY^]4"QPI"F'`PR:8/5!Q8];KZ.H>NH
M#9FG:>8\;K-FTB76K%JW>JP&Z\(('"$N;/"0PD2&*;/H:;/&]2W<N'([6M.U
MZUDI4ZE(P1*E2A$C07A*0?M%C!BU6]1Z]2KF*UZ[<_3>L'B6:T`&#RAP''D#
M:-0G/%=R=.C@0D4B>MY.SBU)\FKKV++I6:6';)=&8)X@I4@A)MH(A6N28:!%
M3UXT<!W5'6O_-I7CMES)J$F[9I);U=G:9\<:P8(#$3UZ#JFJ0TSC-FZLM[-O
MW]*M1CPF1!1I4X[>-VW9LEU;)\Y<-]FL1Y=&J:@3#BI'7#$(*Y]4\L<<0WB`
M@0<CC*#!"GAX!)]<(Y4TH'LAJD03/<34HE$EG8P`0@58,*/$!1]4P8DM^&4#
M##3<:&1-.:`(D]&.V/BRC#`UP28BDBM9XTTPQ]1R#4@Z6O,-B$E:J9U5;IDS
MCSP[:E0E2%-ZL\X\[M3R2C27B#()$AIX\$$&([B`@X4N5-`)6]5PQ&%<'AYY
MY94G89>)9#Q\8HD()7!P!C$W8%"!#IR4$XY&RH`"3T?5\'*,+ME\_^DEH*&"
M!*:HI;;G5C7S3%/./.VDDPXZZV"S#JW@J#,..?,HPXLONOS2"S/!-B/,,%!&
M0X,'(F@0%ITX:+`##A;\H9&.L_E)JJG:98,+;=E<0@\(BX1A"P8@;-#$+TQL
M\$$.F!CC*3W=W/++.G2QXTDO['Q#6[:F\MDOP-;2<TTPTN"BBS/.%$,,,X<1
MTTLTST#3#"ZUP(,.-M=PP^$Y)P$3`[0KXC`R#B#@X,(0M&W#D;6O81MP:\<@
MTVTQ(*QBP"2>:/#!!4;\P@8"2$F#23H=A7.,,5/!1,\XSG1RW\LPGRHUU6^Y
MM3)<5NF)W<H<'<+!LCCD8&%8.2@APR\EU?_6\H=5:Z>C)I0&@\PH?LC`P1;,
M0+%!"""`0D8F&H&S##3:H"=-)KI,U1$WXOSI=HA10SZYRB?1Y!9,__(+T^7K
M+>T4"V)K4`(&(^<0@@DR#+*129)K=2WEK;GE32^&G'`)%<,(<C<7T?RP00D1
M%/.+<AH%@TDN+--3#C"[E/.-D:['/CWUU6<TA04?]'#"'B"4`,,0?A0R3N0N
M5P\7]/1DX\D5AQB0AC`\9&!!$L54H40?W("323#\?N/,,N*A/'@XPQ/*4)OT
MSJ?`!?9K3YCPPP8808\[9,`/'()2>V#'P*P(HQT:\<$NU&"!*!""&&'H0`9V
M4(G^P<0;QV!&E]S_THUG'",7^]*(-[J!G[5ML(<^;.!J-"*.C;"%-FW9F.:R
M1A<-_G`EY]@$E*"EBQ_HH0@A2`8E5I"!"T@C&=CH2#J.43BG^"(9QE`'RSA"
MHB:RL8TB@@YVU.<-CF2#&]CY7%PP5Q*-4,D:YG/CJ-PRCE@,HQ,5R($G:+&"
MA[S"%"*H`!ZLL0P6:J06G9#&OMSRC7<T)X&`_"0HLY(YFI@D/9YD2356XY9!
M6&`4M/DC*$=Y$GD`PQHX\$`0C,$'$60``X,@Q@]DT(-:&,,675*C+S(Q#2!I
M1!MK#"4TH\D5$E6+''4\I9+TM(TZ5$`0M/%CVT)Y%6UTPRWM8`8/8B`*_Q:,
M@A$8$,$'DD`,2B"`%_10!RBB`:^D2(-P\E#/GJ0IT(&BDA[4P``GN.G!&\KF
M),8@@CVK`L['N5%/`R.*-I)PB$Z@(1(9B`$@.I&#S&#@#ZC89RTR@0L=G<0:
M[*!&,Z#W3(+2E*!ZG(,)5A"`:;"E6K&QAAWIPCE8AM(MZ<!$-3:0@AW8HA$K
MV,$)OJ`+,;R@`JKH!BB&T9%M#(D70#J)-I17T[$.-#OTT,`&#%",4#$1E"VE
M1SN2880.F,`0K_`#!XK0`2!@`A!F^*8N/#$/UG!#&*!PQA>W@4VR,I:!.L)&
M#%!P0+82%9"74P];;L&$#A""`86P10DN`((/;/]A%^3@5S:2P8S3MK0<QWB&
ME)+8V-G^$'H<@48,*1M.<=+#&?&`"3>.@0@PF*`"<(`&%E[0@3ATXQC$,)Q&
MU$$,:)33*3.E+7:;>!*6Z1%0$UTL]4ZR/FEH)`>N>(48/K"!'<3B%3HTGB5X
M02)K,`(1MLC%XO"8W?WR-RZ5=2-,5L:-6_!"''&002EZ<9$16"`1SJ`4JHR!
MB7C<<P8*4$,RHG$-V?:WPQY6R7_;:!(..2,4V+``!T+1B2ZD8"S7H`8UI$0/
M<0BC$^PH!J;XU;H/\[C'(0DQ&W6TCF?L,1VEN`$)&F$$3;P"!"U0!3WBL8F5
MTJ8:V1"&+>)A#CVUCL/_/OYR=H'\0\[1PQC)&.<FVM"",XQA#L!PA_*&D8E<
M?*H:T_C%XL"LYQZ+><S?T%$Y+C'$:H"#%*F80B!,,0]2&`-*FH2&)<K!I^ON
MN=)AWNTG2722;ESB';D)A"].@8PBE&`+!C3<U9Z1"62(0Z)>MC2L:=IG'Z[,
M':BV!C"B08]*B",5E]"J'-"`@4X4`Q=ZY`8OEM$6\,:ZV6R<=0_WA;@-[\L7
MQ7A##XJQCEL8(PQ=*($'S*&,3?1OCVIS-KH9"VT&PL1P[>#$//:(C6)T@Q,2
M"$$1"H$+.+"@""5QAB4:C>ET$UR@ZV8W;$"Q"\Q9PQ?4N(0:J+"`,50B%5$0
MY($=:(.+8Q2OX!XW^,#;6)-K*.<DR`#%,>EQ#F?<)Q'FX$*D@=&63+WZXS;O
MX<$7N`UQS)E?Y^@$-+Y)CUQ@@E(=P88M;&%K?MV\Z8#,N0(Y\HU;V((U#;^$
M.O"3E&;$PM,=60>]*.KTL3,0ZM73$WS*$0O6JB83S-C7=HGA"79XZ:UDO_L&
MZ1!RD</CBP/;A#-6=I)R<&(:VAR8,S!1BSN:%>^.K]X3/B5.;QB.-=T((D>T
M(0[H=N0;Z]CGXT-/O2I4&9KPR1*U=L0:L6I:]*Z?'AC.753%HNIQ^OT2LU^O
&^Q`%!``[
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>img2.jpg
<TEXT>
begin 644 img2.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#_X0!F17AI9@``34T`*@````@`!`$:``4`
M```!````/@$;``4````!````1@$H``,````!``(```$Q``(````0````3@``
M``````!@`````0```&`````!4&%I;G0N3D54('8S+C,V`/_;`$,``0$!`0$!
M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`?_;`$,!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`?_``!$(`2$"
MB0,!(@`"$0$#$0'_Q``?```!!0$!`0$!`0```````````0(#!`4&!P@)"@O_
MQ`"U$``"`0,#`@0#!04$!````7T!`@,`!!$%$B$Q008346$'(G$4,H&1H0@C
M0K'!%5+1\"0S8G*""0H6%Q@9&B4F)R@I*C0U-C<X.3I#1$5&1TA)2E-45597
M6%E:8V1E9F=H:6IS='5V=WAY>H.$A8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJ
MLK.TM;:WN+FZPL/$Q<;'R,G*TM/4U=;7V-G:X>+CY.7FY^CIZO'R\_3U]O?X
M^?K_Q``?`0`#`0$!`0$!`0$!`````````0(#!`4&!P@)"@O_Q`"U$0`"`0($
M!`,$!P4$!``!`G<``0(#$00%(3$&$D%1!V%Q$R(R@0@40I&AL<$)(S-2\!5B
M<M$*%B0TX27Q%Q@9&B8G*"DJ-38W.#DZ0T1%1D=(24I35%565UA96F-D969G
M:&EJ<W1U=G=X>7J"@X2%AH>(B8J2DY25EI>8F9JBHZ2EIJ>HJ:JRL[2UMK>X
MN;K"P\3%QL?(R<K2T]35UM?8V=KBX^3EYN?HZ>KR\_3U]O?X^?K_V@`,`P$`
M`A$#$0`_`/[^****`"BBB@`HHHH`****`"BBB@`HHHH`****`/A#]M/]O;P=
M^Q;K_P"S1X,UCX/_`!B^-GCW]K'XMW/P5^$?@OX._P#"J;?4KSQK;^';SQ,(
M];U?XP?%+X3>$M%TV?3[&XCBOKGQ$5%R%CF2*-A+5/\`X:\_:5_Z16_ML_\`
MAU?^":__`-'Y7P'_`,%B/^3T?^"$'_:1F[_]5#XFKVW]L/\`:G^/_P`+_P!H
MBY\$?#/7[ZSL+6#X,QZ)IVH^"-/U#X93:AXU\7VVF>(8_B7X^F$-QX,M;G0O
MMXT"[:_M8Y]=6PLD\Y[D0L`?1_\`PUY^TK_TBM_;9_\`#J_\$U__`*/RC_AK
MS]I7_I%;^VS_`.'5_P"":_\`]'Y7&C]L+QWI5UKO@SP%X'U3XS?$&+QY\>+N
MZL_%GB?POX!T?P_X'^$NNV]C?V]AK%CH\L=XTWGR67A*SN[*:\NVMW?Q)K=A
M$R7AY/\`:O\`VR/%.G?!O]B+XF_"+5O%7@O0?VF_CYX/\&>([G1OAU/\2O'^
MF^"M?^$/Q;\;3VN@>#-.L]9N-0UN+7O!FC13/9Z=J7EZ8FH3+&(B;F$`]>_X
M:\_:5_Z16_ML_P#AU?\`@FO_`/1^4?\`#7G[2O\`TBM_;9_\.K_P37_^C\KQ
MCP-^WYX^\">`_B?I7[0WPOUNW^)WP,_99\)_M,^)Y5M8/"C^*O#?C/XA_%[P
M5X:TN3PY?SS7/A?Q=-IOPLCUO7M(O9#%I5UX@@TT,);>55]JD_;/\0P?%K1O
M!ES\&[VW^'^N?M`:5^SAIWQ!?Q;I+W5SXXU+X::G\3FU)/"\,,MW#X9M-+TN
M?2)+Z\N[:\EUL>3#826;17DH`S_AKS]I7_I%;^VS_P"'5_X)K_\`T?E'_#7G
M[2O_`$BM_;9_\.K_`,$U_P#Z/RN*\)?\%%=.\:ZU\-;?3_AXGAOPOXV_:`_:
M1^`M_P",_'7BB/0=`37_`-GK]J'Q=^RZVE^%]4M=*U32=9\;>._$'A.X\7^%
MO"&LZCX;>_\`#4DEO9:C>:_"ND3<'^U3^TE^T;X0_:C\1?"3X(?\)+KVKZ-\
M$_@]X[\"?#_1OA9J7C#PQXO\8>,_BA\0_"^NV'Q+\;:=ITZ_#SPL^B^&=,,7
MB+4-6T.QTOR]0OIIKM(WBB`/<?\`AKS]I7_I%;^VS_X=7_@FO_\`1^4?\->?
MM*_](K?VV?\`PZO_``37_P#H_*\^\;?\%&[;P/XW^+OAE_A[H_C'2_AYX"^(
M/B[1M3\"?$32=:O-4U;X;:MIVCZYX3\1VMU8:=IOAW5+JXU'%D;/6-=6RFL[
MRS\1+HEZD4$OFFI?MH?M,'Q_^V#X$^(OPVT3X2^'_@'\+_@7XVT[6O`OBS2?
M%_C6RO/BCJGCZ"6W$FN:)-X6UAYX?"MA&\:V,<&C-)?+]JU3S;.50#Z,_P"&
MO/VE?^D5O[;/_AU?^":__P!'Y1_PUY^TK_TBM_;9_P##J_\`!-?_`.C\KFOB
M+^USXUU/0OC-JW@SP;J>B?#+X4^-9?AOJ7Q5TKQ1X2E\9GQMHFI>&$U6VT_P
M%KVF7UFVAW*:_!8C4[J:2]R;F5=)MXEAO*=XM_;ZNO`_Q*N-#\1_">73OA5!
M\=-0_9S3XG7/C/1Q<S?$B'0+GQ!87,OAE+=I--\(26]E=0ZIXAU;4;`:7*BS
M&SGLV-R@!T?_``UY^TK_`-(K?VV?_#J_\$U__H_*/^&O/VE?^D5O[;/_`(=7
M_@FO_P#1^5Y=X;_X*/W?B>\U3PAH_P`+M#USXB:E\2?"_P`//AI;^'_B38WW
M@/QC+XM\-:GXJL-2O_&-UHMA<:-%I^FZ1=QZHEMH6KQ271@&B7&L6LANDX7Q
M9^U?\:-+^,MMX\UVW\7>#?@3X`^(W@'X1?&;P_IFN?#;7+/2O'_BG1[*&"U\
M/60\-W'BGQ%X<MO$NOVUKXF\2P>(K*Z(@MAHOAH:?;7VJR@'T7_PUY^TK_TB
MM_;9_P##J_\`!-?_`.C\H_X:\_:5_P"D5O[;/_AU?^":_P#]'Y7F_P`*_P#@
MI$/BUX3\;>,_"GP;US7=)M/AX_Q-^'47AO4;W6[_`%_0$U6QTE[#QA;)H%NO
MA;Q!;+J$&NW&G:-+XMB;P_%?7%E=7FI6-SID?I?Q`^,GQN^*G[(&F?%+]G&+
MP_>^/]<\1^%8]37X9:YH'Q$N;;P18?$2STGXJ3?#2[\40^'=!U[QWI?@VS\0
M7&A:/XFT^SDAURU?3+_1+C5;<:1.`,_X:\_:5_Z16_ML_P#AU?\`@FO_`/1^
M4?\`#7G[2O\`TBM_;9_\.K_P37_^C\J[I7[7?@#PW^PSXH_:D'Q!U'XDZ'\.
MO!GQ)N-3U[7O"X\'^+M3\9_#?Q%XC\%ZMX*\2>#(X;)]%\>:5X]T&Y^'VNZ+
M'9:<1XLL;N".PT_S%LX,[_@GE^TEXA^/GPH\7:5\1O'G@;XB_%;X/_$34/`7
MCCQM\/(H;/P9XNCU;3=+\;^$-?\`#=K#>7\,5B_ASQ/:>&;GRKZZ5_$?A?7X
M_,\V*2*,`Q?@-_P46T?XQ?MA>,?V&_&?[,W[0_[.GQY\%_L^Z;^TQ>Z;\7;[
M]G?Q!X=U'X9:QX]@^'.F3Z9XB^`OQ\^-%D=9N_$+7>-*O_L$D%EIUU<W,D)E
ML([S]&:_`?P3_P`K-OQO_P"T-/PQ_P#6MM3K]^*`"BBB@`HHHH`****`"BBB
M@`HHHH`****`"BBB@`HHHH`****`/CKX^?M:ZK\'/B[\.O@;X'_9G^.G[2?Q
M&^(OPX^(WQ7M](^#VM?L\^'+7PYX)^&/B;X;>$-?U'Q!JO[0/QV^".F//<:[
M\5?"MMIFG^'[K7;Z>-K^YN(+6WM#(_$_\->?M*_](K?VV?\`PZO_``37_P#H
M_*;XN./^"I'P!."<?L!?M?G`&2<?M$?L/\`>OI7D/@_XR_'SXG_#3X]?M0:=
M\6Y?!7A_X>^+?CUX(\,?`Z[^'.B2V$-E\(M8U7PK;:GKNK:C/'XKE\4ZWJN@
MW6OV-U!<V^B?V%JFFP+X=O6_XF$X![!_PUY^TK_TBM_;9_\`#J_\$U__`*/R
MC_AKS]I7_I%;^VS_`.'5_P"":_\`]'Y7@OP'_:?^,OB#3?V-K[Q!K7Q$N!\>
M/%8LO&R?%;X3V_PXN);0?"&X\8,?`\2V&F-J'ANXUKRY=/UWR[G[59)&L<I$
MI:N[_;I^/?QL^&'Q`\"^$/@Y?>-7UCQ#\-/B'XCT'PUX(^$]]\4;CQ9X[T%(
MQX2T/7QIVEZA/X:\,ZGJ$D-EJVO3SZ99V%M-+=3:A`(2X`.__P"&O/VE?^D5
MO[;/_AU?^":__P!'Y1_PUY^TK_TBM_;9_P##J_\`!-?_`.C\KA-3_;V\2_#W
MQ=\,/AQ\2OA_X3D\9:_X9T&T^(>F>%OB!:ZCXB\#_$F^^'M_XUO=(U+PY'IL
MUI::$9=(U"RMKR;Q$VJD&"XCTB>T;[2<>S_;#_:1\2^,M`TVY^"OA[X>>!_%
M?P"^(GQ:CO;GQWIFN^-=*L=#2[&BZM%%96-[H1U&-([=Y]`D2_MQ=3H9-3DM
M8Y%<`]3_`.&O/VE?^D5O[;/_`(=7_@FO_P#1^4?\->?M*_\`2*W]MG_PZO\`
MP37_`/H_*P_^&L_'>LVGBSPQX"\$:AXFMOAE\&]'\6?%+XF:MXG\,:!KV@:U
MXM\`W/B[09/#OA>73)-*\37]GI[6.JZKYG]DZ7&]S':6-OJDT5S9QTO%O[;?
MB_P`MM]D^$NH^._!?@;P;\"O%7Q:^(-_XQ\-Z%K=EH_QDU@^&[>]T#PI;VF?
M$.MZ)>"/6-;T]!H.GRZ6\R:)=7NJI#H\H!U/_#7G[2O_`$BM_;9_\.K_`,$U
M_P#Z/RC_`(:\_:5_Z16_ML_^'5_X)K__`$?E>4^)O^"G?A?PA\0/&O@K4?!V
MC:];6JV^F?#;6/!7CVPU^'Q+XTU/]HGX2_LOZ/X(\722Z;I^F>$M9N_BG\:O
M!=G>S:?JGB?3M&LHO$":K>6NJZ/)IDGEG[1W[7_Q]\#:SXP\6W5CKGP[TC]D
MSX/>&?C#^U_X.\(>(/`7BO0[+P'XLU3XA74-Y\/+[7?!LNO_`!`\4OHGPNUN
M6RM(Y?!":3:N8[C2]=U?4;73[0`^J?\`AKS]I7_I%;^VS_X=7_@FO_\`1^4?
M\->?M*_](K?VV?\`PZO_``37_P#H_*X_0?\`@HC:>*/C'XD^'OACX3:_XJ\+
M:-XN^(_P_M->\-Z@VH^*)/%7PR\-:IK>LW.K>%&TV"UTCPQJ>L:-?>#=$U`^
M(+K6+CQ"UD]YH-EI%];ZF_9Z+^T1\8OCY^R-\3OB+\`]`\!6GQ[T^PU[2/"/
M@VX\6G6=/T7QC;Z?8:A9>'O%\FJZ3X;NM!\86,&H1V^K>'-;TZRALM61(_MU
MWIDT&H3`#/\`AKS]I7_I%;^VS_X=7_@FO_\`1^4?\->?M*_](K?VV?\`PZO_
M``37_P#H_*ZO]EOXZ:9XE^"WC'Q#XK^(/C/Q/X@^%NL^)=,^)<'Q0\%:3\//
MB#X(UC0-)MM:U/POXET'1K>QT6XET^RF6[T_6=(MQIFKZ;=VMS:7%Y$1=S?/
M/_!/3]MOQ!^TCXN^+7A'QYXP^'OB+4(K73/BC\.1X)OK*3^R_AIXDU'4=-MO
M#NN10S22_P!M^'C;:3)?W-SY<L\FL,GDQK:Y<`]J^#W[:?BSXE?M#/\`LW^-
MOV,_VEO@#XNB^%<OQ@G\0_%+Q/\`LEZ_X2A\(GQ'-X2T_=<?!#]I[XO:\^I:
MMK]K>V-G9PZ!((!:276IRZ?9RVT\_P!V5\!VQ_XVDZO_`-F!^'/_`%HCQ57W
MY0`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%
M`!1110`4444`%%%%`'X6_P#!83X7?M`>+_C]_P`$D/B;\"/@'X^^/X^`/[;5
M[\2/'^@>!'T33WT;PQ_PK+7=)BU+6_$?BC4M&\+>&-.GU"ZBM4U7Q#JVGZ:L
M[+$]PKN@/NGC;Q!\8/B/)XQE\;_\$F/BMXC;Q]I&@:'XK74?VB_V2I(M5TWP
MMJ<&L^'XFA7XZK%;2Z5JEM;WUI=V:074=Q#')YQ*#'ZO44`?C1XI\->./&%A
M:6&L?\$E/CE$++Q!XF\2PZAH7[6_[.OA?7&U+QH\;^+HKCQ!X;_:/TK6[K2?
M$;11MJ^A7-_+HMVR*SV.X`UZ)K?B[XU>(;;X3V>J_P#!)WXL2V?P.\6:?XW^
M%=I!^T;^R98VWA#Q/I7AGQ#X.T_4[&&R^.UNEPUOX<\5:]IJV^H"\M'74'GD
M@>YCAFC_`%3HH`_'?XU:;\1?VA=2AU7XM_\`!)GXW^);M?#5UX-N_LW[6/[-
MWAJWUKPK=74NH#0/$=IX6_:+T6U\1Z79ZE/<:GI=IKD5_%I>HW%Q>Z>+>>>5
MWW/%FI?%_P`:>%]?\(:[_P`$IOCA_8WB3QGIGQ#U%M(_:K_9F\.ZO%XVT=-,
MCT[Q)I7B'P_^T+IFOZ)J5O%I%E!YFD:E91RVRW%K-'):WEW#/^ME%`'XE^'O
MAMX@\*Z'X-\+:!_P2+^.^G^%/`GC?Q1\1]!\*+^V+\!)_#$WC;QA\5=5^-VM
M^(?$6@W7[3$^F>+[V3XJZUJ7C.S/BJVUB/3M4N-MC'!:10VT?T+:_%W]HZS^
M(.L_%.V_X):?&./Q[X@\)Z%X&U?Q#_PT=^R4T]YX5\-:IKNM:)I#6K?'0V"1
M6.I^)-:NUFBM4NI6O62:>2*.%(_TOHH`_%*V^'OB"TU'Q9J4'_!(/XT(?&L'
MC*VUS3/^&M/V=3X=6+XAZV?$OCG^Q?#!_:0/A[PW)XK\1--KFN3>'M,TR;4-
M5N+F^GD:XGD=KI^+=Y^TOK7C+XB>&?\`@FK\;/B3<>7?_!3XD:G#^T1\"/!5
MA/JW@J_9]6\&:SX>U+XYZ!8^()/">IWDBZ=XD@TV\M'-W.^BZK)"\IK]H*_.
M[_@FY_R3?]H#_L\7]H?_`-2'3Z]S!8'#ULCSS'5(R>(P.(RBGAY*4E&,<9/&
MQKJ4%I)R5"G9OX;.V[/*Q.+K4LVRK"0DE0Q5#,ZE:+BFY2PT<(Z5I/6-O;3N
ME\5U?8^>=4\,^-M8\6>,/&=[_P`$D?C:NK^/KH:EXOM+']K/]G+2O#.O:R19
M++X@O_!VE_M'6?A.7Q'=)INGQ7FOG1O[6O(K*VCN+N184`XG1OAG\3CX[^)/
MQ#\=_P#!++XU?$37/B%XX\:^+6L]>_:9_9@/A?3+7QMH]OH%]II\&']HN;PA
M?W\.D1W-A%XBFT./6$M;V>*&>`,Q;]S:*\,]4_!'QQ\$_B-JOPI\5?#OP#_P
M2S^./@K5]<NO#NIZ%XUO_P!JW]G[Q5X@\$:WX4MGTWPUK/@[5-3_`&H%USPQ
M=^'-'GNM,T6+PYK&D6UI83RZ>(OL,TL+>B>&_!7CKP[KOAGQ6O\`P2<^.M]X
MF\.6GAX->7G[7'[/-UH^NZWX:TQ=+TSQ7XC\*WO[2EWX<\1^*;>W!6#Q#XAT
M[5M:B'E9U!Y+>"1/VJHH`_&KPSX?^(W@O1?$_AKPC_P2K_:/\,^&?%6GPZ5<
M^&M"_;4^!FE>']#L+?4$U2WM?!&C6/[3D&G^`8K>^BBE@3P7;Z$L4426D86R
MS;G9MU^*MC\*+;X+:3_P2H^/N@^`K7Q!?>+8[?PW^UY^SMX;\12>*]6UW4/$
M^M^)[OQOH7[1^G^-+[7_`!!X@U;5=6\1:I>Z]<77B"[U34'UB2]6\N%D_7RB
M@#\:(/#'C2#0?"?A=/\`@D;\:G\-^"IM"O-"T*X_:Q_9QNM*;5?#OQ2T[XU:
M=KVN65S^T;+#XI\2/\4M*M/&6J>(O$ZZOK6MZJUX=8OKZWU"_@N>YU+Q%\9]
M5\9ZC\09_P#@E-\:[7Q?K$WPWGU;5]'_`&I/V8=!;4Y/A)KFM^(_`']H6>B?
MM!Z?87L>B:IXCUEI8;JUEBU>RO6TO6DU'2XH+.+]7J*`/P"_9N\$?M0>-/\`
M@NW\9/VI?BM^RA\4/V?OA=JG_!,7P3\%M%U_Q?K/@/QIX<UCQOHW[1[>+I='
ML_&?PR\2>*_"9UB31+V>^;0)-536K6SL9+VZLXK6XM)9OW]HHH`****`"BBB
M@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`_,C]I"Y^/?@7]O+X`_%WX
M2_LQ_$#]H?PY8?LC?M.?#?Q/+X/\5_#;P18^%=;\6?&3]E#Q/X>CU/Q!\4?%
M7A'0);O5K#P-X@:PT:RO[C6+J&POKV&S:RTZ]FA\=U/PQXXU?QGXB\=7?_!)
MCX\Q:OXNFO;OQ-INF_M@?L^Z/X.US4M2TQ]'U#6=1\!:1^TI8^"KG6[W3V$-
MUK$F@G49GC@N9+AKJ"&=/V9HH`_&GXO>'OB%\<O`?P]^&WQ!_P""4G[0TGA7
MX4MIK?#R/PE^V9\!?ASK?A;^R=$7PY8KIOBOX>_M,>&/%(1-$4:?+'-K$J7,
M&?M*S.2Q]2TCXB_M!Z)JG@K6[+_@EO\`'*36?A]X5E\%^%=7U/\`:B_9;UK5
M++P[/%!#/:7>HZQ\?KZ]UBXN%MHC<:EK$]_J4\BM++=O([LWZB44`?CAXBT3
MQ_XK^(ES\5->_P""3'QSO?&5Y?1ZK<7"_M;_`+.MKH<NL1Z+>^'1K3>$+/\`
M:/M_"+:P^BZA=V$NJ-H9OIHI=\L[3*DB]!XDO?BWXKN/`UWK'_!*3XX^?\.-
M#UOPQX3?3?VK?V:-$^Q^'/$6GKIFLZ%J":-^T/8IK^DWMJB;K'7EU*WBGC2Z
MACCN5\VOUOHH`_'/7M(^(GB/7K'Q)J'_``2=^.\&IV/A>T\&L-'_`&NOV=O#
M^G:KX<T^SO=/T[3_`!)H^A_M'Z?I7B@:=9:C=VUC<>(K/4[FUAD6.*95A@$?
MCN@:I/\`&3XP^-?B-X>_X)T?&WXES_#6[\"?!_Q+X-;X^_`;PGX>\!>/?@E<
MSZQ'X1U[3=2^/.E:#\5+;0-0U31=<TO4;_3?$?ARUU2%;C2;V:X%RX_>ZOSN
M_8&_Y&?]N_\`[/I^,7_IL\)U[F7X'#XC)\_QE6,G7R^EEL\-)2DE%XG'PP]7
MFBG:=Z<FES)\KU6IY6,Q=:CF63X:#2I8R>.5=.*;DJ&$=6GRR>L;35W;=:/0
M^1-:^%'BVZTKXC1:-_P21^,MIK'C_P`)>.O"OVG5_P!K']G[7-&\/VWCKQ1H
M?C[45\+Z!<_M-K8^#;>#XA>%O#/C+3QX(7PU>:+K6BV5WH%YI4UO`\>+X'^"
M_P`0]'\(_#.P^(7_``2[_:"^*/C_`,&>`?"O@KQE\1]=_:W_`&?H-2^,#>'=
M0O/$DUQ\3M,_X:=O+7QQHT_C/6?$_B72O"GC23Q-HGAI_$^MZ7HT%OINI7UO
M<_O-17AGJGY#PR_%ZU\<>(OB%I__``2T_:+TKQ#XL;5IO$4&C?MD_`'2/#.I
MW^N:6-&U;6)?!NF_M*VOA.+7+W3U1)M9MM&AU+[1%'J"W*Z@BW5'AZ3XM^%O
MA_XQ^&FB?\$K_P!H.U\.?$"^GU3QE=R?MA?L]7?C#7]4GL[/3_[3O/B!=?M(
MS>.4U"WL=.L;2QO+;Q#!/86]I#'9/`%.?UXHH`_&;2_#'CK1_#S^%[/_`()-
M_'QM*N;GQ+>ZLUY^V'\`-0U/Q)>^+].BTC7[SQ9K-]^TK<:MXKNKS3(+>QAN
M/$-[J4NG6UO!'IK6@B3';>(=:^+WB>;2;G4_^"3?Q?AN]"\)S>!=(O=%_:9_
M98\-WUAX2G>SDDT*"]\/?'[3+I;(2:?9O'F8RPM"&BE0L^[]8Z*`/R;^"6M?
MM*>+_P#@HG-XY^(7[&7Q2^!?PV_X8ST_X<1>-?%7Q$^#GC?0H?$&B_%W5O$M
MII;W_P`/?'WBR:YU+4+"^")8YFU*W2`ZCJ4<-E<P7,OZR444`%%%%`!1110`
M4444`%%%%`!1110`4444`%%%%`!114-Q*8;>>95W&&&64+S\QC1G"\<\D8XH
M`FHK^<;4OVZOC?')X'U+Q!=?%#PSK_[4?Q^B^"/@C6=.US1[[X9^$_!4?[2Y
M^#/B37-%\,00F]\)>)?"7A81:A_PD6KSW2:IJTEU).+(16T9^KI?VF/BO\-O
MV:/VRXY?'Z>)O$'P`^.EY\(_A_\`$WQ.RR:M/X7N='^&US)JWB"YN!;0ZOK7
MAB]\8:E#=ZPB?8&8Z?%+(9K>90`?L717X1#XI?'J\_:<^*7['(^/GQ#TOP7\
M,/"^I_$71_C!)-I,GC+Q/=MX"U/Q&?"L_B*6,_:K#POJMK!J&I6J6@+:9<1V
M4\K6QS7E'PO_`&N?VT/#/A'P_JWQ^UV[N;WXS:/`MI=^!([/4[CPOH4OBZ\M
M]%\4>&?#\CVT>E:]XC\(::UK:6-]J8CNM:N+O48'6.VMPP!_1I7P+\</VB?V
MCM!_:'L?@1\`?A5\//']Y)\,X?B'J5[XX\6:CX62S@;6[K1WMXI[6WN(92S1
M1/&C*)&S*<X2N9\1:9^T7XI^,?PD_:%^&_Q7`_95T/X>WWB#Q=X*N=/NKOQI
MXE@LO#RRR0Q6:LOVG6-2NK5W\L3*BWD3H/,:YWUXY_PUE\&8/VG;C]I%M;O'
M^'5Q^RMH;0I!9";Q'-JMS\2-3TI/#4&B+.)9O$BZDS6<FDQS-*DT4V6V1.X^
MNX3RVIBZV/Q7]CQSB&&P-:&'P]:GB:F'J9E5<%@Z,UA:U"K*I47M94J<:L'4
M<);J+/GN(,9"A3PE#^TI9;.MBJ<ZM:G.A"M#!4E*6)J1>(IU::IQ?LXU)NG)
M04ULVF>Y?\+(_P""F7_1M?[.G_AY=8_^5M'_``LC_@IE_P!&U_LZ?^'EUC_Y
M6U]:_%OXOZ-\)?@WXN^,FI:9K.J:7X8\+GQ##HFFZ==76MZI<W2P0Z/H\%C:
MPW-PEWJ.I7EE8.WE.EGY[W%P5@@E<?AO\!OVJ?CQ\>/C]??LL^+?CWK.D07&
ML_M0_%#6/BCX&L9?"\VA0?"'P;^Q5K?A?X<:)?:OIL#+X/\`[<_:#^(][Y-T
MKZEJ?A[P6L5YOMHKJ6L7Q%A4VGPGPPFG9KV.=;K1_P#,[\G][\K6LEKM)KB+
M/FG9I^TRS5:?]2OK;\6?HG_PLC_@IE_T;7^SI_X>76/_`)6T?\+(_P""F7_1
MM?[.G_AY=8_^5M>%^&?VD/BS\=OV>_\`@ES9:OXZ;X9^+_VSO#6B7OQ<\8>#
M'_L#Q!'J-K^R;XW^-[V_@E-0'VKP[+XPUWPW8:]96MS;?VM;^%/M=MY"`W+Q
M_'.D_M6_M??$SX"?M!?&+PQ\5=2T+XF?LQ:_H?P[^&7@F\L=-M_"GQBU*+XW
M?$WX?:9XK\>Z?`XNM;L?BUH'AKPW!HDUM-8B"X^UZGI8AO;F8(?ZQX3_`*)/
MAC_P3G7_`,^_ZOZ6/[$Q'_10Y]_X,RSR_P"I7Y?BS].O^%D?\%,O^C:_V=/_
M``\NL?\`RMH_X61_P4R_Z-K_`&=/_#RZQ_\`*VOD[X2?M3?&KP-X_P#"7P>_
M:-\3>*3+H/BZRUWQEXI\-FS\1R7=W9>#/AWI^K^#=1U>(Z?%#X.TWXD:KKGB
M+Q#-817EYI_A[6_"GAXVSK>WBV?W-\#?A?\`M5^%_P!HOXT^,OBO\4M%\3_!
M;Q';VJ?#7PA90SC4-(F%_=S*]T[X2,65@Z6K;C(UPTJE"B0`$_UCPG_1)\,?
M^"<Z_P#GW_5_2Q_8F(_Z*'/O_!F6>7_4K\OQ9Q7_``LC_@IE_P!&U_LZ?^'E
MUC_Y6T?\+(_X*9?]&U_LZ?\`AY=8_P#E;7Z(T4?ZQX3_`*)/AC_P3G7_`,^_
MZOZ6/[$Q'_10Y]_X,RSR_P"I7Y?BS\[O^%D?\%,O^C:_V=/_``\NL?\`RMH_
MX61_P4R_Z-K_`&=/_#RZQ_\`*VOT1HH_UCPG_1)\,?\`@G.O_GW_`%?TL?V)
MB/\`HH<^_P#!F6>7_4K\OQ9^=W_"R/\`@IE_T;7^SI_X>76/_E;1_P`+(_X*
M9?\`1M?[.G_AY=8_^5M?HC11_K'A/^B3X8_\$YU_\^_ZOZ6/[$Q'_10Y]_X,
MRSR_ZE?E^+/SN_X61_P4R_Z-K_9T_P##RZQ_\K:/^%D?\%,O^C:_V=/_``\N
ML?\`RMK]$:*/]8\)_P!$GPQ_X)SK_P"??]7]+']B8C_HH<^_\&99Y?\`4K\O
MQ9^=W_"R/^"F7_1M?[.G_AY=8_\`E;7@_P"S_P"$/^"CGP`T#QQH&C_`GX"^
M((?''Q6\=_%:ZN-2^+E_:R6.H>.[^"^N])MUM=.*R6=@\`CMYY,3RJQ,@!`K
M]B:*Z*?%T:6&Q&$I\,<,QPV+G0GB*2H9PU5EA74=!MO.7)>S=6HURRBGSOFO
M:-L9\.2J5Z&)GGV>RKX:-6%&HZN6WA&NJ:K))98HOG5*%^9.UM+79^=W_"R/
M^"F7_1M?[.G_`(>76/\`Y6T?\+(_X*9?]&U_LZ?^'EUC_P"5M?HC17/_`*QX
M3_HD^&/_``3G7_S[_J_I;;^Q,1_T4.??^#,L\O\`J5^7XL_.[_A9'_!3+_HV
MO]G3_P`/+K'_`,K:/^%D?\%,O^C:_P!G3_P\NL?_`"MK]$:*/]8\)_T2?#'_
M`()SK_Y]_P!7]+']B8C_`**'/O\`P9EGE_U*_+\6?G=_PLC_`(*9?]&U_LZ?
M^'EUC_Y6T?\`"R/^"F7_`$;7^SI_X>76/_E;7Z(T4?ZQX3_HD^&/_!.=?_/O
M^K^EC^Q,1_T4.??^#,L\O^I7Y?BS\[O^%D?\%,O^C:_V=/\`P\NL?_*VC_A9
M'_!3+_HVO]G3_P`/+K'_`,K:_1&BC_6/"?\`1)\,?^"<Z_\`GW_5_2Q_8F(_
MZ*'/O_!F6>7_`%*_+\6?G=_PLC_@IE_T;7^SI_X>76/_`)6T?\+(_P""F7_1
MM?[.G_AY=8_^5M?HC11_K'A/^B3X8_\`!.=?_/O^K^EC^Q,1_P!%#GW_`(,R
MSR_ZE?E^+/SN_P"%D?\`!3+_`*-K_9T_\/+K'_RMH_X61_P4R_Z-K_9T_P##
MRZQ_\K:_1&BC_6/"?]$GPQ_X)SK_`.??]7]+']B8C_HH<^_\&99Y?]2OR_%G
MYW?\+(_X*9?]&U_LZ?\`AY=8_P#E;1_PLC_@IE_T;7^SI_X>76/_`)6U^B-%
M'^L>$_Z)/AC_`,$YU_\`/O\`J_I8_L3$?]%#GW_@S+/+_J5^7XL_.[_A9'_!
M3+_HVO\`9T_\/+K'_P`K:/\`A9'_``4R_P"C:_V=/_#RZQ_\K:_1&BC_`%CP
MG_1)\,?^"<Z_^??]7]+']B8C_HH<^_\`!F6>7_4K\OQ9^=W_``LC_@IE_P!&
MU_LZ?^'EUC_Y6T?\+(_X*9?]&U_LZ?\`AY=8_P#E;7Z(T4?ZQX3_`*)/AC_P
M3G7_`,^_ZOZ6/[$Q'_10Y]_X,RSR_P"I7Y?BS\[O^%D?\%,O^C:_V=/_``\N
ML?\`RMH_X61_P4R_Z-K_`&=/_#RZQ_\`*VOT1HH_UCPG_1)\,?\`@G.O_GW_
M`%?TL?V)B/\`HH<^_P#!F6>7_4K\OQ9^=W_"R/\`@IE_T;7^SI_X>76/_E;1
M_P`+(_X*9?\`1M?[.G_AY=8_^5M?HC11_K'A/^B3X8_\$YU_\^_ZOZ6/[$Q'
M_10Y]_X,RSR_ZE?E^+/SN_X61_P4R_Z-K_9T_P##RZQ_\K:/^%D?\%,O^C:_
MV=/_``\NL?\`RMK]$:*/]8\)_P!$GPQ_X)SK_P"??]7]+']B8C_HH<^_\&99
MY?\`4K\OQ9^=W_"R/^"F7_1M?[.G_AY=8_\`E;1_PLC_`(*9?]&U_LZ?^'EU
MC_Y6U^B-%'^L>$_Z)/AC_P`$YU_\^_ZOZ6/[$Q'_`$4.??\`@S+/+_J5^7XL
M_.[_`(61_P`%,O\`HVO]G3_P\NL?_*VC_A9'_!3+_HVO]G3_`,/+K'_RMK]$
M:*/]8\)_T2?#'_@G.O\`Y]_U?TL?V)B/^BAS[_P9EGE_U*_+\6?G=_PLC_@I
ME_T;7^SI_P"'EUC_`.5M'_"R/^"F7_1M?[.G_AY=8_\`E;7Z(T4?ZQX3_HD^
M&/\`P3G7_P`^_P"K^EC^Q,1_T4.??^#,L\O^I7Y?BS\[O^%D?\%,O^C:_P!G
M3_P\NL?_`"MH_P"%D?\`!3+_`*-K_9T_\/+K'_RMK]$:*/\`6/"?]$GPQ_X)
MSK_Y]_U?TL?V)B/^BAS[_P`&99Y?]2OR_%GYW?\`"R/^"F7_`$;7^SI_X>76
M/_E;1_PLC_@IE_T;7^SI_P"'EUC_`.5M?HC11_K'A/\`HD^&/_!.=?\`S[_J
M_I8_L3$?]%#GW_@S+/+_`*E?E^+/SN_X61_P4R_Z-K_9T_\`#RZQ_P#*VO!_
M@EX0_P""CGP2U'XTZCI?P)^`NN/\:/C-XK^,VIQW_P`7+^V71=3\5V^F6]QH
MM@;?3B;BQM%TR-H;BXQ<.97#@`"OV)HKHI<71HT,5AJ7#'#,*&,5&.*IJAG#
M5:-"JJU)2;SER7)5BIKD<;O1W6AA4X<E5K8>O4S[/95L*ZCH3=7+4Z;JT_95
M+)98D^>%XOF36K:L[,_.[_A9'_!3+_HVO]G3_P`/+K'_`,K:/^%D?\%,O^C:
M_P!G3_P\NL?_`"MK]$:*Y_\`6/"?]$GPQ_X)SK_Y]_U?TMO_`&)B/^BAS[_P
M9EGE_P!2OR_%GYW?\+(_X*9?]&U_LZ?^'EUC_P"5M'_"R/\`@IE_T;7^SI_X
M>76/_E;7Z(T4?ZQX3_HD^&/_``3G7_S[_J_I8_L3$?\`10Y]_P"#,L\O^I7Y
M?BS\[O\`A9'_``4R_P"C:_V=/_#RZQ_\K:/^%D?\%,O^C:_V=/\`P\NL?_*V
MOT1HH_UCPG_1)\,?^"<Z_P#GW_5_2Q_8F(_Z*'/O_!F6>7_4K\OQ9^=W_"R/
M^"F7_1M?[.G_`(>76/\`Y6T?\+(_X*9?]&U_LZ?^'EUC_P"5M?HC7P+_`,%!
M?C-\3?A/X%^"_A_X466K3^)OCC^T!X1^#<]]H%[9Z9KVD:/J_A;QMXKO[O1=
M5U*WNM/TK4KL^#X='@U*[@D6S74I)H5-TL`)_K'A/^B3X8_\$YU_\^_ZOZ6/
M[$Q'_10Y]_X,RSR_ZE?E^+,C_A9'_!3+_HVO]G3_`,/+K'_RMH_X61_P4R_Z
M-K_9T_\`#RZQ_P#*VOAC_AICXI>-?!WQD\:>`OBW\4O"8_93\(^`GLO!'B34
M-&U?Q!XZ^(#?$34]`\::5X\U2>`1^*[#6KFP?P1X=N(TM;(W$:ZE:B.]=PGT
MS^UM\7?BC=>+/B!I/@[XL:I\)-,^#W[#OB?]J/3=3T)[$6?B+XA6E[XVL[6P
M\5R7$5RFI^$_"Y\%V;ZMH=OF.Y&OR"]&[[$"?ZQX3_HD^&/_``3G7_S[_J_I
M8_L3$?\`10Y]_P"#,L\O^I7Y?BST[_A9'_!3+_HVO]G3_P`/+K'_`,K:/^%D
M?\%,O^C:_P!G3_P\NL?_`"MK\R=$_:5_;I^+OP[_`&0_B[\./%.JZ/\`$3]K
M3]J'XL_"'XR?`S6[[31IWP6^#?P*\3_%G7?B#;>$Y]-FEM?"_P`6]$\'_"&?
MX?W7B22XO+.?QWXML%N8(_-MKBU^VOV4OVK?&'Q+\:^%_`GQ*\2Z[:>)[WX?
M6/P]\`W>GV<=WX,\=>.9?!OB'Q[K?COQ%K$,EK)<ZKJ>C?#SQ%<>!$M]-33M
M0\+>']9\51WJ-XRT^Q@/]8\)_P!$GPQ_X)SK_P"??]7]+']B8C_HH<^_\&99
MY?\`4K\OQ9ZY_P`+(_X*9?\`1M?[.G_AY=8_^5M=1^S3\?/VC/B'\8_BG\*O
MCA\+_AWX$;X;^&?#NKSWG@KQ=J'B22;4_%%R_P#9-C_I=O#$]J^GV.K7-Q<)
MAX+B&W@*LLVX87[-.E?M&_LT_!+XO>,OVP_B$OQ4O]"U/Q;XSLCX.LKC4;VS
M\*V&J^)=5FCL;.0PO=76I6D]K>V-@&$NGV1L]$>:=M-%Q+Y%X!_:A^$/A?X^
M_'KXO7&M7>J>%/B5X?\`V;-/\$0Z%9C5-;\0:AXJB\4PV%A8:5%.LD]Y:N\I
MU2WCD:2P%I>>:";=Q7L8%//LKSIX?A'*J4Z6$I1P6+RVAFOMHX^69Y71=*#K
M9GB:3F\)B:\^2=)^[>?PPE;S<5_PDX[+%6XCS&I&>(G+%8?&ULO]G+"1P6-G
M[2:IX"A44%B*%-.4:B]Y\N\T?K'17YG_`+=WC?XM_"S6OA]\1/A]XV\=Z#H^
MF>*O!NG>)/LTF@2?"G0=+UC7$TR_F^(.CR[M>UE=9BN5BL?LD;26$D'GVGSE
MZ\Z_98^,?QYT_P#:7L_A7\9+WXKF]\1_#+QEXP\>6'Q,L_#%IX6T3Q%I'C=]
M-T#4OAE=:/K%W/;>$[_29K;38K6[L[!+FX:.X96O3(*_/S[`_76BOP)^-OQG
M_;K\"?$V[\)^#5^*]Y\4OB)XM^)NDZ)X<U?2O"<WPEN/ASH%UH&H:3K/PL>+
M6X]1C\4Z7X7DUDK/J&G6D=]K-S8Q:G<JB(U>;W'[2'[7MU<_'[3U3]J30O@K
M^SU%XC?1?&\FG^!IOBO-XW;X9:%XXTZ/XI_:?$HM)_`GAO7;K4M-NX;;59C=
MV\$UGJ%FHCA%`']'U%?SH-^TE_P4%EU7X2F+0/B/'\4/VAOB+XP\&Z'I]S:^
M'[3X&:9\'9OAQXQ\=>"O%FB2_P!JW.IZ?\1K)-#\/Z5XAO9M&-M;:UX@DB:9
MK:&T\WZE_9R_:T\:ZI\9_"?PC^+/B3Q5O\.W7B'1M/N]/MH=6T_QAJ7C7Q=\
M0[#P#>>.O$D<UHEQI&AZ1\.]9\&Z3?Z79746O^.=(\2ZA<R1Z;'HMW.`?L51
M7Q%^QU\-?VL?A[=_%Z7]ISXH:!\1;?Q!XK@O?AU#HEM<0-H6CQR:H;Q+IIB?
M--ZMQIYB+`SQQVHBF=S&&;[=H`IZA=BPL+Z^9#*+*SN;LQ@[3(+:%YB@8@A2
MX3:&(.,YP>E?C7^Q9_P4C_:__;S_`&8_A=^UE\$/V"?AK;?"SXO6GB:\\*6_
MCG]M0Z#XI2'PIXU\2>`M4&K:18?LQZY:6;MKGA;4VM5AU2[$UBUK<.8I)7@B
M_8?Q'_R+VN_]@;5/_2&>OPY_X-EO^4'/["/_`&`/C=_ZTW\:J`/3)?@_\=)[
MKQQ>3_\`!*']DF6Y^)"Z@OC223]M&9CK?]K7L6IZHTJG]DXK;OJ&I00ZC=R6
MBV\D]]&MT[&8;ZV].\!_M(Z3X=@\)6'_``2T_94A\-V^A>(?#2:,?VU9YK%M
M$\5W,5[XCL9X)OV3I%N4UBZ@AGO9+@22RR0Q'S!L7$7[7_[0OQK^`_[3VH>.
M](\9:@?V>_AQ^SZVM_&'P&+2PFLM+L?$_B"[T2#XO6=U*BWUO?\`P\O8[#4]
M2@BGF@OO#@U:W%A/?-9S0<[X-_;[^)&G?#_]F.TTV\\%_$_Q-XF\#_!>]^,-
MO>:5XRNO$VE3_%TWECH'B+4_$^@QCP=X4_M&XL;N]T;3-6L]0N?%,5C?P6AT
MI8?M=`%E?@Y\=4\)6'@8?\$IOV4?^$7TS6)]?LM,/[;%V1#J]U!':W5Y]I/[
M*'VMWN;6*.VG5YVCEMU$+H8\J>RUCP_^U5XATS7M&UO_`()D?LPZGI7B6+0(
M-8L+K]MNXDMKFW\*VHL_#MND?_#)H%O#I%MF&RCM_+6%6;:,LQ/FWP+_`&QO
MC9_PJ#X-?&7]HX)J&NSQ_M@ZQJ.D^"9]4\'6-QH_P8N?&RZ=:^*O#,\B:7J-
MR=.T&Q33;F[@MXM,@*ZS+]HN9))6[W3OV]/CLNL:9X)O_AW\+M9\7?$+X<_"
M[XN_#36O#>I^)1X$L/"?Q6\03Z#I7A[QKJ3W6J33^*=("1ZK+<Z)-!I^M6.X
MVEI8!UF0`]ATCXG?\%`=`TFPT+1?V`?V?]-T?2[.&PT_3;3]N>ZBM+2RMXQ%
M#;0PK^R;M2*.,!0N,8ZYK\T=-_8:_:_T[]I]_P!H8?LH_!V?PW#X@_X2_3_@
M.W[6UTGA6P\02375Y!J$?C$_L]2136VGZ[+=ZW;>&T\$VT5M-=V<R:Q*\$T3
M_5OB#_@I1X^TKX3>*=>A\,>!'^+'PJ^(7QT\%_$#P;::!\1?$>D^)+3X!ZTF
MD>)=<\,7FARM_P`(1H>J,<6.O>.-1NXX+IUMH=+U5H;MH/HWP;XE^+/Q)^!G
M[4UU\.O%]MX7^)NK^)/'ME\+=9\3W_G:1X2U_5M(MV\+V9NKJVO8K2RM-2O8
M+6VE73KM+:5X[B/3KID%K+[F2\19KD$<RCEF(=!9K@*N78O1N]"JT^>GJN3$
M4TI1I5E[U-5*G+;G9Y69Y-E^;O`RQU'VKR_&4\;A];6JTTURST?/1GHZE)^[
M-PA?X4.E^,/_``40GB:"?]@OX"30N`K0R_MT74D3`$$!HW_9,*$`@$`@@$`C
MH*^>_&OPR_:#^(EOJMKXS_X)5_LGZ[%K?BRZ\<ZM]I_;2FCEOO%E_P"&['P?
M?ZU//;_LFPS-=W_A?3;#0[W]X([G3[2W@F1Q$FW#^$G[1OQJA^(7P:^"/A;5
M?%MAX@\/?&'Q]\-OVE/#O[0-[+\1/$%IXAT?X5>%?B996/@7XA:1)"GBCP_J
MGACQ"OBWPO<6]W!>K+>+H^L:?I?]EWFC66AX'_X*<?$/Q#\&OB#^T;>_`?5I
M?A!%\`/%7QU^'>H2:#XK\&_V9=Z5J7AS2_"_PT\?>(/$/V^VU76O$R^(QK&I
M^(O"V@V=GX.M=!\36&J:+=2:;:7^J>&>J;?BOP-^TIXWTK4]$\4?\$M_V5]7
MTS5M7\+Z]>6L_P"VO<*@UCP5X=M?"/A74+0Q?LG1MI]QH?A>S@\/V+V!M_+T
M@/8$-;RRH\:^`/VCTUGP3X@C_P""6?[*<6K_``YTK1M$\%WD/[:DL3Z'I?AV
M22;0+2W1/V35BE31;B::YTQKE)GL[F:6>%EED=CUGA_X^?'7Q]XW_9IL?B-X
M2U#X=S0_MB:AX._M+2]%\6^!]%^*7@B]_8V^/GC5/M'A'Q;=WNMV,>A>+[-=
M.O;.\U/5M/U&^\-:3XELI;-KQ=*TO;^-'CGXB?"7]KSPAXX^(_BOXB2_LY>,
M-=^"WP?^'D?PQ\2V;:#X)^+WC;Q+J^@WND?&OX<"U%]KVA_$&_\`$/@+3](\
M86UQK%QX2'FW$VE:%IIN?$)`.*N?#/[4U\/#1OO^"8O[,%])X0\1ZSXM\.S7
M?[;=S<7&F^(_$.J2:UK6K132?LG&1[K4M5D-[=-,TBRS)"2N(8@OMG_"Z/\`
M@HM_T8C\"?\`Q.R]_P#H3:^?/^"C7[7?C+X5>+_AEX.^#WB?QGI^M>%?#WB'
M]H/QM_PA/P[\:?$+1?%OA/P7<VFC:5\,/%>L^"O"OBVW\'V/CG5]4FO!J>KK
MI=O/IGA;7%BU.V^S321_J;X!\?>$_B;X0\,>.?!>M:?KGAWQ=X9\/>+M%O;"
M\M;Q+C0_%&EP:QHMX6M9ID$=[87$<T+ARDJ[C&[JI-`'Y;_$G_@HU^T1^S]\
M>?V.O@S^T5^QKX-\%Z?^V5\<1\"O!OC+X??M4+\39/#'B!?#NH>)I]4UWPW>
M_`3P&\^FQV&GR(BVNLK-+<.J8C4%Z_7JOP(_X+$?\GH_\$(/^TC-W_ZJ'Q-7
M[[T`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!11
M10`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%
M`!1110`4444`%%%%`'PS\:_VGOCCX5_:'TW]G3X"_LY^$_C/XC;X+P_&KQ#K
M?C3X]'X,:7HVBW?CC4/`UEI=A%#\)?B=/K5_-?:=-=S2,=+BM[=D4"9R2/+/
MB3J_[:OQ?\,3>#?B9_P3D_9P\9^&9KNTU!M(UO\`;BN[JV2_L',EE?0_\8G+
M)!=VKLQ@N(7CECW.%;:[`][;_P#*4G6/^S`_#G_K1'BJOOF5/-BDBW.GF(\>
M^)BDB;U*[HW7#(ZYRC#E6`(Y%`'X]0_"[]H"W?P/);_\$J?V3H6^'$%I:^##
M%^VG,@T6WL+Y]4L8HPO[)P%RMGJ<DFHVWVT7!BOG>Y0B5BQD\2_#3]H?QC9^
M&;#Q1_P2R_96UNS\'WNK7_AR"_\`VVKN=--GUW68?$.LHF[]E#,UKJ>M01:A
M>65P9;2>X0,\!&07?#7]H'XP^,/%FC?L^:UXNU1_'W[.(^/.M?M&:K;ZG:Z=
MK_B/PYX4CU3PM\%KF[6QM$N+:P^*%O?7OC6SO88]/GAF\+6,T;3*[!O1/#?[
M4WQ@GTI]'^'N@>!]8TKX/?L]_#'XF_$6]^)WBSQ-?^.O%MYX^T#7;_2].\.S
MVBN[W$$>A)_Q.M<_M27Q?KMU<^'[6+2+FTEU20`\]B^'7[1UOXF\<^,[+_@E
MQ^RWI_BKXCZ-XIT'QCKVG?MN7=CJ.KZ=XVM8;/Q:AFM_V3XQ:W'B&&WA.K7E
MFL%W>RIY\\SRN[MV5A%^UYI?C?3/B1IO_!-']F*Q\<:-X=L/">E>([3]MB6#
M4-/\/:7:7^GZ;I=H\?[):I!;V&G:KJ>GVGEHKP6%_=V:.+>>2,V_%/[?OBJV
MNO#/A_P5X)\%Z]XE\6?!_P#8K^(&FF_\2WUOH]OKG[77[0;?`^&QU"33H-0N
MX=&\-P-#XGM+B-);G58V-L"D;+<5QES^T9^TYXO\0_#I=%T;X8Z;\5_A]XI_
M:R^'/Q"TQ]8\8#X1^(I?A+%X+NH/%>GZ3%(OB/.JZ/>VPTO0]1U:YD\-ZMJU
MZSZWK-K88U(`]RNOB[_P4.OK6XLKO]@OX"W%K=P2VUS!+^W5=O%-!,C1RQ2(
MW[)I5D=&964@@@D5^9_P/_8A_;$^"/Q]OOC?:?LL?"+Q=ID&HW^L>"/A'J/[
M7%YI7A_X=:A?3Z@VG367B8_L\ZK'XG.@Q7NI+I4'_"+>'O['&HVIBGO98)I'
M^R?A+_P4CU3XU:Q^RYK_`(+\/>&Y/A]\>/!WP$UGQ7H+Z+XYNO%7P]UOX_?#
MG2_B)H.EZEX_@2+X>6^K:1INK6<TOA#[+J&K:EH]Q;:Q)JFC"\T^SO=CXZ^/
MOC+\)OVCM3\4>)/$GCB3P!XM33O`GP%N?`_B:QU#X<^'OB!?^'[Z8^%/C?\`
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MB337(`]QMOVW/B[XG^/%Y\//"'P/U2\\$^'?%'A#P3XX:?0/%G_"3>'KOQ1X
M<37M4\43^*HEC\&Z?IGA4W%O:-HT]G=W>NNMW+:ZQIYMO(D\,]4X&3P-^TQ-
MK'C+Q!-_P3`_9BEUOX@6ES8>+M5E_;BU&2^U>SO)(Y;JV>X?]E-I+>*YDAB>
M9;0P>847?D`"LVX^%W[0EWH7AKPS<_\`!+']EF;0?"-_<:IH.E2?MNWS6=KJ
M%W+%/=74T1_92Q?2W$L,;S&^^T"0H`P*\5ZYX>NOCOX]_8$\%7/PP\67+_%'
M6I[U;G4-1\6-X;\2>(]%@\?>(HM8T/P]XTN;74I-"\57VCV_V70=5-O(;66"
M.,2VL9-S!KZ3^U=X6\%_L0^-?C%8ZK\0+C7?A_H7BWP[:Z%\6KFTUWXFK\2-
M*U23P?I/AC5'\/-KDOBVX/C6>PTBVU/2!KMQK:/YEN;ZY<Q$`\TTO0_VK]%\
M8:_\0-)_X)G_`+--AXS\365YIVK^(K?]N._74IK/4(Q#>PV\I_91(LA<QJB2
MM9K`S+'&N<(!3K;1?VK;37/`_B:V_P""9/[,$7B#X;Z5;:)X(U=/VVIQ?>'M
M*LTU..SL[&<?LFAA%:#6M8:V$F\PR:I?R1E9+J5F[/\`X)Q_M">(OB1X(^)'
MP\^*7C7Q5XM^(OPD^(!TJX\3_$/P)XM^&'B'Q-X7\;6%MXN\%W@T'QQX=\):
MC=I9:?JC>&7U&ST:"QN]2T2^BM@SPR8_2R@#\T_V./V^_&7[2'[4_P"VK^R#
M\4/V?K+X(?%3]B:P_9PU#QE=:#\7X?B]X4\61?M)>"O%'C[PXNA:L/AW\.KR
MT?0M!T"S&J?:]+D$U_JDEM!MCT_[1>?I97X#_L#?\IX/^"__`/V+/_!*;_UF
M'QU7[\4`9^K6LE]I6IV,)19;S3[RUB:0L(UDN+:2%#(55V"!G!8JC,%R0K'@
M_A#_`,$QOV<O^"HG_!.G]ACX#?L93?L^?L+_`!?D^"FG^.+%OB-%^W=\=?`:
M>)?^$R^)WC;XC"5?";?\$Y?&+:1_9P\8#1RA\2:G]K.GF_W6PNOL=O\`O=10
M!^:.LR_\%`O$5WKE_K_[`7_!/76KSQ/X9D\%^(KC5/\`@H)\9+Z77/"4TDDL
MOAO57N?^"7$AOM$EEED=]-N3):,TC,T1+&O,$^#/[4D>H>!]5C_X):_\$O$U
M+X9Z1HF@?#V^3]MWXF+<^"]%\-@#P_I7AJ9?^"5H?2+'1`,:5;61ABL`6^RK
M%N;/Z^T4`?E7H?A']M7PSJ=[K7A[_@FY_P`$V=%U;4=2US6+[4=,_;R^+-G=
MW6J>)[)].\17\\T'_!+-'DNM<L))+35IF)>_MY'BNC*CL#E^"_AM^U[\.+:_
ML_`/_!,G_@F9X-M-4UNT\2:C;>&_VZ/BIH\%YKVGO))8:O<16/\`P2QA26_L
MI)I9+2X<&2W>1VB*LQ-?K110!^/_`(F^"O[4'C.-HO%O_!++_@EUXDB?Q+XJ
M\8O'K?[;GQ,U..3Q7XXE6?QCXAD2[_X)6RK)K'B>=$FUV_<-<:G*B27<DKHK
M!-2^,'[4J>+[[]DK5?V`/V*)_&?Q,\"ZQ\2M3\'#]M/XAW?P;\2?#Z#4HO#&
MMOXJ\0S_`/!.^'6)?%4VIF""'PZWPTU72+S24^UW'BNUN(TTUOV!K\[O$O\`
MRE+^&?\`V9EXU_\`5JVE>]D&"PV-J9K'$T_:+#9#F^-HKGJ0Y,3A<+*I0J?N
MY1<N2:OR2YH2VG&2T/)S?%5\+#`.A/V;KYOEV%J^["7-0KXA0JP]^,N7GB[<
MT;3CO&2>IXOIWP?_`&JM(\,>'?!>E_\`!+K_`()@Z=X3\(^,X?B-X8\/6?[<
M/Q0M])T'Q[;F4P^,=*LHO^"5ZPV7B5!/,HUF!4O]DLD9G*.RG1\/_#;]K[PI
MJOC?6_#7_!,K_@F9H>K?$JPU32O']_IG[='Q4L[CQCIFN327.M:=XC>'_@E@
MAU:QU>XFDGU.TO?.@OI6,ETDK<U^M%%>">L?E!X&\!_ME?#.QTG3?A]_P36_
MX)K^#;'0O%EQX[T:U\._MX_%K2HM+\:7?AN_\'7/BJQ6T_X)9Q"VU^?PIJNI
M>')-5BVWK:)?7>FF;[)/)$RZOX#_`&R?$'Q+L/C+KG_!-/\`X)IZO\6-+BMH
M=.^(VH_MV_%:\\964=G!=6MF+;Q#/_P2Q?5(3:6U]>06K)<AK>&ZN(X2B2N&
M_5ZB@#\N?"VB_MS^"&U-_!__``3L_P""<WAI]9T6W\-ZL^B?M]?%_3FU+0+2
M_P!<U6VT:]:U_P""6T9N=-AU+Q-XAOX[.7=`MWK6I7`3S;R=GN>"+7]O7X:F
M\;X??\$]_P#@G;X+;4;#1=*OV\,?M_\`QAT5KS3?#D5U!H%A<G3_`/@EO`9[
M318+Z\@TN"3='8Q7,T=NL:2,#^G5%`'X9_M%?LL_\%"OVP_VF_\`@G7\4/B3
M\)?V0/@E\/\`]C']I\_'KQ?<>"_VN/C!\:_%WB_1YO!NK>%9M"\.^'-:_8B^
M"6D6VHQ/J$=['<:CXNCMIEC>!A`2):_<RBB@`HHHH`****`"BBB@`HHHH`**
M**`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHH
MH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`_/#XT_#C]K
MCPW^U]8_M'?LZ?#']GOXM>']2_9NL_@GXA\/_&/]HKXA_`+5]&UG3?B?JWCN
MWUG1YO!O[+O[1EGX@TV[LM26RFBO'\.7-I=1,Z+=Q."NI_PLO_@J!_T9G^PU
M_P"+'?CG_P#2OZ^^Z*`/S)L8?V^-,\4^-/&^G_\`!/C_`()W67C#XCV.EZ9X
M_P#$]K^W]\88==\9Z=HEE)IND6/B?5(_^"6RWFMVNF:?+)96,&HRW$=M:R/!
M"J1,5/,ZKX'_`&S=<USP5XFUG_@FO_P36U3Q#\.;*WTWP'K5]^WA\6+K4O"6
MG6F\V=CH%Y-_P2S:?3+2T:61[2WM7CBMI)'DA5'=B?U<HH`_(/P=\&_VIOA\
MUV_@?_@EO_P2^\)O?7WA74[M]`_;?^)VEO<:AX&\30^,_!EW*]I_P2NB9Y_"
MOBVVM_$GAZ0G=I&M00ZC8^1=1)*/1;2']OFQU"YU:S_X)]?\$\+;4[S4/%&K
M75_#_P`%`?C&EW<:GXVCL8?%^H2SK_P2W$CWGB:'3-/BURX+&74H[.W2[:58
MD`_3>B@#\?=`^"?[3_A3Q!X.\5^&?^"67_!+K0/$OP\\/>%O"?@37=(_;=^)
MMAJO@_PWX(L%TKP?HGAN]MO^"5L=QH^G>&M*1=,T2UL7@BTW3@+*U6*V_=US
M1\6_'C7/VIM1TE_^";O[!]Y^U]H'@"P^(VI>/=0_;"\='2H_ASJ-U=>"]/?3
MOBM_P[KN?&UUXM^U37FFW7A^?P%8:7;Z!,TT/BVZDE?2E_:>OSN\.?\`*4SX
MD?\`9EW@W_U;-W7NY)@\-C*>>RQ%/VCP618G&X9\]2'L\33Q>!I0J>Y*//:%
M:HN2?-3?-=Q;46O)S7%5\-/*51GR+%9MA\+7]V$N>A/#XJ<H>_&7+>5.#YH<
MLU:RDDW?PB[^!?[3%_I.F:#>?\$K?^"7%QHVBZ]J?BC2--D_;<^)K6>F>(=:
MN5O-7UBPA_X=7;+6_P!3ND2>^N(0DES*B/,6*KCJ[_P+^V7JGCS1_BCJ/_!-
M;_@FK>?$;0+>TM=%\;S_`+=_Q8D\3Z9;V$306,-GK1_X)9?;X8[*!WAM$6<+
M;Q,T<(1&(K]7:*\(]8_+7Q!X>_;A\5_#_P#X51XD_P""='_!./7/AGN#CP'J
M?[?'Q>O/"B.M[+J*NFAS_P#!+5]/1UOYYKQ72`,MS+),"'=B<"Q^&O[7NEV?
MAK3]-_X)D_\`!,NQL?!UAI^E^%+2T_;H^*D%OX>TW2M6?7M.L='BC_X)8*MA
M:V6MR/JUO!;"..+46-XBB?YZ_6FB@#\O-<TG]NKQ+XAD\6^(/^"=_P#P3HUG
MQ/+_`,(QYNOZE^WY\8+O5Y?^$+U&]U?PEYE_-_P2V>YD_P"$;U34;_4-%W2'
M^S;N[GGM?*DD9CZ1_P`++_X*@?\`1F?[#7_BQWXY_P#TK^OONB@#\@/V#_V0
MOVI_AA^WM_P4J_;8_:2T7X#^";?]MO2OV-].\$_#CX+?&#Q[\:)O"#_LU?##
MQC\./$4GB?Q9XU^`OP#29?$/]J:+K.C#2_#EP8?/U/3KTQ_V=;7VJ_K_`$44
M`%%%%`!1110`4444`%?G=XE_Y2E_#/\`[,R\:_\`JU;2OT1K\[O$O_*4OX9_
M]F9>-?\`U:MI7U'"W\7//^R7S_\`]0I'@Y__``\K_P"Q]E'_`*E1/T1HHHKY
M<]X****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB
M@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`
M"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"OSN\.?\I3/B
M1_V9=X-_]6S=U^B-?G=X<_Y2F?$C_LR[P;_ZMF[KZ?AO^#Q/_P!DQC?_`%.R
MT\'//XF1?]C["_\`J+CC]$:***^8/>"BBB@`HHHH`****`"BBB@`HHHH`***
M*`"OSN\2_P#*4OX9_P#9F7C7_P!6K:5^B-?G=XE_Y2E_#/\`[,R\:_\`JU;2
MOJ.%OXN>?]DOG_\`ZA2/!S_^'E?_`&/LH_\`4J)^B-%%%?+GO!1110`4444`
M%%%%`!1110`4444`%%%%`!1110`445EZX]I'HFL27]Z^FV*:7J#WNHQW*V<E
MA:+:3-<WJ7C`K:/:PAYUN6!6`QB4@A<4`:E%?@QX(UO09-?_`&I?AMJ/Q!M)
MO#4MU\./%G@;1I?VD]_@34K_`%?3M2M9X=0^+8O`-`U[Q!=6T^J:EX*M[V!D
MBAM[Z**)&,==SX8^+MY=?\$_?@GX8U'XO^(9/$DOBCX4>%OB]XJN?$"'QEI?
MP\UCX@W&AZIJ]SXCB"W$?AO5Y-,_X1VW\;NL,-]I<UQ=+=1%VG0`_:ZBOYDO
MBU\=?BQX1\,_%'P!\/\`6/C,?@9\&OVE/".N?#/XMZ#<WWBRR\?:-K'QC^'_
M`(5_X5Q9^-!<2-?^%O#/]J?$"TN5EN+A-3D;PE;VUY.L4N[USQW\4?B]\`O%
MVOZ3XX\5^(OB/X`\5>-/#MSX]N]"\1R:%(VM>'M(^-GQWT_P=<>(=:E&G^"=
M>\;^`?#^@V7B_3+)XH+>R\'^&O"EHJ:E\1X9(0#^@WS8C*8!)&9EC65H=Z^:
ML3LR)(8\[Q&SHZJY&UF1E!)4@25\&>`_V</'L_[7>N_M:M\;/$UY\,/'/P^\
M'0^'_@M?6TUM9:+<KX?UZUE%U&TOE)'9/K2ZQ8X073ZGK&MPWZ&.RTEX_O.@
M`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"
MBOQ?_;N^+GB?P7^T)!+KB6&L_#?X;_#'P]XXTKP)=?$75?A_JGBSQ-?^.=-T
MN\G\)6FE303^,O%&G6LD<-GHTK7-JL-Q-YUG)O#+YY^RC^U%+:_'VV\1_&^6
MQAUKXI:[\:+"^UZ[^)UVTOP@T;P-J4<6A:'X]\!7=U#HO@S1=6MIM+L/#=U)
M:QWEYK5XP-S*+A$`!^\=%?SF?&7X@?M"_"#XK>,I_!6OWWB7X@:B/C[JGB/Q
MAH/QATOQGHC?#X:;I\GA#^T_AQIZW,OP\N?!'VEGTFYO4MG^T"X<F]"%4J^%
M?$WQ4U"2Y7X>>([--4^&/B_X>1/'X6^*GB+Q]IOQ6^(7CBP\(>-(O[$U*>ZN
M89M7FT2+5_#7CS1F9M*\-VUSJ.JQVL$EOY=`']'4DD<2-)*Z1QKRSR,$1<D`
M;F8A1DD#D]2!3\U^*_PX7QS^WC^RYXP\%>"_B;XW^#WQ/D\>>'?'WB?XA_;;
M;4I]2;Q'IS:XVD:?IUK*1X/M+&'48K!/"5TIO-*72K:*^5C<&6OUQ^&GA;4_
M`_P]\%>#M9\077BO5O#'AG1="U'Q+>Q^7=Z[>:9806EQJMR@9]L]]+$UQ*-Q
M^>0\T`=O1110`4444`%%%%`!1110`4444`%%%%`!7YW>'/\`E*9\2/\`LR[P
M;_ZMF[K]$:_.[PY_RE,^)'_9EW@W_P!6S=U]/PW_``>)_P#LF,;_`.IV6G@Y
MY_$R+_L?87_U%QQ^B-%%%?,'O!1110`4444`%%%%`!1110`4444`%%%%`!7Y
MW>)?^4I?PS_[,R\:_P#JU;2OT1KX7^.W[,GQD\<?M">$OV@?@U\:M"^%6O>&
M_A3J'PMN(-8\`6WC9KZQU/Q/-XCNKB-=0OX;&!7?[)"`;-[A#;LR3JDK)7TO
M"]?"4<7F-/&8RA@*>,R/-L#3Q.)CB94(8C%865.BJBPM#$UU&4W9RC1GR[O0
M\3/J6)J8?!SPV&JXN>&S7+L7.A0E0C5E1P^(C.JX/$5J%)RC'6TJL;]-3[HH
MKX&_X4W^WY_T>7X&_P#$?/"G_P`E4?\`"F_V_/\`H\OP-_XCYX4_^2JG^PL#
M_P!%7P[_`.`\0_\`T/\`]?)C_M;%_P#1/9U_X%DO_P`^3[YHKX&_X4W^WY_T
M>7X&_P#$?/"G_P`E4?\`"F_V_/\`H\OP-_XCYX4_^2J/["P/_15\._\`@/$/
M_P!#_P#7R8?VMB_^B>SK_P`"R7_Y\GWS17P-_P`*;_;\_P"CR_`W_B/GA3_Y
M*H_X4W^WY_T>7X&_\1\\*?\`R51_86!_Z*OAW_P'B'_Z'_Z^3#^UL7_T3V=?
M^!9+_P#/D^^:*^!O^%-_M^?]'E^!O_$?/"G_`,E4?\*;_;\_Z/+\#?\`B/GA
M3_Y*H_L+`_\`15\._P#@/$/_`-#_`/7R8?VMB_\`HGLZ_P#`LE_^?)]\T5\#
M?\*;_;\_Z/+\#?\`B/GA3_Y*H_X4W^WY_P!'E^!O_$?/"G_R51_86!_Z*OAW
M_P`!XA_^A_\`KY,/[6Q?_1/9U_X%DO\`\^3[YHKX&_X4W^WY_P!'E^!O_$?/
M"G_R51_PIO\`;\_Z/+\#?^(^>%/_`)*H_L+`_P#15\._^`\0_P#T/_U\F']K
M8O\`Z)[.O_`LE_\`GR??-%?`W_"F_P!OS_H\OP-_XCYX4_\`DJC_`(4W^WY_
MT>7X&_\`$?/"G_R51_86!_Z*OAW_`,!XA_\`H?\`Z^3#^UL7_P!$]G7_`(%D
MO_SY/OFBO@;_`(4W^WY_T>7X&_\`$?/"G_R51_PIO]OS_H\OP-_XCYX4_P#D
MJC^PL#_T5?#O_@/$/_T/_P!?)A_:V+_Z)[.O_`LE_P#GR??-130PW,,MO<0Q
M7%O<120SP31K+#-#*A26*6*0,DD4B,R21NK(Z,58$$BO@O\`X4W^WY_T>7X&
M_P#$?/"G_P`E4?\`"F_V_/\`H\OP-_XCYX4_^2J/["P/_15\._\`@/$/_P!#
M_P#7R8?VMB_^B>SK_P`"R7_Y\GU>OP9^$2:5=Z$GPO\`A^FBW]]#J=]I2^#]
M`73KO4K=&C@O[FS%@()KR"-WCAN9$::*-F1'5216Z/`7@86ESIX\&^%EL;S2
M+;0+NS7P_I2VMSH=F\DMIH]Q`+013:9:RS2R6UC(K6T$DCO%$K,2?C/_`(4W
M^WY_T>7X&_\`$?/"G_R51_PIO]OS_H\OP-_XCYX4_P#DJC^PL#_T5?#O_@/$
M/_T/_P!?)A_:V+_Z)[.O_`LE_P#GR?:UMX/\)V6@P>%K/PSH%KX9M6MVM_#]
MOI%A%HL#6EW%?VK1:8ENMDC6]]!#>PLL(:.ZBCN$(E17$%[X%\%ZG9ZAIVI>
M$_#NH6&JZI_;>IV=]H]A>6U_K!C2'^T[N"X@DCGO_(C2`74BM,(%6$/Y0V5\
M8?\`"F_V_/\`H\OP-_XCYX4_^2J/^%-_M^?]'E^!O_$?/"G_`,E4?V%@?^BK
MX=_\!XA_^A_^ODP_M;%_]$]G7_@62_\`SY/OA55%554*J@*JJ`JJH&`J@8``
M`P`!@#@5QUK\1/`UYXSU+X=VWBS0I?'6D6-GJ>H^$QJ%NNNVVGW\<DMK>'3W
M=9Y8)(HGD:2%9!"A1YO+66(O\EP_"?\`;MCB1)?VM/A]/(HPTS?`;0T:0_WB
MD6II&I[850..E?F3^UI\'/VI_B)\8O"W@KPAXRC^)'Q_\.OHNJM\0O!GP>@^
M%=AX!T2XE\ZVGU_XK0WP^UPX"W*>'K*'5))TBD=(S/:-;UZV1\)Y;FN-GA:W
M%.44Z:PU:K]9H1S3V>%=/D:Q&+^NY7@Z,<(N;DJREB:$U*<.1SFE1J<&:\08
MW`86.(I9%F,Y^VI06'JRP'/B.>Z='#_5L?B*CQ+^*"C1JQ:A)248WJ0H_M8_
M';_@J#\6/^"N/B3]@K]B/]IGX)?LZ^!_!7["O@3]J+5M1^*OP&L/BY-J^NZW
M\9?$GPUU73[2Y^WZ;J-F)K<Z%=0H\[VD`T^Z"Q>;>%U[/_AE_P#X.'_^DI/[
M&7_B#Z?_`#4UXY^R5X<^*WA'_@X1^(?A[XW^,['X@_$ZP_X(R_#@:_XJTVQ&
MGVMW"_[6ET+&R,?#7ESIX2>.YU>5(IM4>07$L,;#;7]+5?'8NC##8FOAZ>)H
M8R%&K.G#%8;VOU?$1BVE5H^VIT:OLYK6//2A*V\4?1X>K*M0I5IT*N&G4IQG
M*A7Y/;47))NG4]E.I3YX[2Y)RC?9L_`C_AE__@X?_P"DI/[&7_B#Z?\`S4T?
M\,O_`/!P_P#])2?V,O\`Q!]/_FIK]]Z*YS8_`C_AE_\`X.'_`/I*3^QE_P"(
M/I_\U-'_``R__P`'#_\`TE)_8R_\0?3_`.:FOWWK\>/V@O&7Q&^'_P"TSXO_
M`&:M$\1Z_:#]M34?A?XA^%&JFYEO$\)1>%YDM/V@M-T6%+B&?2K6'PAX4M]1
MEO4<6]GK/Q"TV1%:5@A`/#_^&7_^#A__`*2D_L9?^(/I_P#-31_PR_\`\'#_
M`/TE)_8R_P#$'T_^:FO9;W]I+Q-\/]5T;X?:=XQ\'_`/PSXW_:$_;!TW7_CO
MXTATR_\`"VE7GP1^(VEZ;X=\%WDGBW44TB'Q-\4=+U#6M0C+L)7M?">N?V(E
MM=(C)7\$?\%"?B)J.J^!/A_XEU7X;M\5M2_:6_;:^''BSPCI0A&KV'PJ^"FB
M?'3Q/\$/&,NA+J-[J&C0>.O"_@KX?^([:^U%EAU_3-:N;C3S)&TA@`/'I?V9
M?^#AJ!0\W_!4[]BZ%&DAA5I?V(HHU:6XE2""(,_BH`R33R1PPH#NDED2-`SL
MH,G_``R__P`'#_\`TE)_8R_\0?3_`.:FK?CKXW?M0>+K70OAGXZ\?>"K_5_%
M]C_P2G_:'\#^(=#\&2:+#X%\3_%_]M2P\'^+/"]U96^I9\3^$K3_`(1'0M0T
MB/4I3JCFXUJRU6^OK*ZM8+39^+W[>GQB^%7PNU#POK/Q/T&U^.7@SQU^T;HE
MCXGD\$^$M'\)?$O1/@1JO@]+23Q!)XHU/3]`TG6M7M_'6@:=?^$?!$B^+O$;
MC5=4\'6.GVFE:@]H`<W_`,,O_P#!P_\`])2?V,O_`!!]/_FIH_X9?_X.'_\`
MI*3^QE_X@^G_`,U-?0W[?_Q3\?>./"/P-^!7PPL?BE/X^^+>@7OQ@\5#X'7-
ME;>-/"_@OP%H-AJUKJ-O)J_B#PY;#1-1^)VM>!?"^IP3ZR+FYT?5;\16M]Y4
MR#F]!_;Q\?>.I/A_?'QSX&^$7V'X!V'CW5O!_BRPT>?6_C%\9-)U?5O"/Q$^
M$'AF35+^TEBOO"'B_P`/7VCWEGX<+:R]WJVES1RM9!C*`>._\,O_`/!P_P#]
M)2?V,O\`Q!]/_FIH_P"&7_\`@X?_`.DI/[&7_B#Z?_-36_X?_;P^.VL>'6UG
M2OBQ\(/$*>,O@U9_%/6UN6\&>&F_9M\53^)M'TF\^#^O:[?79\,OXSAM;[4K
M#3]*^(<D&H7&OZ3.9YAIROM]Q^/'CW3?CO\`L8_!3XFCXT>&/"NGZEX@TOQ;
M?P_&;4Q\%?#OQCMO#<NKP:IX!\0:CI^HZ?;:!)K$UJ9-.N]*N[[2+Z6VAU#3
M[74]-GA!`/F__AE__@X?_P"DI/[&7_B#Z?\`S4T?\,O_`/!P_P#])2?V,O\`
MQ!]/_FIKZ:\6_MBZ"_[!NC^(/ACX?\46'Q4^(7@OPIX/\#?!J#Q!I>J?%?3K
M[XBZG=>%].NM,N-5U&QBOWMM)M=>\2^&-8OKNSMM3M-)MI4EB:157>_X)\_'
M%=)\%ZY^SQ\8-4\8>&/B7\*OB;/\-_#6G?&>6SL?B%XO\/Z[HA\<>`)I)H=:
MU_3_`!!K%YX/DDN;N72M=U1M]E=K/]GFMYK>(`^1_P#AE_\`X.'_`/I*3^QE
M_P"(/I_\U-'_``R__P`'#_\`TE)_8R_\0?3_`.:FOWWHH`_`C_AE_P#X.'_^
MDI/[&7_B#Z?_`#4T?\,O_P#!P_\`])2?V,O_`!!]/_FIK]]Z*`/PA_9HB_X*
M]?#7_@H%\'O@C^UW^VA^SO\`'7X/>*_@#\>/C7XB\/\`PW_9IMOACKMTOPVU
M[X5_#G1M)M?$/]L7]S:3GQ7\:/#WB66>-?(FTOPQJ6E2Q,^IPS0?N7?:WHVF
M7.G66I:MIFGWFL7/V/2;2^O[6TN=4NPC2&UTZ">6.6]N1&K/Y%LLLNQ6;;M!
M-?FO\?E^)#_\%"_A,OPBF\-0?$4_\$\?VQ/^$7E\70W<^@+J/_#1'[#VS[<E
ME)'.H*[A#)B:**8QR3VUS$KPO^<_PJM/VMK3]J?=^T#)X&_X:(GU;R?A;>_&
MJR\97G@F[*"1HE^%%UX9O8?!T5X%66:&W>TLM4MH9-F%>X:`?7\-\*PS_"9I
MC)YM@L'_`&;0G56"E)SS#$M0YE5AA_=Y<#1^+%XM2J.A",G[&6Z^<SO/Y91B
M,OPT<NQ6)^O5HT_K44HX.C[R3ISJW;>+J_#AL.U!5IM+VBV/Z*]=\#^#/$]]
MI>I^)/"7AO7]2T287&C7^LZ'INIWNE3JP=9=/N;VVFFM)`ZJX:!T(=5;[P!&
M5-\*_AE<7FLZC<?#SP1/J'B,(-?OIO"NAR7>MB.:*YC&JW#V)EU`)<003J+I
MY<30Q2??C4CY.V?\%&?^?G]E_P#\`/'/_P`LZ-G_``49_P"?G]E__P``/'/_
M`,LZX?[`7_0\X?\`_#A/_P"9OZMZ'7_:[_Z%6<?^$<?_`)>?8%A\/_`FEWVL
M:GIO@SPM8:CXBC:'7[ZST#2K>[UJ%P5>'59XK59;^)P2'BNFE1@2&4Y-1:-\
M.?`'AQ+.+P]X*\*Z%%I^H7.K6,6CZ#IFFQ6NJ7D1@NM1@CL[:%([Z>%FBDNE
M7SVC8H7VDBOD39_P49_Y^?V7_P#P`\<__+.C9_P49_Y^?V7_`/P`\<__`"SH
M_L!?]#SA_P#\.$__`)F_JWH']KO_`*%6<?\`A''_`.7GVIHWAOP]X<%ZOA_0
MM(T-=1NWOM072=-L].%[>NJJ]U="TAB$]PRJJF:7<Y557=@`5M5\([/^"C/_
M`#\_LO\`_@!XY_\`EG1L_P""C/\`S\_LO_\`@!XY_P#EG1_8"_Z'G#__`(<)
M_P#S-_5O0/[7?_0JSC_PCC_\O/NZBOA'9_P49_Y^?V7_`/P`\<__`"SHV?\`
M!1G_`)^?V7__```\<_\`RSH_L!?]#SA__P`.$_\`YF_JWH']KO\`Z%6<?^$<
M?_EY]W45\([/^"C/_/S^R_\`^`'CG_Y9T;/^"C/_`#\_LO\`_@!XY_\`EG1_
M8"_Z'G#_`/X<)_\`S-_5O0/[7?\`T*LX_P#"./\`\O/NZBOA'9_P49_Y^?V7
M_P#P`\<__+.C9_P49_Y^?V7_`/P`\<__`"SH_L!?]#SA_P#\.$__`)F_JWH'
M]KO_`*%6<?\`A''_`.7GW=17PCL_X*,_\_/[+_\`X`>.?_EG1L_X*,_\_/[+
M_P#X`>.?_EG1_8"_Z'G#_P#X<)__`#-_5O0/[7?_`$*LX_\`"./_`,O/NZBO
MA'9_P49_Y^?V7_\`P`\<_P#RSHV?\%&?^?G]E_\`\`/'/_RSH_L!?]#SA_\`
M\.$__F;^K>@?VN_^A5G'_A''_P"7GW=17PCL_P""C/\`S\_LO_\`@!XY_P#E
MG1L_X*,_\_/[+_\`X`>.?_EG1_8"_P"AYP__`.'"?_S-_5O0/[7?_0JSC_PC
MC_\`+S[NK\[O#G_*4SXD?]F7>#?_`%;-W71[/^"C/_/S^R__`.`'CG_Y9UC_
M``*^"?[2=A^UAXT_:"^.T_PODM=<^!FE?"W3$^'MSK4;"[TSQG%XCB:ZTS5X
M9F2/[/)>![Q-2?>_D1+:)AI#ZN6X/#Y7A.(*M;.,FK/$Y#B<)0HX7&2JUZM>
MKB\!4C"$)48*3Y*4V[2O:+=K'G8[$UL?B,GA2RW,Z:H9O0Q-:K7PRA2IT:>&
MQ<)2E)5)6]ZI!;;L_0:BBBOB3ZD****`"BBB@`HHHH`****`"BBB@`HHHH`*
M***`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HH
MHH`*8(XU=Y%C19)`HDD"*'<)G8'8#<P7)V[B=N3C&33Z*+@?A=^UW_P3&_;8
M^(O_``4#U']OK]BO]OWP=^R/XO\`$'[+OA+]E_Q-H'B?]ESPU\?3JOAGPU\1
M/$/Q&GO8KOQ=XSTS2M/^WZKJ6CJJ6N@+?VPTB4?VG+;W\MNG,?\`#$G_``7V
M_P"DX7PA_P#%9WP5_P#FTK]^**`/P'_X8D_X+[?])POA#_XK.^"O_P`VE'_#
M$G_!?;_I.%\(?_%9WP5_^;2OWXHH`_`?_AB3_@OM_P!)POA#_P"*SO@K_P#-
MI5*;]A+_`(+RW%Y::C<?\%M/@K/J&GI<1V-]-_P3%^!\EW9)=B,726MP_C$S
M6ZW`BB$ZQ.@E$:!]P48_H%HH`_GMO_\`@G__`,%U-5MC9:G_`,%I?@3J%H;Q
M]1-K>_\`!+SX$W5N;^5WDEO3#/XN>,W<CRR-)<%?-=I'+.2S9CC_`."?7_!<
M^+4)=6C_`."T/P&CU2<J9M23_@ES\!UOI2EK)9*7NAXM$[%;.66U&7/^CR/#
M_JV*G^A:B@#^?4_L%?\`!=XM&Y_X+7?!`O%%I\$3G_@F#\#"T<.DW)O-+A1O
M^$ORD6FWA-U8HI"VEP3-`(Y#NJE>_P#!/G_@N?J2JFH_\%H/@+?HMW-J"K>?
M\$N?@/<JM]<J$N+Q1-XM<"YG4!9IQ^\D``=C@8_H7HH`_E^/P-_X+PQ_M06W
M[/H_X+(_!X:H/@[/\1XO&P_X)N?`T>3IW_"20:&_AJ/3!XB^T+')+%%>M<KJ
MBP9ACC-D6595[+Q3_P`$MO\`@M7XR\5_#WQIK_\`P6@^#USKGPNU;5M=\&-!
M_P`$V?A#8Z?I^K:Y9W-CJ5]<Z39^.H--U.:>&\N6#:C;7/E3RM<Q[9_WE?J+
M+_RD]M?^S1;C_P!6-'7Z%5[>=X/#X/\`LCZO3</K628#&5_?G/GQ%=UO:3]^
M4N7FY(^Y'E@K>[%79YF68FMB'F/MI<_L,SQ.'I>[&/+1IQI.$/=2YK.4O>E>
M3OJW9'\\:_\`!/'_`(+CK;W]HO\`P6:^`"VNJR^=J=NO_!+7X""'4)MYD\V]
MB'BO9<R>82^^8.V\ELY)-6KW]@#_`(+J:CIT.D:A_P`%I?@3?:5;>7]GTV[_
M`."7GP)N+"#RAB+R;2;Q<\$7ECA-D:[1P,5_0E17B'IG\]X_8#_X+KB6"8?\
M%J/@8)K7[-]FE'_!+[X%"2W^QJZVGDN/%VZ+[*LLBV^PKY*R.(]H9LSR?L&?
M\%WY;P:A+_P6O^",E^LL4ZWK_P#!,+X&O=+-#$\$,PN&\8&42Q02/#'('WI$
M[1J0C%3_`$$T4`?@/_PQ)_P7V_Z3A?"'_P`5G?!7_P";2C_AB3_@OM_TG"^$
M/_BL[X*__-I7[\44`?@/_P`,2?\`!?;_`*3A?"'_`,5G?!7_`.;2C_AB3_@O
MM_TG"^$/_BL[X*__`#:5^_%%`'XF_LP?L%_\%-?`G[9'PU_:?_:T_P""F7@'
M]IWPUX#^%OQ7^$EW\-_#W[&?@+X*7FL^%?BA-X2\03VT?BSPQXNU!K"33_'O
MPZ^'OB=KK^R+B]N+;P]<Z%%=6MAK6I";]IKG3M/O)K6XN[&TNKBQE\^RGN+>
M*::TFQCS;:21&>"3'&^,JWO5RBFFT[IM/NKIZJS^]:>@-7T:OZKMJOQ"BBBD
M`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!
M1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%
M%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`444
M4`?GRT4K_P#!3J%TC=TA_9#G>9U5F6)&^)4,2M(P&$5I)$C!8@%W51R0*_0:
MOA"Q_P"4E6L?]F:1_P#JX-(K[OKZ/B-W_L)?R\.96OPK2_4\;)M\V\\YQO\`
MZ317Z!1117SA[(4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!111
M0`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`
M!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%
M%%%`!1110`4444`%%%%`!1110`4444`%%%%`!36=45G=E1$!9G8A555&2S,<
M``#DDD`#DTZJFH6-MJ=C>:;>1^;:7]K<6=U'DKYEO<Q-#,FY2"-T;L,@@C.1
M35KKF;4;J[2NTKZM*ZNTME=7[H'>SLKOHGHK]+NSMZV?HSX2L+VS/_!1_5]0
M%W;&P/[%T5R+T3Q&T-N?B]I#BX%SO\DPE"'$N_RROS;L<U][(Z2(DD;+)'(J
MNCHP9'1@&5T925964@JP)!!!!Q7\WEO^SG^T-8?MGW7[*EMJFL?\*FO/AJOA
MJW^(1>Z_M2R_9J/CZR\=2>'QK`W@ZK;ZE9W'@.,R.LCVMS;H(X()+=A_1OI>
MFV6C:9IVCZ;"+;3M)L;33;"W#.X@LK&WCM;6$/(SR.(H(HT#.S.VW+,6))^Z
MXWRW!Y>N'WALTH9@Z^28-TE0CM@(0_V3$U_?;H8C$N552P;4IX?V+]I-\\+_
M`"?"^.Q.,><>VP%7!>RS2NJGMI;XN2BL10H^Y'VM&ARP<<4K0K>U7)%<LK7J
M***^$/K`K/O-7TK3IK2VU#4]/L;C4)?(L+>\O;:VFO9@,F&TBGD22YEQSY<*
MN^.<5H5^)?\`P4E\$^)[GXG2ZQX(UWP7XH^(_C+X8>$_"?PN\`>*!X_'BWP)
MXOTOQ]=WUE\0_A6?"FEZAI"ZK>RW8B\17&JW.DR1Z7HS1W-W+I;R04`?M);Z
MMI5Y>7FG6FIZ?=:AIQ0:A8V]Y;3WEB9!F,7EM%(T]L9`"4$R)O'*Y%(NKZ2]
M_<:6FIZ<^IVD"W5UIRWMLU_;6K'"W-Q:"4W$,#'A9I(UC)X#5^"/[,MIXN^$
M/[1?@S4M2\5^$/%?@_X5_#7XR+^T?\8?"X\?7/BGQ;JFM^(?`<7@:'XP6FLZ
M#;:?>^,+.^@\0#1H]`O-872[.#68H9(=.GMU;ROXX_!CXI^)OC/XO\!_"SXV
M>%=-35?B-^UUXX^./Q[TO_A8;?%OP-\#_B!\)/C%<Z/X`\<K#HMEHL?A7X=_
M$?Q3\.])\#P>'M;NM3BT;PC#>:5;P:@;V:@#^CJV\1^'[V&WN+/7=&NX+N[?
M3[2>VU.RGANK^-BLEE;R13ND]VC`J]M$S3*P(*`BC4_$6@Z-8:IJFK:UI>G:
M=HB2R:Q>WE];6]MI:0VJWTIOY9)%2U,=FR73+,486[I-CRV5C_-;X4^#'Q)\
M6^.O&'QE\*WWAWPSX,TOQ+\+?AK\`?A5\'(/'$WPJ^(OQFUN]^''C3Q[X]\,
MR^+=,\/W^B:SHEC\&-%TG7/&-M8Q:7I/AW5OB_>7)U+5;J^CO?KOX:?"G5?V
MX/V</VA?V9OB9-XG\`:O/J_]J>*_C-X?_M&#6?&?Q$\0:]\1O#'B*U\1:=JM
MKIZV]]X;7P/HLMUX3TF]GT:Q\">(/!FA6>L7$<=Q*P!^UL<L<R++#(DL;C*2
M1LKHPR1E74E6&01P3R"*?7#?#/P'8_"_P!X2^'NF:GK&M:?X0T6TT2TU;Q!=
M"^UO4(+-2J76JWJQQ"[OI<[KFY\M#-(6D8;F-=S0`4444`%%%%`!1110`444
M4`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110
M`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!
M1110`4444`%%%%`!1110!_,]^U7I'[9'[5O_``6U\8?L9?"'_@H+\?OV-OA%
MX$_X)T_#O]HM=.^#>D>"=;BUKQSJ'QX\3?#W4I+ZT\6Z7="+[=I%[8//<07&
M[=HUG&D2J\K'VK_AT3^WM_TGI_;Q_P#"!^"7_P`I:3P3_P`K-OQO_P"T-/PQ
M_P#6MM3K]^*`/P(_X=$_M[?])Z?V\?\`P@?@E_\`*6JTO_!)7]NJ">WM9O\`
M@OG^W1#=7GF"TMI?!'P-CGNO)4/-]GA?1Q)/Y2$-)Y2ML4AFP#FOZ`*^'/V[
MK7Q9X:^'O@OX^^!;'7]8\2?LZ>/])^(E[X9\,:?)JNN>,O`\JOHWC;PEI^G0
MQRS75QJ>FWD%S&D$3S@Z>?)7<<$`_-9?^"4W[;;ZBND)_P`'`7[;CZLZW#)I
M:^$?@,VHNMH5%VRV0TLW++:ET%P1$1"742;2PSJ_\.B?V]O^D]/[>/\`X0/P
M2_\`E+7MN@Z3\</AOX!TGQUX=\-ZMJ7Q>\<_"+XY?&+5;B309M3U'3/'7C74
M['5K+3;4:@I\B[TW1G@DLO#,\T*W5Y9?9#`<L@Y/5_VEO''PO\.ZMK7A_P")
M_P`<_BAH.M_L]_%D^&=3\0?"OQE>ZI;_`+1&EZ#:7VB^'X;*'PG;WZA-2OXU
MTMK^VCTCS(;S3[:^DAM%+`'GW_#HG]O;_I/3^WC_`.$#\$O_`)2UG:5_P2?_
M`&XM=L(-4T;_`(+\?MSZGIUT'-M?67@?X'7%M.(Y&B<Q31Z,R.%D1T8J3AE(
M[5[A)\0/VL9]6MOB0WBGXDPP>%OB[^R#X)B^'47A6:+P[KWA?XL^#/A./B]K
M6N6RZ;]MOAHVI^*M?O&O%D6U\,:AI=RL[P[+M5\N\+^//VB/V;V\#VML/C!X
MW^'OCS]D7]L'XF^(/">G^'KJ-_AYXX^$/Q"^!FE_##2/"%S'HMVOA_5?$7AW
MXF^.+VXCO;74-3UH>'9M<TW3-2N-+N+=P#,G_P""2'[=]K!-=77_``7O_;LM
MK:VBDGN+B?P+\#X8(((D,DLTTLFC+'%%$BL\DCLJ(BEF(`)K#TK_`();?MEZ
M[%ITVB?\'"'[:&L0ZPMV^DRZ5X;^`&H1:HNG[1?MITEIITRWJV1=/M9MC*+;
M<OG%-PS](?"K5_$WQX_8F_;.\'?'KQO\4=.\%R^-/&7PY\*_$2/0/%VJ>/-,
M^&/B/X2?"G6DU_28KWPWIGBKQG:Z!XM\8>*XH[O^P)+F\L--N-*\FX%D\9\C
M\'?%/]H.T^&/C+7/A)\&="D\3_"[0/VN=+^#NO\`A;P'X@\%>&/C1J.@?"_X
M5ZUX*\<:?X4\2:7;:IX'N-;\67NK^!;S2)[:VM-;UCP;J&HZ1"^F7UK0!QEM
M_P`$H/VSKWQ+JFCVG_!?G]M:Y\7:%I6F7.L:=!X)^`LNOZ3HOB"XOQI$U_;I
MHYOK/3M8N="U+["TRI;WL^E77E>8]G)LZ#_AT3^WM_TGI_;Q_P#"!^"7_P`I
M:\#T+QQ\:=`^,_[6_P`3/@]XF^-OC7P]XM^'O_!.OPYXB^,?C;P-XO\`#GB.
MQ\,KXX_:>N_B=;:";KPI'K,J>&(]?M;/4;O2-&U+5/"EMK*RP02QVEB\OW_\
M-=2_:@^(3_!S1KGXO^,7TFW^$GQN\?S^(-`T'4],_P"$PUWPUX^\.:?\,/#7
MBW5O$GA[2-2%Q!IFI7=KJ4<UC877B>TL)KN2*2*6>6B[^[0/EOJ?/G_#HG]O
M;_I/3^WC_P"$#\$O_E+4-Q_P21_;NL[>>[N_^"^'[==K:VT4D]S<W'@;X'06
M]O!"ADEFGFET=8XHHD5GDDD941%+,0`35VS_`&I?VJ/B+XJ\)_#KPKK?Q(T>
MZT[]E"VD^*'B6/X6>(;*WTCX]P_&CP?X3UE]-U#7?#]I8:AJ-KX9N-?ECALC
M<6+63IJD#20H)%R?&/[0'Q:L_P!HCXB?"&[^*WC4>%_`4/C?X?:-J?B?4;B\
MT'XK>(;+X=:EJ&C>!QHFG>&+C1=4\=:QK\Z\W?B2#4M0M(!8)HN-JN`3VG_!
M)3]NN_MH+VQ_X+Y?MTWMG=1)/;7=IX'^!MQ;7,$BAHYH)X='>*:*12&22-V1
ME(*DBLJZ_P""5/[:%KK=AH%[_P`'`O[:EMXDU"&:?2]%NO"GP"AUN^MX?]?-
M8:;+I:W]S#%_RVDMX71/XR*]BUKXZ?&O3OC-^S5X$\+V/Q9\(KIEE\#[3Q7I
MG_"/ZNGP]\7:)XN\&-?^+!8Z-8>&[S2(H?#][Y5GJVH:YK.D:AHFJ1&ULK-X
M2SGTWXO06?@;]NGPUXW\(6]Q\1_%GCC7/`?AGQA\/_$_P^\97S^!M!M?#=]!
M)\1/AA\1[33E\-Z%9VUC;V2^)M#O=4>VO[R29EM/[1F#$`^7;O\`X))_MPZ>
M(1??\%\OVX;$:A=I:P"[\#_`FV%]?S!FCMX1-HZ?:;N58V9(4WS.(V*J0AQ<
M'_!(/]O!2[+_`,%Y/V[5:7`E8?#[X'@R8R!O(T3+X!.-V>I]378_MO:[\9_V
MK-;\%WW[,/PQ\6>-=!^"_P`+8_V@/"^K:QJ^L?!^&X^,EQXHTW5_AW8_9_$/
MAUM2UFXT[1?`/B#1]=T(VUJZ:=\0FCGS)+$4_6;X.?&70/BYX?TB]TZR\0Z7
MJ\_@CP-XPU;2M>\.ZWHDVG0^-]';4["T>;5+"SAFOX/(N8=1L86:[TR:-8K^
M"W>6(.`?C/\`\.@?V[_W/_&^/]NS_1W,EO\`\6]^!_[B0QR0F2'_`(D?[IS#
M--$63:QCED0G:[`O7_@D-^WFF[;_`,%Y_P!N]=[%WV_#_P""(W.0`6;&B#<Q
M``+')(`&>*_?FB@#\!?V;?V7OVQOV;/^"DWP1\`_%#_@J-^T_P#M5_"_6OV9
M?VC?C+KOPY^*OAOX<:1X?UC6O`OBWX)?"SP_I]VWAC2[:]%M9R_&^Y\713QW
M"3+J_A72;8J]G=78K]^J^`_%O_*4GX`?]F!_M??^M$?L/5]^4`%%%%`!1110
M`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!
M1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%
M%%`!1110`4444`%%%%`!1110`4444`?C+^V!_P`$??\`AIW]L"3]M3X=_MS_
M`+7/['_Q:O?@3X:_9ZUE_P!F[7O!GAVUUSP%X:\8Z_XXM[;4[S6O"^KZK.;O
M7-;BN+JV^V"RWZ1ILL<"2I(S^1?\.5_VD/\`I.;_`,%7_P#PY_P\_P#F$K]]
MZ*`/P(_X<K_M(?\`2<W_`(*O_P#AS_AY_P#,)2'_`((K_M'D8/\`P7,_X*O$
M'L?B=\.R/_4$K]^**`/P'_X<K_M'\?\`&\S_`(*O<<#_`(N=\.^/I_Q0G%-_
MX<I_M&8`_P"'Y/\`P5<P"6`_X69\.L`GJ0/^$#X)R<GJ:_?JB@#\!_\`ARM^
MT?S_`,;R_P#@J]S@G_BYWP[YQC&?^*#[8&/3`I/^'*O[1W'_`!O+_P""KO`*
MC_BYWP[X4XRH_P"*#X!P,CH<#T%?OS10!^`P_P""*O[1P&T?\%R_^"KH7&-H
M^)WP[`Q@+C'_``@>,;0!CT`'2E'_``15_:.4`+_P7+_X*O*`,`#XG?#L``]@
M!X#X'`X'I7[\44`?R_\`CS_@F-^U!X+_`&@?@-\#K;_@M)_P5"U#2_C3IOQ.
MOM3\1W?Q4\'QZSX?/P]\.)KUI#I%O:^$(=*N(]6FE:VU#^U+.\:.'YK,P3%G
M/T0/^"*W[1R@!?\`@N7_`,%7E`&`!\3OAV`!Z#'@/@>PK[_^.'_)^?[#O_8O
M?M(?^J^MZ^^:]W.,/0H8+AJI2I0ISQ>15,1B915G6KK/\]PRJS[S5##T*5_Y
M*4%T/*RZM5JXK/(5)RG'#YK"C1C)W5*D\GRFNX1[1]K6JU+?S5)/J?@,/^"*
MG[1HR1_P7*_X*N@G.<?$WX=<YP3G_B@^<X&?7`KQT?\`!NEXA'CE_B6/^"OG
M_!2[_A/)-<_X29_%!\<?#5M4;Q%]D%@-=\UO`93^UA9@6POQ']J$7RB05_2W
M17A'JGX#?\.5?VCLAO\`A^7_`,%7=P&`W_"S?AWD#T!_X0/('L*7_ARK^T=N
M#?\`#\O_`(*O;@,!O^%G?#O<`>P/_"!YQ[=*_?BB@#\!E_X(J_M'+]W_`(+E
M_P#!5U>@^7XF_#L<#H./`?;M2C_@BK^T<OW?^"Y?_!5Y>@X^)WP['`X`X\!]
MAP/2OWXHH`_`C_ARO^TA_P!)S?\`@J__`.'/^'G_`,PE'_#E?]I#_I.;_P`%
M7_\`PY_P\_\`F$K]]Z*`/QH_9;_X)*>.OV>?VI/`?[4OCG_@I9^W3^U'KW@+
MP3\0OA[9^!_CWXO\%Z[X.U/PI\1[;2WUG2-1CTGPII>IFSA\1>'/"'C"WMX+
MZ*)O$7A'0+N=9%LPA_9>BB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH
M`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`
MHHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"B
MBB@`HHHH`****`"BBB@`HHHH`****`/@#XXSQ#]OK]AJV+_OY/#'[2DZ)M;F
M*+P#91R/NQL&UYHA@L&.[(!`8C[_`*_._P".G_*1']A'_L1_VH?_`%"]#K]$
M*^FS^-LOX/M?WN&JDGZ_ZT<2K3[CP\HDWC>)4_LY[3BO1\/Y%+7S]ZP4445\
MR>X%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!111
M0`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`
M!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%
M%%%`!1110`4444`%%%%`!1110`4$XY/`'))[44UE5U9&`974JRGH588(/L0<
M4`?G-\:]0L;S_@H1^PE>6EY:W-H/!'[4ZFZ@GBEMP;?P=HL<X,T;-&##)&Z2
M@MF-T96P5(K]%;>YM[N"*YM)XKFVG020W$$B30RQMT>.6,LCJ>S*2#V-?SD_
M'K]E7X^>%OVV?AU\*_A+J=_8?"WXC3_%W7/!6OI'<3#X<Z)\5M,LK'XWZ9#>
M"2/[$-.M;<ZMH$,1B$+:J@M1<7?VC/\`0CX$\&:'\.O!GA?P'X9MWMO#_A#0
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M->^$VO\`@S79](U7X#1^$_`7BK3C;GPZWA+]H3X=_$7QWXNTO6Y]4M+%;^]T
M+PPC7T4T?VJ[TW0;?2M-Q>70,P!^@OA']H#X8^//B#X@^&OA'5M4U[7_``O_
M`&C%K6H6'AKQ#-X0M=0T>\CT_6-%7QL--_X12XU[2+V5+;4]$M]6DU.PFW)<
MVL91L<M?_M<?L_Z/\0?$7PSU[Q]:^'?$WA?P_P"+?%&IR^(=.U;0_#DNC^`(
MDN/'4VE>*]3LK;PYK,_@RWDCN?%%GI>I7=WH=O(D^HPV\;!C^>_[/WP#_:M^
M`?Q0@U/2O"'CO4O"_A:R^-5]XWLKKXN^%;[P+\:]4\:^--'U?X=+X`\(WVM3
M2^"M1T*T?Q-J.MW^MV_AW<;Z*RFN=3EVF&3]J3X+?M._M7>)/VA?"'B'X(7>
M@Z'%\'OBS\)?V7_$]_X\\#/\/X=1\<^$;)M9\?\`Q)L]-\0W?C`77C+6]&T_
MP7I.GV?A?4?^$3\*S7VIW,5Q>:WJ%KI@!]K:)^WC^RYKVIZ9H-M\25L?$FJ:
MLNEQ>%]=\/\`B+0/%%G;RZOX=T&U\2:MX>UC2[/5]'\%:AK'B[PMIVF^--2M
M+;PSJ%WXAT>&SU29]0MA)U_Q-_:R^!WPC^&GQ)^+?C/Q:;'P+\*M:U/PUXIU
MR/3K^6S;Q%I%A!>WNC:-<BW%MK5U#-<+H\C:;-<6\7B"*[T*69-4L[JVB_-7
MQ!^Q;X[^.OQU\?\`[5'C#X(77PL^+WQ#\%?L[?LT>"I=1\7>%=4U+X6_#+X9
M:]XO^+?Q(^(6NW7@O6=0L/$&E:YXQNO"EIX>\'2ZC=KJ/BGX=^`I=5TS3="O
M-?GO/H+]GC]E+QAKGPM^*/[/W[5_@_3?%?P-,=CH'@'P=X@OM!U>9)(?$7Q*
M7Q'X@TC6O#!M]:BTK7?#>H_#[5-*U;Q)?R_$7_A+'\9:OK>IM?WL<B@'Z+>$
M?%OA[QWX9T3QCX3U*#6?#7B.PAU31-6MMWV;4=/N`6M[RW9U4O!.@\R&3&V2
M-ED0E&4GHZQ?#OAS0?"&AZ7X9\+:/IWA_P`.Z)9Q:?H^B:1:0V&EZ98P#$-G
M8V5ND<%K;0@[8H842.-?E50`!6U0`4444`%%%%`!1110`4444`%%%%`!1110
M`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!
M1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%
M%%`!1110!_-S\5/"OA'XT_\`!P%\9/A;\=_%?Q#N/@3X`_X)+?#[XP6W@S3/
MC1\6OAMX+T+QE#^TIK^@:AXWEL?AWXX\(V[:J?#=S=:==7MWYQFLQ$DH<VUL
M8OLKX7?LP_\`!-[XMV&KZMX;\._&G3-&TBVM=1&M>,?VB?VO?!^CZKHM\(FL
M-?T34M=^,]G::EHE\)XOLM]'(JR[@0H'-?!OQH^$-Y\??^"]'[:7P8T_7+CP
MS?\`Q*_X(4^%/"-CKUK-)!-I5YJ_[4VL6UM=K+$&D18YF3S"@+>66P*_1OQU
MX"_:B^+O@3X2:!XX_9X\-V^A_!KQ!X1OO%GPU_X6KH5WHWQNM-'T6ZT.ZM+*
M:&UAM='TG2[Q;+Q+IMAX@247KQ06-Q'E),@'=3?\$\/V#[>&PN+C3O&L%OJO
ME?V7/-^U]^TY%#J7GL%@^P2O\=%2\\YB%B^SM)YC$!,DTG_#O']@X:?/JYT_
MQI_95M+-!<ZG_P`-??M.?V?;SVQ(N(9[W_A>OV:*6`@B:.217B((=5Q7REK?
M_!/;XK>)_AYXATC5O#>@?;7^#_CG3/AKX;?QI?2VOPR\7^)_C'H/B[1M$TG4
MEG58GT/PE:ZE;Q:_:X6TFN)+'3C#"R`7?B'^S)\0OAUKT>D6'PFTOXB?#KQ/
M\?/AAK_AGX66WBN;3=%U*QTOX=7NF^-FU6YD\RRTUK_7]EW*-:,UCJ\R^=<A
MY&%`'U"W_!._]A!)-*A?3?&JS:Z@ET2)OVO?VG5DUB,C(DTI#\=`VH(1R'M!
M,I'.<5RWC?\`8<_8`\!^$/'?C+5-%^(MY8?#OPGK7C+Q)8Z1^UC^U'J.KVVC
M:'IMSJEU(-.M_CD]SODMK246X>-1*^%4FOEO6/V+OVMAI_P;\)6/A7PBWA_P
MAJGA#Q-87NG>+-,34_APUI\6(/%&M>%$UW5C)K]_IVF>$0^F:?#X>,%E>$S6
M\^^-E1>T\:_L'_&A[O1+SP/I6B6-QXI_9]_;6\`?&*<^*WCD\6>*_BM;>#D^
M"L.IM.93?VFER6WBA([A/+C\.QW;I&NRY"@`]Q'[#?[`DNC^&=<L/#GQ3UJP
M\5:YI7ARP?0?VI?VJ=9-KJ^K6D][%;:I]@^.,HT[[+#;R_;VN"ILW`2959@*
M[#3O^"<O[#6KS:A;:3HOCW4[C29A;:K!IW[6_P"U#>S:9<,N]8-0BMOCE*]E
M,4&\17*QR%?F"XYKD?"O[(/C/X=_$&ZG^'FA:-X8\!W/CO\`9\\8OI5AKUQ#
M8R7_`(*\`:[X>^(6IMI[22!;R_U&;2A<-'M?6BANYB\P>1L[]BGX`?M%?#[X
MU?$7XG?&OPAX2\+77BOX6^&O#&L#P9K>F2^&?$7C?1_%?BK5;S4](T:P_P!-
MCTA;#6((-/U3Q.9_$L]LWV>_G:.&&.,`\X\"_L_?\$V/B5I-UX@\%>#_`-H#
M7?#\?BOP3X4TO7;;X[_MB#1_%#>/_$5IX8T#Q'X4U!_C.MOKWA'^T[Q#J/B&
MS=K/3[2*XNY_W41)]!\1_L:?\$]/#'Q&^'7PJO\`1?B=/XT^)NL^(=#T'3-/
M_:G_`&J+YK.]\,^"==\?:B->,'QQ9M&C;P_X>OY;-KU(_M<PCBBW%\UR'@_]
ME[]H/3M5U73/!W@Z?X+?!N'XH_LJ>,]-^#<_Q3L/%_A_2M=^'W[4V@_%+XP^
M)/AXUA:P/X2\*:G\.[*ZL8_!DT\T&K7B6]E:0V-K&8&\"\5?L$?M5>)]>DM-
M$T7PUX%^(.B>+?V[]1@_:MM?&ZZCXA\3V/[1GA?XV6OP5U`>%G"ZE:7/P_B\
M<^#O#&I6EY(T>DKH+?\`".R1:03$X!]RP?\`!.K]@N^M'URVTGQC>6%E-/9R
M:Q!^UU^TU<6EI.K^5<VKZA'\<WA@F61?*G@:9'#KLD7<,5@2_L'_`+"X\5^'
MO"UGX+^+.I'Q#I>HZO#KUA^U/^U-<>'+.VL%M&CANM73XXFU^VZB;VW.G6<3
MR3W,+/<HOD1L]>3_``Y_8K^)5U\.;[P]XM\&7WA[_A(OC/\`LP:WXQ\$ZAXY
MT&Y\)WO@OX4^-(M6\=WNB6OA!;2.WGUO1;B[M]72[D_M#Q6+.P6_9YDEDDWX
M?V:_VB_#/Q$D\`^&?!FD?\*8T_\`:1U/XS:#XX7QY;VS6'@K5/AKHGA2R\!6
MG@XQM?VK:%J^D2F-1/\`V:VGSPO!&LXDHN!ZE+_P3]_8#@.V:'Q7"3=?8@)?
MVQ?VEXS]M\L2_9,/\=P?M7E,LGV?_6^6P?9M(-96B_L(?L%:S9ZO?GPU\4]&
MLM'\3WOA*6Z\1_M2?M4Z%;WNK6/V?=_9<U_\<8H]0M+G[3$+*ZMV9+L[A"&V
MFOS,_:4^!.J_"GQW\%/AW_P@UP_AYO@T;GXH:?X>::^U[Q=XJN_BCH&JW5SX
M2\3:K!J$">,1'"+>2_M)(=231'GTV)DLV"I]_:G^S-\7)/$^E>--7^&&E_%O
MP4/BI\6O$ME\)=<\;IH3:5I'C[2/#-OX.\2.]XS::+SPX+"\M;G1W5KK3<&;
M39(YWWT`>MVO_!.;]AF^U&ZTBRT7QY>:M8JCWNF6O[7'[4%QJ-FD@S&]U91?
M')[FW5QRC31(&'W2:^?/"_P'_P""6?C2#Q3/X9NOB-JW_"%_%Q?@;XH@M_VG
MOVM?M6C_`!*>Y:TCT&ZMG^-"RKYDRD1WBJUK(OS)*PKM?@9^SS^T;HW[8UM\
M7_'O@WPQX6\%Z9I7Q0T*6^\-:_H[VVL:5KD7AX>![5].M-VNZO-I:6-]'<ZC
MXCFEGAGR]LL<<V*\:/\`P3]^.GAWQ=X%^(/@E?"]AJNK_M4>(O%OQQT&76$^
MS>)?A5%\1M>\:?#[Q78W"H(#XL\-P:G/I]Q9F/[3=:=J$%DTVS2XQ0!]86__
M``3K_84O+C5+2TTKQS=76B`G6K:W_:Z_:>GN-(`0R$ZI#%\<VDL`(U:0F[6+
M"*6^Z":YW3OV#_V"]6\177A[3?#7Q4OOLGA.P\:2:_:_M2?M4W'A231-0U+6
M=*B>#Q)#\<7TR:ZAN="U![NV28M;6Z1SRD)(,?*^H?L?_MD^*=5^->M3Z%X4
M\$ZYXBT>SACG\-^(]'T_1OB9'X=^./A7Q_<>$)!IS#6+'3?'7P]T76?`LWB#
MQ1+/J6G#Q'=M(1;(T(]=\7_LN_'OQ5X4^*\GPZ^'6B_`>V\0?"K]G;1O#_PI
MTWQ[::AIFKW7PF_:4\>_$WXF^`)]1TX1Z9X?LOB]\,M1LO!5UK=G$D%BOB>9
M9HV&ERA@#V-?^"?/[`[Z/'XA6U\7MH$WF&+7%_;"_:9.CR^2Q67R]3'QV-D_
ME,"LFV<[&!#8-3W/_!.[]A.SN;"RN=*\<PWVJP?:-)L9?VNOVGH[W582C2+)
MIEJ_QS6>^1T5F1[5)58`D$@5Y#\-OV)/$NK^/(=>^('PP\-^#O@WJ_QP\3?$
M2S_9\B\5+KWA_P`!:+)^S!H7P>MTDATUX=$U-_$WCO2]6\6W6CV$*Z5ITNIV
MNI26YU<74Y^=(?V*/VQ1H/[&?@+5O"GA34]/^!7AS]BZWU#QE!XTL)/$&@WO
MP7^+`\0?%.QU7Q#J,C^*-=MV\%Z9HMEX>AT>9;;6FFU2U\0->QW4T9`/3_@7
M\&_@/X4_X*'?LYZ_\$(/BAI'@_7_`-C?]K_QJ=!\3?&[XZ^,='N_&?@CX[?L
MS?"FQUZ_\-^/OB/XFTBYO-+T/QIX^TK33<V4L,,6O2:A%$M_!87=K^V5?DO\
M(_`^O_#C]NO]EGP;XGBMH=;TK]A']NZ:[CM+A;NW$>L?M??L@ZW9&.=0JOOL
M-2M7<`#9(S1GE2:_6B@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`***
M*`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH
M`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@#
MX!^+?_!,;]CCX[_M.7O[6_Q=^&M_XW^+]]\'=%^!CSW_`(P\4V'AJ#P+H'BK
M4?&.FI;^']#U32H$UB/6-6O_`#-4>6226TG^S/&0D;*__AUW^P9_T;SH7_A6
M?$7_`.;&OONB@#X$_P"'7?[!G_1O.A?^%9\1?_FQI#_P2Y_8+.,_L\:"<$,,
M^*_B*<$=",^,.".Q'-??E%`'P)_PZ[_8,_Z-YT+_`,*SXB__`#8T?\.N_P!@
MS_HWG0O_``K/B+_\V-??=%`'P)_PZ[_8,_Z-YT+_`,*SXB__`#8T?\.N_P!@
MS_HWG0O_``K/B+_\V-??=%`'P)_PZ[_8,_Z-YT+_`,*SXB__`#8T?\.N_P!@
MS_HWG0O_``K/B+_\V-??=%`'P)_PZ[_8,_Z-YT+_`,*SXB__`#8T?\.N_P!@
MS_HWG0O_``K/B+_\V-??=%`'Y_R?\$M/V!961Y?V<_#LK1'=$TGBCXANT;=-
MR%O%Y*'W4@U+_P`.N_V#/^C>="_\*SXB_P#S8U]]T4`?`G_#KO\`8,_Z-YT+
M_P`*SXB__-C1_P`.N_V#/^C>="_\*SXB_P#S8U]]T4`?`G_#KO\`8,_Z-YT+
M_P`*SXB__-C1_P`.N_V#/^C>="_\*SXB_P#S8U]]T4`?`G_#KO\`8,_Z-YT+
M_P`*SXB__-C1_P`.N_V#/^C>="_\*SXB_P#S8U]]T4`?#GPR_P""</['7P:^
M.7A7]HGX8?"6/PA\4/!G@OQGX$T+5++Q5XQO=/@T3Q[<^'Y_$$DVD:QKVI65
MQJ$D?AVUL[2[D0_9;2[U!$C,L\<T'W'110`4444`%%%%`!1110`4444`%%%%
M`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!7SI\;/VGOA
MY\!];\-^'/%FF^--9UGQ-X;\8^,K.P\&^'&\03VGA3P"VA)XLUW4$%Y:-'9Z
M2?$>DF2.V%U>S).[P6DJPRE?HNOSX_:__8TU7]J+XD^`-=?78M"\,^$_@W\<
MO!DEW8^)?$N@^(K;QIX^OOAM?^"]0M[70HXK36_#UE<>#K\^)-*UK4#IU];R
M6]C=:-K-G=W4,0!]?:#\8OA9XD_X1*+2?B#X1FU#QWX/T_Q_X2T.?7],L_$>
MN^#-3L;?4K/Q)8^';RY@UJ726L[J"66\%CY-OY@2=XW!4>1_"K]KWX0?%+PW
MXQ\<)KFD^"O`7A;QWJ7@"R\9^-O%W@?2=%\3ZOI.J7NA7DNER1>);J2RA;6=
M.NK*PAUI=.O-358KFPMYX9-R_!OPO_84^/FD_&O1?'/Q8;P?XI\/:CXQ^#_Q
M/U&/P=\7=0\(:3\,/$GP]^'GA'PG?^!?!W@>'X#2WOBSX>6NM>&-0UGP[83_
M`!"\$6TMAXLU;0]5TG[*C2W<_CS_`()^_%*3P%\)[#PE%X$U#4O`GCSX_P"M
M>(_!-GXSD^'6C^(-'^+VO^,YM%U*T\9S?"'XE_9M:T7P[XAM--U&RN?`-S'-
M:M?Z?8:O;A+>]<`_6#4_B'X`T6]L-.UGQSX/TG4-4@>ZTRPU/Q-HMA>ZC;1V
MK7SW-A:W5[%/=P)9(]X\UNDD:VJ-<%A"I<4(OBQ\+9_"<?CV#XE>`)O`TOG^
M5XSB\8^'9/"<GV5F2Y\OQ$FHG1W^SNCI/MO#Y3*RR;2I`_-?XI?\$\_$'CCX
M<>-=`\*S^"_!7C*Y^!/PO^&7PZ\2ZA?WGBS5O"UUX*U6UUC6/#TWB9O"VB:@
M/#6IBU&E1ZMIVFVD[QM%=S>'!#`=,EZ;X:_L6>)3IG@?_A9?@_P:CZ;\:8?B
M5XM\-:K\2'^+>C7L-CX;NM"M;_2'?X+_``ITJWOY7F$LFFOX8C4#]]-J]S,,
M4`?H=+\1_AY`_AB.;QYX,AD\;`-X,27Q1H<;^+@8_.!\,*]\&U\&$B4'2A=@
MQG?]WFK7AKQUX)\:/JR>#O&/A;Q8^@:A)I.NIX:\0:3KKZ+JL.#-IFK+I=W=
M'3M0B!!DLKP0W*9&Z,9K\A/AC_P3^^,WPNT>/PP/#GP&\9Z?XA^&%U\+X-;U
M+Q!KFF:G\`K>/Q/XGUG3=?\`AE93?#77;3Q(+6+7+75;#1/-\!#3/$MF9_[4
MOK79CZ`_8:_9-\>_L^ZYK^L?$;2-$AUN/P#X3^&VG>)/#OQ5E\7V/B71/"^J
M:[J5M/)X,3X)_"VW\([+C6;BY@BFUWQM>`WDUHVH+%;1RS@'M/A+]MKX)^+/
M%>C^%U_X3/P[;^*/'7BWX9>#_&/BGPM<:5X$\7?$#P3<:_;Z_P"$M%\3I<7=
MHFM1_P#"+>(YK&UU=-*_M2/1KY=/:YG1(7[_`%W]J;]G'PW;>&+[5?C=\,DT
M_P`8^/YOA=H&I67C#1=6TRY\?VVDZOK=WX8NM1TJ[O;+2]0L=-T/4IM0_M2>
MS@T]XHH+V6WGNK6.;\^]'_9(_:SOO!:?!C4H/@/X0\$>#OCO\8/CWX7^(:^+
M/%7Q%U[QAKGBGQ%\4/$_P[\.:S\-[[X=>#=(\+Z+IFM^--"O/&=V/&WBV;5M
M+T?4=`T^PMO[7&JV/GWA']A#]I>VATOQWXU\-_!CQ+\0O"_QM^!WQ1T[PAJ/
MQ1:;P[XLL_`WPZ^(_P`,?'-KK?BO0/V9O"%GX=6^L?B`-=\/:-IGPTUBV1-`
MTC1+O58K>&-K8`_9;3_'?@?5O$NM>"]*\9>%-3\8^&[*RU+Q#X3T_P`0Z1>^
M)=!T[4P3IU_K6A6UY)JFEV6H!6-E=7UK!!=`$P228->4?'3]I[X/_LZ:-\._
M$7Q/UZYT_0OBAX\T+X>>%=6TK3KC6[!]:\0:?J&K6=]J%S8>9%8>'K?2=*O]
M3U#796-C9V%N]S(_E?-7PY^SW^Q3\8?A=\9/%/B;XBMX=^)>BP^//VH?'?A+
MQE-\5+ZPDU[3_C]XW\8^*-,\#>,_A<_P6NIQ'I&B>*M,\*Z]K<GQ>\0Z/?W7
MA&P\5:3X,TJ*32_"N@>G?&+]CW5/CC\%OV1_A7J?@GX4_#CPY\++K2C\3?A;
MX0U74+WX?^%?#3_`'QY\+[_P+\*[IO!NBG6M#\.ZMXJL-.\.-JOAOPA%/X;T
M_P"U2V&FW*1Z6P!]'^)?VJ/@GX0^-UG^S[XA\76^E_$.?P#J/Q,OTO1':>'_
M``[X/T][E/[3\3>(KN:#3=$^W?8=1?38KR56NXM,U"92L5I*X](C^+/PLFT?
M0O$,/Q+^'\N@>*'MX_#.N1^,O#CZ/XBDN[E+.UCT+4UU(V6KO<W<D=K;KI\]
MPTURZ01AI653^.<O_!/_`/;"M/"OA?QC/\0?A)XY_:.2V\5:9X_\8:]+<6VF
M:]X=T_2]!\$_#W1]`N=9^'?C&RTK4;CP=X?N-?U+6]6\&Z[9>&_B%XP\1ZG9
M>']>L%MX)/:?A5^P9XW32-!C^*]M\/(=6TNQ^/4FFWFFZM_PG=]X+U_XKVNG
MV>A:WX?U2^^&_@2QO=8TJ..\EU+4X?#/AW=<,3;VTWG22$`^VO%G[4_P2\(>
M)O"?AW4/'_@^>'Q'K_BOPQJ?B&U\8>%F\/\`@C6_"&@MX@U'3O&FHR:O'#H-
M[);`016=XT=VMPZ++"BL#7<?$?XK:5\._!J>-(?#GC/XB6=SY#Z?I?PPT./Q
M9JVIV\\?GB]M/].L-)6Q2W'V@WMYJUI;21X$$DTCI&WYP?#O]B/XD7EE\`/#
MOQ9^%/[.=MIWP*T_Q1HFJ^)-"\1:GXOUKXMW-W\.KWP?HWC[Q'I>I_"7PG:Z
M3X@OM5>'7-6TQ]0U];&YO=0EM-:O#'%'-[?:_`?XP^$_V.?`/P&3P;\/_BWX
METC3[O0?%VB:I\;/B%\']"NM(GU+6;BV;1?'_A/X>>*O$A-I9WEG:_V;/X;L
M;>6)'B%U$EO$9`#TOP%^VY\`/B9KGP9\/^#=<\1ZK>_'CPOK/B[P!=?\(;XC
MMM$N-,T`1C5;;4?$5Q81Z#9ZS:22&*;18]1N=1C:-I)($MVAFE^@?B#XVB^'
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M]?Q:-X+T/P9;:Q:6%[XJO?%'B"ZT_P`/Z!<:=;'2]7U;4["+3M1N8)S<I^<=
MU^P1^T/_`,(A\4OAUX8\#_!;P=X#_:4_9W\*_LY_$^R?XV^/?$?B[X;0:%XI
M^($GB;XIZ)XS?X/:1<?%3Q-X[\-?$34=5DTW4M/^'>J:#XXL&U%O&NLQ:JDN
MC]I\5OV1/VI/BQJ_Q]TV3P?\&?"WAS7_`!O^R%\4_A-K:?&_Q?KFHZKXJ_8G
M^+?P\^*O@KPUXZT23X$V']AZ!\5KOX?P:3XFUG2_$'B'4O!=GJ5Q<65AXMN(
M464`_27X'?'KP7\>]&\57_A>S\1^']=^'_BYO`/Q'\!>--.M=(\;_#WQI_PC
M'ACQO!X<\5Z78:CJ]A;7]YX,\:^$?%5A)8:KJ-E>:'XCTN\M[MQ,R1^V5\D?
MLM?![XB>`M;_`&COBK\6XO"VD_$/]I/XS:?\2]2\&^"->NO%?A7P#H'A+X0?
M"_X+>%/#5CXLOO!_@'4/%>H7NE?#$>,=>US4?"FFW46K^*[GPW;O>Z-X=TF[
ME^MZ`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`H
MHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BB
MB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****
M`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`
M****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`H
MHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BB
4B@`HHHH`****`"BBB@`HHHH`_]D_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>img3.jpg
<TEXT>
begin 644 img3.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#_X0!F17AI9@``34T`*@````@`!`$:``4`
M```!````/@$;``4````!````1@$H``,````!``(```$Q``(````0````3@``
M``````!@`````0```&`````!4&%I;G0N3D54('8S+C,V`/_;`$,``0$!`0$!
M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`?_;`$,!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`?_``!$(`,$"
MB0,!(@`"$0$#$0'_Q``?```!!0$!`0$!`0```````````0(#!`4&!P@)"@O_
MQ`"U$``"`0,#`@0#!04$!````7T!`@,`!!$%$B$Q008346$'(G$4,H&1H0@C
M0K'!%5+1\"0S8G*""0H6%Q@9&B4F)R@I*C0U-C<X.3I#1$5&1TA)2E-45597
M6%E:8V1E9F=H:6IS='5V=WAY>H.$A8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJ
MLK.TM;:WN+FZPL/$Q<;'R,G*TM/4U=;7V-G:X>+CY.7FY^CIZO'R\_3U]O?X
M^?K_Q``?`0`#`0$!`0$!`0$!`````````0(#!`4&!P@)"@O_Q`"U$0`"`0($
M!`,$!P4$!``!`G<``0(#$00%(3$&$D%1!V%Q$R(R@0@40I&AL<$)(S-2\!5B
M<M$*%B0TX27Q%Q@9&B8G*"DJ-38W.#DZ0T1%1D=(24I35%565UA96F-D969G
M:&EJ<W1U=G=X>7J"@X2%AH>(B8J2DY25EI>8F9JBHZ2EIJ>HJ:JRL[2UMK>X
MN;K"P\3%QL?(R<K2T]35UM?8V=KBX^3EYN?HZ>KR\_3U]O?X^?K_V@`,`P$`
M`A$#$0`_`/[^****`"BBB@`HHHH`****`"OB+Q5_P4(_9K\%_&'XN_`GQ#XD
MUFP^(_P8\"Z+\1?%.D3>&]62WU#PUK5];6"S>%M1>W6R\1WFG37EJ^K6&F33
MW6GP3I/<1I%EZ^W:_';]K[_@EUK7[1^N?%+X@^%/B?H_@'XI>(_B!\-_%7P_
M\4RZ)J%]%H/AOP_I?]@_$'P9XFM8+R#^VM*\;:,S0I'&T:6%U%;76UI8\T`?
MI-J?[07P8T:'7WU/XC^%+2[\+>$=0\<^(-(?6+,ZWI7AG2=.BU34]2NM)64W
MRI86<\#W2"$R0-/#'(JO+&&^;_BK_P`%'/V;/A=X'^"'Q!BU#QC\2=`_:'MO
M%M]\+%^$_@O7?'NI:]8^!?`FM_$CQ==-INB6T]U:#0?"GAS6;R_AN$2XBGL)
M[(Q&Z1HA\;_!S_@E-XO^'GQ\^,'C;Q=XZ\#?$+X>>/K/XZ7/A:^UFT\33?$7
MPOJ7QUL--M-=T*XM;F:?PKJ'A2Q-H5BBD#7,T%AI"F.-[9C4/B[_`()-^)/C
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M_4;&S1K*)U`/V]N/CS\%;2Z\-65S\5?`,%WXRLM'U+PG;R^*='27Q%I_B"6:
M#1+W1U:Z!O[75)[>:&RGM]\<\L3QHQ<;:V1\5_AD3&/^$]\)*98/$-U&'UW3
MH_,MO"3B/Q/.F^==T.@.RIJT@REBS`7!3(K\>_'G_!(W4/&7P>N/!.G>)_AM
MX3\7I^SI\,_A#X8UJUT#7M:M_`/BOPG\7]=^*WB37_"6K:I<_P#"0V.D:I<:
MVVFZ5%!<6FHV4=O$KRBV2.!>-\7_`/!)7X\_$;QMJH\6?'7X=:?\--%\.?M-
M>&?AS:>'/"GB.'QH+7]H/5/#?B-;GQ?J-SJ;Z;<MHVKZ)<:??6^F6\4-_HEW
MM`%P7+`'ZY_$3]IOX3?#[X.:Y\=!XBLO%W@'P_K/AC0M0U+PE?Z;J:17WBGQ
MGX>\#VJO<->0V<"66J^)+&XU%KFXA^S6"37!!"J&ZO2?CO\`!?7;)M1T7XI^
M`]4L4TK6-<>ZL?$^DW,*:1X>O;73M=U%FBNFVVFD7U[9VNHS'"VDUU;I,4,T
M>[\U?!W_``3?\<:=^Q+\;?V<-:\1_#*Q^(_QH^(O@SQ[K?B33K/Q?XC\`W5Q
MX)USX73V:ZIX?\1W:WC#5/#WPSL]+U/3]/\`LNFRW%T]R\<KRW<DWQ/\1?\`
M@DC\:H[GX::K!KWA^;Q[\9_VPO%OBG]HR'X,:"_A/X0>$OV<OB/X$\)>&?''
M@#0M.U74HO$&FZ!*WPS\,^*$^Q/-<ZAX[NWDGMQ:,TH`/UN\5?\`!1']GCPA
M\>)?V?-0D\=WOBNTUKX6^'M3U_1?`OB#5_`^D:M\9M)FUKX=6^I>*;&UETZV
MAU^S@.R\9S:6TTD,-U-$\J`_4$GQF^$T5I%?R_$?P9%9W'AW5?%T%Q+XATV.
M*;POH>JV&A:QK\+/<+YFE:;K6JZ9I-Y>IN@@U#4+.T=Q/<PH_P"0OQZ_X)0>
M/OBM^VCKW[0WA;XF>`/!7@;Q!K?[-OB>S>+0_%K_`!6\`:M^SPEG90V7@NZM
M=:@\$3Z5XOT.*_T'4O\`A(-%O[BRT[5+K[&4N$AD7@(O^"3/[0>H:Y>77C7X
MF_`[QGX;\%?LP_M!?LR_"+PQ<^&_'>C_`&K2?BC^T-^S_P#'?P=XP^(&L:9K
M`O!K_AZY^$.IV&H1^'4AM#?3>'[ZSB,<6IP3@'[!)^T[\'DU[7=,U#Q;I&CZ
M)H>B>$=;;QQJVK:58>#M13QM?ZOIN@V&G:O<7J+/J%S=:)?Q+`R)O>(QQ-)(
MK(O72?'/X-1:=X5U>3XH^!%TKQS(L7@_4?\`A)])-GXDD>ZAL572+@71BO<W
MMQ!9YA9E%S-'`2)7"G\<=%_X)'?%+53X=NOC!\;/`WQ.U&*__8OOO&$FI^!Y
M19^)(_V7OB'\5_&FL6%U8[TL;U=?TWX@Z5H6G7UY9_:+F?0KC6M=CFO-2E"\
MSJ__``1G\;PZ_P##W4M$^)7@#5O#NAGQ7X8\4>`M:LO%^A>%(/`7B'XTZM\6
M;*3P7:>&[I?[)\3Z2FJ+I/*6^G7$FFZ7*#%%:1HH!^VVH_'#X/:0_B2/4_B9
MX)L7\'WMEIOBA;CQ#IL9T+4=0O!I]E8:CF?_`$>]N+\BR2U;]_\`:_\`1VC$
MP*5Y)\2/VQ_A#\.?B?\`#?X/L/%7C7Q[\4/#8\;Z!HGP]\-ZAXMGM_`AU/3M
M(/C341IB2>1X>6^U6Q1KN,2D0RM=%/L\4DB_FK\1/^"5_P`8M?U;]J>X\'>-
MO@[H7ACXP>/]+^(OPP\$7UI\0+G3O!WQ$B^*&L?$S6/C+J.L"]EUFT^(>I7V
MN2_:M%T>YE\#W^H:?:7<VDP19B'L'[2O_!/OXT_';3/V8M+MOB1\*K#Q-\%]
M(^'5EK_Q];PCXB\._&_2]3\(7>B7GB6_^&5[X/U73-`T_2O&_P#9,UEJ/A7Q
M#:7V@06UX6CLR\4>T`_2V'XS?":>X\56D/Q'\&2W7@>(S^+X$\0Z89/#D(N)
M+,RZLOVC-I']KBDM-TF!]J4V^?.PAY,_M0_LY#3K75W^.'POCTR^FU6WL[^7
MQGH<-K<S:%J-EI&MQPS2WB)(VCZIJ-CI^J!2?L%Y=0V]UY4KA:_!'XA_\$H_
MCO\`!;]G_P"/>G^#;^U^.&OW]W\-8/AW?^%[S7(?C)?>$]/_`&F_`WQG\;_V
MU;>)-4L?"6KZYIVE:!>SZ+!;WUO+JFI(T#W,*7DBO)X+_P""1_C?X_\`P`N8
MO'7A#P/\$->UC]G']N/X+:+X<\9>&I-?\2Q^-?VJ/VA?`?QGTOX^>)[6+5-4
MMO#WB^^M_#GB`>+_``[I&IW)T[5=?^RZ#J$&D6T=N`#^@:3X]_!.+P_<>+'^
M*_P_'AFUUBZ\/W.NCQ5H[:7!K=DJO>:7+>+=F&.]M8V66X@9P\,3"60+&=U.
MN_CS\%;'Q"GA*\^*WP_MO$\L:RQ>'Y?%6C)J\L<GA_\`X2R)X[`W?VF03>&<
MZ[#LC/G:4&O(M\*LX_$?XR?\$8O'OB/7;WQ+\,/B;\-M&M6\;7.NP_##5_#_
M`(BT7X;ZKH?B'X0Z1\+_`!9;ZY:>%IXYCK-W)I;:M;7UI:@3I<R0WK-+^\/N
M%M_P2?CB^*5Q\3?[>^',6H#]I+]D3XR:7(_A.[U+6=(\"_LY_`O0/A!XG^&]
MIK]_(^HFV\92:?JMS;,TBV(TG4Y+'5K6Z:2?>`?J9\&/C9\,?V@_`&D_$_X0
M^+-/\9^"=:>>*QUG3BX3S[8J)[:XAE5)[:YC62&4P3HDGDSP2[=DJ$^JU\A_
ML/?L^>+/V7/V?M"^"7BR_P#A]JS^#==\26WAS6/AYX=O/#5OJO@^?46F\-7?
MBNRNY)1<^-TTYDL]?U&T*V-U]EM/LJ(D>T?7E`!1110`4444`%%%%`!1110`
M4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!3))$B1Y)72..-2[R2
M,$1%499G9B%50.220`.2:?7Q9_P46T+Q#XH_8@_:4\-^%;7Q-?:]K_PVU#1[
M"S\&G6%\47/]I7UA:74.BOX?*ZTE[)92W*K)IK+=1H7>-EVE@`?:"RQLVQ9$
M9]BR;592WEOD*^T'.QB"%;&TX.#Q3Z_ERA\?_P#!0']F.[_:8^'&G>&OB?X\
M\4_LR?#[]G_X/>$/B[J6A>*_$VE_$;]G_5OC=XGNM-^*6A75OIVJ0^*OBUX)
M^"FJ6VB_$&"QT[4=8D\4>%)M5GL[JWU6TC;ZI^#/Q2_:%\1_'/\`85\9_%#X
MK?%!_"OQ&T/XU:%-#X8^$OCM?"'B6[L;Z&_\&Z=\3EU/P3HM_P"#M3N=*-S'
M'KWB71?#=E<S:;'':3J]UME`/W<CN[6:62"*YMY9X<B:&.:-Y8L':?,C5BZ8
M;Y3N`P>.M6*_CK\.0?MS?`;XG_%W]HCPW\-/B)K7B&_\>?\`!5G1_@=/I.D_
M%KQ#XF\2^+M,\=ZSXF^'GAKXO>#_`!%=S^#[GP%/X*T3Q'XJ^`^M:19:/IU_
MK'AS2?"W]I7<OB32[:Z^U)_VP_\`@H%X=^"/@_XS^&+7Q#\8/#7BKXP?$/X.
M:;HVC?"7Q['\0]$M/%?PX\.6WPR\6>)M"\2^"?!NHW8\*_%Z753JNM/H>G>'
M(O"U]&ES?RR:7/)0!_2!17\]?A_]I'_@H/8_'_XR?"OQG?ZE:7OPX\#_`!57
MP[81?#/Q?=:7\1M$\+_"2.Z\(>/O#.MZ;X+NO"0\4ZO\0(FN'TE_&27$XG?2
M[7192B,)])_:F_;<^$.O>.+3XMW'Q+\<_#[P*?\`@G/\6-=\>:;\$M;;58/#
M?Q^UKXO:'^TAX(TO0_#&CWL^NZ5\.XO`7@[5-2M=(M=0\2^&(O%,LVK01P7%
MF6`/Z#:KI=VLEQ-:1W-O)=6RQO<6R31M<0+,-T330JQDB6503&750X&5R*_F
M5\$_ML_\%'_$OB'X0VOB#3?$/@:U\9>-_B?8>'+OQ7\&/']MIWB0:7^TYXT\
M,Z1HWC"UT'P3KUWH4%K\'=,T2?2;C5[CPQ87_P!MBUH:M/$/F]K_`&LOB?\`
MM*_"/]NGQ7)\#KCXFMX@^)'C?]D;PMX:\$Z=\'?$'BGX<_$3PM>ZGH^B?&B]
MUOXDQZ5/H/@V+P#X"O\`6?$PDN]6TP?VCIL<<7VZ\F:SH`_H&9@JEF(55!+,
MQ`50.223P`!R2>!47VFWV1R>?#Y<Q40OYJ;)2WW1&V[:Y;^$*23VK^>[X2?'
M?]LO]HGX$_\`!13P7\4(M<BUG]E/X,>/_P!E"_'AO1+FQ\1?%3]IGP]J/Q,U
M76OBAX6?P[OD2S\1?!F[^`?B3PYIN@NUW9ZGX_UBRF2._L%C7\_]`\'_`+;;
M^&_@I^SOK?A;]H:#P'^Q1\2?@C\1_#OC6"^\?7FH_%O1?C/?>%M9TSP_KUY)
M;QZIXC'PN34O'MGXAL+Z_NK;0H[#1;;5T`8[0#^Q>J]O=VMV)C:W-O<BWN);
M2<V\T<P@NH&VSVTQC9O+N(6^66%]LD;<.H/%?S7>$?VP/^"@OQ9^(WCWX:^%
M-.^+G@#PUK6L_LX#0/'GC+X.:G/XA\"3>/OCEXZ\`?%6QFAE\+Z5X9G3PUX(
MT?1M<>SBNM5T_1FEMM6NM6DL;TM4-I\5OV_/V?+[]L+1?"WA7X@Z[I.A3?M7
M>./@EJ4'P[U#7+GXP_$R/XVBT\4>(O$T:Z<$T>;0_`D>G^*/AEHEA+_8GCE=
M>UW^S#<R^'[*TN`#^E^BOYS/!/Q5_:V^(7C_`/8,^)_C3XI?%.#X6:G\?/CE
MX/UZY\%_"SX@0"Y\-7'@_P`-/\.;#XOZ+K7@/P]K5NU[XB37M,7Q3=>&=.\/
M6D+12"^CDC:=OZ,Z`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`
M****`"BBB@`HHHH`****`"BBB@`HHHH`_'[]M[]MKXJ_`WQ_^V.GPPU"T$7[
M&W_!+CXG_M>7/A/Q!X=TW4O"?CGXH^(+_P"(G_"J1KMY$UMXS?3?!]O\!O%:
MW^D>&-8\/VFJP>.F74+N_O;+3?[)^`;K_@IA^W)\3_@S\2-6\%26%E\._!WQ
M)\":!\2?VH/!W[*OQ=L/BS\`O"6J_"63XD^,CXK_`&+O''C#3?BO=#0=8/A7
M3K+XAPQC3M:\$^-)?%>F^"KC3]$.J7G[?_%W]C;X=_&OXM^)_'WCEK?5?!GQ
M1_99\?\`[)GQO^&LVF2P0_%+X<>+M>BUC18;OQ?I6JZ5X@T)?"UOK/Q*TR*W
MT]I)+R'XA7MS;7FDW>GQRW7%?&/_`()M_LN?&>_75M5\-^*O"NJ7NI_"=_%=
M[X%^(OQ!\*#QQX6^#\.I:=X>\!^*[+1_$]II^J>&-2\/ZQJGAKQ#%):?;M:T
M6Z%M?WDYM;-[<`^.?VQO^"DGQ8^`?B3]@35_A._PL^+/P=^-OAG6OB1\>?&5
MGX=UVUFU7X6:!'\.=/UCQK\+;>[\8VJ^&+33&\>R>-[NS\1S>)+NT\,:+?:<
MQN]1C5Y/A;XN_P#!9W]LVY\>_M,:1\`?!/P6F\*I\2_V(O"W[(M[XY\)>*-2
MOO$WA']HK]I_XP?LR^(/&7B__A'_`(A6T>O:5XNU+X27'CGX;3:4F@7$/A;Q
M%HYU"RGNF=:_H2\9?L@?LU?$"V\&6'B[X1>&-5TOX>_#?QM\(/!VBK_:6GZ%
MH7PU^(NA6'AGQEX1MM$TN_LM*DTS6="TRRTY_M-I-<V<4`DT^>TG9Y6\[LO^
M"=7[%VF2^#Y-+^`_AO2QX!T?]G30/!UOIFK^++"RT'1_V3?&>N?$']GVPM+"
MU\016;Q?#KQ?XDUO5[(W,$\FL/?/;>)'UBRB@MX@#\HKO_@K?\:?CW^T)\//
MAY^S%;^!-`^#?CC]FSXCZ[JGCKQ3X=NM1\8Z#^TEX=^`FI_&M?`\-I<:S+!H
MT/PX%OH6B?$70?%G@J35FF\20)8^7);/)7[;_LL_%/5/C=^SE\%?BSKL=I%K
MWCSX=>&=?UY;"*6&P.NW.GQ)K3V$,R12Q64NIQ74MI')&C);O&I1<8'A6H_\
M$Y/V7M.\%ZEX<^%/@*Q^$'B`W7QYUSPMXV\,76OW>J^#_&/[2FG:EI?Q=\8:
M?9WVO_8[[5?$EIJUXB1:B9K/2<6JZ-!I\5G;1Q_5WPD^&VB_!WX7_#_X5>')
MKJYT/X>>$=!\(Z;=W[^9?7MMH>G06"WU](,A[V^:%KN[?)W7$TC9.<T`>AT4
M44`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!111
M0`4444`%%%%`!1110`4444`%%%%`!CVZ\'CJ/3]328`P```.@P./IZ?A2T4`
M&/;OGIW/4_7D_G6=JVIV&A:3J6LZE*EKIFCZ?>ZKJ%P1\EO9:?;RWEW.0.T4
M$4DC8Y.#6C7F?QI\$S_$OX/_`!3^'=K=2V5UXY^'GC+PE;7<#;9;:Y\0^'M0
MTJ"9"2HRDMTA(+*"N06`.:`/B&]_X*L_LJZ!:^#KCQI;_&+PC=^+_`^A?$R2
MR?X/>,?&W_"'?#GQ5X[O/AYX7\;>/=;^%=EX^\,^%/#6N:_:"2/4M0UT0Z9I
MMU;7VO\`]DH9EA]?^#/[;WPF^/WQL^*WP?\`AIH7Q(\0:#\+-+U&.]^."?#K
MQA%\"_%'CCP?XGNO"WQ8^&/A?XDW&BQ>&=4\8?"R^N_"2ZW;+J/V3Q!=>(]:
MTSP=<:_J'PS^)T'A3\@K3_@E'\4/CUX0^#WQ3O\`6[CX5>/_`(6?L??!_P""
M?@/P9XIU/QQX8M8_BG\#_BE=>(_M'Q:\#Z&]WX/\=?"[QKINFVUI+I'B/2O%
M,EG!J;ZSHUC:ZE';W9^R/V:?V-OCGX)_;=^-GQXUC3_A_P#`WX72:;X[\%3>
M!?@[K_C"X\(_M3Z[\0K+X:>/M,^._C?X?ZO)!X0^'_B_X?>)+SXD>$+C4O#.
MF)XA\::KJ6NZAKMY<:8FDR3`'L-M_P`%8/V&;S]G?XO_`+4\/Q2U@_!SX%?$
M+7_AA\0M8E^&OQ&AUZR\9^'=7GT/4-/T/P=-X73Q5XJMYM3M;VWT[4_#6DZG
MI^J-8:A]AN9_L-T(NY^'O_!1S]D'XH^//BW\.?"GQ,N7\3_`SX7>'_C-\1_[
M;\&>,_#FCZ)\//$OA=/&5CKEMXAUW0;#1-6DM?#<T&I:SIFE7UWJFBPW-J-3
MM+8W,`D_'Z#_`((3_%1_#2>$+WXS^`O^$3U3P#^T+-XS\)1VOB.[T'Q+\<?%
MWQ.^,7BOX!^/_(O],FCT^U^'7AWXNZE!KT^GVUGK%]K5C9^1)>6-K"3U^J_\
M$3OBKK'B*?5S\9/!.C6OB_XA_!_2/BM#IMOXBG_X3?\`9AT+X+_"WP!\:/A'
M>V%YIITJ[O?B%KWPITF'3Y]3L[JSL?"NL:XJS66IW>``?I%^QQ^VO^QE\>]4
MT32OV8+*[TK3_P!H'0?C/^T=HNL77@*Z^&T7Q*U_P%\:[KX*?M`:A>^'_$D6
MB^.#X_\`"7Q&MM$B\83>(/"UE%?Z=XA\/:CI.JZM;B\33OT6K\-?V1/V!_BK
M^SQ^U+^S;;:RVGZEX#_9X^&/_!2KQ+=^-M#@O[?PYK6L?MW?MK:%\8?A]X"T
MP7MO:R/K'@?P'X2O)?%Z^4+:UOY]+-F\]K>VT[?N50`@`'0`9]![Y_GS]:6B
MB@!``````!T`&`/H*6BB@`HHHH`****`"BBB@`HHHH`****`"BBB@#P+6_VG
M/@OX;\:?$OP%KWBN31]?^$/@.S^)7C]M2T76[+2-&\)7TBQV]_!K=S81:7J\
MFYX5FM]'NK^6V>X@AN!%._E"_+\?_`MA\+&^+VO6OBSPQX7:ZL[&TL?$7A?4
MM.\4ZC>ZK?6NFZ)9Z?X:*2ZG<76N7E]:1:;!Y2R-YV^Y6VCAN&A^4_C]^Q'X
M[_:`^*'QFUOQ!\5O`FE_"GXM_`!O@4W@ZU^%6N77C72;5+__`(2.VUVZ\97/
MQ1_X1W6&_P"$H:22\TY_`%G!=^&V71-\-^K:[)Q^A?L-?%KPSX`7X2>'_B1\
M,M$\-W'CE_C4]]I7PJU6Q\'>$OB+I.L>'+KPEX2^'7PUA^)H;P_\/8H=%U&Y
M\2V$_B*YOM2N]<DN=*U72)[4Q7`!]%VW[=7[.%U)X=C3Q=J*'6M2\.Z-K#S>
M'-8@B^'NL>+_`(CWWP?\+:7\2Y9+94\&WNO_`!5TO4_`&GQ:D<'Q!IUZEPUO
M8V[WP]$^#O[2OPG^.VHZWIGP[U;4K^;1]*TGQ';7&H:)J.EV'B;PAK]UJ5GH
M7C7PA?W<*6GB/PKJ]SI-\ECJMA*ZR1I;W+Q1VFH:=/=_GEH'_!*(:/+XF@F^
M,EA=:/\`'+QMX`^)/[3UK!X!U6UO/%_C/X;_`+4/C']K;1I/A%>3?$2]3X7:
M!JWQ&\:7_AW7-*U^V^)%T/`UG9VNDZII_B$W&O2_4O[)?['VI_LWW%E=>(OB
M-I_CZ3PA\(O!?[/_`,.5T?P;<^#(M)^%'P_OK^Z\/GQ2MYXM\7OXD\<W5O-I
MEIK>OV$GAW1KA]*:ZT_PUIW]I300`'V-<^*/#-GJ=KHEWXBT*UUF^G6ULM(N
M=7T^#4[RY>&6Y2WM;"6X6[N)WM[>>=8HHGD:&&64*4C=EW:^=?C-H.B1^+_@
M3KT>CZ8FMR_&[1;:35UL;9=3DMSX#^(68'OA']I:$[$_=F0I\J\<"OHJ@`HH
MHH`****`"BBB@`HHHH`****`"BBB@`JLMY:/=3V*75L][:P6]U<V:SQ-=6]M
M=O<QVEQ/;AC+%!=26=VEO+(BQS/:W*QLS02A;-?COJ/P._:/3]NG]O+QC\'?
MA9>_"?1OCY^R/^S_`/#3P%^T+XBU7P'=^#+OXP?#CQK^T+JOBWQ1?:#H7C+6
M?B(U\OA;XQ>#['PI>ZGX),+WWA&ZT[4[:TT72=,&H`'ZZ?VYHITZXU@:OI9T
MFT%R;O5/M]I_9UJ+)WBO#<7OF_9H1:21R1W/F2KY#QNDNQE8"M%XI\,SMHR0
M^(M"F;Q'')-X>6+5]/D;7HH8O/EET8)<$ZI'%#^^D>Q$ZI%^\8A.:_#WX2_`
MK]H+X:?LK/\`LEZ]\']8UCQ7IGQE^(OQH;1_"GB/PWXH\)>*?@]I_P`<4U/3
M/`>I^)O'_B#2K>37_'FB:D]WHFEZ_=FYN-'T]KGQ'>:7J8NK=.'TS]B?]JBQ
MO8+6Q^']WIMSXW^+/PA^(/P_\6_VG\,O)_98\!^"/VBV^*GC+X:7NGQ>*WNK
M>XUSX?6^H^%K1_AS%XCTK4=0\7M97MY9V$&HW%N`?T":7K>C:Y'=3:+JVF:Q
M%8WUQIE[+I=_:ZA'9ZE:;/M6GW3VDLJV]];>9']HM)2D\/F)YD:[ESIU^=7[
M%7PH^)/@3XM?M1>,_$GPYU_X:?#WXC2_!_\`X0#P[XRA^$.D^)=*O?"FA^*[
M3Q1H=CH/P)U35/A^_@C18=6\.VOA_P`3Z@\?C[7M7/B>V\07>L:!H_@^\C_1
M6@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHKY?_;4&
MI']E#X_KH<GQ(3Q')\+/&,'A4?"1/&+^/Y?%USHMW;>$X-"7P%'+XJW2^(YM
M,2\.G!8EL3<MJ4B:4+U@`?4%%?@W-XF_:FNOB9^R;XUMO`WCOQIX.T[X,?LP
M6>A^!?'GPV^--E=2?$>\^,=YH'[27BOQ!XGLO%?A#3?A9XT\`_"^;1O&HUCX
MR^$?&FB^*=%T-O#WAK3[*?6/$EUJ-7XV:K^T-\7?BCXA\?\`[/4/Q>G\2:[X
MC\'>(/@YXOMM`^+>@>`V_9H7X?:I:^/=+AGNX['P`GBS6_%,.NW6E6-_%;>(
M]4GO?!6H6L4FW0KM0#][J*_F[;0OVB;J/Q$EUX/_`&EV_9=U2VU^P\&^$K;1
M/C?%\3E^-3?`?PS:Z?KFI6)"?$31=(_X7.OBJYTSQ$T^F^$H]=E@UA[L1?8+
MV/\`>SX=Z9\1&^"_@;2O%FLG1_B<O@3PU:^)=9-M;:TUIXICTFS76+AK>YD^
MS7S_`&U;@-YLI5V)<LQY(!ZQ17B7P6UKQ?J3?%32?&7B3_A*KWP?\4[_`,,:
M;JG]C:9H?_$GC\&>"-;@MC9:7$D),5YKE\WG3R7-S)YFUY_*2&*+VV@`HHHH
M`****`"BBB@`HHHH`****`"BBB@`HKYV_:V^(/CGX3_LU?&WXF_#?4_!^C^-
M/`'PU\7^,-"O_'>D7^O>&8[WP[H5]JT4>H:1INO^%[N_^T/:+!%"FNV"F216
M=Y%4Q2?F7XL_X*6?$RQ^)O\`P33\$Z+:^#H-*_:/UCX7Z?\`'O6]0\.ZS=6F
MJW'Q5^"'CWQQI6D_"RXM=3$&F7.B>)_">GR:W?7LVMV\5GKEMI2JMS:7\T0!
M^WM%?CC^T+^W?\8OAI\1_BYJG@J/PQX@\'_";XN>&O@SIOPH@T*/6?$?Q*L/
M%'[+NG_'A_BK8>)(-;L;S38M(\2Z_#X=M[&SL]0T&?0?!OB3[=*NL:O'=>&,
M75_VPOVEM!^$WQQUZ+Q5X?\`%^L_!2;X=^)[3Q;H'PT\,6NE^.-$\;>!T\6:
MWH(TW5OB=86T.D^!+J*?^W+_`,,R^(/&#Z%>6=M;:9<:Q%]OO@#]J**YOP;K
MA\3^$/"WB0M:NWB#PYHFM,]DMPEFSZIIMM?.;1+L"Z2VW3GR4N0+A8]JS`2!
MA724`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`'YH_$?]K#Q5\+?VH?C
MUX$E\3:)X_TCPI^S1I7Q,\"?![PMI]C<^/[?QB-<;3KBPN+:TU&?6M:FO[4C
M6I;5-.MVLM">"Y1)(LSMXA\)_P!MSXE>(OV-%\;>,_'/AO2_C!?_`!PO?AOJ
MFNWNBKX<MO#_`(<3Q]I6B:]XATOP[K<MM/=:?X6T_4UL5U*\"P6TMQ97FJ>6
MVZ)OT?O?&_[-6C?$OQU<W>O_``JM/BY\/?"-IXI^(EPLV@-X[\)>#K^'[)8:
MIXGF@5]:TO3+VU18;-;YH_M-J8A!&\$D1;%&N?LL^)O",WQZ;4OAKJW@;3]+
MUC0;GQ?<KI\N@V,6IZS;Q:WI5U9W$(6VUO4=<%E97NG7%FFM7FH&RLFMI+E[
M>)@#\?O#W_!0G]I#57\2XU;3I;GX6_$WX->#_AMI9T?2C<?M;>%/'7[=7C_]
MG'Q7XNT(07;O=V6G_!SPCIGCNTO/":W-MIMUJC^(]0(T-K</]L_L"_M*?%#X
MYZRK^-?%&F^+K/Q5\`?AC\8M:L=*T^R@M_A#\1O&.JZ]:^)/A%/>64TLK3:)
M':I9C3M92'7+*?0KZ:]0&]\J#Z:LOB]^R!)>?")K#Q=\'#>Z\MM8_!]K9=#6
M>W_M;5F\,:?8Z*R6P;PU)JWB,2>%=+M+PZ5)J7BA)O#=A%/KJ2V"]Q\(OB#\
M`?%VI>.-&^"VO>`-2U3P_JRR^.K#P9'I]M<PZC?7>IVT6IZC'9P6YO[>_O\`
M3=:MK76XOM6GWM]I^K6]M>RW-G>I&`<C\9-:UQ_B#\"]%?PK=Q:''\:-&N(_
M%1U&Q:TFN/\`A`OB!BS73E/VY)"6<>:P\O\`=D_Q"OIRO"_C3_R&?@+_`-ET
MT7_U`_B)7NE`!1110`45\O\`[:/C^^^%O[+GQI^(.E_$S2_A!JOA7P7J&K:7
MX\UB3P[%9Z7J5N8S8V2OXK#:(+W7;HQ:'IPN4DE:^U&W6SBDO#`C?%EC^V1;
MG]HS]@C3)_VF_AQ/X`^/7P%\5Z]XF\)#Q+\.DLO$'BK2_!%G?V7B*WUE;HZK
M/<3^)(=3TZVLK&]33C=V6H68MI;NVD$(!^N=%?BW\8OVZ/C1X;_;=^'WAOP1
MX)^('BWX#WGPJ^.5_P"%?#O@[P;)K<'[0OBKP/X)\)^+M*UCP7XT@CN=*FL'
MU75KGPA8M:WGV."=;;4;V?&LVMJOA-C^W-\</#G[*.I?$3XJ_'&'X=_$CPQ_
MP4)\/?!S6W\?>$-!^&EIXK\)ZSX[\#)XK\#>'-(\<)'?V>B^#_#FN>*=2_T.
M>;Q%I'A_P\9]>U%[6TU.XD`/Z&J*@M;JVO;:WO;*X@N[.[@BNK2[M98[BVNK
M:XC66"XMYXF>*:":)TDBEC=HY(V5T9E8$ST`%%%%`!1110!DZ]K$&@:-J6M7
M,<DMOIEK+=S1Q8\QTB&65-W&X]LU\_?\-/>#_P#H#ZS_`.0/_BJ]>^)G_(@>
M+?\`L"7G_H%?EQ7^=/TT_I)^*'@?Q;P9E'`6-RC"X+.^'<9F6/CF63X?,IRQ
M5',YX6$J=2M)2IP]E%)PCHW[VY^S^&7!60\49=F6)S:CB*E7#8V%"DZ.)J4$
MJ<J$*C4HPTD^9O7>SMV/NG_AI[P?_P!`?6?_`"!_\51_PT]X/_Z`^L_^0/\`
MXJOA:BOXN_XJ`_2-_P"AOPO_`.(K@/\`Y/\`J_I;],_XA%P7_P!`N._\.%?^
MO^']+?=/_#3W@_\`Z`^L_P#D#_XJO?/#FN6_B70]-UVTBDAM]3MQ<PQ38\U$
M+L@#[>,Y0GCUK\FJ_3WX3_\`).?"7_8*3_T=-7]E?0M^DMXI>-_&O%N1\>8[
M*,5@,GX6IYK@H9=D^&RVI'&2S;!8-RJ5:+<JD/8UJB]F].9J71'YKXF\$Y#P
MOE>7XK*:.(IUL3CWAZKK8FI73IK#5:EE&>B?/!.ZUW6QZ'1117^CI^+!1110
M`4444`5)-0L(A>&6]M(QIT7GZ@9+F%!8P&)IA->;G'V:+R5:7S)]B>4K29V@
MFJCZ]H<>E+KLFLZ2FB/$DZ:R^HV:Z4\$A`CF74&F%HT3D@)()BC$@*37XU?%
M'X4?'#5?B'^W79_#_P"`_P`6[#P[X_\`&?[*_CS3=4?6_AW;:-\9M!^$OQ5\
M&:M\>O!/A9Y?B>VHV.H?$[P!;>)-&T*S\2Z?X3T;5].EGTO7=0T))TAD@OOA
MW\0;KX-:M\')_@Q\7FU6P^,/BG]H?P?X#T#1OAIXD\/>&/!?B7XEW\G@7X8>
M.K?6_BCX9T0WVHI)JWBN\TC0/$%_9^'[);D1ZE-=V*64X!^S3>(O#ZWEOIS:
M[HZZA=I'+:6#:G9"\NHID\V&2WM3/Y\R2Q_O(WC1E=/G4E>:GTW6-)UJ&6YT
M?5-.U:W@N9K.:?3;VVOX8;RV;9<6LLMK+*D=S`QVS0.PEB;AU4\5^1_AG]D?
MXD7%A^RUI/CWP##K_BGX,?"OQCXV\9^/7UNVT[4?$WQ$>S\0:'\-?A,NMV.N
MSZI!;Z#8:Y?'5KC9>:%"$T6:QU.:6P0KV'_!+WX,_&KX->'?B[IOQ=\(:_X<
M@UG4?AI=>&[[Q1%X3T?6+R;3?A]I^D>)-%C\,>!_%WC30%TCPQJ-I!:67C6Z
MU6#Q/XXOKO5KG7[.X.EV.O:X`?JC1110`4444`%%%%`!1110`5YM\8?BAHGP
M5^&'CCXK>)-.UW5=`\`^&]6\4ZS9>&M.;5=9DTO1;*;4+^2TL5DB\W[/:6\U
MQ,QD58H(I)3D)@^DUY1\<_AG<_&?X/\`Q'^$UOXMU3P,OQ'\(:WX+OO%&BZ?
MHVIZIIND>([&72M:%E9Z_8ZEI3SWFDW5[8K+<6<K6WVG[3;F.YBBE0`\?\5?
MME_"'PQ>_LTZ->KKM]JG[5&IZ'8>!-,LM+:YETO3/$%G;R6FN^+2&\G1M)>^
MU#3=&C:X;S;W4+R2.SBGCL-0>VP_B-^VW\&O@SXWOO`/B+3M;T_P_P"%+[1O
M!^M>,=.T^T_X1'PYXPUCPY-XB\->!6CBFCN%U34-%M[4VD%O:BW@;4=)M\@7
M:E/.[W_@F_\`"_6;?X":QXE\9^/-<^)/P"NOA/)I7CV#5+?P[<>+=.^#-WKM
M_P"#=!\1Z%H-I9^'(].2[U^]>[FTS2K2]D\V5O/W32[Z&J_\$\].^)MW)K?Q
MM^)VN>*+KQ7<^'O''Q&\+:)H/A+2/"^J?&/P]X:NO#6D>.](O8M!3Q%8G0-/
METRVTW3O[1&GW(\.:5<W]E)--J`N0#?F_P""C'PGCL]3LX_"'CZX^(&CQ7^K
M:A\,(=/LF\70>$]-\%:?\1KKQ48OM?V3[`/!FK:9JL=NTZ74LU[#8*GGEBOV
M]H/C/PYXB\'Z+X\L-4M8_"^O:)IWB&PU6]FBL[;^RM4M8;RTN)YIW2*!7AGC
M+%W`4G&:_.N/_@F3X6CN+_Q2GQJ^(J?%;7$U'0_$GQ131O`2ZUK?@/4OAYI/
MPLF\&2Z0/#`\/6<,/@[0]+M[;6K+3(-;BU"V_M#[:TTLN[]#?#7@7PSX6\#Z
M!\.M-TV*3PIX<\/Z7X9T_3+T"\B_LG2+."RLX+@3AA/MAMX]Q<'<PW&@#S#X
M%7]CJFJ_'N_TR]M-1L;CXYZDUO>V-Q#=VDZK\-OAC&S0W%N\D,H61'1BCL`Z
MLI^92![_`%\__`G3['2M4^/6GZ99VUA8VWQRU);>TM(4@MX5?X;?#*1EBAC"
MH@:1W<A0,LS,>2:^@*`"BBB@`HKYNF_:4T2'X\^./V?O^$#\?R^*O!?P?L_C
M-!J$%EH<FF>,M`O=6UK1(],\'I_;RWUWK']JZ%=Z:D>L6VB6\M]M2.<VA6]=
M/AW^T_X%\<_LV6'[3^J66J^`O!%QX<\0>(]1TSQ5)IHUK0HO#>K:MHNH6&H-
MI-[J.F27_P!OT>>");"_O+>:22)8;B4,&(!])45^;/AC_@IQ\'_%/PC_`&>O
MBK:>!OB59S?M$>/M4\":'X&O]+TY/%7@Z30O&VK^`M<USQRMOJ-SIVBZ3I^N
MZ3);*7O&GO;B9;*SBFO(9HD^E?@?^TMX<^.7CW]H;X=Z5X/\:>$==_9Q^(^B
M_#CQ2OC"VT6V76[O7_A_X3^(VE:YH*Z/K6L/_8][H7B_3O)75/[/U1)$D6[T
MZU?]TH!](T444`%%%%`!1110!QGCKPU\/_'7AW5?!'Q(T3PGXK\*Z]:FUUGP
MMXQL=*U?1-6LW/S07^D:O'/9WD#$<I-`Z$CI7*Z?\-O@AH_AWP?X3T/PA\-]
M#\._#N\_M+X>Z1I&C>&;#3_`>JKIFI:/%JW@^SAMA:^'M3@TO6-4L8+W388)
MH[6_N[?<8;B9'^;_`-IJ61/&VG!)'4?V)"<*S*,^?-S@$<U\X^?/_P`]I?\`
MOX_^-?YN>+?T_,5X8>)'%W`$/#.AG$>%\U>6QS.7$]3!2QB5##U_:O"K),2J
M+_?./(J]3X4^;6R_;.'O".EGF2Y=FTL\J8=X_#QKN@L#&HJ=Y2CRJ;Q,.;X=
M^5;[::_?7@GX$?LW_#V#PVOA7X??#&POO"?@JQ^'>BZZ^D>';KQ)#X.T^SN+
M"#0[CQ!<0R:M=VCVMY?Q7"W-U)]H74-0$NY;ZZ$KF^`O[,#^']+\*-\(_@D?
M#.AZK+KNC>'QX-\%C1]*UF9(8YM3T_3Q8"UM+Z6*VMX9;B")))(+>"%V,4,:
M+\!^?/\`\]I?^_C_`.-'GS_\]I?^_C_XU^<_\5.<9_T:##?^)C5\O^J>]?P/
M9_X@;1_Z**K_`.&Z/_S7Z_TM?UKM+[2G\NTL;S3W\N,)#;6EQ;-LBB4*J1PP
MN=L<:`*%50J*```!6A7Y[?L\2RM\2K(-)(P_LS4N&=B/]7'V)K]":_NSZ./C
M94\>_#^MQO5X>APU*CQ!F&1_V=3S&69QDL#AL!7^L?6983!-.H\:X^S]C[JI
MI\[YK+\HXTX8CPEF\,KCC)8Y2P='%>VE15!IU9U8<G(JE31>RO?FUO:VFI11
M17[Z?(A1110`445\]_M5>/O'_P`+?@%\2/B)\-#X97Q9X/T-M<M?^$ML+_4M
M'-I9SQ-J"O9Z;J&F7$MTUH9%L\W:0)<%'G22,%&`/H2BORGG_;7^*W_"X?"&
MCQ:/HB^#3\8/@1\$_$'AP:1<2Z_KEW\9O@IK?Q4NO'6F:JMZ6L;/P]?:5%I\
M&GBQFMKC2S>7%U*)TCDCZ/Q1^T;^T=I7[5EC\&)])MO#7@[XH>*_B-X'^&NN
M7W@"^U'0M"\->%/V>KWXKZ+\:Y/&5MJTFE^*DN/'&@ZQX)USP?/)H?\`9<>J
M:`D\5O=&VO?$(!^FM%?AMXW_`&X_VI?!/PL^'_C>.;PWXPMO&7Q'^)]UI6M^
M&/AK>75Q>_!3P)=6FB:9\0_%.C#7'MO#/P^U35;/6]6OO%>FW.I:M_PC%]X=
MO-'TN\EO)`G[9Z!J::UH6BZQ%<65W%JVDZ=J<=UILCS:=<QW]G#=)<6$TJK)
M+93+*)+6215=X&C9U#$B@#6HHHH`****`/S]\9_"O]J&P_:D^*7QL^%OACX'
MOHFM_L^CX:>"[OQ/XY\4Z=K=YXUL;T^(M+UKQ9HFF_#C4+.+3?[7,6B7!MM>
MU*[71;&VO4#R$:7#X[H_[.W[3*?!'PG\'+SP#\)-+\<0^.)?CIX]\<6OQ&\1
MZGX6\8_$?2O&FD>((!J%Q!\+O#MXEUXU\O4TO8H=!GC\*6>GZ!&'\0E;B['N
M_P`8_P!M5?@IX^^-OA;Q7\.;W^POA3\&-!^+.B>(+76[6:;QNVN>)(O"JZ3%
MIJV^_18[?6;B.T-U=RS>;Y-Q.$2()EMA^V9=GX<?$O5M5\"0Q?$SX9_&[3_@
M!J7A.QU@SZ#?>-]9NM"BTJ^M]=DMUDCT(VNN+>74DEOYZ"RG@3YYHF4`^'M`
M_P""8WQPLI/']EJOCSP?<:;^TI\1/A3\3_C/>#Q-XFO+_P"$>I?"S]L_Q]^V
M'%X8^$D5QX6MX_%NBZQ<^-Q\/K.\UJ;P;)H@T]_$YT^]^TC1X_L+]BG]E+XF
M?`*?1)?B/J_@^6+X=_`/X=_LV^#+3P7J>LZI#XC\,_#B_P!0EMO'WB7^UM#T
M!='\0:Y9MI8D\/V$>KV^F7+:LHUN^ADMI'\;TO\`X*H:+J2>*[A/AT#9_!+Q
M[\.OAO\`M%30ZZ7;PKXD^)/[4OBG]DS3E\&1M9H?$5MI'CKP?JWB+5&N#;&3
MPV]G';$WTK%?IC]EC]KR?]HO5HK2]\%)X3L?%GPA\#_'SX:W*:K_`&C=ZO\`
M#'Q_>:A:Z.?$-IY,8TCQ':Q0:;=7UG#-<6X_M7[/&Y>QEDE`.]^,GA*QB^(7
MP+\6KJ?B=[Z?XT:-9-IDOBC79?#*1GP%\0!YT/A=[YM"ANQY8Q>1V*W(W.1)
MF1\_3M?+_P`9/&_AR;XB_`OP1'<:@?$=O\9M&U&6W;0/$$>GBT'@+X@$NNOR
M:6OA^67]ZG^C1:H]T<L!#E'V_4%`!4%S.MK;7%RX9DMX)9W5<;F6&-I&"Y(&
MXA2!D@9ZD"IZSM8_Y!.J?]@Z]_\`2:6N;&U9T<'BZU.RG2PU>K!M72G3I3E%
MM/1I-+1[FE&*G5I0E\,ZD(NVFDI)/\&?.%W^TQX%NXI;2\\,:_=V[_)+!<VV
MCSP2A6R`\4NH,CC<`0&4\@'J*Q-3^._PGUFPFTS4_`.HW=C/876EO`^G:&@7
M3KV&2WN[2&2*_26WAG@EEB=;>2+*NP!&:^/9/]9)_OM_Z$:97^#L_I^?2/4Y
M)9_PY92DE_QBF4[)M?\`/L_J]>$G!;2?U/&;+_F88CR_O?U?TM]J:9^T9\.=
M%L-.TO2?"&MZ?I^D646G:7:6MKH\4-C8P1QPQ6MLJZC^ZA6.&)=JGYA&I;<1
MFGW7[1_PZOD$5[X/U>\C$_VH1W5AH=P@N2"OV@)+?.HGVDKYN/,P2-V":^**
M*G_B?WZ2'_0_X<_\13*?_E8_^(1\%_\`0)C?_#AB/_DOZOZ6_5/P3XNL/&^@
M6^O:9:W5G:32S6Z07BPK,AMR%.5MY9H@IR-H#].H%=;7B'[/7_)--._Z_P#4
M/_1B5[?7^U'A%Q'FG%_A=X?<4YW4I5LXXAX1R'.,SJT:,,/1J8W'Y?0Q&)G3
MH4TJ=&$JM23C3@E&"LEHC^9>(\%0RW/LWP&%C*.&P>88K#T(SDYR5*E5E&"E
M-ZR:25V]6%%%%?HIXH4444`<-\3/^1`\6_\`8$O/_0*_+BOU'^)G_(@>+?\`
ML"7G_H%?EQ7^-W[3'_DX'AM_V1V8_P#J[JG])^"'_(FSK_L9TO\`U%@%%%%?
MYH'[:%?I[\)_^2<^$O\`L%)_Z.FK\PJ_3WX3_P#).?"7_8*3_P!'35_I+^S0
M_P"3F^(7_9"4O_6@RT_%?&[_`)$64?\`8V?_`*AUST.BBBO]FS^:0HHHH`*0
ML%&6(`]2<#]:6O`/VCKN[LO`D$MG<W%I*=9LU,EM-)!(5*397?$RMM..1G!K
MX;Q,XVI^&_`'%G'=;+ZF:TN%<FQ6<5,NI8B.$J8R.%2;H0Q,Z5>-&4[Z3E1J
M)?RL]7(\KEG>;Y?E,:RP\L?B88=5Y0=14W._O."E!RM;;F7J>^>9'_?3_OH?
MXT>9'_?3_OI?\:_)G_A(->_Z#>K_`/@RO?\`X]1_PD&O?]!O5_\`P97O_P`>
MK_.S_BIQDO\`T:/-/_$MPGE_U(O7\#]D_P"(&XG_`***A_X;JG_S4?K-YD?]
M]/\`OH?XT>9'_?3_`+Z'^-?DS_PD&O?]!O5__!E>_P#QZG)X@U[<O_$[U?[P
M_P"8E>>H_P"FU-?M-\E;2_XA'FFK2_Y*W"=;?]2+U_`/^(&XG_HHJ'_ANJ?_
M`#4?K/FBL;PXS/X>T%W9G=]&TMF9B69F:Q@+,S')+,222222<FMFO]0<!BOK
MV!P>-4'36+PN'Q2IM\S@L11A54'*RYG'GY;V5[7LMC\*K4_8UJM*_-[*I.GS
M6M?DDXWMK:]KVN[!111749A1110`4444`%?,?[9_B[5_`/[*GQ]\:>'_`![J
M'PT\1>&?A;XQUCPUXPTJTTF]U*P\36>B7DOANTL;;6]+UK3I;K5]=&GZ1$LF
MFW,S->A;3R;LP7$7TY7.>+O$WA3P=X;U?Q/XYUO0_#?A/1K.2^UO6_$E]9Z;
MHFGV4.&>>_O-0DBM(8@=H7S7&^0HB!I&52`?D7>?M3V>OZ[_`,$\]-T?]I'7
M?#_Q,^*.G?#/Q/XVM=0FTI/AEX@\`V[W6G^.M/\`$.CSZ);3:I\0OBKXANX?
MA]X-M[/4A>Z!K%J/%FG:;9:?X;\1OJ?G7Q^_:B^.EY\7?%VK?`#XAZUXAU:Q
M\7^$K#X;?#SP]<Z=J?@?Q-\`[[P!JM[X^^*CZ._A^>36-4T3Q9::\EKJ2ZM+
M]GG\*Z=:VD*P7E_;:C^P&I_%/X*V&H^"M%U3QEX'MM2\?0:<?`UI-?:>LVN6
MVL7*VFB/I3+Q'!K6HSII^A2EX$U;59!I^EM<Z@?(J!/B/\#?A[X@T3X0KXM\
M#>%/$6E^'(CHG@UM0L-.NM/\-Z?93R01PPNR):6R:?IEW<002RQRW%MI]W<Q
MQRQVMQ(@!^$K_M._'FZ'B/1G^-/Q-M?V?39>(+CP;\=+::R?QGK?Q=M/@)X9
M\5V7@.RUH>%S&;*#XKWWB*PB\-W.CW=O>7.FQ>'&+V$$VGS_`+R?#W6?B)J7
MP7\#Z[KNBVK_`!.O_`GAO4-<T35;IM&MAXGN=)LY=5M;VYM[*]:QV7;W`D,5
MC+L<;5A4<+STW[1W[.UMX0?QK-\5/A_%X-M]9?2I=9;5;/\`L^WUB&-KV1)5
M`+PF&V5M2DO'B6WBL`=3>X6R'VBO<[:YM[VV@O+.>*ZM+J&.XMKFWD66"X@F
M020S0RH622*6-E>-T)5E(920:`/GO]GN?6[FY^.D_B/3[#2M:D^..J&_T_3-
M0EU6PMI!\.?AHL:V^H366G2W*M`(I&9[*`I([QA6"!V^BZ\+^#/_`"'_`-H'
M_LNFH?\`JL_A?7NE`!5>>[M;7;]IN;>WW9V^?-'%NQUV^8RYQWQ5BOD;]JC_
M`(]O"G_7>^_]%I7Y1XW^)=7P@\,.)_$2CD\,^J<.TLOJ1RFICI9=#%_7LUP.
M6M2QD<+C94?9K&.LFL-5YW34/=YN:/T'"V1QXCSW`Y-+$O"1QCK)XB-)5G3]
ME0J5M*;J4E+F]GR_'&U[ZVLV:K^SCIFH?M'^(/VEK/X_?$30_$^M_"-O@Y9^
M%M-_X5-+X2\.^'HI]1U33M1TE-5^'NI:]-K.D^)M7U+Q1:2ZSKFJV4VI7)L]
M1LK[0HH=(C\Y\"_L9>&/"?PS\'?`#Q+\8_$?Q7^`OA[_`(334M8\,>/7\#V7
MB'Q!K>N:_I'B/PM"VO\`P^\+^")].T?P=K@\2>(K%[![?6;G6M5M([[4+O2+
M"WT^'P&BO\Y_^*G>:?\`1F\!_P")SB/_`*%#]F_X@90_Z*6M_P"&J'_S?Z_T
MM>]\/?\`!*W]B_PYX!\!>!;6+Q1<S?#GQMJ'C;P_XSN?B+J"^,'EU'XDZI\4
M9M`U&]M;BVTZ]\/+XCU-ECM)-+^U"UMX9#>G4'N;Z?Z(^!/[,OAWX)?&/]H?
MXN:7\:/B%X[U/]I3Q9H'C#Q/X3\73?#1O#N@:UX9\)Z+X%TAO"O_``BG@7PW
MXB6.W\(>&M`T5HM9US61.FFB^G$NIW5Y>S_'5>D?"#_DI?@__L++_P"B)Z^E
MX,_:-YEQ7QAPIPM/PEP6!AQ+Q+D602QL>-*^(E@XYSFF%RZ6*C0?#%%5Y8=8
MEU51=:DJCAR.I#FYEQ9CX+T<!E^/QRXAJU7@L%BL6J;RR$%4>'H3K<CE]>ER
MJ?)R\W++EO>SM9_IQ1117^I1^#!1110`4444`?!_[3G_`".^G?\`8#@_]'S5
M\WU](?M.?\COIW_8#@_]'S5\WU_SC_2S_P"4C?%K_LJ)_P#J!@C^T.`/^2-X
M>_[%\/\`TY4"BBBOYW/L#W/]G;_DI=C_`-@S4_\`T7'7Z&U^>7[.W_)2['_L
M&:G_`.BXZ_0VO]S?V=7_`"8+&_\`9?\`$/\`ZK\B/Y8\9?\`DK:7_8HPG_I[
M%A1117]YGY,%%%%`!7"_$?X8_#GXP>$M0\!?%;P+X3^(_@G5GMI-3\)^-=!T
MWQ+X>U![.9;BT>\TC5K>ZL;A[:X1)H&EA8Q2JKH0P!KNJ^1/&G[0WB/PUXJU
MS0;71M*GM]+OGM8IIGN!+(JHC;G"G:#ECTK\K\6/&;@/P5R;+<^X_P`?C,OR
MW-LS_LC!5<%EN,S.I/'/"XC&>SG2P=.I.G#V&&K2]I)*%THWO)(]_A_AK-N)
M\37PF44J56MAZ'UBJJM>G02I>TA2NI5&DWSSCHM;7?0[^+]EO]GBQ?3[O0O@
MU\-O"^M:'X)OOAWX9\2>&?!?AO1O$?A/PA?V4]A)HWA?5[72UN=%M(+>YE6T
M@M"L%N6PD7EED:?P'^S#^SM\,;J34?`7P3^&'A?5KCPA9>`;O6]*\%>'[;7+
M[P78:=I6DP>&;[6%L/[1NM%;3M#T6UNM.FN'M;R/2-,%W%,;"T,/B/\`PU%X
MJ_Z`&C?]_+K_`!H_X:B\5?\`0`T;_OY=?XU^"_\`$_/T;/\`HIL^_P#$2SS_
M`.93ZW_B$G&O_0%A/_#AAO\`Y/\`JWH>_>)OV=?@'XTT;P7X=\7?!;X6^)M!
M^'%I::?\/]&USP)X:U/3/!6GV%K;V-EI_A>RO--EM]#L+:RM+6TALM.CM[9+
M:V@A$7EPQJOL4<<<,:111I%%$BQQQQJ$CCC10J(B*`J(B@*JJ`JJ```!7P__
M`,-1>*O^@!HW_?RZ_P`:]=^#_P`7]9^(FL:EIVI:;864=E8I=(]HTS.[M+Y9
M5A(<;<<\<YKZO@?Z8O@7XB<5Y-P7POGV<8K/\_Q%3"Y;A\1PYFV#HU:U+#5\
M7-5,3B,/"C22HX>K)2G))M**U:1Y^:>&_%639?B<SQV%PU/"82"J5YPQM"I*
M,7.$%:$).4GS32LEW>Q]#4445_49\&%%%%`'R;X\_8P^"WQ*^)7C;XI>-6^(
M&M:Q\0/A\WPQ\2Z%/\3/&\?@>?P=Y:F/3K3P7#K<?AS3GMK]1K=K=V-A!<6V
MOEM;BD746:X//-^P[\(I]+7P^VN_$27PC-+JFOZW9_\`"Q?&#:YXI^(FH:KI
M&IQ_$OQ/XS&N'Q!K/B_13H.F0Z%JMU>-=Z2D$BV]PL-Q-"WM'[2$'B>Z^`GQ
M=MO!FG>(=6\5W'@'Q'!X?TWPG?'3/$EYJDNGRI:PZ/?`JUO>F1@8VC997P8X
MG21U8?CK\.(?CSX(_9+\3_!BXTKXHS?%#QQ\4K;Q=I<&C:'XXTAM9^$'ACQ#
M\.[WXG67AGP]KM_>^)OAY9:KX:&OZ98:)=:[=3^(-0?6/[(NS->O#$`?HWIG
M[`'[+^DWGA6]M/#&MYT6[T/4M3MKCQUXKNK+XF:SX7^(.K_%SPSKGQ6M+C6)
M(?B?KGA_XHZ]K'Q"TO5?%RZO>VOBO4+G6%F-P^X>J?`[]F+X/_L^2:J_PTTS
M6()KW2],\-POKWBOQ!XLE\.^$-%N]1OM!\#^&6\0ZEJ+>&_!VB7&JWK:3X;T
MK[)IEE$\,$-NL%I:QP_BE9_"?]J>XU[Q#!!X.^-,>A>(/$>FZY^Q-!/+XMM;
M;X)&/]L7Q1XNU:?XAW']J1W/A:!_@?<^!H&TOQC<7]M/X*TG5O!J6IMIM6TZ
M]^POV,O!OQ^TC]I"_P!3\5:'\0=!\-6'PR^,6D_'34_')\0#3?B'\:M4^/Z:
MK\,/$?@M]3U"[TK5-'T_X8P>(([*\T*"VLM)\/:IH.B!8XH[2VA`/OWXT_\`
M(9^`O_9=-%_]0/XB5[I7R_\`&/3?&2_$7X&:E-XITB7P:_QGT:*#PLGA62+5
MX;__`(0+X@8O'\5?\)%)'-`"LI^Q?\([$2)%'VH>7E_J"@`K.UC_`)!.J?\`
M8.O?_2:6M&L[6/\`D$ZI_P!@Z]_])I:XLR_Y%V/_`.P+%?\`IBH;8?\`WBA_
MU^I?^EQ/R3D_UDG^^W_H1IE/D_UDG^^W_H1IE?\`*?4_B5/\<O\`TIG]\K9>
MB_(****@9^B/[/7_`"333O\`K_U#_P!&)7M]>(?L]?\`)--._P"O_4/_`$8E
M>WU_TO?1Z_Y,7X1_]F]X5_\`51A3^).,O^2KXA_[&^._]/S"BBBOV(^:"BBB
M@#AOB9_R('BW_L"7G_H%?ELQ(5BJEV"DA`0"Q`R%!8A06/&20!GDXK]2?B9_
MR('BW_L"7G_H%?EQ7^-W[3'_`).!X:_]D=F/_J[J'])^"'_(FSK_`+&=+_U%
M@?"7C3]MIOAV?'\7C3X->(="F^'^K>`M*U&ZN?'?P[_X1Y&^(FI7]CHMQJ_B
MG^W!H7AB&UMM.FU75O[;N[=M.T]X)K@*+B$O!>_M\>!-.\<6W@"Z\(ZNVM:Q
MX>T/4_#-S8Z[X?U+0M>U77K/2-0M+&V\0V5S+H9T#[#JTMVGC*UU"^TBY@\-
M^+VMXW?0A'>?0!^!6G66A>.=,\,^./''A+6?B)XUO/'/B?QEI-QX>O?$EY?W
M=M::<-*5_$/A[6M,BT&TTBPLM)LM/73MUM:VY>*X6ZN+F>;R[7/V(_A-K_@3
M0?AW=ZGXN70?"?AVQ\/^%"+_`$JXN=!DAUZ/Q%JVN6RWNCW-A<:QXEO8+:+6
MGN[":Q:TM+:&QL;)H5DK^(\%B_"^HJ:S+*<51O5A0G4P.*S=RBI8'!1JX[ZO
MB*]:*H4<RI8J=+!+&5,3BL%C*W/7P5;!86EC/T^K3SU7]CB*<K)S2JT\.D[5
M:CC1YXQB^>5"4%*JZ:A3JTXVA5A5J2I?8,4GFQ1R?+^\1'^1Q(GS*&^61?E=
M>>'7AAR.#7Z@_"?_`))SX2_[!2?^CIJ_*7PQX?L?"7AO0?"VEM<OIOAS1]-T
M2P>]G-S>/9Z7:0V5LUU<%5,]PT4*&:4JOF2%FVC.*_5KX3_\DY\)?]@I/_1T
MU?VK^S54(^*/B*J4G.FN!X*G.4.24X+B++5"4H<T^1RC9N//+E;MS2M=_F7C
M9?\`L')N96E_:OO)/F2?U*O=)VC>SZV5][+8]#HHHK_9@_FH****`"OGC]I?
M_D0(/^PW9?\`H$U?0]?/'[2__(@0?]ANR_\`0)J_!?I1?\H]>+W_`&1.;?\`
MI$3ZW@/_`)+'AW_L9T/U/@:BJE_?V>EV-YJ>HW,5GI^GVMQ>WUW.VR"UM+6)
MY[BXF<\)%#"CR2,>%52>U>;1?''X/SZ8NLP_$CPA)I3:NF@?;UUJS-L-9D@2
MZ737D\S"71MI([@QOM*P.LK80AJ_YPZ&"QN*BY8;!XK$QC.-.4J&'JUHQJ3^
M"#=.$DIRL^6+=Y6T3/[0G5ITVE.I"#:;2G.,6TMVE)K17U>R/5*<GWU_WE_F
M*X>'XD>`KBYN[.#Q=H,UW8ZQ::!=6\6HV\DT6M7Z&2STT1HQ:2ZN$5WCCB#Y
M5)&)`C<KW"??7_>7^8J9T*]"=-5Z%:BY.+BJM.=-R349)Q4XQNG&<9)K3EE%
M[-7<9QE?EE&5M'RM.VZUMYIKY,_6/PU_R+GA_P#[`FE?^D$%;=8GAK_D7/#_
M`/V!-*_]((*VZ_ZHL@_Y$62_]BG+O_4.B?P5C/\`?,7_`-A-?_T[(****]8Y
M@HHHH`****`"OG_]JOP'XL^*7[.'QK^&W@3P_P"%?$OC#Q]\-_%O@SP]IGC7
M7KGPSX:34?%.BWF@Q:IJ.M6?AGQ?<VHT5=0?5X$AT&[>[N+**S$ME]H^W6_T
M!10!^+&H_L,_M'>([#P=8:U%\-]%M_$OPY_8;\*_$O4-+^(?B+7M5^%-_P#L
M4_'O4_C9<7'PR@E^&FE+XX7XLV<]KX:3[5/X#?PIJ7GZO=)XEMA'8NOQ,_8Q
M_:)_:4U;Q!X@UG3/"GPGT/XJ>,/`OQRN;J^^(VMZO\0O`>O^$O`=QX5L?A#>
M>';7X<VFGR^'=9-IHU[XCU.R\8VSZ;-K?BFRCT*^FLK>?5_HK]KK]LOQI^S[
M\;?@W\-?#7ACP_K6D^-KCP!-XDO]5?5?+T[3O&OQE\+?"^ZEUS6-/@FTWX>V
M-AI>M:GKGAO7/%&-/\:>(=*?P=IIAO%NKJWP?VB_V\?$GP*^)'B2`>#M*UKX
M;>!?''PC^&GB"".;4&\::WXE^,%AX@O-/U+18X+>33K;1M`;2;*&Z-VY>\:X
MU#Y[8:>OG@'S.G_!/_\`:B'BC7?BV]I\&)?%OBG0M<^'5Q\(Y_B7XIE^''AC
MP]JGP,\+_!V#Q[I7B7_A4:WFHZ\+[PU_PD][X6?P?IB26NI3:=%XH^U1&ZG_
M`%^\$?#0>&O@]X/^%&J:_K5\?#G@GP_X1O?$>CZKJGAS6KV31M,M+"74K/5=
M)O+;5=-N+E[8RB6UO8YT#E?,Y;/Y?6/_``4%^..K:WH_PZLO"/PX@\=^._`=
MA\8?"&L7$OB67PKHW@6[^'DOCY_#OB@6]J\__"5JQM-)AFM)?L4\+WFI*@:V
MCM)OTF^$?QFA^)W[/WPV^.W_``C>NP0^/OAOX5\?_P#"+Z7IUWJNO6R^)-&L
MM5_LRVTZ...[NKJW-WY1B\I)3L8LBD$``P?V>-#MO#<_QST2SO-9O[:P^..J
M1Q7GB'7-6\2:S.)/AU\-)RU]K>N7=_JM_(K2LD<EY=S/'"L4",L,4:+]&U\Y
M?L\:TGB*?XYZS'INLZ0E]\<=4D73O$.F7&C:S:^7\.OAI!MOM-N@+BU=S$98
MTD&7@>*4?*XKZ-H`*^1OVJ/^/;PI_P!=[[_T6E?7-?(W[5'_`![>%/\`KO??
M^BTK^6/IJ_\`*-'B7_V#9#_ZU&2GWWAC_P`EODO^+%_^H.)/CBBH+FZMK*%K
MB\N8+2W3`>>YFC@A3<0J[I965%W,0!EADD`<U7BU72YWMTAU*PF>\CEFM$BO
M+>1[J*`D32VZI(3/'"582O$&6,@AR,&O^>A0FUS*,G&[7,HMJZ7,U>UKJ/O/
MLM=C^P;J]KJ_;KO;\]/4OUZ1\(/^2E^#_P#L++_Z(GKRJ#4M/NA$;:_LK@3/
M-%"8+J"42R6QVW$<1C=A(\!!$R)EHCPX4UZK\(/^2E^#_P#L++_Z(GK]%\'U
M*/BYX6J2<7_Q$;@C1IIZ<3Y8GH_-->J:/(XA=^'\\MK_`,(^9_\`J%6/TXHH
MHK_IY/X7"BBB@`HHHH`^#_VG/^1WT[_L!P?^CYJ^;'D2/!=T0'@%V"Y^F2,U
M])_M.?\`([Z=_P!@.#_T?-7YF?M=>`KKXB_":X\+Z+X;U77O%FOZMIOA;PW?
MZ7J6LZ9_PADGBFZBTK6?'EY-I&IZ86@\(:"^HZY`ETUQ%+J%E96JP.]T%;_G
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M3YJ=D^>/L*<X)SYH*4E[-N#E&<H-2/V@_9V_Y*78_P#8,U/_`-%QU^AM?GE^
MSM_R4NQ_[!FI_P#HN.OT-K_9#]G5_P`F"QO_`&7_`!#_`.J_(C^;O&7_`)*V
ME_V*,)_Z>Q84445_>9^3!1110`5^87Q8_P"2C^+_`/L+R_\`HN*OT]K\POBQ
M_P`E'\7_`/87E_\`1<5?YP?M+?\`DU7`7_9P8_\`K.9V?M/@C_R/LW_[%'_N
MYACSRBBBO\7C^EPKZ>_9=_Y&G7_^P/%_Z4U\PU]/?LN_\C3K_P#V!XO_`$IK
M^E/H??\`*2?A1_V/,=_ZH,W/BO$7_DBN(/\`L$I_^I6'/N*BBBO^BP_C0***
M*`.'^)GQ$\+?"3X?^,?B;XWU!-*\(^!?#^I>)?$.H2-&B6FEZ7;O<7,I>:2*
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M$`"!/^"DOPM:ZU/3CX*\:#4_A]K=MH_QXL0^C;O@M'>?&;5?@/::KK5P][':
M^(;"7QWH.O3,-!FFN8_#&BW^M&W,[6.FWOLOP;_;`\`?&7XC2_#G2='US0[_
M`%3PQXP\<_#_`%#69-,^S_$'P1X!\>I\-?%7B72+:TO)[VQM+/Q3<Z<MI%J$
M,<M[I6J6&H8@=YK2'Q6U_P""9WPDAU2ZU>Y^(WQ7O;GQM<VUY\?(Y9?AY#!^
MT/=67Q?U3XZ64GC_`.R?#^"X\/10?$+7=>F:U^%MQX!MKCP]K=_X:GB?3UT_
M[#Z_\%/V,?A[\$OB7>?$_3/%7CCQ?JUGX:\8^!OAYIOC!_",FF_"KP%X_P#B
M"?B=XL\'^$9_#OA/P]K&H:9J7BN'2VBO/&>J>*=:L=)T+2-*M=32)=0DU``]
M#^-%W:GQ#\!K07-N;I?CEHKFV$T9N`G_``@?Q#^<PAO,"\CYBN.1SS7OE?-?
MQE\)^%X?'/P*\61>'=%C\43_`!KT:RF\0IIEFNM2V9\!_$$&UDU-81>/;GRX
M\PM,4^1?E^48^E*`"L[6/^03JG_8.O?_`$FEK1K.UC_D$ZI_V#KW_P!)I:XL
MR_Y%V/\`^P+%?^F*AMA_]XH?]?J7_I<3\DY/]9)_OM_Z$:_([_AJWXN:'^TI
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M=7'A;Q7\=M,\5:%J?A;4-+U2_P!*^'(^(6H:[JY\,QV$<^I:)X/TAO`]P]P;
MG39K+4=#E\/W$_V[QA"]O^QOP+\>:;\2OA3X0\6Z5>:MJ-O/;ZEH<^I:VD(U
M#4]5\'ZWJ7@_7=2::U_T.^M-0UO0=0O-,U:Q_P")?K&F3VFJV'^AWD%>E'2=
M+)W'3K$MMO5R;2#.W42AU!?N=+XQ1F['2X*(9=Y48M6UM;V<$5K:00VUM`BQ
MP6]O&D,,,:C"I'%&%1%`Z*H`%>GQ=Q9DG$>'C'+^$\%P_BH9EB<5&M@)X:%)
MX#$5<75AE]3#X;+\)&H\-*O35'$J5.T(5(.@XRI^QY\NR_%8*;=7,*N,INC"
M#C64W+VT(TXNM&<ZU1Q4U"7-"SU<6I)J7-^B_P"SU_R333O^O_4/_1B5[?7B
M'[/7_)--._Z_]0_]&)7M]?\`1!]'K_DQ?A'_`-F]X5_]5&%/X[XR_P"2KXA_
M[&^._P#3\PHHHK]B/F@HHHH`X;XF?\B!XM_[`EY_Z!7Y<5^H_P`3/^1`\6_]
M@2\_]`K\N*_QN_:8_P#)P/#;_LCLQ_\`5W5/Z3\$/^1-G7_8SI?^HL`HHHK_
M`#0/VT*_3WX3_P#).?"7_8*3_P!'35^85?I[\)_^2<^$O^P4G_HZ:O\`27]F
MA_R<WQ"_[(2E_P"M!EI^*^-W_(BRC_L;/_U#KGH=%%%?[-G\TA1110`5\\?M
M+_\`(@0?]ANR_P#0)J^AZ^>/VE_^1`@_[#=E_P"@35^"_2B_Y1Z\7O\`LB<V
M_P#2(GUO`?\`R6/#O_8SH?J?G_=0QW%K<02P0W44T$L4EM<(LEO<))&R-!.C
MJZ/%*"4D5E961B"I!Q7YG^*/V?\`XPZ9\#K7PAX=^%/P[\4^,/C%\2=;\<_'
MDIXIT_PM_P`(MI^OR#_B3>!M1E\':O!=W6D>&-.\/^`;75!8Z;(;'3Y=4\LS
MW,B']-Z*_P"=K(>),;P_/FPM#"XB$L9@\;4HXKZTH5*N`ABOJL)RPF*PE7V-
M.OB8XQTXU(JIBL)@YSYH4?9S_L?%X*EC%:I*<'[.I24H>SNHU73<VE4IU(\S
MC3=.[B[4ZE1*SDFORTU[]DGXK>'_`(IZ7\3_`(+V.A^%UMO$GAY_^$8U[Q1/
MK-E8P/':GQ-X@@-WIEQ;[HX)=3TNPT^W@@F>)VNX;JRGO;C;^I4&_$/F$&3$
M?F%1A2_&XJ.P+9Q[4M.3[Z_[R_S%7G?%&9\2+*XYFL/4J971^JT,3"G/ZW5P
M[=+DIXO$U:M6KB52=-RI2J2YHRK5FW)ST,)@:."=9T.=*O-5)P;7LXSUNZ<(
MQC&',FE)15FHQLE8_6/PU_R+GA__`+`FE?\`I!!6W6)X:_Y%SP__`-@32O\`
MT@@K;K_J&R#_`)$62_\`8IR[_P!0Z)_"F,_WS%_]A-?_`-.R"BBBO6.8****
M`"BBB@`HHHH`\#^*'P2^`?COQAX4\9?$_P`.>&+SQ?:R:-H'AG4=:U#^S[C5
M9=(U]?%7AS0_LC7MK!XC.E^)$;6]'TFZ@OQ;ZA)<3P6^;B<2<-H'[)W[,GAC
MQ)X0GO\`PQH.N_$?2=+U`Z=JOBC5Y=1\4:^7O]?U;4];N]-O+]EU:XMM1\6^
M(KFWO&L9_P"Q(]7FM;"2TMDMXX_F;]K/X,_M,:_^U?\`#7XN_"2UU?7_``YH
MGP^^'_AG0;'[#\$=3\#>$?$VE_':R\4?%/5_B+!\4=.O?'&G:/XJ^%\NF_V3
MJOP3N--\9C6O`%O;/?QW+:%;W?@7QB^"G[2/[2/Q&N?'_P`.?AKXN^';_$+Q
ME\)/&O@WXQ>*]5^'UIJ'P_\`AW\,#\0M(\1^";RQL_%UWXTT9_B1;W6F^(?#
M<6A:7?V5UIGC>!_$-WHM_IVJ65B`??C?LN?L51>"=2T5O!_PXA\&VOBA+K4K
MH>)C##I_B..VGT6/3)]>76TN=/\`+L[V?28]`:^AMDM[@V:V(!11]@:5IVFZ
M/IFGZ5H]I;6.DZ;96UCIME91I%:6MC;0I#:V]M''A$@BA1$B5/E"`8XK^?C3
MOV/_`-H>VDT'Q;J?[.>IZCX0TSP=IO@'QG\#/[8^"M]JWQ$^(5G\*;_P7)\<
M+YM1\=1^$;JQCUR6?[/>ZEXC7QE/8ZW+?W&BJ4NH8OV<^!_P_P#B'\/?V;_A
M/\,]>\76=Y\3/!OPN\&^%-;\97FEOK5E>>)M$T*PT_4]6FTM=2TU[V.YNK>=
M_*74[?.\,)R!\P!-\&?^0_\`M`_]ETU#_P!5G\+Z]TKYT_9[MM:L[GXZ6WB+
M5;+7-9B^..J"^U73](?0K.\D/PY^&C1O!I,FIZP]FJ0-%$R'4KK>\;3;D$@B
M3Z+H`*^1OVJ/^/;PI_UWOO\`T6E?7-?(W[5'_'MX4_Z[WW_HM*_ECZ:O_*-'
MB7_V#9#_`.M1DI]]X8_\EODO^+%_^H.)/SD^-NFOJ?PJ\<16W@9/B3JEMX?U
M"_T#P/)<16D?B3Q'96\D^@:;+=3W%K!:PS:JMJ)[F68);P>9,4D*"-O@&Z^"
M>K^"O$O[*/P7M/AE\3M4TKP)H>CZIX]^/O@R;2_(E\1S76NRW?AR5[WQCIFI
M:9X?U+Q7XA\0>)_%)@T?4XK?09K/1-/M+DS1-IWZI45_@ED7%V.R'"5,%0I0
MK8>I5QF(<*F(QE-+%8C+:V68?$J%'$4Z7/@:.)Q=2A%T^2K5Q%\7'$1H8:-'
M^LL5EU+%U%5G*49QC3A>,*3?LX5X5YPO*$I6JRITU)WO&,/W?(YS<ORA^`/P
MB^.WP7^-^B1:?X6\3^*OA5KNI^(8$UCQKK6G27?@O2XY[?1;S5Y[*SO42'6M
M?M=$L=1MOL]M>F_M;B2:\FM[R[N4K]IOA!_R4OP?_P!A9?\`T1/7F]>D?"#_
M`)*7X/\`^PLO_HB>OO\`@7B;%<5>-'A+C\;A,'A\51X[X%PE6KA(UH/%JGQ5
M@)PKXB-2K4A[?EJ*$Y4848U''VDX.I.<GY69X&G@.&\_HTIU)TY97FE2,:CB
M_9WP%5.,&HQ?+=72DY-7Y4^5)'Z<4445_P!*I_$@4444`%%%%`'P?^TY_P`C
MOIW_`&`X/_1\U?-]?2'[3G_([Z=_V`X/_1\U?-]?\X_TL_\`E(WQ:_[*B?\`
MZ@8(_M#@#_DC>'O^Q?#_`-.5`HHHK^=S[`]S_9V_Y*78_P#8,U/_`-%QU^AM
M?GE^SM_R4NQ_[!FI_P#HN.OT-K_<W]G5_P`F"QO_`&7_`!#_`.J_(C^6/&7_
M`)*VE_V*,)_Z>Q84445_>9^3!1110`5^87Q8_P"2C^+_`/L+R_\`HN*OT]K\
MPOBQ_P`E'\7_`/87E_\`1<5?YP?M+?\`DU7`7_9P8_\`K.9V?M/@C_R/LW_[
M%'_NYACX:_:-\<?%3P1>?#-/AGK/A<:AXU\=^&_!4'A;7M#NM1N=8-]J!O\`
MQ%J,.H6ES&^FVNB>#[#6;]Y7MY83?0V-M))$;Q#7Q+;?M\?%;Q]\6/VI?`OP
MS\/>%[K0OA!X!^"OQ#\&R3-#:^+)?"FN_$3XP^`OBGKVMVVOWVFZ+$EG_P`*
MST_Q#HMC>7%E/:>'O$-M->"340;.OU?U#PQX=U;6="\1:GHFF7^N^&!J8\.Z
MM=V<$]_HG]LQ6\&J_P!F7,B-+9G4(;2VBNC`R&:.&-')"@5S>H?"?X9ZKK/B
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M^QZ=?00ZA'=AOU/_`&7?^1IU_P#[`\7_`*4U\7^'/AYX$\(:OXCU_P`+>$/#
MOA[6_%]W%?>*-5T?2;*PO]?NX%98;C5;JVACEO9(@\A1IV?:TDC##2.3]H?L
MN_\`(TZ__P!@>+_TIK]I^BYBLKQGTJ/#'$Y+@JV7Y=5SNO*A@JTJ=26&DN&<
MRC6I1J4TE4IQK*HJ56=ZU6GRU*[=:<SYGCJ&(I\!9[#$U(UJT<)%2JP4DIKZ
M[1Y9--NTG&W,E[JE=02BD?<5%%%?]"A_'@4444`>??%?QQ+\-?AOXU\>0:'J
MOB:X\*^'=3UFVT#0[.:_U75[FTMW>WL;*T@5YIY9YMB[(U9]FXJI(`/Y!?!S
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MQJLMG#%)JQT[7H=2TC4[R*6]BT[7XK[2[^:WU5+BW`!R'QDU+Q0WQ!^!>FR^
M&X8_"Z?&C1I8?$@U>V>>6\_X0+X@8M3I`7[3&IW2#SRVP;!_>%?3E>%_&G_D
M,_`7_LNFB_\`J!_$2O=*`"L[6/\`D$ZI_P!@Z]_])I:T:SM8_P"03JG_`&#K
MW_TFEKBS+_D78_\`[`L5_P"F*AMA_P#>*'_7ZE_Z7$_).3_62?[[?^A&F4^3
M_62?[[?^A&F5_P`I]3^)4_QR_P#2F?WRMEZ+\@HHHJ!GZ(_L]?\`)--._P"O
M_4/_`$8E>WUXA^SU_P`DTT[_`*_]0_\`1B5[?7_2]]'K_DQ?A'_V;WA7_P!5
M&%/XDXR_Y*OB'_L;X[_T_,****_8CYH****`.&^)AQX`\6YX_P")+>#GU*@`
M?4D@#U/%?EQ7WQ^UM++!^S/\;IH9)(9HOAWX@>.6)VCDC=;4E71T(9&4\AE(
M(/(-?QJKXH\3;AGQ#KQ&1D#5]0R>>@_TCJ>@K_)_]H;PO2SWC?P\Q%3&5,-[
M+A;,*"C"C&I?_A7<W)MSBU\=DDGL?W!]%7PVK<<<-<48RGF]/+E@<\P^&=.>
M"EBG4<\!2J\ZE'$T%&R;C9J5W9W6Q_1E17PC#\(P-&^$'BVU^'/C6WUO5_@'
MXP\8:;X"U.?QQ>0^/?B!HNM746CV5PDUQ#J&HSZCH:IXABTFS=3>:?-`]K"=
M/\@U[-8?!WX->*-0U'PCH5GK>G>,=!UN2XLUU/4M3.BZSXM?0+O6M7\&6[6^
ML3:]KNE>$4O-,DUK0H=.2;3Y+&WL6OY%U:]>T_F_+?H;\0YE)4X<5Y51J58Y
M=+"1Q&&S"@L:LSR[#YGAX4)8C!T>7$_5ZM3GPE>-'%0<*/M*,5C,*ZOWF/P6
M28"+J3S7,J]*D\<L54P^3X.NL(LNS"KEF)J5_8Y_4_V=8BG'EQ5)U<-*,ZG+
M5<L)BHT_HBOT]^$QS\.?"1'/_$J7I[3S`_K7\5_BRX\:>$_%/B/POJ?B34FU
M'P[KFJZ)?-8:WJ,UDUWI=[/97!M)3,ADMC+"Y@<JI:/:Q`SBOZ\/V*9IKC]E
M3X'SW$LD\TO@JV>2:9VEED8WM[EGD<L[L>Y8DFOZ._9]\'?ZL^)'B$YXFM4Q
M%/A.&`KX>M0C2E2JPSW!^T3Y:DO>A4H2A*+77?37X3Z47AU+A#@WA7-HYU1S
M6AF>>QIT51P<L-%4ZF58G$PK*<L37YXSBERI1CI)._0^HZ***_UB/X>"BBB@
M`KYX_:7_`.1`@_[#=E_Z!-7T/7Y^_P#!2#XL:S\'/@+9>*]#T[3-4O)/&NC:
M8;;51=&U\JZ@O7:0?9+BVF\Q#"`O[S;ACN4\8_#_`*2N$JX_P$\5\'1<(U<1
MP;FM.#J.48*3A'63C&<DM-;1D^R/O/##+L5F_B#PEEF"A&>+QV=87#X>$YQI
MQE5J-J*E.5HQ3?5NR/`:*_*W3?V\/B3J6HV&G#PK\/;(W]Y:V8O+^37[>QM#
M=3I"+F]G&J2&"T@W^;<2A',<*NX1L8/U"?B=\:5^*NO_``J:;X+?VCHOP]LO
MB);:J#XT%EX@TV^\+6/BF*ST.WEFBO)KO['>9/VV*Q"VT+W4JQ-FV7_`?)_!
M?CCB"G[7)\-@<;3_`+1P64\T,9[-?VCF%'%U\'AFJ]*DU*O2P.*E&HU[).ER
M3J1G.G&?]_9KX=\0Y)/V>:?V?@YK`8O-+3QU.?\`L&`K82AB\1>E&HN6A5QV
M$C*-_:-5>>,)0A4E#ZQIR??7_>7^8KY>UCQQ\>=#^&NF_%:[T[X9W'A2[\&O
MXIN;C3K'Q1?RPWDWE?V9HEBD.MXU7[8)&^TZI"T-IIAM+\7*'[,AG^0X?V^_
MB0TT2GP9X(PTB*<+KW=@/^@O6F>^"O'?"M?`4N(,'A,KJ9CAZ6-P4*^)E*6)
MPE54Y4\335&C4_=3511C.5DZD:E/^)1JQ@LE\/L_XCIXRKDDLLS&G@,34P>,
MG0S"DEA\52E*-3#S=14_WL'!N4%=J$J=3^'5IRG_`%@>&O\`D7/#_P#V!-*_
M]((*VZXWX<ZA+JWP]\":K.B)/J?@WPQJ$R1!A&DMYHEC<R+&&+,$5Y"$W,3M
M`R2>:[*O^E')(2I9-E-.5N:GEF`A*VJYH86E%V?576Y_FEF$)4\?CJ<OBAC,
M3"5M5S1K3B[/KJ@HHHKTSC"BBB@`HHHH`****`/FCX^_M5_##]G7Q)\$O"/C
M9]7O/$7QW^*G@[X5>$M,T&Q.H7%C?>-/$NC>#K#Q+KX5E&F>%[7Q/XD\.:+=
MZE,<?;M;LH8$E/G>5SGQ,_;0^$OPF^(=QX%\7KK=G8:3J/A/0?$_C=+2-O"W
MAKQ-X\MM6N_!WAV_N#*MQ)J.LPZ-<L%MH9$M?/L!,<W:`9O[27[#_P`)_P!I
M;Q=X$^(/B>_\6^'_`!OX`\6_"7Q)INM^&=>NK%-0T_X0_$JV^*&C>&=1T]_.
ML3IVHZ]#(+V^MX(=7@62*XL;VWNK.TEB\GUO_@GQ;?%35[7Q'\<OBKXA\72:
M[K7A?QQ\1_!FEZ-X5TOPIXA\>^!KKQ7+X"U6RN[?0X=?T^'P;IOB6ST..*SO
MK6'7X?"^D:AK%M)>SZ@;@`W(_P#@HM\+KB![:R\#_$2]\67=G;>(?#'@N'3;
M$:YXN\"W?AJ?Q?%XZT427J0-HBZ!`+B59WCNH[NXM+%HA+<`K]E^$?B9X,\:
M_#CPS\6-&UFV_P"$%\6>&-'\7Z1K=XZVML^A:Y96^H6%W,\C!81);W,1;<V%
M+8R:^![3_@FKH%A'I.LV?QN^($7Q'\.:3;^"_#7Q$?0/A_<:CHOPRMO"<_@N
M/P'!HTWAA]`EMCHLENTNM3Z=)KDU_96]U)>L3,LGWO\`#OX:>$OAC\-?!GPG
M\,Z;%'X+\">%-#\&:%IETB7,4>A^']/M],T^WF256279;6T0;<I!(S@<4`><
M_`35M-US4/CQJNCWUKJ>FWGQRU-[6^LIDN+6X5/AO\,H7:&:,LCA98WC8J3A
MT93R#7T)7@GP/M;:RUCX^VMG;06EM#\<]1$5O;0QP01!OAK\,7(CAB5(T!9F
M8A5`+,2>237O=`!7R-^U1_Q[>%/^N]]_Z+2OKFOSB_X*!_''P?\`!>P^'MQX
MMM==N(]:O-5AM/[$L[2\97MX4=_/6[U"P"*5/RE&D)/!`ZU_+_TS,-B,9]&[
MQ(P^&I3KUIX;(N2G37-*7+Q-DTI67E%-OR1^E>$.7XW-/$+A_`Y?AJN+QE>>
M-5'#T8\U6HX9=BZDE&.E^6$92?DF>.45\6_\-W?!C_H&>/O_``2:/_\`-'1_
MPW=\&/\`H&>/O_!)H_\`\T=?\_7^K>>_]"O%_P#@O_@G]T_\0\XW_P"B9S7_
M`,$?_;'VE7I'P@_Y*7X/_P"PLO\`Z(GK\Y?^&[O@Q_T#/'W_`()-'_\`FCKW
M']FO]L#X6^/?CK\-/!^B:?XQCU77O$265E)J.E:9;V22_8[N8M<30:W=2H@C
MB?!2WD);:N`"6'Z)X0\/9W3\6?"^I/+,5&%/Q$X*G.3IZ1C'B7+)2D]=DDVS
MPN*.`N,L-PSQ%B<1P[F=*AA\BS>O6JSH6A2I4LOQ%2I4F^;2,(1E*3Z)-G[P
MT445_P!,)_G2%%%%`!1110!\'_M.?\COIW_8#@_]'S5\WUG?\%!OVG]%^"WQ
M;T#PYJ?A?4M:EOO"%KJ:7-E?V]LB(][=P^4T<UO(VX&/.X-@@]!CGX,_X>`^
M$O\`HG^O?^#>Q_\`D2O^>/Z5?#>=XKZ0_BMB*&`J5*-;B5U*<U4H14X2R_`N
M,DI58R2:=U=+0_T#\,/#[C+->`.%LPR_(\1B<'BLLA5P]>%?!QC4A[6I'F4:
MF)A-:IJTHIZ/30_02BOS[_X>`^$O^B?Z]_X-['_Y$H_X>`^$O^B?Z]_X-['_
M`.1*_GW_`%4XA_Z%M7_P;AO_`)=_7R9]Y_Q"[CW_`*)S%?\`A1@/_FO^ODS]
M=_V=O^2EV/\`V#-3_P#1<=?H;7X>_L,_M9:#\7?C]I7@W3O"6J:1<3^'M?OO
MMMWJ-M<0I'9PP%D\J*W1V9S(H'S`#DG/0_N%7^V_[/?+\9EO@1BZ&-H2H59<
M=Y_54).$FX2P&214KPE*.KC)6O=6U1_%_C]D>:\/\<4,#G&#G@<7+(L#75&I
M.E.3HU,1C8PG>C4J0M*4)JSES*VJ04445_<Y^(!1110`5^87Q8_Y*/XO_P"P
MO+_Z+BK]/:_+7XM:EIZ?$GQBCW]DK+K,RLK74"LK*D896!<$,I!!!&000:_S
ME_:3T*^(\+.`X8>C5KR7B`I.-&G.K)1_U=SI<S4(R:5VE=JUVENT?M7@A&4L
M^S?EBW_PD+9-_P#,;ANQQ-%4?[4TW_H(6/\`X%V__P`<H_M33?\`H(6/_@7;
M_P#QRO\`&?\`LS,O^A?CO_"2O_\`*_-?>?TSR3_DG_X"_P#+S7WEZOI[]EW_
M`)&G7_\`L#Q?^E-?*?\`:FF_]!"Q_P#`NW_^.5]1_LKWMG<>*_$$<%W;3/\`
MV-$VR*>*1]HN>3M1R<#(R<8&17](_1"P..I?20\*JE7!XNG3CGF.<IU,/6A"
M*>0YLDY2E!15VTE=[M+JCXGQ&A-<$\0-PDE]4IN_*_\`H*P_D?==%%%?]$)_
M&04444`<KXY?QDG@[Q,_P\M?#][XZ&B:C_PB5KXKO;W3?#4^O_9I!IB:[?:;
MI^JW]MIGVHQF[DL].N[@0AA'"S$$?E-8?LP?M)W7P%'P/UKP'\+M'^(7C;XD
MS_'_`.*7Q-T'XB:]J7AGQ+\1_#/CSP?XXT@ZK(/A=X6N@?'%SX?;PY/IMMI-
M]_PB6@V&E7DMYXBNDF:Y_8.B@#\1[/\`X)R?'<^)/BMKMSXE^'%HO[5-]IM_
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MN+"9Y`#TKXR>&%B^('P+\3_V]XFD:;XTZ-:?V#+J[OX9B!\!?$`?:8=(\D(E
MV/+R)_.)!=^/FX^FZ^,_VI/C!H7P_O\`X3W>I^'?'>KIX:^,&@:M>1^%_"6H
MZ]/>P2^#O'%FL&D16GS:C>K)>QR/:P_O$@CN)3\L+5B?\-^?#/\`Z)/^TW_X
M8GQ90!]SUS_BVZDL?"OB:]B"F6T\/ZS=1!P2ADM].N94#@%25+(`P#*2,X(/
M-?''_#?GPS_Z)/\`M-_^&)\65S?C+]NOP'J_A#Q7I.D_"?\`:6&JZIX;US3M
M,,_P,\5QP#4+W2[JVLC-)AMD0N98_,?:VU,G!QBLZM'ZS2JX>\%[>G.C>HW&
M"]K%PO.2NU!<UY-+179MAZD*6(H5*B<J=.M2G-)7;A"<9226EVXII+J?A9<_
MM[?$I+FX0>%?!Q"3RJ"4U;HLC`?\Q#VKZ6\*?&'XN^,?"GPI\3:-+\,[A_B9
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MH5(N3A*=.I]]V'_"X?$NC/K7@W7_`(8ZU;ZIIFG:WX06^TO7M'DU32)[O2;3
M4;W68;G6'N=$2S.HWDUNRP7\5Y#H6KMYD)A@6?X:\8_MM?$CPOXK\1>'(_#/
MAR>'1-8U#38+G4M)UW1KZ[M[2YDBM[RXTJYU)[BP:[A6.Y6VF8R1I*H<YS7O
M7Q@\+_M?1?!2?XI_LL_#7PYHWQST/P[X4TW1/#/CGP3XATW1M"\._#_QCKWC
MG6=,\.P&*\N;FXUZU\.#38X+@)#JXLXV,:W6NZ7$?P%^)?A/_@M5\4/&VM^-
M]:^!_@NVO=7.G0)9VGPU\7_9['3=%TFPT'1-/B>323+,-/T;2["R-S,S3W30
M&YG9II7)]C,OV663<9</X7%\&<9^`'`N<8;,ZF%S+#\5^(W$F&HX[#4J$IRQ
M6`HXK*LQQ5"E+$XB-/#J=.M"MAL/%/%PK8>M/'^!P9]('PPPN98W_6[A_,LS
MRB>&;R]TLIR[#X_#8I5,-%4L3##9CAZ.)@\/&I*6)IRH)8KZQ;#2HU\/'"?V
MW?L!?$75OBG^S=X<\8ZU9V-C?7VM:]`]MIRSK:HEK<Q1H5^T332%FR2Q+XZ8
M48Y^TZ_!G_@F7^TKXU^`G[)?@[X<_M._"/XSQ?%_3]:\1WVO1^`/@MXKU#PN
MEM?WB2:<+&Y\BWRWD)F93&"LA/)S7W__`,-^?#/_`*)/^TW_`.&)\65_6/"'
M!=;PYX6X>X!KX[)\SK\&Y-E_#=;,>'\74QV18ZMD^%IX&IB\HQM:CAZN*R[$
M3HRJX2O4H49U:$H3E2@WRK^2N.,URO/.,.)LXR/#U<+D^99WF.-RS#5X*G6H
M8'$8FI4PU*I"-2M&,X4G&,DJM1)K2<MS[GHKX8_X;\^&?_1)_P!IO_PQ/BRJ
MQ_X*$?"<7:V!^&/[20OF@-TMD?@AXG%VUL'\HW*VV[SC`)/W9F">6'^0MNXK
MZ(^6/O"BOAC_`(;\^&?_`$2?]IO_`,,3XLH_X;\^&?\`T2?]IO\`\,3XLH`E
M_P""E]_?:7^P!^U]J6F7MWIVHV'P&^(%W8W]A<36=[9W4&C3R07-I=6[QSV]
MQ#(JR130R))&ZAD8,`:_R<D_:!^/TCHB_'#XO;G947/Q+\9@98@#).M8`R>2
M>!7^G1^VM^U%H'QX_9*_:'^#/@+X2?M$OXS^)GPH\7^#O#*:Q\%O%FG:6VLZ
MUIDMI9"_O_)N/LEJ977S9_)E\M<ML;I7\`R_\$9OV_P06^"NLL`02O\`9/B\
M9&>1G_A%>,CC/:O]$/H79OX!Y=PMQI3\7Y>&BS.IG^!GD_\`KUE^0XS%_45E
MW+7^H2SC#5ZD,/\`6/XD:,HTW4UDKZGNY1GF:Y53K4\OS?,<MIU9QG4IX+'X
MK"0J347%3G&A5IQG)+W5*2;2TO8]3\/_`+*?_!1K7?''P&\%ZC^U?KVAW/Q@
M^#'C/XY^"?$%W^TAXXUCP[X:\$_#Y[BVUU=0U;P[K&L1Z=JMH+4P_P!G:8+B
M2VF5["Y\B[MKFWAZ;2_V%_\`@I'K/@C3OB=X<_:DU[6O`Z>,_$^DW_BO2_CK
M\3'TKPMH&A+XE;6?B?JEX9XQ:^$YCX4UJ%IK;S==EN?[.M)M*%QK.EQ7?WN_
M[/?[4"Z;^R'I>G?L*?%3PZ/V4_AYK_@+3=5\)?&3XM>%?$&M1>)M9N/%NL7:
M:QHW@JWN[>*X\77^HWK63NUO)I$\>CSI+%&9&]@^'&O?\%.?A_\`%#QQ\1(_
MV.I=2L?BKX^\1>*OB'X-N-1^(TOAZ;1KC18]-\*Z-X:LKCPO-I^C7^EZ@LWB
M'Q#KBZ:U]XJUB>.YU)F>QLFB_1,T\2/#R=*5?*,)]'&6)HT\94^KYCD7ACAJ
M.*J87/,UI8*G1G2S#,*V'KX[A^EDN*IU*M>=#`8_!8?"55B(8NMB<%;XLXJ2
MM#B#.4E&5U_:F+BG=U'9+ZR[*2G*ZN_>E*]^=R/Y1+C]H#X^PSSQ'XY_%V4Q
M321F5/B7XU*2;'9?,4MK(8J^-RE@&((R`>*_U7O^"3FI:CK'_!.']C[5-7O[
MW5=3O_@YHES?:CJ5U/?7][<RW>H-)<7=Y<R2W%Q/(>7EFD>1SRS$U_GD?%3_
M`()._M^_$SXF?$'XBQ?L[-X2C\=^,_$OB^/PMH&A^+H=#\.)XBUB\U9=$T>$
M>$XQ%IFEB[%E91A$V6T,:[1C%?W/?L!_M(Z3^SE^QG^SK\#?B/\`"3]H:/QS
M\,OAOI?A?Q.FA_!CQ9JFDKJEI/=R3"PU#R+;[7;[9DVS>1%N.1M&*_.OICYU
MX#YMP-P1_P`0II^&=#/O[?E7SW#<#8/AZCCJ&%GD]:]''8C),+AY8C"TL9*-
M.,I-T)UHQG!)M&6;9[F^;4\/2S'-\RS&G2<JD:6-Q^*QE.E4<8QYH0KU:D(S
MY7*/-%)\K:O9L_::BOAC_AOSX9_]$G_:;_\`#$^+*/\`AOSX9_\`1)_VF_\`
MPQ/BRO\`/`\0^YZ*^#T_X*$?">6ZGLH_AC^TE)>VJ127-HGP0\3O=6\<X8P2
M3VZN984F",8FD15D"ML+8.+/_#?GPS_Z)/\`M-_^&)\64`?<]?@)_P`''?QJ
M\6?`;]@?2O'/@VTT*]U8_&KP1I!M_$5G>WNG-;7]GKC2N8=/U+2KGST,"^4P
MNP@W/OCDR-OZ*?\`#?GPS_Z)/^TW_P"&)\65^-/_``7*UCQ-_P`%`?V-;'X'
M?L_?"'XW3>.;?XK>$?&$B>,_A5XM\-:3_8^BVVKQ7I74!8Z@3=![V'RH/(_>
M#>=Z[>?O_"O+>!LX\1N#<K\3,%D68\`8[/L%AN+<#Q/1P^(X>Q625)VQE'-Z
M&+C+#5<#.&E:%:+IM?$CT,IS/,,FS+!9KE>-Q.79C@,13Q&$QV$K3P^)PM:#
M]VM0K4W&=.I'6TXM-=&?QP^&/^"E/[2>M>)/#^CZ/X`^%/B35M5UK2].TOP]
M'X;\:R2:[J%[?06UGHZ1V/CZWO'?4KB2.S5+2X@N6,P$$T<I5Q^W>@_MJ?\`
M!2[Q9^USXGTJU_8*_9^TSXL^$/A%X*\+ZE\,]?\`'?C7P[>Q:-XO\)V%OX6U
M*SO=9^*]J-9O;KP7+::.--TZVEGMG2[FO)&U9&F@_'KPS_P1S_;UTWQ'H&HZ
MA\'_`!A:6%AK6EWE[=>']/\`%5MKUM:6U[!-<7&BW$WA810:K#"CR:?-*1''
M=K$[D*":_:'XU_LX?&G5OVO_`/AJWX7?LR?&O5M>\,_LR:%\,/AY:>/=(NH(
M-'^*OA+X?67PT\+>,[E=-\*2S-::?IEFWB*38XN5UN2&.U=((69O[PXR\.?V
M?638W#8'@'PP^C!&EB\ES;,UB\-P[E,,/A^+,HQ>4_ZLK&2RW-\CI0]KA\;G
M<,/C9R>,RR7ML3A<1",L1AL7]KFWBMXCYI./UWCSBO&?['C<#>KG^:R_V7'/
M#O&85\N+A'V.+^K4/;PE=3]C3<E+D27E5M^V_P#\%9?V9_"6I0/^R/\`!7P3
M\.I/AG\0?%=\VMIXBDTO1IM/U"33M9\1^(=?G^(Z.-5BBO;32M#\':S-]HUJ
MQ?2?L\=^DJ&;\;[3_@IY^T%=:E;>9X:^$P-S?0^84\.^*5P9KA=Q0?\`";E5
MQN.T8*C@8QQ7]%OP+T;]K[P[^S=+^SC^TG^S#\6_VC-!U#X<:U#J^I>*8=5>
M6Y\:7KWT6C>&80?!\5P?"6@V\]G<VFLWMS=ZX-4AGNP^TVT</X%K_P`$;_V^
M%U9;R+X(ZU;VBZB+F.!=)\7N8+87/FI""?"WSF.+"`D_,5Z\U?`_`?T"<^I9
MQDOB9X5?1<HX?A;$1P?"&)H99D6*R/&975=>/MLGP6:8W,,5E<U'"X18G#?5
M\(N3ZK)RJR;IX8ROQ4\1<NQ698O"\;\2X+%YG.E4S#%X?.\?"MF-2G[9PJXJ
MM[?VF(J1=:JU.JW+]Y*[UL?ZBWP"OI]3^!/P5U*ZV?:=0^$OPXOKCRU*Q^?=
M^#M&N)=BDMM3S)&VKDX&!D]:]:K\T_@_^VKX&\$_"7X7>#-;^$W[28UGPC\.
MO!/AC5Q:?`_Q9<6HU/0?#6F:5?BVGVIY]N+NTE\F;8GF1[7VKNP/1?\`AOSX
M9_\`1)_VF_\`PQ/BRO\`-?&QP]/&XN&#C3AA(8K$0PL:*2HQP\:LU0C24?=5
M-4E%02T44K:'YW*I4JRE5JRE.K4;J5)S;<IU)OFG*3>KE*3;;ZMMGW/17PQ_
MPWY\,_\`HD_[3?\`X8GQ97T=\'?C)X8^-OAN]\3>%],\6:-;Z=K%SH=]I7C7
MP[=^%M?M+ZU@MKAOM&D7K-<10RPW43P2/M,BDD*!@GE$>LT444`%%%%`!111
M0!^;/[:/QKB\$?&S]EGX;^%?CIJWPN^)GC3XG^!=6O-*U"?3?^%97/P?T7QK
M8S?$RW\8Z9=V$5QKGB#XF:%!??"GX=Z?:ZV-2T_Q7KEGXNTK3X;/PKXBU!?E
M_P#:`_:P^,D_QKU&Y_9Y\>:IXOU6'QO\+M`^%OPST(6=YX'\:?#:X;XA:3\;
M_&E[:/H\LOB&\\*>(/#%W8W-['K,(T"?P[;161MCJ-X;W]O9[*SN722XM+>>
M2/\`U<DL$<DD7.1Y<C*7C(/S`H5(;D<\U1T;0-$\/:;IND:)I5CI>FZ/:)8:
M79V=O'%%8VB``008&Y5;&Z4[B\TA:65GD9F(!_/!8_M)_&Z\M],BU3X]?%&P
M^#/B/PSIVL>/OBS#J&FV.K>"OCN_PMOM;N?A7X9UB;PA<OIVC-XSBG:X\..M
MV;6[TJVT1;HZ?<7NG7?[>?`WQ)\5M;_9O^$WBKX@>'E?XQZM\+?!FK^,_#EQ
M<VVE!?&E[H.GW&O6,MPL/V6T,>H27(8I`L2LI5(U7`'<?$#XB?#7X5:&FM_$
M;Q/X;\&Z#/>>2E[KMQ;V5G)=[6N9'PZD$6\44EW=W13RK.WB>[NI888VE7N[
M:YM[RV@N[.>*YM+J&.XMKBWD66">"9!)#-#*A9)(I(V5XW0E64@J2#0!\^?L
M^76K7MU\=+G7=+CT75I?CCJAO-+AOH]2CM'7X<_#1$1+Z%(X[@/"L<I947:9
M#&1E"3]%5X7\&?\`D/\`[0/_`&734/\`U6?POKW2@`K\+?\`@M5_R`O@G_V%
MO$/_`*1Q5^Z5?A;_`,%JO^0%\$_^PMXA_P#2.*OP#Z4?_)B>/O\`L$RK_P!7
M^5']`_1;_P"3Z<"_]?\`-_\`U0YF?A3X,TG0-<\2:=I?B?Q!+X7T6Z:5;K6+
M?1K[Q!=0LL$C6UO::1IP^TWMU>W(AM((_,AB#S!YIHXU9J^RKC]AO5;?2_BY
MJ)^(NARI\+?%6M^&YKF#2[^32IET70="\0&YUK4=P&@7-_#KT6E65C)!=R'7
MM.U:PGDA2T%Q)\H?"OXBW_PH\<Z)X]TO1=`UW4M`EEN+"R\2V']HZ;'=M$\<
M%Z+?S(\7=E(PN+.;),$Z+(H#JK+Z_P#\-8>/+?1?%N@Z-H?A+0[#Q3>^*+Y1
M86-^\FCR^-]#TK0?%_V4WFHW*:@VMVND07+SZW'J<]IJ%Q>W5I)$UQM7_*S@
MG$^&&&R?$/C7`U,PS*6,QWU:GA%G5'$T<,LKE'#.I6PV.IY=B*=3'S53#TU2
MPN(P^(PL:6*KXC!9C.OE'^JW%^'\1:^;8?\`U1Q='!9='"X-8F>+EE=6A5Q'
M]HQEB/9TJV"J8VA.&"@Z=6I[;$4:]+$NIAZ%'%9?&CFF]\;?V2=7^#/A>3QA
M/XH@\2:)<?V9#H\^DZ5/)]KN9YKN+4Y;V2&XN;;3=+M/LR26&H33O_:<=W:A
M(8)6>../]@C_`)/"^`?_`&.R_P#IIU.N2O/VH?B/=_#_`%WX9+'H5MX3UK2M
M)T5+&#30C:3IVF6<%K-#IC"0+$VJ20?;+^61)9'NY9949-P`ZW]@C_D\+X!_
M]CLO_IIU.O=RROP/B?&#PPQ'`>%QF`RVIQ5P<\;@,8\35>%S)<44%6C0Q6*Q
M%:MBL-.E[&IAYRIX>4*,J=.M3>(C6G+P\VH\88?PI\2*'&>)P>.S"GPQQ8L'
MC<&J5-8G+WPW7=*5?#4*%*EAL1"K[6%>$:F(C.LJE2E4C0E2A'^Q2BBBO]M3
M_$0****`"BBB@#^:+_@L=_R</X-_[)Q9?^G6_K\Z/@G\-]&^+'CO2?`VJ>+O
M^$2N_$%U::5H4RZ#JFOM?:SJ%S';6T,T6G*$L=.MPS76J:E=3QQV5E%).L<_
MENJ_HO\`\%CO^3A_!O\`V3BR_P#3K?U^=/P=^+^I?!K6]5U[2?#7ACQ#>:KH
MMWH3'Q'9W%RUC9:@C0W[:9/:W5I<6%S>6SM:S75O*EQ]G9XHY8UDD#_XS>-,
MLEA])/BZ?$:IRR*/$^%EFL*M/'U83P<<LP3K4U#+:^&QOM*B7)2E0K1=.K*%
M2HITHSIR_P!G?!J.;R^CMP;'('..<RX4Y<MG"IA*3ABY8K$JE4<\?0Q.$Y*;
M?/4C6HS52G&4(.%24)Q]Q\)_LBKXL\):7XGM_B3I-G&_Q+TGX=ZY/>Z-J-MX
M=MIM8U_6=#@N]`\2W#0Z?XDFMQI"W]Y;VPM[>*VU"SC2^EN&>%>)^/'[-FM_
M`JTT^[U;5CJ\6M:DZ:1)::7<1VYT1M.M;RVOM3O/,EM=/U.:XN)+`Z-YL\JS
M6-[()VA2)YL-OC_K,?@C4/`&F>#O!6B>']=UK1]7\2PZ7I]]&_B%-!UJ;7=*
ML+[[3J-U%';6]W)&DDEK'!<7%O;00RRLH??>\?\`[3_Q,^)/@-OAWXDDT>30
M?[>;6XC;:<L%W:QHZMI^CVDB2>5;Z5I4<<5K8P1PAX[6&*!I'517S>98SP9K
M<-8S"X/+,=@^)X9'A*F!S+!U,YQ."JY[3JUXXK#5L-F&+HJGAJ^%6#?UM1DJ
M>-GC>3"O#T</]:^IP.%\5Z7$.&Q.)S'`XGAV6<XN.+R[$T\MP^,I9+4I8:6&
MKT<1@L+4<Z]#$O&06%E+FJ82&$=3%*O6K_5_I_\`X)/_`/)WNA?]B5XO_P#1
M-C7]4]?RL?\`!)__`).]T+_L2O%__HFQK^J>O]`OH4?\F;J_]E?G?_J-E9_G
MM]-?_D[^$_[([)__`%.S<****_KL_D(****`"OXW_P!N8G_AK;X[\G_D=Y__
M`$WV%?V05_&]^W-_R=O\=_\`L=Y__3?85_$/TZ_^3<<)?]EM2_\`5%G)_;WT
M%O\`DX/%_P#V1K_]7>5GBW@SX5>/?B#I?B'6/".B2:O9^%[&YU'5Q#<VJ7,=
MI96KWUY):V<LR7-\;2RCDN[E+2*9H;9&FD"HI-=AI7[-WQDUF3P[!8^%)#<^
M)]-N=9TVSGU'3[:]BTBVTY-6&IZI:3W27&DV-UI\L-Q8W.HQV\5ZL\`MVD,T
M8;?^!/Q%^&7PZT'XB7/B.#QC#X_\0:!?^&O"NO\`AM=*EAT32]5L9+?5P(M1
MP8[[54=M.DO4):UT^:<P+YTA8?1/B']M/PQJ^J^"O$6GZ+XET7Q#IFMZ7J_B
M+5+"#PU;7R:#I'P]3PG=_#S2-0AT\7-]H'BK5K:#4[ZYUXWTVE`6_P#9ZH]J
MA'\0<,<,>%.)R++,PXGXGQ>"S2L\.\;EN7YCA)S5"IFU;#UZEJV5N6#Q5'!T
MZ,_J=26)IRIXRGC5C'"AB\/A_P"Z.(>(/$G#YUF&"X=X;PF,RRE&NL)F&-PM
M>FGB(991KT(6IYC;%X6IC*E2+Q5..&JPEA*N$^J.=7"5L1\(^+/`OBSP,=+C
M\5Z5<:)=:O;W5U::?>LD6I);V=]/ILTEW8%OM-FIO;6YAA^TQQF8P2M%N5":
M_6?_`((Q$GXQ?%/.3_Q0NF_^G:6OAK]ICX_>$/CS;>#=7L/!4F@>.+*WN!XN
MUEIHWAOBZ1I!IUB$/F/I]JZ/-:M<_OH8Y1!EB'=ON3_@C%_R6+XJ?]B+IO\`
MZ=I:^S\%<NR#*OI+<$8+A?-_[=R*GF$YX',W&I"K7C6X7QM6LJ].IA\,Z5>G
M7G5A5HQIRA0DG156MR.I+X;QKQV=9C]'+CC%\195_8N<SRN,,;EZG3J4Z$J7
M$.#I4W1J4J^(C5HU*,*<Z55SC*K!JI*E1<O90_HZHHHK_8H_QR"BBB@`HHHH
M`1E#JRL`58%6!Z%2,$'V(.*^??@]^S%\)_@;K>N^(/`>GZ\FHZU:3:3`WB#Q
M7XA\40^&?#D^N7WB1_"7@VWU[4;^'PIX5&M:C->1^']#2STV/R;&!+=;?3K&
M*#Z#HH`RM3T32=9DTF;5+"WO9="U6+6](>XC#MI^K0VEY8Q7]L3_`*NX2TU"
M]MUD'(CN95Z,:U:**`"BBB@`HJO=M<+:W+6GV?[4L$S6_P!J9X[7SQ&QB^T/
M&KR)!OV^:R(S*FXJI(`K\DM6_;K^.6BIK/AB3PA\.-6\0V.J?&:[T7XA:;<^
M(T^&WBOP_P#`_P"&8^(7BZST-;BT74[C4/[1CNO!UKJ0)L'O+>:^*AK>XLXP
M#]=:*_)/X=_M^?%'XN>*/AJOA+P7X2T/PM\8_%7BOX3>$8?$A\1MKV@_$3PQ
M\)[CXFOXB\2BTL?LC^";E]*U?2(_LI6[96TB[25I+Z2VM_LG]D7XK_$;XU?"
MS4_'WQ#L?","77Q&\?Z#X%U7P6VK?V+XM\!>$-=E\*:9XS@BUF&*\BMO$VL:
M/KVIZ+(OF6VH^&)="UBVE:+40%`/J.BBB@`K,;1M+;5TU]K*`ZQ%8-I<>H%!
M]I33WG^TM:"3J(3/^]*]-_-:=%`!1110`445ROCB_P!:TOPAXBU'P]=^'+#6
M;'2;R[LM0\77%U:>&K"2")I7OM:GLXIKE+"TB5[B?RE!98]C21*S2H`=517X
MT7G_``4=^+NA?#NR\?\`B'X:>&+*P\)^&[KQUXT/GZZLWCWP+>?'`?"7P7X@
M^'.G&S-Y8Q>+]#FL_'=LFM*SV]E>V5GMECNDO!1\1?\`!2?XJ:=X:;Q1:^!_
M"*Z?X_T"Q\3?#*QCC\1ZSXHT/3%^,+?"W5K77_#6F6SW/BW7_LP77='T/PW+
M#=ZC*+NP/E1V;W9`/VEHKP/]EWXNZA\>/@!\+OBYJUEI6FZKXW\-0ZIJ>G:-
M=R7=C8ZA'<W-E>6>9TCNK.[MKBUDAU+2;V-;[1=12ZTF]'VJRFKWR@`HHHH`
MS(-&TNVU2_UJWL8(M5U2&TM]0OD0"XNX+`2+9QS/U9;<2R"('A0[>M:=%%`!
M1110`45XC^T5X^UWX6_!_P`8_$'0-6\&:'<>$],GUF[U+QV=4;18K*S@FE-M
M#:Z/%+?:AJVIW:VFE:780E)+FZO56#S[D06ES^;^O_\`!2#XM>"]-T?QIX[^
M"]AX5T?1_P#A4W@OXG?#:>]U.^^(.@_%3XE_!^T^)NHV.G7]G9OHESX?\'ZC
MJ-EX9O;MB7NI(-8NF-JUA'!<`'['45^)?B;_`(*1_'30--\4VW_"M?!KWGA?
MP%X=^+>I^-D_X2B]\#:3X;\7_".Q^*GA/P3K7V*QEU"Q\2ZW+>3>&1KC*=(M
M/[.O-6EBV>5:O^PW@#Q3_P`)QX&\'^,Q92:;_P`)5X9T3Q#_`&?,=TME_:^G
M6]\;61@!N:`S^63@9VYH`ZZBBB@`K,L-&TO2Y]4NM/LH+2XUJ^_M+5)84"/>
MWWV>&U^TSD??E^SV\,6X\[(U':M.B@`HHHH`****`"BBB@`HHHH`^%/VR?@!
M\4OB]JGPY\3?"VS\#:]J'A?PM\:O`>K>&OB%XEU;PQH?V#XQ^$M-\-Q^+K>Z
MTOPEXR:_U'PC<Z8EU_8LNG6)U6SO+J"#6M/F1?.^FO`OPT@\,_"#P;\*==U&
MX\00^'/!7A_PEJ.JK+<V-QJS:-IEI8RWOFP3+<P/=26QF^6;>`V"Q.:]1HH`
M^$I_^">_P%U[Q+XV\3^,K#Q-K%[XF\3?VMIPTWQ]\0-`CTS2$T'0M*@TRXAT
MOQ/;V]]=1W>F7UX^HO"DTD5[#;,"EI&3-_P[E_96_P"A7\;_`/AW?BE_\UM?
M<]%`'PQ_P[E_96_Z%?QO_P"'=^*7_P`UM9]]_P`$S_V0M4$8U/P+XGU$1$F(
M7WQ0^)-V(RW#&,7'BF382.I7&>]?>]%3.$*D7"I",X.UXSBI1=G=7C)-.S2:
MNMU<J$YTY*=.<J<UM*$G&2OII*+36FFC/SW_`.'6_P"Q7_T3'5O_``X?Q`_^
M:2C_`(=;_L5_]$QU;_PX?Q`_^:2OJKXG_'7X8_!NY\,6_P`1?$(\.IXLUG2=
M!TR^GLKV72X=1U[6M-\-Z(FJZE#!)9Z3%JOB'6-+T6QFOIH8[C4;^VMD.Z05
MPM_^V#^SOINK>*]%O/B-I<6H>#UUS[?'Y=RR:G<>&/%&G^!_$NG^&Y5B,?B/
M4O#_`(VU73?"&KV&D-=7-EXCO;?298Q=/L&'U+!_]`F&_P#">E_\AY+[CH^N
MXW_H+Q7_`(/J_P#R?DON/#_^'6_[%?\`T3'5O_#A_$#_`.:2IK?_`()@?L:6
M<\=S:?#C7+6YA;?#<6_Q(^(<$\38(W1RQ>)ED1L$C*L#@D9KUJ+]M#]GF:7P
M1''XSN"OQ#U6#0?#-Q_8.M"TG\03ZE=Z0-!O+HV7DZ=K,6I6-W:3Z=>/%<Q2
MV\F]`HW5]44+!X2+4HX7#1<6FFJ%)--6:::C=--)IK:R[">,Q<DXRQ6)E%II
MQ=>JTTU9IIRLTUHT]+'PQ_P[E_96_P"A7\;_`/AW?BE_\UM'_#N7]E;_`*%?
MQO\`^'=^*7_S6U]ST5TG,?"S_P#!.7]E@JP3PSXW5BI"L?BY\43M8@X;!\6\
MX.#COTK-T3_@F]^S5::+I%KKFC^,]6UJVTO3[?5]4A^*?Q.LH=2U2&TBCU#4
M(K*+Q;Y5I'>7:RW"6L?[NW601)\J"OONB@#X8_X=R_LK?]"OXW_\.[\4O_FM
MH_X=R_LK?]"OXW_\.[\4O_FMK[GHH`^!+W_@F3^QYJ<JS:E\/_$>H3*NQ9;W
MXF_$>[E5`<A%DG\3R.%SSM!QGM5+_AUO^Q7_`-$QU;_PX?Q`_P#FDK]"*\?\
M4?'GX6>"OB#X7^&/BKQ1!H7BSQG+<6OAJ#4H+FUT[5=1MM(U#Q!)I%OJ\L2Z
M<VK'0M)U35TT_P"T?:&T_3[RY";()"O/+"X6<G.>&P\YR=Y2E1IRDWIJY.+;
M>BU;Z+L=$,7BJ<5"&)Q$(QTC&%:I&*ZZ)227R1\K_P##K?\`8K_Z)CJW_AP_
MB!_\TE'_``ZW_8K_`.B8ZM_X</X@?_-)7KEM^VQ^S7>Z-=ZU9_$6TNHK:_T2
MR@T^&PU%]:U:+Q+HFL^)O#VK:'HWV8:AJVAZUX<\-^)->TW6+."2QN=*\.ZY
M>++Y>F77E]#X8_:P^`/C+QUX>^'?A?XAZ5K?B3Q9I-KK'AM;!;B;3=:M[S08
M/%,%OI^K+%]AGU!O#ES;ZVU@LWVA-.FCN'0*U+ZE@_\`H$PW_A/2_P#D/)?<
M5]=QO_07BO\`P?5_^3\E]QX99_\`!,7]CC3YA<V'P\\06-P%91<6?Q+^(MM,
M%;[RB6'Q.CA6P-P#8..:U_\`AW+^RM_T*_C?_P`.[\4O_FMK[GHK:G3ITH\M
M*G"G&]^6G",(W[VBDKZ+7R,*E6I5ES5:DZDK)<U24IRLME>3;LNBV/AC_AW+
M^RM_T*_C?_P[OQ2_^:VL#Q5_P39_9UU'POXDT_PI8>,/#OBB^T#6+/PWX@N?
MB;\3-5MM"U^ZTZX@T?6+C2[CQ<(-2@TS47MKV6PG(AO(X&MY#LD:OT&HJR#X
M8_X=R_LK?]"OXW_\.[\4O_FMH_X=R_LK?]"OXW_\.[\4O_FMK[GHH`^&/^'<
MO[*W_0K^-_\`P[OQ2_\`FMK$N/\`@F!^QG=S27-U\.-<N;B9M\L]Q\1_B'--
M*V`-TDLGB5G=L`#+,3@#FOT"HK.I2I5DHU:5.K%.Z52$9I/NE)-)^>YI3K5:
M+<J52I2DU9NG.4&U=.S<6FU=)V[I,_/?_AUO^Q7_`-$QU;_PX?Q`_P#FDH_X
M=;_L5_\`1,=6_P##A_$#_P":2OHS6/VG?@EX=\4^+O!GB'QM::%K_@GP]JGB
MK6[75[6]L(VT+1)(8=9O]+N+BW2+5X]+N+FUMKT:<UPT5Q=VT.&>>,-QG_#;
M?[-*:5I6KW'Q'L[.WU+4/$.G7,%[8:C;7WAQO">IZ'HWB:]\6V,MLMQX9TO0
M]1\3^&[?4-2U=+:TA_MW3)?,:&Y609?4L'_T"8;_`,)Z7_R'DON-OKN-_P"@
MO%?^#ZO_`,GY+[CR;_AUO^Q7_P!$QU;_`,.'\0/_`)I*O6/_``3+_8]TQWET
MWP#XDT^210DDEC\3OB/:.Z`Y"N]OXHC9E!Y"L2,\XKZ0^'W[0WPB^*7BSQ!X
M)\$>+K36?$7AO^UVO;-(;B%+N#P]KTWA;7[O2+B>-(=6L]$\2V\V@ZI<V+S1
M6>JQM:2L)!BO:JJ&%PM.2G3PU"$X_#*%&G&2TMI)136FFCV)GB\54BX3Q.(G
M"6DHSK5)1:TT<7)I[+==%V/AC_AW+^RM_P!"OXW_`/#N_%+_`.:VC_AW+^RM
M_P!"OXW_`/#N_%+_`.:VON>BMSG/A3_AWS\"-!U#PWXC\`6GBKPYXL\+^-/`
MWBK3=4U'XA_$/Q#9K#X7\8Z'K^K:?/I&J>*)]/NAK.C:=J&C(UU!-%:R:@EX
M893;A&^ZZ**`"BBB@`HHHH`****`"BBB@"AJNEV.MZ9J&C:G!]ITW5;*YTZ_
MMB\L0GL[R%[>YA,D+QRQ^9%(Z;XI$D7.496`-?)>@?L#_LF^&?!%C\.M'^$F
MG6_@[3-576=-T>;6O$EZFGWGV66RG6RN+S6)[JVL[^SGGMM4L(9DLM4BFE6_
M@N/,<G[#HH`\+T_]FGX&Z3XVOOB)I?P[T73_`!?J&C3Z#/JMH;R!8].N=*M-
M#N!9V$=T-.L+J?1["STZ6_LK6"^>UMTB-P07W>I>$?"7AOP%X5\.>"/!VC6/
MAWPGX1T32_#?AK0=,A$&GZ/H>C6<.GZ9IMG",B.WL[.WA@B4DG:@+,S$D]%1
M0`4444`%%%%`!1110`5Q?Q$^'OA#XK^"?$GPZ\?:/'X@\&^+M,FT?Q%HLT]U
M;0ZGIMQM\^TFFLYK>Y6*8*%D6.9/,3=&^49E/:44`?+=C^Q;^S-86O@2SC^%
MFDW$'PU9_P#A#UU"_P!;U)M-A?4;75ULIWO]2N&U/3H-3L;.^M=/U,WEG:W%
MK`]O#%Y8%6'_`&-?V:'7Q(!\*-!C?Q5K-AX@U6>&;5(;F/5M,U:;7K&ZTJXC
MOUET00:S<7.I"#2&LK>2ZN;AY8G$SJ?IRB@#C_`/@'P?\+O"&A^`O`.@V7AK
MPEX<M6M-'T:P5Q;VL4L\UW<.7E>2>XN;N\N+B\O;NXEEN;R\N)[JYEEGFDD;
ML***`"BBB@`HHHH`****`/)/C3\"_A;^T+X/@\!?%[PM!XO\*6VOZ1XH@TFX
MO=2L(X]>T%Y9M'U(3:7=V5QY^G3S-<VF92L-VD%VBBXMX)8^0T_]DW]GO3/$
M&D^*8/AII$VNZ-X:LO"5G?:A=:KJ9;1=/TR]T6SCO8-0O[FVU&]@TK4;ZQ35
M;Z&XU/[/=2(;L@)L^BJ*`/EZ#]C#]FFV\,3^#8?A=I<?AJ\U/^U=0TI=0UL0
M:I*([:".SU5AJ0EU+2(+6TMK*WT:]DFTR"PB%C%:K:L\3?3=M;P6=O!:6L,=
MO:VL,=O;V\*".&""%!'%%%&H"I''&JHBJ`%4``8%344`%%%%`!1110`4444`
M%%%%`!1110`4444`%%%%`!1110`4444`?''[5/P8^,_QJU?X0:5X,UOX8Q_"
MSPIX]\/>//B1X,\>Z1XGO9?&NI>#]=TW7_!\<=WX?UG3$2P\.:UI]MXDM]-O
M(I[2^\0:=I$]^LUM9"!_C+7_`/@F5X^U/6-`O[+XF^$8+7X)>/\`XP_$?]G^
M&[T'7)GN-:^,_P"U=X:_:PUFQ^*S)JZ?VKIVA>(O#</A+2O^$?\`[,GN-'N9
M+^\D?4(XY!^RE%`'P;\-_P!D'Q#X=U+X37'C+QOINO:/X'\<_$GXQ^(_#VGZ
M5=6VG:W\5_'5[/)I%Y8?:[RYDMM`\&6=W<KI5K=?:+J:]E>ZFG!;:/O*BB@`
MHHHH`****`"BBB@`KX0^./[.?QC^,W[0?@CQ-JWB+X8W?P!\'^'?$.GZ;X.U
M71/$S^-M$\5>+_#&K^%]?\?:1J=IK,&AS>);;1]6NM%\.R7^FRV^CZ7J&K%(
MY+G4)I*^[Z*`/Q>T;_@FM\9=(\?^%?CJ_P`5OA]=_&+X>>`OA'\%?"5@OAWQ
M1;_#:_\`A=\*_A+^T;\+4U/7=''B!]23QWK1_:;\9:]+>Z?>0:9;#P_X;TM+
M5H#?O/V/[.G_``36\0?`#XW?#;X@6GQ(TS6_#WPU\*:+X4L9Y=/U:+Q-JNB:
M5\/['P>-!O;!M1D\)Q0G4[>[UQ=?MM)C\1M%>II4E^]G:0(OZX44`%%%%`!1
M110`4444`%%%%`'YE?%?]D7X]_&GXH?&K7O&_C3X37'@OQ3X*MO"GP;>'0/%
MR>+?ALFA>(M!\8Z1!=2IX@32;ZR\0^)]#@N/&\MK:VU_J6G0VFGV<]M%`M>(
M>-?^"8OQ+\;V?QNN;SXI^#-.US]K?P]\3O`O[11L=#\3&PT?PG\0V^$^D6]Y
M\'C+KS7>B:_HOA#X9/9N=<EU+3[[7]:&KO;I'9_9I/VDHH`^!OV??V.+SX1?
M'SQA\9+_`%7P_;:3+X<\8>$/`?@KPJWB5M-TG3O''Q$D^(GB76=1_P"$BU74
MDBU?6-62&\O+;1TL].;4[W5[P0XGMXX/OFBB@`HHHH`****`"BBB@`HHHH`*
M***`"BBB@`HHHH`****`/Y4_V>O^#B?XF_&O_@I9HW[!U_\`LS>!-!\.ZI^T
M)\0O@J_Q#L_B!X@O-:AL/!6I>++"WUU=#FT"&Q:[OU\.12369OA#";J14F<1
MJ6_4?7/^"J7A70+']LFVO/A;K_\`PF?[,/Q+N/AYX*\(1ZMIKZA\<$76=4\-
MQ>(/#&&']GZ?9ZWX9\:'7H[L-/H^B^$]3UJXC^Q^4SQ?#C_@B1_P3Y^%/[3U
ME^V!X,^&WC&Q^.>G_$;Q'\5;7Q!=?%'QQJ&E)XS\576KWFLWS>'+O5I-&>VG
MGUS46BT]K4VEN)46&-1%&!](:E_P3V_9?UCQO??$74?!=_=>+=0U3XXZS<:G
M+XAU<_\`$S_:$LKG3?B#=QP?:?)23[#?ZM;^'#L/_"-KK6L-I/V9]0N&?]D\
M9LZ\(<[S3AJMX/\`#6:<-99AN&,'A>(L/FBK*IC>)88C$RQ>.H>USG.G["IA
MY8:$>6KAH\U.7^RP=Y3TJ.#:]FFE97OU?WLY;3?^"BWP5M9HK+QHFO:+?W=S
MK-RJZ3HM_KEAH?AG01\.+75O$/BS485C@T:RT[5_B7H5C=SGSH0DJS1EQN4;
MW@_]OSX):_J.B:%JESK6GZIK&L:II$FH6F@:G>>%=&EM=?\`$FA:8NMZ_P"6
ML.GS:M/X8U%;6)XWWSQ&,84HS;%U^P3^SE=IXECD\.ZZ$\6>$_$W@O6%7Q5K
M?[S0O%NI_#C6-9AA)NLP3S7WPK\(20W$9$L"VMU'&P2]N`\\/[#7P*TSP[KF
M@Z%IFM::^L7W]L)>R:]J=\]IKD&I^)=<T^_6"YN&BECL]8\4ZG=FSD!M[B,Q
M6LR-!&JC\;,SL/V=_P!JWX6?M/GQRWPOC\6/:^`-4TC2]5U#Q%X<GT.PU%]=
MTF+7=)O-`N99YEU2QO-'N;/4$F41.EO>VC2Q(TNT?/7[=O[<GB#]D#5?AOIV
MB>`-'\:KXZT_Q->W$NJ:U>Z2VGMH-SHT$<<*VEE=B<7`U1V=G*%#"H4-N..J
M_8/_`&,[_P#8R\'^-?"$WQ`_X3'3O%/B&WUVRTZU@\10Z5H]PEGY&HWL`\5>
M)_%NJ)?ZY.4GO[:TU.UT&T6VM8-'T?3XUE$OK?Q]_9)^"7[3%WX9OOBWH.J:
MS<>$;;5+30VT[Q#J^ABWAUB6RFOEE33+FW6X,CZ?:E&F#&,(P0@.V?@O$S+^
M.<TX,S7`^&^;8/(^,*U3+GE>9X_D6%P\*>982ICU4]I@,SA>MET,51A?!5O?
MJ1LZ;M4A]YX9YAP/E?&>58WQ'RG&9YP?2AF"S3+<`IO%5YU,NQ5+`.G[/'Y9
M.U',)X6M.V-I?NZ<KJHKTI_.?PO_`&Z/%'Q.^#7PJ\8:1\,--N/B9\8_B-XI
M^'_A+P=#XD-MH%J/"EG<ZEJ6OZQKM_:Q3Q6%K9V\?G6]M:RW<D]U!';HZB1E
MX7Q5_P`%2?#7A33H=*O_`(/^/#\0;;PW\?=4\26-G:C5?!WAK6/V;/BYH7P?
M^(^D7WB6P+R30R>(-:MVT/4+6SFBN'U/PS8S*EUX@@6'Z@/[$?P/L_AAX7^%
MGAN'QIX-TOP/XMOO''@KQ)X4\;^(-(\<^%/$FJ0W%KJ=]HOBV"[_`+6M5U"R
MNKBSN[83-!+;2F-H\*FW&F_8$_9ZETWP)I@T_P`81)X%T/XH^'Q>1^-O$(U/
MQ?8_&;Q/X=\=_$:7Q]J)O#<^+K[Q)X_\)>'/'%W?:N\]Q_PD^E6^I(ZR%PWM
M<'X;B'!<+</X3BW&T,RXGP^4X*CGV/PW+]7QF:PH0CC<11Y,-@X^SJUU.4.7
M"X=6>E*"]U>-Q?B>'L;Q3Q!B^$\%7R[AG$9MC:V0X#$\WUC!Y74KSE@\/6YL
M3C)>TI47&$^;%8AW3O6G\3SKS_@HI^S#IFL>"/#NL^)]:T+Q#XWU;4M%CT'6
MM"ETW6/"][I>L6N@7`\86%S<)/HZ/JU_I]I`8EO9)6OK9_+$3LZ?1'PD^-G@
M[XUV_BF_\$VWB0Z7X4\27OA6ZU;6M!NM'T[5=5TT^7J/]@7%T?\`B;6=C<A[
M.XO(46%;N*2)2^W=7D]]^Q1\"KOXAVOQ1@TG6]-\90^(M9\1WFI6&NWD?]K3
MZ]>Z5J6H:?J<4IF2?2CJ&C6%U!9*(TMG200E%FD!^@/A_P##[PS\,O#J^%O"
M5M<6FD+J6JZJ(KF[GO9?MNM7\^I7\AGN'>3;)=7$CI'G9$I"(`H`KZ,^</,O
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MDP-1.I!P4?:9GF>J=G#=_3YKBN&ZN1Y)0RS`XBAG5"-3^V<54YO98J32]FZ5
M\557NN][4*'S/GKX9_\`!3O]FWXB:C\,O#]VWC'P/XI^*=[%8Z#H/BW0XK.6
MVDU'Q+?>$?#4]_/'>N!9>+M>T^XL/#EU:PW*7<R_OQ:QXD.SX8_X*'_`_P"*
M.MZ)H?P<U0>-+F[^*?@/P'J<DX-C;OX>\>WVKZ?I/COP]-%)=)JNA75UHFH0
MV3S?8YYGMI#-;0(\+R]1X(_8'^`'P[\7>&?&GA*S\6Z=JOA251IL4GBS5+ZP
M;3;76=3U_1]"GMKY[@-HVA:IK%_-I-E&T:VJ3"$$QH@&K\-_V'_@3\*EL+;P
MCIWB*UTC0_%GAOQ?X6T"?Q%?S:-X4O\`PGJ^OZQH5CH-GN46ND6<OB&YL4TY
MVE@.E6&C::0;;2;-8_VH^8/K^BBB@`HHHH`****`"BBB@`HHHH`****`"BBB
M@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`X3XB_$WP%\)/#;^+_`(D>
M*-,\(>&H[VUTY]8U9Y8[-;V^+BTMBT44S^9.8W"#9@[3DBN0\-_M&_`WQ=X&
M\2?$SP]\3O"NH^`/"%TUEXG\6K?-;:+H=TL5E.8=0O+R*W2%O*U&Q;D%3]JA
M4$LV*\@_;M^`7C?]I+X"W?PS^']SX?M/$,_BOPWK:3>);Z\T[3/L>DR7;72M
M<V.FZK.)V$Z>2@M"CD-ND3`S\2>#?V`OCCX6_8%_:5_9NO[KP-J'Q#^*7B"V
MU[PLNE>*]9L=#F@L3X&G^PWWB1_#*W^AWMVWAB^MX+VVT;45LY)[2YP^'1/R
MROQ/Q]#Q9P7"U+A2G4\/*W#T\?BN+O88IU*&<J.+<<N5=8E811;I8=<DL*ZG
M[[^)K&WZE0X9X"GX3XWBFMQ54I^(5'B".`PO"/ML+[.OD[EA%+,70>&>+<DJ
MN)?,L4J?[E?N]'S?L'X5\6>&_'&@V'BCPCK-AXA\/:H+@Z?J^F3"XLKL6MU/
M97!AE&`WDW=M/`_`Q)$P[5T-?BEK'[+O[5MBL?CRWMI?#OAC0_@CXE\(WWP4
ML_C5XJ^).OZG\1%TSXAVV@_%!?&$?@CPRVO>);.SU;1M$MM-CT*P6]37;W4]
M0N+C4O"7A^2;S[2?V(OVM=:^'L4LMEH^AV.MZ#=1^&/A'=?&_P`;K%\+?'FL
M_#[1]%L_C=<>)CX3BNO$'BC3/%T=UXON?!MUI=I'9WL(MK;6?.N)YD_4S\M/
MWDN;ZRLC;"\O+6T-[=1V-F+FXB@-W>S+(\5G;"5T,]U*D4KQV\6^5UCD94(1
MB+5?DCXG_80\<:MI,7BGQ%8Z#\5/B=9?M1^#_BJ\FO\`C_Q+HD&J?#SPKI_B
M31=,TVPU,:5JT7A;4M*F\6ZIXGAL+/1[RUFO5FCDNFFN(YH?J;]AWX2?%;X)
M_!_4?`WQ7&D?;H/&^M:EX9:T\37/C/7Y_#>HV&C2_:O''BN70?"]MKWBZYU\
M:[+?:G8Z!IR7]H;"_O5DU6[U!Z`/K#7/$&B^&K+^TM>U&WTRQ,T=N+FY+"/S
MY0[1QY16.YQ&Y'&/E/-<I<?%GX:V?ASQ1XOO?&N@6'A;P5I<NM^+/$&H7R6&
MD^'M(@@NKJ?4M5OKSR(+2SAM[*ZFEGD<(B0.S$8&<[XP^"]7\>>$5T/19+*.
M\&JV5[NOYI8(/)MX[E'&^*"X?>3,NU?+P1G+#`S\1_'_`/9"^)WQ0_8S_;$^
M`.AWWA2'QE\>/@GXG^'W@VXOM1ODT2#7-6\.^(]-M&UNZ32WN+2P-UJEJ)9[
M>TO)$B\YQ`Y14?\``\SXY\7<-X]\/<#8'P_HXKPCQ^45L7G/B`\-CY5LNS*&
M3YYBZ6#CB88Z.`@IYE@LJP7+4P-2;6/:4U.4)P^MH95P[/A/&9K5S>5/B*CB
M8T\-E'/24:U!XG"4Y57!TG5;5"KB*MXU4OW5[64D_O[P1\0_`WQ)TJ77/`/B
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MA?MI=K8+<I+<R:BEK]M:R>*(NT%P+3_2!'/Y3&+#J"",_BY;?L'_`+4TEQ^T
MG<^*?B!XF\1ZM\3AXO&@ZAI/QBT_P_HNM66N_%_PSXZ\%Z;K.D3_``FU75B?
MAYX+L+GP"BZ[X@\0:9J7A^VUC0+2PT[2?&)&@6K#]A/]I/3&\0ZMX>T_X6^"
M/&_B3^P_$6L^)O"_CKQ5#9WFKP?"^T\):CX5MK.Y\.SWEI90ZM9RQV_B`7)E
MDMK][]-+@DB%F0#]C_%_CKP;\/\`3K+5_''BC0O"6E:EKFB^&;'4?$.I6NE6
M5UX@\1W\6EZ#H\-U>210MJ&KZC/#96%MO\RYN94BC!=@*EM_&GA*[\6ZAX#M
M?$>CW'C32=%L?$>J>%X;^WDUO3]!U.ZN++3M6O-/1S<6]C>W5I<P6T\B*DLD
M+!2>"?S9^+O[%?B'X]?LB?#7]G?6_!'A?X=6NG?%SPMXD\7^'+/XC:UXWM],
M\+:3=:TVH:QX=\6WWAG1]0F\31SW]OKNB6K:=91Z9JD,(@U)6M8YS\S:M^P9
M^V7J?A;QOXV\0:M\)_%/[07QM\`Z;X2^,NNVGB'5M)L-^@>.O"=GX;B\%W&K
M^%?$%O;6NC?#3P;I>H)%JVEWEE<>,M2\2N=/A75?MB`'[C^(/%'A_P`*VUE=
M^(M6M-(MM1U6QT2QFO',:76K:G(T5A81$*VZXNY%9(4P-Q!Y%;4TT-O#+<7$
ML<$$$;S3SS.L4,,,2EY)99'*I''&BL[N[!44%F(`)K\6[;]@#]HS5?@=XBTG
M7/B-IUE\?]:UGX91Z7\0V\8:[XC@\->'?!FAQPWD>GK=Z)I]M#=G6%,RR:?I
M.GS70_TN*ZTZX2'RK'A+]A+]H'4/BIXJU[XE>)VE\&^*_@_KG@!-`TOXC_VC
MX7T[2=;^#I\`3?#[6M*U/P!_PEOB+08/%]U?>,H+Z'QKI41O_LVIRZ>]['-!
M<`'[-6]Q!=V\%U:SPW-K<PQ7%M<V\B36]Q;S(LD,\$T;-'+#+&RR12QLR2(R
MLK%2#4U>`_LK_#W5_A/^SI\'/AKX@\,Z-X0U[P3X%T;P]K>@>'O$-WXKT6VU
M;3XFAU&[T[7[[2M$N[^#5[P3:Q^^TNS:U>_>S".MNLLGOU`!1110`4444`%%
M%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`444
M4`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110
M`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!
J1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110!__9
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
